Chs Inc 8-K, filed Sep 11, 2024
Chs Inc (CHSCP)
8-K
2024-09-11
For: 2024-09-11
View Original
Added on
April 09, 2026
About this 8-K
Chs Inc filed this 8-K on September 11, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
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 report (Date of earliest event reported): September 11, 2024
(Exact Name of Registrant as Specified in its Charter)
Commission File Number: 001 -36079
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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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth 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 7.01 Regulation FD Disclosure.
The CHS Inc. ("CHS") Board of Directors recently made 2024 fiscal year patronage and equity redemption determinations. A summary of those determinations are as follows: (1) 10.0% of the earnings from patronage business for the fiscal year ended August 31, 2024 ("Fiscal 2024") will be added to CHS's capital reserves, (2) $300.0 million of CHS's Fiscal 2024 patronage-sourced earnings is intended to be paid in cash to its patrons during the fiscal year ending August 31, 2025 ("Fiscal 2025") and (3) $300.0 million in cash is intended to be distributed in Fiscal 2025 in the form of equity redemptions. Additional details will be available after Fiscal 2024 year-end results are filed on CHS's Annual Report on Form 10-K for Fiscal 2024, including the amount of Fiscal 2024 patronage equity certificates that will be distributed.
Pursuant to General Instruction B.2. to Form 8-K, the information set forth in this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall otherwise be expressly set forth by specific reference in such filing.
SIGNATURES
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.
| CHS Inc. | ||||||||||||||
| Date: September 11, 2024 | By: | /s/ Olivia Nelligan | ||||||||||||
| Olivia Nelligan | ||||||||||||||
| Executive Vice President, Chief Financial Officer and Chief Strategy Officer | ||||||||||||||