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UNITED STATES OF AMERICA
Securities and Eaohanc.e Commission
PLAINTIFF'S EXHIBIT
ATT EC fA I k j{ I
I HEREBY ATTEST
that:
Attached is a copy of, current report on Form 8-K, dated December 15, 2000, received in this Commission December 19, 2000, under the name Crown Cork & Seal Company, Inc., File No. 1-2227, pursuant to the provisions of the Securities Exchange Act of 19347
i file in this Commission
July 26, 2001
(Date)
Larry Mills
Records Officer It is hereby certified that the Associate Executive Director, Office of Filings and Information Services, IJ S Securities and Exchange Commission, Washington, D.C., which Commission was created by the Securities Ex change Act of 1934 (15 U.S C 78a et s-;g. i is official custodian of the records and files of said Commission, and dll records and tiles created or established by the Federal Trade Commission pursuant to ihe provisions of the Securities Act of 1933 and transferred to this Oommis non m accordance with Section 210 of the Securities Exchange Act of 1934 and was such official custodian at the time of executing the above attestation and that he/she, and persons holding the positions of Deputy Director, Associate Directors, Special Assistant to the Director Reconls uificer and the Branch Chief of Records Management, or any one ot them, me authorized to execute the above attestation.
SEC 334 (8-95)
Disclosure
Miking Information Matter"
CROWN CORK & SEAL CO INC
Filing Type: 8-K Description: N/A FilingDate: 12/15/00
Ticker: CCK Cusip: 228255 State: PA Country: US Primary SIC: 3411 Primary Exchange: NYS Billing Cross Reference: Date Printed: 07/19/2001
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CROWN CORK & SEAL CO INC - 8-K
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Document........................................................ Base................................................................ Cover Page...................................................... Other Events................................................... Financial Statements/Exhibits........................ List of Exhibits............................................... Signatures........................................................
Exhibits
Exhibits.................................................... Exhibit Index........................................... Additional Exhibits..................................
Filing Date: 12/15/00
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CROWN CORK <4 SEAL CO INC - 8-K
Filing Date: 12/19/00
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): December 15, 2000
Crown Cork & Seal Company, Inc. {Exact name of registrant as specified in its charter)
Pennsylvania
(State or other jurisdiction of incorporation)
1-2227
(Commission File Number
23-1526444
(I.R.S. Employer Identification No.)
One Crown Way, Philadelphia, PA (Address of principal executive offices)
19154-4599 (Zip Code)
Registrant's telephone number, including area code 215-690-5100
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crown CORK & SEAL CO INC - S-K Crown Cork & Seal Company, Inc.
Filing Date: 12/19/00
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CROIVN CORK & SEAL CO INC - S-K
Filing Date: 12/19/00
ITEM 5. OTHER EVENTS
On December 15, 2000, Crown Cork S Seal Company, Inc. issued a press release which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
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CROWN CORK & SEAL CO INC - 8-K
ITEM 7.
EXHIBITS.
Filing Dale: 12/19/00
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CROWN CORK & SEAL CO INC - 8-K
Exhibit Number 99.1
Description Press release dated December 15, 2000
Filing Date: 12/19/00
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CROWN CORK & SEAL CO INC - S-K Crown Cork & Seal Company, Inc.
Filing Date: 12/19/00
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 undersigned hereunto duly authorized.
CROWN CORK & SEAL COMPANY, INC.
Date: December 19, 2000
By: /s/ Thomas A. Kelly
Thomas A. Kelly Vice President and Corporate Controller
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CROWN CORK <4 SEAL CO INC - 8-K Crown Cork & Seal Company, Inc.
EXHIBIT INDEX
Exhibit Number 99.1
Description Press release dated December 15, 2000
Filing Date: 12/19100
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CROWN CORK & SEAL CO INC - 8-K Crown Cork s Seal Company, Inc.
Exhibit 99.1
FilingDate: 12/19/00
CROWN CORK S SEAL TO SUSPEND QUARTERLY
DIVIDEND TO FOCUS ON DEBT REDUCTION
Philadelphia, PA - December 15, 2000. Crown Cork & Seal Company, Inc. (NYSE & Paris Bourse: CCK) announced that its Board of Directors voted to suspend the Company's quarterly dividend on its common stock. The next scheduled dividend would have been payable in February 2001 to shareholders of record. The Company's quarterly dividend had been set at $0.25 per share, or an aggregate of approximately $126 million on an annualized basis. The Company intends to dedicate the cash which would have been used to pay dividends towards debt reduction.
John W. Conway, President stated, "As has been reported widely, companies with alleged asbestos liabilities have been hit hard in the financial markets in the wake of the recent bankruptcy filings. The Company has a strong cash flow and firmly believes it can manage its asbestos liabilities, however, it is clear that in the present circumstances the financial markets and rating agencies expect us to preserve our free cash. We believe the change in our dividend policy, which our Board will review periodically, should benefit the Company's shareholders by increasing liquidity and providing further financial flexibility.''
William J. Avery, Chairman and CEO stated that the Board made this decision after considerable deliberation, but recognized the current state of the financial markets and the importance to shareholders of an improved credit position. He added that as an additional indication of the Board's confidence many members have recently been purchasing company stock.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements.
Important factors that could cause the actual results of operations or financial
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1
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condition of the Company to differ include, without limitation, competitive
pressures affecting the Company, its customers and suppliers; the Company's
ability to generate significant free cash and maintain appropriate debt levels
and liquidity; cost reduction efforts and expected savings; the outcome of
asbestos-related litigation (including the level of future claims and terms of
settlements, and the impact of bankruptcy filings by other companies with
asbestos-related
liabilities,
which could
increase the
Company's
asbestos-related costs over time) and other litigation and contingencies;
changes in the availability and pricing of raw materials and the Company's
ability to pass price increases through to its customers; costs and difficulties
related to the integration of acquired businesses; the impact of any potential
dispositions or other strategic realignments; and changes or differences in U.S.
or international economic, monetary or political conditions. In addition, other
factors have been discussed under the caption 'Forward-Looking Statements' in
the Company's Form 10-K Annual Report for the year ended December 31, 1999 and
in subsequent filings. The company does not intend to review or revise any
particular forward-looking statement in light of future events.
Crown Cork s Seal is the leading marketing companies around the Philadelphia, Pennsylvania.
supplier of packaging products to consumer world. World headquarters are located in
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