- Current report filing (8-K)
October 08 2010 - 2:38PM
Edgar (US Regulatory)
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
:
October 8,
2010
AMERICAN CRYSTAL SUGAR COMPANY
(Exact name of registrant as specified in its charter)
Minnesota
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33-83868; 333-11693; and
333-32251
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84-0004720
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(State or other jurisdiction of
Incorporation)
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(Commission)
File Number)
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(I.R.S. Employer
Identification No.)
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101 NORTH THIRD STREET
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MOORHEAD, MN 56560
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(218) 236-4400
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(Address of principal executive
offices)
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(Registrants telephone number)
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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:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 7.01 Regulation
FD Disclosure
American
Crystal Sugar Company (the Company) announced to its shareholders in a letter
dated October 8, 2010, that the projected gross beet payment for the 2009
crop is currently estimated at $52.87 per ton of average sugarbeets. The letter also states that the Board of
Directors has approved a $3.00 per ton unit retain resulting in a projected
average net beet payment per ton of $49.87.
The final gross and net beet payments for the 2009 crop will not be
determined until the Companys annual financial statements are completed and
accepted by the Board of Directors on November 3, 2010.
The
Company also announced that it is currently anticipating that the Company
shareholders will be authorized to plant approximately 80% to 85% of stock
acres in 2011. The Board of Directors
retains the authority to adjust planting levels up or down depending on
circumstances that develop throughout the year.
This report contains forward-looking statements and
information based upon assumptions by the Companys management. These
forward-looking statements can be identified by the use of forward-looking
terminology such as expects, believes, will or similar verbs or
expressions. If any of managements assumptions prove incorrect or should
unanticipated circumstances arise, the Companys actual results could
materially differ from those anticipated by such forward-looking
statements. The differences could be caused by a number of factors or
combination of factors, including, but not limited to, those factors
influencing the Company and its business which are described in Risk
Factors section contained in the Companys Annual Report on Form 10-K for
fiscal year 2009. Readers are urged to consider these factors when
evaluating any forward-looking statement. The Company undertakes no
obligation to update any forward-looking statements in this report to reflect
future events or developments.
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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AMERICAN CRYSTAL SUGAR COMPANY
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Dated:
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October 8,
2010
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/s/ Teresa Warne
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By:
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Teresa
Warne
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Its:
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Chief
Accounting Officer
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2
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