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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 Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 1999
THE LUBRIZOL CORPORATION
(Exact name of registrant as specified in its charter)
OHIO 1-5263 34-0367600
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
29400 Lakeland Boulevard
Wickliffe, OH 44092-2298
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (440) 943-4200
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On March 31, 1999, The Lubrizol Corporation and Exxon Corporation announced the
settlement of all intellectual property litigation between the two companies and
their affiliates, except for litigation in Canada. The foregoing description is
qualified in its entirety by reference to Lubrizol's press release of Lubrizol
and Exxon dated March 31, 1999, a copy of which is attached as Exhibit 99 hereto
and incorporated by reference herein in its entirety.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 Lubrizol's press release dated March 31, 1999.
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, hereunto duly authorized.
THE LUBRIZOL CORPORATION
By: /s/ Gregory P. Lieb
Gregory P. Lieb
Chief Accounting Officer and
Duly Authorized Signatory of
The Lubrizol Corporation
Date: April 1, 1999
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EXHIBIT INDEX
Exhibit No.
99 Lubrizol's press release dated March 31, 1999.
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Exhibit 99
Immediately
THE LUBRIZOL CORPORATION EXXON CHEMICAL COMPANY
K. H. Hopping Vin Hoey
(440) 943-1200, ext. 5253 (281) 870-6221
LUBRIZOL AND EXXON ANNOUNCE PATENT SETTLEMENT
CLEVELAND, Ohio, March 31, 1999 . . . The Lubrizol Corporation and Exxon
Corporation today announced the settlement of all intellectual property
litigation between the two companies and their affiliates, except for litigation
in Canada. The confidential agreement includes cross-rights under certain
patents and includes alternatives to litigation for resolution of patent
disputes in the future.
Under the agreement, neither party admitted any liability. For
consideration of the rights granted under the agreement, Lubrizol will receive a
payment of $16.8 million from Exxon.
The Infineum joint venture, a worldwide supplier of lubricant and fuel
additives recently formed by Exxon and Shell, is party to the agreement.
Lubrizol's Chairman, Chief Executive Officer and President, W. G.
Bares, said, "We are pleased to have this opportunity to normalize our business
relationship with Exxon. We value Exxon as a customer and supplier."
"Exxon also welcomes the settlement," said Dan S. Sanders, President of
Exxon Chemical Company. "We are pleased to conclude this lengthy and costly
litigation."
The Lubrizol Corporation is a worldwide supplier of performance
chemicals and systems for lubricants, fuels and other specialty markets.
Exxon Chemical Company is a division of Exxon Corporation.
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