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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) August 26, 1996
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THE GEON COMPANY
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(Exact name of registrant as specified in charter)
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Delaware 1-11804 34-1730488
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
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One Geon Center, Avon Lake, Ohio 44012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 216-930-1241
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
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Recently, The BFGoodrich Company ("BFG") announced that Westlake Monomers
Corporation exercised its right to terminate an agreement to purchase BFG's
Calvert Facilities at Calvert City, Kentucky. Westlake's decision not to
purchase the facilities has the effect of terminating all of its claims against
The Geon Company in the lawsuit brought against the Company and BFG. As
previously reported by the Company in its 1995 annual report, had BFG sold the
Calvert Facilities to Westlake, the Company's obligations under the Put
Agreement, whereby BFG has the right to require the Company to purchase its
Calvert Facilities between April 1, 2000 and March 31, 2003, at the then fair
market value determined by an independent appraisal would have lapsed.
Consequently, BFG's rights under the Put Agreement remain in effect in
accordance with the terms of the Put Agreement.
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.
THE GEON COMPANY
By /s/Gregory L. Rutman
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Gregory L. Rutman
Secretary
Dated August 26, 1996
