Current Report Filing (8-k)
July 07 2015 - 6:19AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported):
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July 6, 2015
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Innospec Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-13879
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98-0181725
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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8310 South Valley Highway, Suite 350, Englewood, Colorado
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CO 80112
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
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(303) 792 5554
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Not Applicable
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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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On July 6, 2015 Innospec Inc. announced that it had completed the divestment of its subsidiary, Innospec Widnes Limited to Emerald Kalama Chemical. The divestment was completed in line with the terms referred to in the report on Form 8K dated June 8, 2015.
Item 9.01 Financial Statements and Exhibits.
A copy of the press release dated July 6, 2015 announcing the completion of the divestment is attached to this report on Form 8K.
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.
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Innospec Inc.
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July 7, 2015
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By:
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David E. Williams
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Name: David E. Williams
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Title: VP, General Counsel, CCO and Corporate Secretary
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Exhibit Index
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Exhibit No.
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Description
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99.1
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Press release dated July 6, 2015 announcing the completion of the divestment of Innospec Widnes Limited
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PRESS RELEASE
INNOSPEC COMPLETES SALE OF AROMA CHEMICALS BUSINESS
Aroma Chemicals divested to Emerald Kalama Chemical
Innospec to focus on core strategy Fuel Specialties, Oilfield Specialties and Personal Care
Englewood, CO July 6 2015 Innospec, Inc. (NASDAQ: IOSP) today announced that it has completed
the divestment of its Aroma Chemicals business unit (Innospec Widnes Limited) to Emerald Kalama
Chemical, a business group of Emerald Performance Materials LLC, on July 6, 2015.
The transaction was first announced on June 8, 2015, and closed in line with expectations. Innospec
will use the proceeds as part of its balanced capital management program.
Patrick S. Williams, President & CEO of Innospec said We are pleased the sale has been completed
and that the Aroma Chemicals business and its employees can thrive under new owners who are
committed to this market. I would like to take this opportunity to thank all the employees for
their hard work and dedication during Innospecs ownership.
This allows Innospec to concentrate on our core strategy, focusing on Fuel Specialties, Oilfield
Specialties and Personal Care.
We will continue to deliver innovative products and high quality service to our customers in these
growing markets, and leverage our operations and strong balance sheet to enhance shareholder value
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1300 employees in
20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in
the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Fuel Specialties business
specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency,
boost engine performance and reduce harmful emissions. This business also contains Oilfield
Specialties which provides specialty chemicals for oil & gas drilling and production operations.
Innospecs Performance Chemicals business provides effective technology-based solutions for our
customers processes or products focused in the Personal Care and Polymers markets. Innospecs
Octane Additives business is the worlds only producer of tetra ethyl lead.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than statements of historical facts
included or incorporated herein may constitute forward-looking statements. Such forward-looking
statements include statements (covered by words like expects, estimates, anticipates, may,
believes, feels or similar words or expressions), for example, which relate to earnings, growth
potential, operating performance, events or developments that we expect or anticipate will or may
occur in the future. Although forward-looking statements are believed by management to be
reasonable when made, they are subject to certain risks, uncertainties and assumptions, and our
actual performance or results may differ materially from these forward-looking statements.
Additional information regarding risks, uncertainties and assumptions relating to Innospec and
affecting our business operations and prospects are described in Innospecs Annual Report on Form
10-K for the year ended December 31, 2014, and other reports filed with the U.S. Securities and
Exchange Commission. You are urged to review our discussion of risks and uncertainties that could
cause actual results to differ from forward-looking statements under the heading Risk Factors in
such reports. Innospec undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Contacts:
Brian Watt
Innospec Inc.
+44-151-356-6241
Brian.Watt@innospecinc.com
Robert D. Ferris
RF|Binder Partners
+1-212-994-7505
Robert.Ferris@RFBinder.com
Chloe Miller
RF|Binder Partners
+1-212-994-7636
Dan.Scorpio@RFBinder.com
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