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DOW > SEC Filings for DOW > Form 8-K on 7-May-2013All Recent SEC Filings

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Form 8-K for DOW CHEMICAL CO /DE/


7-May-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibit


Item 1.01 Entry into a Material Definitive Agreement

On May 6, 2013, The Dow Chemical Company (the "Company") and Petrochemical Industries Company of Kuwait ("PIC") entered into a Deed providing for settlement and payment of the Company's claims against PIC under the K-Dow Arbitration.

On May 7, 2013, the Company confirmed receipt of cash payments in full of the amounts provided in the Deed totaling US$2,194,743,163. Such amounts represent the damages awarded in the arbitration proceedings by the International Chamber of Commerce, as well as recovery of the Company's costs, exclusive of interest.

In addition, the Company received assurances from Kuwait Petroleum Corporation the state-owned entity and sole shareholder of PIC that no retaliatory or punitive actions will be taken against the Company and its affiliates as a result of the Deed and payments.

On May 7, 2013, the Company issued a press release announcing the receipt of the funds set forth in the Deed. A copy of the press release is attached hereto as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Description

99.1 Press release issued by The Dow Chemical Company on May 7, 2013.


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