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): July 8, 2003 (July 7, 2003)
DELTA AND PINE LAND COMPANY
(Exact name of registrant as specified in its charter)
Delaware 62-1040440
(State or other jurisdiction (IRS employer
of incorporation) identification No.)
000-21788
(Commission file number)
One Cotton Row, Scott, Mississippi 38772
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (662) 742-4000
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release dated July 7, 2003.
Item 9. Regulation FD Disclosure (Information provided under Item 12.
Results of Operations and Financial Condition).
On July 7, 2003, Delta and Pine Land Company ("D&PL") issued a press release
reporting its results of operations and financial condition for the third
quarter and nine months ended May 31, 2003. This press release, which has been
attached as Exhibit 99.1, discloses non-GAAP financial measures that exclude
legal costs associated with the D&PL versus Monsanto (NYSE: MON)/Pharmacia
litigation and special charges associated with the closing of two U.S. locations
and headcount reductions at an international subsidiary and an international
joint venture. These non-GAAP financial measures are provided to enhance the
user's overall understanding of D&PL's current financial performance from normal
operations and D&PL's prospects for the future. D&PL believes that the amounts
excluded in the non-GAAP financial measures are not indicative of D&PL's core
operating results. D&PL management uses these non-GAAP financial measures in
analyzing its performance. These measures should be considered in addition to
results prepared in accordance with GAAP, but should not be considered a
substitute for or superior to GAAP results. The non-GAAP financial measures
included in the attached press release are reconciled to the most directly
comparable GAAP measure therein.
Additionally, executive management will discuss D&PL's third quarter and nine
month earnings during a conference call to be held July 8, 2003 at 11 a.m.
EDT/10 a.m. CDT. All interested parties are invited to listen to the conference
call by dialing 888-270-8028 (International, 706-679-0236), pass code 1452504.
Live audio of the conference call will also be accessible at www.vcall.com.
Also, refer to D&PL's Investor Relations section in its News and Events section
of its Internet site at www.deltaandpine.com for further instructions about
accessing the conference call.
Information in this report, including the Exhibit attached hereto, shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific
reference in such filing.
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.
DELTA AND PINE LAND COMPANY
Date: July 8, 2003
/s/ R. D. Greene
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R. D. Greene, Vice President - Finance,
Treasurer and Assistant Secretary