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 (Date of earliest event reported) August 8, 2007
Seaboard Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-3390 04-2260388
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
9000 W. 67th Street, Shawnee Mission, Kansas 66202
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (913) 676-8800
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
On August 8, 2007, Registrant issued a press release announcing earnings
for the quarter ended June 30, 2007. The full text of this press release
is included as exhibit 99.1 and incorporated by reference in this Current
Report on Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information
furnished pursuant to Item 2.02 shall not be deemed to be "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), or otherwise subject to the liabilities of that
section, nor shall such information be deemed incorporated by reference in
any filing under the Securities Act or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing. The information
furnished pursuant to Item 2.02 shall not be deemed an admission as to the
materiality of any information in this report on Form 8-K that is required
to be disclosed solely to satisfy the requirements of Regulation FD.
Item 8.01. Other Events
On August 7, 2007, the Board of Directors authorized Seaboard to repurchase
from time to time prior to August 31, 2009 up to $50 million market value
of its Common Stock in open market or privately negotiated purchases. The
stock repurchase will be funded by cash on hand. Any shares repurchased
will be retired and shall resume status of authorized and unissued shares.
Any stock repurchases will be made in compliance with applicable legal
requirements and the timing of the repurchases and the number of shares to
be repurchased at any given time may depend on market conditions,
Securities and Exchange Commission regulations and other factors. The
Board's stock repurchase authorization does not obligate Seaboard to
acquire a specific amount of common stock and the stock repurchase program
may be modified or suspended at any time at Seaboard's discretion.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Registrant hereby furnishes the following exhibit pursuant to Item
2.02:
99.1 Press release of Seaboard Corporation dated August 8, 2007 announcing
earnings for the quarter ended June 30, 2007 and announcing
authorization for Seaboard to repurchase its Common Stock.
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SIGNATURE
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.
DATE: August 8, 2007
Seaboard Corporation
by: /s/ Robert L. Steer
Robert L. Steer, Senior Vice President,
Chief Financial Officer
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