- Current report filing (8-K)
December 17 2012 - 5:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 14, 2012
CARBO Ceramics Inc.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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001-15903
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72-1100013
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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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575 North Dairy Ashford, Suite 300
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Houston, Texas
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77079
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(Address of Principal Executive Offices)
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(Zip Code)
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(Registrants Telephone Number, Including Area Code) (281) 921-6400
Not Applicable
(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 (
see
General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement.
On December 14, 2012, CARBO Ceramics Inc., a Delaware corporation (the Company), entered into a Lease Agreement, dated as
of November 1, 2012 (the Lease), with the Development Authority of Jenkins County, Georgia. The Lease relates to the Companys proposed facility in the Millen, Georgia area, where the Company is moving forward with construction
of a ceramic proppant plant. The Lease covers the real property associated with the facility, as well as improvements and equipment placed at such facility by the Company (collectively, the Project).
The term of the Lease commenced on December 14, 2012 and terminates on December 31
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of the tenth year after the completion of the last phase of the
Project, as further described in the Lease. The Company is responsible for all costs incurred in connection with the leased property, including costs of construction of improvements and equipment. The Lease contains customary representations and
warranties, events of default and indemnities. The Company does not make any material payments of rent under the terms of the Lease.
The Company has the right to purchase the real property, improvements and equipment subject to the Lease at any time during the lease term for a nominal amount plus the payment of certain remaining rental
obligations. In addition, the Company may exercise such right to purchase after the termination of the Lease for a period of fifty (50) years.
The primary purpose of the Lease is to provide certain ad valorem tax incentives as permitted under Georgia law in connection with improvements and infrastructure that the Company constructs in connection
with the Project.
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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 hereunto duly authorized.
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CARBO CERAMICS INC.
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Date: December 17, 2012
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By:
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/s/ Ernesto Bautista III
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Ernesto Bautista III
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Vice President and
Chief
Financial Officer
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