UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  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) November 8, 2018

Seaboard Corporation

(Exact name of registrant as specified in its charter)

 

 Registrant’s telephone number, including area code    (913) 676-8800

Not Applicable

(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:

[ ]  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))

Indicate by check mark whether the registrant is an emerging grown company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 8.01 Other Events

On November 8, 2018, the Registrant issued a press release announcing that it had reached a settlement agreement concluding an investigation by the Immigration and Customs Enforcement and the State of Oklahoma’s Office of the Attorney General. The full text of this press release is included as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits

(d)   Exhibits

99.1 Press Release of Seaboard Corporation dated November 8, 2018, announcing a settlement agreement was reached.

 

 

 

 

SIGNATURE

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.

 

 

News Release

Seaboard reaches settlement agreement

MERRIAM, Kan. (Nov.  8, 2018) — Seaboard Corporation and two of its subsidiaries, Seaboard Foods LLC and Seaboard Foods Services Inc., announced today that they have entered into a civil settlement agreement with the U.S. Department of Homeland Security, Immigration and Customs Enforcement (“ICE”) and the State of Oklahoma’s Office of the Attorney General. The civil settlement concludes an investigation by ICE relating to alleged I-9 paperwork errors and hiring and employment practices by the company’s pork production plant in Guymon, Okla., during the time period between 2007 and 2012.

The civil settlement also concludes an investigation as to whether the Oklahoma Medicaid Program covered certain healthcare claims for individuals enrolled in a private health insurance plan provided by Seaboard. There were no criminal charges or court rulings against the Company.

Seaboard cooperated fully with the government and agreed to pay $1,006,000 to resolve the matter.  The settlement acknowledges that Seaboard denies each and every allegation of wrongdoing and explicitly reflects that the settlement is not an admission of liability by Seaboard.

“Our company demands adherence to all laws, rules and regulations everywhere we operate, and we take our compliance obligations seriously,” said Darwin Sand, president and CEO of Seaboard Foods. “In the settlement agreement, ICE acknowledged that Seaboard employed company-wide compliance efforts, both prior to and subsequent to the investigation.”

“We are pleased to move forward to resolve this matter. This settlement resolves an investigation that began more than 6 years ago and that has been time consuming and costly in legal fees.”

 

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