-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E9R2SswFCUOedITvlcgkFkM6FlSFjPW/lzHcsUdYFxSaj9v1joVJPocunAhvTX2i cCetpmFrXzSnSn7E3JNUkQ== 0000950144-02-001551.txt : 20020414 0000950144-02-001551.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950144-02-001551 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020211 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTMAN CHEMICAL CO CENTRAL INDEX KEY: 0000915389 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 621539359 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12626 FILM NUMBER: 02549786 BUSINESS ADDRESS: STREET 1: PO BOX 511 STREET 2: 100 N EASTMAN ROAD CITY: KINGSPORT STATE: TN ZIP: 37660 BUSINESS PHONE: 4232292000 MAIL ADDRESS: STREET 1: P O BOX BOX 511 B-54D CITY: KINGSPORT STATE: TN ZIP: 37662 8-K 1 g74186e8-k.txt EASTMAN CHEMICAL COMPANY 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): February 11, 2002 EASTMAN CHEMICAL COMPANY ------------------------ (Exact name of registrant as specified in its charter) Delaware 1-12626 62-1539359 - ---------------------------- ----------- ------------------- (State or other jurisdiction (Commission (IRS employer of incorporation) File Number) Identification No.) 100 N. Eastman Road, Kingsport, Tennessee 37660 - ----------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (423) 229-2000 ITEM 5. OTHER EVENTS. On February 11, 2002, Eastman Chemical Company (the "Company") issued a press release announcing that the Company has canceled its previously announced plan to spin off its specialty chemicals and plastics business. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 7(c) - Exhibits 99.1 Press Release by Eastman Chemical Company, dated February 11, 2002. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EASTMAN CHEMICAL COMPANY By: /s/ Theresa K. Lee ------------------------------- Name: Theresa K. Lee Title: Secretary and General Counsel Date: February 14, 2002 EXHIBIT INDEX
EXHIBIT NUMBER EXHIBIT 99.1 Press Release by Eastman Chemical Company, dated February 11, 2002.
EX-99.1 3 g74186ex99-1.txt PRESS RELEASE BY EASTMAN CHEMICAL DATED 2-11-02 EXHIBIT 99.1 EASTMAN CANCELS PROPOSED SPIN-OFF, CONTINUES TO OPERATE UNDER DIVISIONAL STRUCTURE KINGSPORT, Tenn.--(BUSINESS WIRE)--February 11, 2002--Eastman Chemical Company (NYSE:EMN - news) announced today that it is canceling its previously announced plan to spin off its specialty chemicals and plastics business. The company announced its plan for the spin-off in February 2001. Eastman announced Nov. 20 that the planned spin-off would be delayed due to adverse market conditions and the lack of near-term visibility. J. Brian Ferguson, Eastman's chairman and CEO, said the company will continue to operate under the divisional structure put in place at the first of this year. "Our commitment to maximize value for our shareowners has not changed, especially in these challenging times for our industry and economy," Ferguson said. "The intent of the spin-off was to separate our businesses so that each could set its own course for growth, resource allocation and strategies. The work we did internally to separate the businesses last year has allowed us to set up a divisional structure that does just that, without splitting into two publicly-traded companies. "This structure allows us to focus on being a low-cost producer of market-leading products in the Voridian division, while concentrating on developing new products and services in the rest of Eastman Chemical Company," Ferguson said. Under this structure, the Voridian Division contains Eastman's Polymers Segment, which includes PET polymers and polyethylene products, and the Fibers Segment. Eastman's Coatings, Adhesives, Specialty Polymers and Inks Segment, the Specialty Plastics Segment and the Performance Chemicals and Intermediates Segment, as well as the company's strategic initiatives in less capital intensive businesses, will comprise the rest of Eastman Chemical Company. With headquarters in Kingsport, Eastman manufactures and markets chemicals, fibers and plastics. The company has approximately 15,800 employees in more than 30 countries. For more information about Eastman and its products, visit www.eastman.com. Contact: Eastman Chemical Company, Kingsport Media Relations: Nancy Ledford, 423/229-5264 nledford@eastman.com or Investor Relations: Patricia Godsey, 423/229-5503 phgodsey@eastman.com or Jeffery Taylor, 423/229-4851 jltaylor@eastman.com -----END PRIVACY-ENHANCED MESSAGE-----