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 20, 2006
CSX CORPORATION
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction of
incorporation or organization)
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1-8022
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62-1051971 |
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(Commission
File No.)
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(I.R.S. Employer
Identification No.) |
500 Water Street, 15th Floor, Jacksonville, FL 32202
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code:
(904) 359-3200
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
CSX Corporation (the company), to correct information in the media, hereby reiterates
previously stated targets for the next five years, through 2010, including:
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4 percent to 6 percent compounded annual revenue growth in Surface Transportation. |
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10 percent to 12 percent compounded operating income growth in Surface Transportation. |
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Mid-70s operating ratio within the next five years in Surface Transportation. |
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12 percent to 14 percent compounded annual growth in consolidated earnings per share. |
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10 percent to 12 percent compounded annual growth in consolidated free cash flow. |
Any different information related to these targets does not reflect the companys views and
should not be relied upon.
The information contained in this Current Report on Form 8-K has been furnished and shall
not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to liability under that section. The information in this Current
Report shall not be incorporated by reference into any filing or other document pursuant to the
Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in
such filing or document. The furnishing of the information in this Current Report is not intended
to, and does not, constitute a representation that such furnishing is required by Regulation FD or
that the information contained in this Current Report is material investor information that is not
otherwise publicly available.
This Current Report and other statements by the company contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act with respect to, among other
items: projections and estimates of earnings, revenues, cost-savings, expenses, or other financial
items; statements of managements plans, strategies and objectives for future operation, and
managements expectations as to future performance and operations and the time by which objectives
will be achieved; statements concerning proposed new products and services; and statements
regarding future economic, industry or market conditions or performance. Forward-looking statements
are typically identified by words or phrases such as believe, expect, anticipate, project,
and similar expressions. Forward looking statements speak only as of the date they are made, and
the company undertakes no obligation to update or revise any forward-looking statement. If the
company does update any forward-looking statement, no inference should be drawn that the company
will make additional updates with respect to that statement or any other forward-looking
statements.
Forward-looking statements are subject to a number of risks and uncertainties, and actual
performance or results could differ materially from that anticipated by these forward-looking
statements. Factors that may cause actual results to differ materially from those contemplated by
these forward-looking statements include, among others: (i) the companys success in implementing
its financial and operational initiatives, (ii) changes in domestic or international economic or
business conditions, including those affecting the rail industry (such as the impact of industry
competition, conditions, performance and consolidation); (iii) legislative or regulatory changes;
(iv) the inherent business risks associated with safety and security; and (v) the outcome of claims
and litigation involving or affecting the company.
Other important assumptions and factors that could cause actual results to differ materially
from those in the forward-looking statements are specified in the companys SEC reports, accessible
on the SECs website at www.sec.gov and the companys website at www.csx.com.