SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of earliest event reported: December 16, 2003
Constar International Inc.
(Exact name of registrant as specified in charter)
Delaware | 000-16496 | 13-1889304 | ||
(State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
One Crown Way, Philadelphia, PA | (215) 552-3700 | 19154 | ||
(Address of Principal Executive Offices) | (Registrants telephone number, including area code) | (Zip Code) |
Item 5. | Other Events and Regulation FD Disclosure. |
Mr. John Conway and Mr. Alan Rutherford have resigned from Constars Board of Directors effective December 16, 2003. Messrs. Conway and Rutherford are officers of Crown Holdings, Inc. Mr. Frank Mechura, another Constar director and Crown Holdings, Inc. officer, remains on Constars Board of Directors. Constars Board of Directors currently has nine members, and Crown currently holds approximately 10% of Constars outstanding common stock.
Except for historical information, all information in this report consists of forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve a number of risks, uncertainties and other factors, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among other things, the Companys ability to complete the transactions described above, whether on favorable terms or at all; continued conversion from metal, glass and other materials for packaging to plastic packaging; increasing demand for packaging requiring the Companys proprietary technologies and know-how; the Companys ability to protect its existing technologies and to develop new technologies; the Companys ability to control costs; the Companys ability to achieve improved utilization on its equipment; the terms upon which the Company acquires resin and its ability to reflect those terms in its sales; the Companys debt levels and its ability to refinance and service existing debt; the Companys ability to comply with restrictive covenants contained in the instruments governing its indebtedness or obtain waivers if not in compliance; the Companys ability to realize the expected benefits of the restructuring and to complete the restructuring at its expected costs; the success of the Companys customers in selling their products in their markets; the Companys customers purchasing volumes that do not fall short of projections delivered to the Company; risks associated with the Companys international operations; legal and regulatory proceedings and developments; general economic and political conditions; seasonal fluctuations in demand and the impact of weather on sales; the Companys ability to identify trends in the markets and to offer new solutions that address the changing needs of these markets; the Companys ability to successfully execute its business model and enhance its product mix; the Companys ability to compete successfully against competitors; and the other risks identified from time to time in the Companys SEC filings. The Company does not intend to review or revise any particular forward-looking statement in light of future events.
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.
Date: December 17, 2003 |
CONSTAR INTERNATIONAL INC.
By: /s/ JAMES C. COOK Name: James C. Cook Title: Executive Vice President, Chief Financial Officer and Secretary |