Current Report Filing (8-k)
May 12 2023 - 06:26AM
Edgar (US Regulatory)
false000167486200016748622023-05-112023-05-11
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
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Date of Report (Date of earliest event reported):
May 11, 2023
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ASHLAND INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware
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333-211719
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81-2587835
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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8145 Blazer Drive
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Wilmington,
Delaware
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19808
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including Area Code:
302
995-3000
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(Former Name or Former Address, if Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $.01 per share
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ASH
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The New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§ 230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 7.01 Regulation FD Disclosure.
On May 11, 2023, Ashland Inc. (“Ashland”) issued a press release
announcing the board of directors declared a quarterly cash
dividend of $0.385 cents per share on the company's common stock.
This represents a 15% increase from the previous quarter. The
dividend is payable on June 15, 2023, to shareholders of record at
the close of business on June 1, 2023.
In addition, Ashland announced that it intends to commence a new
10b5-1 trading plan agreement to repurchase up to $100 million of
its outstanding shares under its existing May 2022 evergreen share
repurchase authorization. The new 10b5-1 program is expected to be
completed during the June 2023 fiscal quarter.
A copy of the press release is being furnished to the Securities
and Exchange Commission (the "SEC") pursuant to this Item
7.01-Regulation FD Disclosure of Form 8-K and is attached hereto as
Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
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 thereunto duly authorized.
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Date:
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May 11, 2023
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By:
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/s/ J. Kevin Willis
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J. Kevin Willis
Senior Vice President and
Chief Financial Officer
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Ashland (NYSE:ASH)
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