- Current report filing (8-K)
November 04 2010 - 3:14PM
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
:
November 4,
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 (Company) announced to its shareholders in a letter dated
November 4, 2010, that the final actual average gross beet payment for the
2009 crop was $52.87 per ton and that the Board of Directors has approved a
unit retain of $3.00 per ton for the 2009 crop resulting in a final actual
average net beet payment per ton of $49.87.
The Company also stated that the forecasted average gross beet payment
for the 2010 crop of sugarbeets is currently projected at $57.00 per ton. The actual gross beet payment for the 2010
crop will necessarily differ from the current estimate to reflect final company
operations and selling prices for the Companys products during fiscal year
2011.
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 2010. 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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November 4,
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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