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Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
Date of report (date of earliest event reported): June 15, 1999
GREAT LAKES CHEMICAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-6450 95-1765035
(Commission File Number) (I.R.S. Employer Identification No.)
500 East 96th Street, Suite 500
Indianapolis, Indiana 46240
(Address of principal executive offices, including zip code)
(317) 715-3000
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On June 15, 1999, we announced that we have been cooperating since the
spring of 1998 with the U.S. Department of Justice and the European Commission
in their respective investigations of the bromine and brominated products
industry. Both investigations were initiated after we self-reported to those
agencies certain business practices that raised questions under antitrust laws.
As a result of our cooperation, Great Lakes and its current directors
and employees have been accepted into the Department of Justice's amnesty
program. As such, we will be exempt from United States federal criminal
prosecution and fines relating to the practices in question if we comply with
certain conditions, including our continued full cooperation with the DOJ's
investigation and policy requiring all reasonable remedial efforts. We believe
we have fully complied with all applicable conditions to date and intend to
continue full compliance. Concurrently, we are seeking favorable treatment under
a program in the European Community that also rewards self-reporting and
cooperation. Participation in these amnesty programs, does not, however, provide
us with immunity from civil liability, including restitution claims. On July 1,
1999, a civil lawsuit was filed against Great Lakes in the U.S. District Court
for the Western District of Arkansas claiming, among other things, that Great
Lakes conspired with others in violation of the antitrust laws regarding the
pricing of bromine and brominated products. The lawsuit purports to be a class
action on behalf of United States purchasers of such products and seeks treble
damages.
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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.
GREAT LAKES CHEMICAL CORPORATION
DATE: July 7, 1999 By: /s/ Mark E. Tomkins
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Name: Mark T. Tomkins
Title: Senior Vice President and
Chief Financial Officer
