UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 25, 2005
CORN PRODUCTS INTERNATIONAL, INC.
Delaware | 1-13397 | 22-3514823 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
5 Westbrook Corporate Center, Westchester, Illinois
|
60154-5749 | |
(Address of Principal Executive Offices)
|
(Zip Code) |
(708) 551-2600
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events | ||||||||
SIGNATURES | ||||||||
Press Release |
Item 8.01.
|
Other Events | |
On May 25, 2005, Corn Products International, Inc. (the Registrant) issued a press release disclosing it will hold an Analyst/Portfolio Managers Conference in New York City at which time corporate officers will provide an update on the Companys prospects for the year and will confirm the Companys 2005 outlook, which calls for an increase of 7 percent to 15 percent over last years $1.25 GAAP EPS. | ||
A copy of the Registrants press release is attached hereto as Exhibit 99 and hereby incorporated by reference. | ||
Exhibit 99
|
Press Release dated May 25, 2005. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CORN PRODUCTS INTERNATIONAL, INC. |
||||
Date: May 25, 2005 | By: | /s/ Cheryl K. Beebe | ||
Cheryl K. Beebe | ||||
Vice President and Chief Financial Officer | ||||
EXHIBIT 99
Corn Products International, Inc.
5 Westbrook Corporate Center
Westchester, IL 60154
NEWS RELEASE
For Release
|
CONTACT: Richard Vandervoort, (708) 551-2595 (investors) | |
05/25/05 05:30 CDT
|
Mark Lindley, (708) 551-2602 (media) |
CORN PRODUCTS INTERNATIONAL, INC.
HOLDS ANALYST/PORTFOLIO MANAGERS CONFERENCE IN NEW YORK CITY
Company to Review Progress on Strategy and Confirm 2005 Outlook
WESTCHESTER, Ill., May 25, 2005 Corn Products International, Inc. (NYSE: CPO) will hold its 2005 Analyst and Portfolio Managers Conference at 12:30 pm ET today in New York City.
During the meeting, corporate officers will provide an update on the Companys prospects for the year and will review the progress that Corn Products International has achieved on its multiple-pathway strategy, which was introduced at the Companys Analyst and Portfolio Manager meeting in 2004. The management team also plans to confirm its 2005 outlook, which calls for an increase of 7 percent to 15 percent over last years $1.25 GAAP EPS.
We remain confident that the strategy we unveiled last year is the right one for our Company, said Sam Scott, Corn Products Internationals chairman, president and chief executive officer. We have achieved tangible results by putting this strategy into action, and we look forward to reporting greater progress in years to come.
The conference will be simulcast on the Companys web site, www.cornproducts.com. Presentations will be available for download 60 minutes prior to the start of the meeting. This will be a listen-and-view only presentation, and the presentations will be available for 30 days on the Companys web site.
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Page 2 Corn Products International, Inc.
ABOUT THE COMPANY
Corn Products International, Inc. is one of the worlds largest corn refiners and a major supplier of high-quality food ingredients and industrial products derived from the wet milling and processing of corn and other starch-based materials. The Company is the number-one worldwide producer of dextrose and a leading regional producer of starch, high fructose corn syrup and glucose. In 2004, the Company recorded net sales of $2.3 billion with operations in 16 countries at 34 plants, including wholly owned businesses, affiliates and alliances. Headquartered in Westchester, Ill., it was founded in 1906. The Company is listed on the New York Stock Exchange under the symbol CPO. Additional information can be found on the World Wide Web at www.cornproducts.com.
This release contains or may contain forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company intends these forward looking statements to be covered by the safe harbor provisions for such statements. These statements include, among other things, any predictions regarding the Companys future financial condition, earnings, revenues, expenses or other financial items, any statements concerning the Companys prospects or future operation, including managements plans or strategies and objectives therefore and any assumptions underlying the foregoing. These statements can sometimes be identified by the use of forward looking words such as may, will, anticipate, believe, plan, project, estimate, expect, intend, continue, pro forma, forecast or other similar expressions or the negative thereof. All statements other than statements of historical facts in this report or referred to or incorporated by reference into this report are forward-looking statements. These statements are subject to certain inherent risks and uncertainties. Although we believe our expectations reflected in these forward-looking statements are based on reasonable assumptions, stockholders are cautioned that no assurance can be given that our expectations will prove correct. Actual results and developments may differ materially from the expectations conveyed in these statements, based on various factors, including fluctuations in worldwide commodities markets and the associated risks of hedging against such fluctuations; fluctuations in aggregate industry supply and market demand; general political, economic, business, market and weather conditions in the various geographic regions and countries in which we manufacture and/or sell our products, including fluctuations in the value of local currencies, energy costs and availability, freight and shipping costs, and changes in regulatory controls regarding quotas, tariffs, taxes and income tax rates; operating difficulties; labor disputes; genetic and biotechnology issues; changing consumption preferences and trends; increased competitive and/or customer pressure in the corn-refining industry; the outbreak or continuation of hostilities including acts of terrorism; stock market fluctuation and volatility; and the resolution of the uncertainties resulting from the Mexican HFCS tax. Our forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description of certain risk factors, see the Companys most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q or 8-K.
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