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):
January 6, 2004 (January 6, 2004)
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
----------- -----------
99.1 Press Release dated January 6, 2004.
Item 12. Results of Operations and Financial Condition.
On January 6, 2004, Delta and Pine Land Company ("D&PL") issued a press release
reporting its results of operations and financial condition for the first
quarter ended November 30, 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 a U.S. location and a workforce
reduction at a foreign location. 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 first quarter earnings
during a conference call to be held January 6, 2004 at 3 p.m. ET/2 p.m. CT. All
interested parties are invited to listen to the conference call by dialing
800-374-0420 (International, 706-634-1176), pass code 4785654. 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
/s/ R. D. Greene
Date: January 6, 2004 _______________________________________________
R. D. Greene,
Vice President - Finance, Treasurer and
Assistant Secretary