Current Report Filing (8-k)
May 14 2015 - 8:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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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 14, 2015
ASHLAND INC.
(Exact name of registrant as specified in its charter)
Kentucky
(State or other jurisdiction of incorporation)
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1-32532 |
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20-0865835 |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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50 E. RiverCenter Boulevard
P.O. Box 391
Covington, Kentucky 41012-0391
Registrant’s telephone number, including area code (859) 815-3333
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01. Other Events.
Ashland Inc. (the “Company”) announced today that its Board of Directors raised the quarterly cash dividend to 39 cents per share, a nearly 15 percent increase from the previous quarterly dividend and equivalent to an annual dividend of $1.56 per share. The dividend is payable June 15, 2015, to shareholders of record at the close of business on May 29, 2015.
The text of the Company’s news release, attached as Exhibit 99.1 to this Current Report on Form 8-K, is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
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(d)
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Exhibits
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99.1
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News Release dated May 14, 2015
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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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ASHLAND INC.
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(Registrant)
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| May 14, 2015 |
/s/ J. Kevin Willis
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J. Kevin Willis
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Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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99.1
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News Release dated May 14, 2015.
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-4-
EXHIBIT 99.1
News Release 
Ashland Inc. board raises quarterly dividend by nearly 15 percent
COVINGTON, Ky. – The board of directors of Ashland Inc. (NYSE: ASH) has approved a nearly 15 percent increase in the company’s quarterly cash dividend. Ashland’s board raised the quarterly dividend on the company’s common stock from 34 cents per share to 39 cents per share, equivalent to an annual dividend of $1.56 per share. The quarterly dividend is payable June 15, 2015, to shareholders of record at the close of business on May 29, 2015. As of March 31, there were 67,576,297 shares of Ashland common stock outstanding.
“This increase reflects the board's confidence in the company’s ability to continue executing at a high level while maintaining its commitment to return cash to shareholders,” said William A. Wulfsohn, Ashland chairman and chief executive officer.
About Ashland
Ashland Inc. (NYSE: ASH) is a global leader in providing specialty chemical solutions to customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. Through our three commercial units – Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline – we use good chemistry to make great things happen for customers in more than 100 countries. Visit ashland.com to learn more.
FOR FURTHER INFORMATION:
Investor Relations:
Jason Thompson
+1 (859) 815-4454
jlthompson@ashland.com
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes@ashland.com
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