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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
September 1, 1995
FMC CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-2376 94-0479804
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
200 East Randolph Drive, Chicago, Illinois 60601
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(address of principal executive offices) (Zip Code)
(312) 861-6000
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(Registrant's telephone number, including area code)
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Item 5. Other Events
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On September 1, 1995 FMC Corporation issued the following release:
FMC TO RECORD SPECIAL INCOME AND EXPENSE ITEMS
CHICAGO, September 1, 1995 -- FMC Corporation today announced that it will
record special income and expense items in the third quarter 1995. In total,
these items will not have a significant impact on third quarter results.
During the quarter, as part of its on-going assessment of sites with known
environmental issues, the company will increase its environmental reserves by
approximately $50 million after-tax. Because spending is expected to extend over
a long period of time, the annual impact on cash flows will not be material.
Meanwhile, FMC continues to be successful in recovering environmental clean-up
costs from its comprehensive general liability insurance carriers and other
responsible parties.
In addition, FMC also expects to take reserves in the quarter covering the
shift in lithium-based production expected in 1997 as the company starts up its
new, low-cost, high-quality mineral resource in Argentina. FMC also will write
off the value assigned to in-process research and development activity at its
recently acquired Moorco International businesses. In total, these charges will
be approximately $45 million after-tax.
As previously announced, early in the third quarter FMC completed the sale
of 20 percent of its soda ash business to Sumitomo Corporation and Nippon Sheet
Glass Co., Ltd., for an after-tax gain of $100 million.
FMC Corporation is one of the world's leading producers of chemicals and
machinery for industry, government and agriculture. The Chicago-based company
reported annual sales of $4 billion in 1994, with international sales to more
than 100 countries accounting for 49 percent of total annual revenues. FMC
employs 21,000 people in 97 manufacturing facilities and mines in 21 countries.
The company divides its businesses into five major segments: Performance
Chemicals, Industrial Chemicals, Machinery and Equipment, Defense Systems and
Precious Metals.
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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 hereunto duly authorized.
FMC Corporation
Registrant
Date: September 1, 1995 By: Robert L. Day
Title: Secretary
