SMUCKER J M CO 8-K 2014
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): February 19, 2014
The J. M. Smucker Company
(Exact Name of Registrant as Specified in Its Charter)
Registrants telephone number, including area code: (330) 682-3000
(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 February 19, 2014, 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 5,000,000 common shares authorized for repurchase by the Companys Board of Directors in January 2013. 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 2,145,339 common shares since January 2013 and, therefore, the Company has remaining authorization to repurchase 2,854,661 common shares as of February 19, 2014. The Companys designated broker will have authority under the Plan to repurchase up to 2,850,000 of the remaining 2,854,661 common shares authorized for repurchase commencing on February 19, 2014 and expiring on August 19, 2014, 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: February 19, 2014