SANDERSON FARMS INC false 0000812128 0000812128 2020-10-29 2020-10-29

 

 

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

Date of Report (Date of earliest event reported): October 29, 2020

 

 

SANDERSON FARMS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Mississippi   1-14977   64-0615843

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

127 Flynt Road

Laurel, Mississippi

  39443
(Address of principal executive offices)   (Zip Code)

(601) 649-4030

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

 

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

symbol(s)

 

Name of each exchange

on which registered

Common stock, $1 par value per share   SAFM   NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Section 7 – Regulation FD

 

Item 7.01

Regulation FD Disclosure.

On October 29, 2020, the Registrant issued a press release stating that, contrary to media reports, it had not received a proposal from Tyson Foods and Durational Capital Management, L.P. (“Durational”). The press release stated that the Registrant’s Board of Directors had unanimously rejected an unsolicited proposal from Durational to acquire the Registrant for $142 per share. The press release is furnished as Exhibit 99.1 to this report.

In accordance with General Instruction B.2, the information contained in this Item 7.01 and the attached Exhibits 99.1 and 99.2 is being “furnished” to the SEC and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under such section. Furthermore, such information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, unless specifically identified as being incorporated therein by reference.

Section 9 – Financial Statements and Exhibits

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits:

 

Exhibit
No.

  

Description

99.1    Press release of Sanderson Farms, Inc. dated October 29, 2020.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


EXHIBIT INDEX

 

Exhibit
No.

  

Description

99.1    Press release of Sanderson Farms, Inc. dated October 29, 2020.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


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.

SANDERSON FARMS, INC.

(Registrant)

 

Date: October 30, 2020     By:  

/s/ D. Michael Cockrell

      D. Michael Cockrell
      Treasurer, Chief Financial Officer and Chief Legal Officer
Sanderson Farms (NASDAQ:SAFM)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Sanderson Farms Charts.
Sanderson Farms (NASDAQ:SAFM)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Sanderson Farms Charts.