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
October 9, 2003
Date of Report (Date of Earliest Event Reported)
(Exact name of registrant as specified in its charter)
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
(Address of principal executive offices, including Zip Code) |
|
|
(908) 298-4000 |
|
Item 5. Other Events and Regulation FD Disclosure
Moody's Investors Service announced October 9, 2003 that it had downgraded the ratings of Schering-Plough Corporation and its subsidiary Schering Corporation, concluding a rating review initiated on August 26, 2003. Moody's ratings downgrades were as follows:
Schering-Plough Corporation:
Senior unsecured shelf registration to (P)A3 from (P)A1;
Commercial paper to Prime-2 from Prime-1
Schering Corporation:
Commercial paper to Prime-2 from Prime-1
Moody's press release stated that the rating outlook is stable.
Moody's press release is attached to this 8-K as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits. The following exhibits are filed with this 8-K:
99.1 Moody's Press Release issued October 9, 2003 regarding downgrade of Schering-Plough Corporation and Schering Corporation Securities.
99.2 Schering-Plough Press Release issued October 9, 2003 titled "Schering-Plough Appoints Brent Saunders Senior Vice President, Global Compliance and Business Practices."
99.3 Frequently Asked Questions dated October 9, 2003.
Item 9. Regulation FD Disclosure
Schering-Plough Corporation today announced appointment of Brent Saunders as Senior Vice President, Global Compliance and Business Practices. Schering-Plough's press release is attached to this 8-K as Exhibit 99.2.
Schering-Plough also published Frequently Asked Questions dated October 9, 2003 (FAQs). The FAQs are attached to this 8-K as Exhibit 99.3.
This 8-K with all exhibits are available on Schering-Plough's Investor Relations Web Site (http://ir.schering-plough.com).
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.
Schering-Plough Corporation
By: /s/Thomas H. Kelly
Thomas H. Kelly
Vice President and Controller
Date: October 9, 2003
Exhibit Index
The following exhibits are filed with this 8-K:
99.1 Moody's Press Release issued October 9, 2003 regarding downgrade of Schering-Plough Corporation and Schering Corporation Securities.
99.2 Schering-Plough Press Release issued October 9, 2003 titled "Schering-Plough Appoints Brent Saunders Senior Vice President, Global Compliance and Business Practices."
99.3 Frequently Asked Questions dated October 9, 2003.