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):
JANUARY 11, 2001
ALEXANDER & BALDWIN, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
HAWAII 0-565 99-0032630
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(STATE OR OTHER (COMMISSION (I.R.S. EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION NO.)
INCORPORATION)
822 BISHOP STREET, P. O. BOX 3440
HONOLULU, HAWAII 96801
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE AND ZIP CODE)
(808) 525-6611
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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Item 5. Other Events and Regulation FD Disclosure
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On January 11, 2001, Matson Navigation Company, Inc. ("Matson"), a wholly
owned subsidiary of Alexander & Baldwin, Inc., concluded a settlement with U.S.
Attorneys for the Central District of California, the Northern District of
California, and the Western District of Washington which arose out of an
investigation commenced in 1999 by the U.S. Attorney for the Central District
of California. Matson entered into a plea agreement that resolves for Matson
findings that between August 1996 and April 1998 certain crew members on a
Matson ship falsely stated in an engine room log book that oil-water separating
equipment was in operation while bilge water was being discharged overboard and
presented the log book containing false entries to the U.S. Coast Guard on six
separate occasions during inspections. Pursuant to the plea agreement, Matson
will pay fines totaling $3 million. The settlement, which will be reflected in
the consolidated financial statements of Alexander & Baldwin, Inc. for the
fiscal year ended December 31, 2000, will not have a material effect on
earnings.
<PAGE>
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: January 11, 2001
ALEXANDER & BALDWIN, INC.
By /s/ James S. Andrasick
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James S. Andrasick
Senior Vice President,
Chief Financial Officer
and Treasurer
