0001628280-15-004617.txt : 20150601 0001628280-15-004617.hdr.sgml : 20150601 20150601170209 ACCESSION NUMBER: 0001628280-15-004617 CONFORMED SUBMISSION TYPE: SD PUBLIC DOCUMENT COUNT: 2 13p-1 1.01 20141231 1.02 20141231 FILED AS OF DATE: 20150601 DATE AS OF CHANGE: 20150601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CRANE CO /DE/ CENTRAL INDEX KEY: 0000025445 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 131952290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SD SEC ACT: 1934 Act SEC FILE NUMBER: 001-01657 FILM NUMBER: 15904211 BUSINESS ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-363-7300 MAIL ADDRESS: STREET 1: CRANE CO. STREET 2: 100 FIRST STAMFORD PLACE CITY: STAMFORD STATE: CT ZIP: 06902 SD 1 craneconflictmineralsforms.htm SD CraneConflictMineralsFormSD2014


 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

    

FORM SD
    


SPECIALIZED DISCLOSURE REPORT
 


CRANE CO.
(Exact name of registrant as specified in its charter)
 



 
 
 
 
Delaware
1-1657
13-1952290
(State or other jurisdiction of
incorporation or organization)
Commission File Number

(I.R.S. Employer
Identification No.)
100 First Stamford Place, Stamford, CT
(Address of principal executive offices)

Registrant’s telephone number, including area code: 203-363-7300
 


Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:


x
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2014.








Section 1 – CONFLICT MINERALS DISCLOSURE


Item 1.01
CONFLICT MINERALS DISCLOSURE AND REPORT



Conflict Minerals Disclosures:

The Conflict Minerals Report for the calendar year ended December 31, 2014 is included as Exhibit 1.01 and may be found on our website at:

craneco.com/2014conflict_minerals/report



Item 1.02    EXHIBIT

The Conflict Minerals Report required by Items 1.01 and 1.02 is filed as Exhibit 1.01 to this Form SD.


Section 2 - EXHIBITS

Item 2.01    EXHIBITS

Exhibit 1.01 - Conflict Minerals Report as required by Items 1.01 and 1.02 of Form SD.









SIGNATURE

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 duly authorized undersigned.

June 1, 2015
 
CRANE CO.
 
(Registrant)
 
 
 
  
  
 
By: /s/ Curtis A. Baron Jr.
 
Curtis A. Baron Jr.
Vice President, Controller




EX-1.01 2 ex_101xconflictmineralsrep.htm EXHIBIT 1.01 EX_1.01_ConflictMineralsReport 2014


Exhibit 1.01
Conflict Minerals Report

Definitions

Unless the context otherwise requires, references to “we,” “us,” “our,” or “the Company” mean Crane Co.


Conflict minerals:
Columbite-tantalite (coltan), cassiterite, gold, wolframite or their derivatives, which are limited to gold, tantalum, tin, and tungsten

Dodd-Frank Act:

DRC:

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

The Democratic Republic of Congo
OECD:
Organization for Economic Cooperation and Development

EICC-GeSI:
the Electronic Industry Citizenship Coalition (EICC) and Global e-Sustainability
Initiative (GeSI)

RCOI
Reasonable country of origin inquiry

Applying the relevant provisions of the Dodd-Frank Act to Crane Co.

The final conflict minerals rules adopted by the Securities and Exchange Commission (the “SEC”) require a three-step compliance approach. The first step is determining applicability of the conflict minerals rules to Crane Co.; the second step is a RCOI to determine whether we have reason to believe that conflict minerals from the DRC or adjoining countries are present in our products; and the third step (referred to as “due diligence” in the SEC rules) is to determine the source and origin of any such conflict minerals and the facilities in which they were processed.

Crane Co. Businesses Potentially Subject to Due Diligence

We are a diversified manufacturer of highly engineered industrial products. Our primary markets are aerospace, defense electronics, non-residential construction, recreational vehicle, transportation, automated payment and merchandising, chemical, pharmaceutical, oil, gas, power, nuclear, building services and utilities. As a diversified manufacturer of highly engineered industrial products, Crane Co. is several tiers removed from mining operations and smelters or refiners (SORs) and has no visibility into the supply chain beyond our direct suppliers. The Company cannot exclude the possibility that at least a portion of its necessary conflict minerals may have originated in the DRC or adjoining countries, and that they may not be from recycled or scrap sources. For that reason, we have included a Conflict Minerals Report as an Exhibit to our Form SD filed with the SEC for 2014.

The purpose of this report is to explain the steps that we have performed to comply with the Dodd-Frank Act and related regulations, as they pertain to conflict minerals. Our first step has consisted of making inquiries to our suppliers to determine whether conflict minerals are present within the products that they sell to us. As conflict minerals are often necessary for the functionality of the electronic components and certain machined metal components we purchase from our first tier suppliers as subcomponents of our manufactured products, we have determined it necessary to simultaneously begin the second compliance step.








Reasonable Country of Origin Inquiry (RCOI)

We have conducted an analysis of our products and found that the conflict minerals tin, tantalum, tungsten, and gold, can be found in multiple Crane Co. products.    Therefore, we have conducted a RCOI by having each Crane business group conduct a survey of its largest vendors whose products are likely to contain conflict minerals.  We have used the Conflict Free Sourcing Initiative’s (CFSI) Conflict Minerals Reporting Template (CMRT), which includes standard supply chain survey and information tracking methods to determine if our manufactured products contain conflict minerals necessary to their functionality or production. Using this template, we:
Identified our businesses that manufactured or contracted to manufacture products in 2014
Determined that many of our manufactured products could contain conflict minerals
Identified the vendors of raw materials or components that we used to manufacture our products.


Due Diligence Framework and Resources:

Our due diligence process was designed in conformance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High Risk Areas (Second Edition).


Due Diligence Steps Performed:

Established a process for complying with the applicable rules.
Developed a Conflict Minerals working group comprised of relevant functions and subject matter experts.
Surveyed 134 vendors, representing greater than 78% of our total likely conflict minerals spend, using the CMRT standardized conflict minerals reporting template.
Requested that vendors report to us (i) any conflict minerals present in the raw materials or components they supplied to us, and (ii) their conflict minerals due diligence processes.
Compiled and analyzed vendor responses.
Conducted follow-up with non-responsive vendors or those whose responses required additional information or clarification. We received responses from 99.3% of the vendors surveyed.
Set forth a documentation and record maintenance mechanism to ensure the retention of relevant documentation in a structured electronic database.