SMUCKER J M CO 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 22, 2010
The J. M. Smucker Company
(Exact Name of Registrant as Specified in Its Charter)
(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:
On November 22, 2010, The J. M. Smucker Company (the Company) entered into a share repurchase plan (the Plan) established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the Exchange Act), in connection with the 10 million common shares authorized for repurchase by the Companys Board of Directors since August 2004. A Rule 10b5-1 plan allows a company to repurchase its shares at times when it otherwise might be unable to do so under the Exchange Acts insider trading rules or during self-imposed trading blackout periods.
The Plan will facilitate purchases of the Companys common shares under its authorized share repurchase program. Under the repurchase program, the Company has repurchased a total of 6,255,778 common shares since November 2004 and, therefore, the Company has remaining authorization to repurchase 3,744,222 common shares as of November 22, 2010. The Companys designated broker will have authority under the Plan to repurchase the Companys common shares commencing on November 22, 2010 and expiring on April 30, 2011, unless terminated earlier in accordance with the terms of the Plan. Repurchases under the Plan will be subject to specified parameters and certain price and volume restraints as established in the Plan. Therefore, there is no guarantee as to the exact number of common shares that will be repurchased or that there will be any repurchases at all pursuant to the Plan. Any repurchased shares will be held in treasury.
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.
Date: November 22, 2010