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| ROC > SEC Filings for ROC > Form 8-K on 10-Jan-2013 | All Recent SEC Filings |
10-Jan-2013
Change in Directors or Principal Officers, Regulation FD Disclosure, Fina
In connection with Kohlberg Kravis Roberts & Co. L.P's sale of substantially all of its remaining equity investment in Rockwood Holdings, Inc. (the "Company"), Todd A. Fisher and Brian F. Carroll resigned from the Board of Directors of the Company (the "Board") on January 8, 2013, effective immediately. In accepting the resignations, the Board of Directors reduced the size of the Board to five members.
On January 10, 2013, the Company announced that the Board has authorized the Company to repurchase shares of Rockwood common stock up to an aggregate of $400.0 million. The Company intends to effectuate these repurchases in 2013.
Repurchases under the program may be made through one or more open market transactions, unsolicited or solicited privately negotiated transactions, accelerated share repurchase programs or other derivative transactions, self tender offers, or through any combination of the foregoing, or in such other manner as determined by the Company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors. The share repurchase program may be extended, suspended or discontinued at any time without notice.
A press release announcing the repurchase program is furnished herewith as Exhibit 99.2 to this Current Report on Form 8-K.
The information set forth in this Current Report on Form 8-K contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to Rockwood's share repurchase program or the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's periodic reports on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated January 10, 2013, announcing the resignation of
Todd A. Fisher and Brian F. Carroll (filed herewith)
99.2 Press Release dated January 10, 2013, announcing the Company's
share repurchase program (furnished herewith)
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