Current Report Filing (8-k)
March 12 2020 - 3:22PM
Edgar (US Regulatory)
false0001321646
0001321646
2020-03-06
2020-03-06
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
Date of Report (Date of earliest event reported): March 6, 2020
Commission File Number
001-34581
Kraton Corporation
(Exact name of registrant as specified in its charter)
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Delaware
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20-0411521
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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15710 John F. Kennedy Blvd., Suite 300
Houston, TX 77032
(Address of principal executive offices, including zip code)
281-504-4700
(Registrant’s telephone number, including area code)
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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☐
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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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☐
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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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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ☐
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol
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Name of exchange on which registered
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Common Stock, par value $0.01
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KRA
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New York Stock Exchange
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Item 2.01. Completion of Acquisition or Disposition of Assets.
On March 6, 2020, Kraton Corporation (“Kraton”), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, completed the previously announced sale of its Cariflex™ business to Daelim Industrial Co, Ltd. for gross proceeds of $530.0 million in cash. The final purchase price remains subject to a customary post-closing working capital adjustment.
On March 6, 2020, Kraton issued the press release attached hereto as Exhibit 99.1 announcing the closing of the Cariflex sale, which is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
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(b)
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Pro Forma Financial Information.
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The pro forma financial information required pursuant to Article 11 of Regulation S-X is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
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Exhibit No
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Description of Exhibits
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Press Release dated March 6, 2020
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Unaudited Pro Forma Consolidated Financial Statements of Kraton Corporation
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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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KRATON CORPORATION
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Date:
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March 12, 2020
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/s/ Atanas H. Atanasov
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Atanas H. Atanasov
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Senior Vice President, Chief Financial Officer, and Treasurer
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