Olin Corp Files 8-K: Operations, Financials, and Exhibits

Ticker: OLN · Form: 8-K · Filed: Dec 12, 2024 · CIK: 74303

Olin CORP 8-K Filing Summary
FieldDetail
CompanyOlin CORP (OLN)
Form Type8-K
Filed DateDec 12, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$1.00, $35 million, $1.3 billion, $2.0 billion
Sentimentneutral

Sentiment: neutral

Topics: operations, financial-condition, exhibits

Related Tickers: OLN

TL;DR

OLIN filed an 8-K on Dec 11th covering operations, financials, and other events.

AI Summary

Olin Corporation filed an 8-K on December 12, 2024, reporting events that occurred on December 11, 2024. The filing pertains to the company's results of operations, financial condition, and includes Regulation FD disclosures, other events, and financial statements/exhibits.

Why It Matters

This 8-K filing provides crucial updates on Olin Corporation's operational and financial status, offering insights into recent events and their potential impact on the company's performance.

Risk Assessment

Risk Level: low — This filing is a routine 8-K reporting operational and financial information, not indicating any immediate or significant new risks.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing for Olin Corporation?

The primary purpose is to report on Olin Corporation's results of operations and financial condition, as well as to disclose other events and provide financial statements and exhibits.

On what date did the events reported in this 8-K occur?

The earliest event reported in this 8-K occurred on December 11, 2024.

What is Olin Corporation's state of incorporation and IRS Employer Identification Number?

Olin Corporation is incorporated in Virginia and its IRS Employer Identification Number is 13-1872319.

Where are Olin Corporation's principal executive offices located?

Olin Corporation's principal executive offices are located at 190 Carondelet Plaza, Suite 1530, Clayton, MO 63105.

What is the filing date of this 8-K report?

This 8-K report was filed as of December 12, 2024.

Filing Stats: 686 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-12-12 06:53:08

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On December 11, 2024, Olin Corporation ("Olin") made the determination to permanently close its Chlorine 3 manufacturing facility, located at the Freeport, Texas site. The closure is expected to be completed by December 31, 2025. As a result of this action, Olin expects to incur approximately $35 million of pretax restructuring costs related to decommissioning and demolition expenses through 2030.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. In accordance with General Instruction B.2. of Form 8-K, the following information and the attached Exhibits 99.1 and 99.2 are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Olin disclaims any intention or obligation to update or revise this information. In Olin's press release dated December 12, 2024, attached as Exhibit 99.1, and incorporated herein by reference, Olin announced its Board of Directors approved new share repurchases of up to $1.3 billion of Olin common stock, increasing the current share repurchase authorization to $2.0 billion. Also attached as Exhibit 99.2, and incorporated herein by reference, is a copy of the presentation posted to Olin's website on December 12, 2024, which will be presented at Olin's Investor Day on December 12, 2024 in New York, New York.

01. Other Events

Item 8.01. Other Events. On December 11, 2024, Olin's Board authorized a new $1.3 billion share repurchase program, increasing the current share repurchase authorization to $2.0 billion. The timing of share repurchases under this program depends on the marketplace conditions and other factors, and the program remains subject to the discretion of the Board.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibit No. Exhibit 99.1 Press r elease announcing $1.3 billion share repurchase program, dated December 12, 2024 99.2 Investor Day 2024 presentation slides, dated December 12, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 hereunto duly authorized. OLIN CORPORATION By: /s/ Inchan Hwang Name: Inchan Hwang Title: Vice President, Deputy General Counsel and Secretary Date: December 12, 2024

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