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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-K/A
Amendment
No. 1
(Mark
One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1999
OR
[_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number 1-4462
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STEPAN COMPANY
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C>
Delaware 36-1823834
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
Edens and Winnetka Road, 60093
Northfield, Illinois (Zip Code)
(Address of principal executive offices)
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Registrant's telephone number including area code: 847-446-7500
Securities registered pursuant to Section 12 (b) of the Act:
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<CAPTION>
Name of Each Exchange
Title of Each Class on Which Registered
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<S> <C>
Common Stock, $1 par value New York Stock Exchange
Chicago Stock Exchange
5 1/2% Convertible Preferred Stock, no par New York Stock Exchange
value Chicago Stock Exchange
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Securities registered pursuant to Section 12 (g) of the Act:
None
(Title of Class)
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in part III of this Form 10-K or any
amendment to this Form 10-K. [ ].
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months, and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
Aggregate market value at February 29, 2000, of voting stock held by
nonaffiliates of the registrant: $128,040,000*
Number of shares outstanding of each of the issuer's classes of common
stock as of February 29, 2000:
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<CAPTION>
Class Outstanding at February 29, 2000
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<S> <C>
Common Stock, $1 par value 9,516,863
</TABLE>
Documents Incorporated by Reference
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<CAPTION>
Part of Form 10-K Document Incorporated
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<S> <C>
Part I, Item 1 1999 Annual Report to Stockholders
Part II, Items 5-8 1999 Annual Report to Stockholders
Part III, Items 10-12 Proxy Statement dated March 30, 2000
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*Based on reported ownership by all directors, officers and beneficial
owners of more than 5% of registrant's voting stock. However, this
determination does not constitute an admission of affiliate status for any of
these holders.
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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.
STEPAN COMPANY
/s/ Walter J. Klein
Walter J. Klein
Vice President--Finance
Principal Financial and Accounting Officer
Date: March 31, 2000
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<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
BALANCE SHEET AS OF DECEMBER 31, 1999 AND CONSOLIDATED STATEMENT OF INCOME FOR
THE TWELVE MONTHS THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<CASH> 3,969
<SECURITIES> 0
<RECEIVABLES> 99,478
<ALLOWANCES> 2,389
<INVENTORY> 51,849
<CURRENT-ASSETS> 166,660
<PP&E> 596,904
<DEPRECIATION> 387,423
<TOTAL-ASSETS> 414,576
<CURRENT-LIABILITIES> 98,045
<BONDS> 0
0
19,575
<COMMON> 9,685
<OTHER-SE> 125,804
<TOTAL-LIABILITY-AND-EQUITY> 414,576
<SALES> 666,784
<TOTAL-REVENUES> 666,784
<CGS> 545,839
<TOTAL-COSTS> 625,006
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 8,376
<INCOME-PRETAX> 34,829
<INCOME-TAX> 12,700
<INCOME-CONTINUING> 22,129
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 22,129
<EPS-BASIC> 2.22
<EPS-DILUTED> 2.08
</TABLE>
