UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 14, 2005
STERLING CHEMICALS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
000-50132 76-0502785
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(Commission File Number) (IRS Employer Identification No.)
333 CLAY STREET, SUITE 3600
HOUSTON, TEXAS 77002-4109
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(Address of Principal Executive Offices and Zip Code)
(713) 650-3700
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 7.01 REGULATION FD DISCLOSURE
On March 14, 2005, Sterling Chemicals, Inc., a Delaware corporation
("Sterling"), issued a press release announcing Sterling's continued evaluation
of its options with respect to its acrylonitrile and related derivative
businesses and its current focus on two options in particular. Filed herewith is
a copy of such press release.
This information is furnished pursuant to Item 7.01 of Form 8-K and
shall not be deemed to be "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section, unless we specifically incorporate it by reference
in a document filed under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended. By filing this report on Form 8-K
and furnishing this information, we make no admission as to the materiality of
any information in this report that is required to be disclosed solely by reason
of Regulation FD.
Statements in this report that contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, include, but are
not limited to, statements concerning the Company's ability to secure adequate
supplies of propylene, the amount of expected capital costs associated with
various alternatives, the amount of expected closure costs, the amount of costs
absorbed by the Company's other businesses in the event of a permanent closure
of the Company's acrylonitrile facilities and related derivative units and, in
the event of a permanent closure of these facilities, the ability of the Company
to use the space and infrastructure that is currently associated with the
acrylonitrile and derivate operations. Such statements are inherently subject to
a variety of risks and uncertainties that could cause actual results to differ
materially from those anticipated or projected. A discussion of the risk factors
that could impact these areas and Sterling's overall business and financial
performance can be found in Sterling's filings with the Securities and Exchange
Commission, including Sterling's Annual Report on Form 10-K. These factors
include, among others, the timing and extent of changes in commodity prices, the
cyclicality of the petrochemicals industry, petrochemicals industry production
capacity and operating rates, market conditions in the petrochemicals industry,
competition, changes in global economic and business conditions, increases in
raw materials costs, Sterling's ability to obtain raw materials and energy at
acceptable prices, in a timely manner and on acceptable terms, regulatory
initiatives and compliance with governmental regulations, compliance with
environmental laws and regulations, customer preferences and various other
matters, many of which are beyond Sterling's control. Given these concerns,
investors and analysts should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the date of this
report, and Sterling undertakes no obligation to publicly update or revise any
forward-looking statements.
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ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit Number Description
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99.1 Press release of March 14, 2005
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
STERLING CHEMICALS, INC.
By: /s/ Richard K. Crump
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Richard K. Crump
President and Chief Executive Officer
Dated: March 14, 2005
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release of March 14, 2005
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