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)
April 26, 2000
UNION CARBIDE CORPORATION
(Exact name of registrant as specified in its charter)
New York 1-1463 13-1421730
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
39 Old Ridgebury Rd, Danbury, CT 06817-0001
(Address of principal executive offices) (Zip code)
Registrant's telephone number,
including area code 203-794-2000
Total number of sequentially numbered pages in this filing,
including exhibits thereto: 5
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Item 5. OTHER EVENTS.
See Union Carbide Corporation's press release dated
April 26, 2000 accompanying this report as Exhibit 99.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) Exhibits.
99. Press release, April 26, 2000.
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<PAGE>
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.
Date: April 26, 2000
UNION CARBIDE CORPORATION
/s/J. Macdonald
J. Macdonald
Assistant Secretary
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<PAGE>
EXHIBIT INDEX
Exhibits
99. Press release, dated April 26, 2000.
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<PAGE>
Union Carbide
News Release
CONTACT: Sean S. Clancy
(203) 794-6976
UNION CARBIDE REPORTS IMPROVED FIRST QUARTER EARNINGS
DANBURY, Conn., April 26 -- Union Carbide Corporation (UCC) today
reported first quarter 2000 earnings of $0.71 per diluted common share,
compared to $0.68 in the fourth quarter of 1999 and $0.56 in the same
period of 1999, before the cumulative effect of a change in accounting
principle. Net income for the quarter totaled $97 million, compared to
$94 million in last year's fourth quarter and $77 million for the same
period a year ago, before the cumulative effect of a change in
accounting principle.
"Our financial performance in the quarter reflected lower Basic
Chemicals and Polymers (BC&P) earnings, offset by actuarial changes in
our pension plan and by the absence of an environmental accrual related
to a discontinued business that unfavorably impacted the fourth quarter
of 1999," said Dr. William H. Joyce, Carbide's Chairman and Chief
Executive Officer. "Price increases were achieved in both business
segments, but were insufficient to offset the rise in raw material
costs. Performance by our equity companies remained strong."
Carbide said it would issue a full earnings report on May 1, 2000.
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2000
P3-01-007
