UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): DECEMBER 12, 2003
STERLING CHEMICALS, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 000-50132 76-0502785
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
1200 SMITH STREET, SUITE 1900
HOUSTON, TEXAS 77002-4312
(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including area code: (713) 650-3700
NOT APPLICABLE
(Former name or former address, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
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On December 12, 2003, Sterling Chemicals, Inc., a Delaware
corporation (the "Company"), issued a press release announcing that it had
settled its disputes with Monsanto Company ("Monsanto") pending in the
Bankruptcy Court for the Company's prior bankruptcy proceedings. The settlement,
which is subject to the approval of the Bankruptcy Court and the final approval
of the parties, contemplates the extension of the existing business agreements
between the Company and Monsanto and the restart of Monsanto's DSIDA production
facilities located at the Company's facilities in Texas City, Texas on or before
July of 2007. Filed herewith is a copy of such press release.
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 cost competitiveness and efficiency of
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 the Company's overall business and financial performance can be
found in the Company's filings with the Securities and Exchange Commission,
including the Company'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, the Company'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 the Company'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 the
Company undertakes no obligation to publicly update or revise any
forward-looking statements.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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(c) Exhibits.
Exhibit number Description
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99.1 Press release of December 12, 2003
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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: December 12, 2003
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EXHIBIT INDEX
Exhibit number Description
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99.1 Press release of December 12, 2003
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