From: Subject: e8vk Date: Wed, 8 Jul 2009 09:00:00 -0500 MIME-Version: 1.0 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Content-Location: http://www.sec.gov/Archives/edgar/data/1014669/000095012907005632/h51575e8vk.htm X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.5579 e8vk 8-K 1 h51575e8vk.htm = FORM=20 8-K - CURRENT REPORT
 

UNITED=20 STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC = 20549
FORM = 8-K=20
CURRENT=20 REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES = EXCHANGE=20 ACT OF 1934
Date = of Report=20 (Date of Earliest Event Reported)
November 13, 2007 = (November 12,=20 2007)
STERLING=20 CHEMICALS, INC.
(Exact Name of Registrant = as Specified=20 in Charter)
         
Delaware
(State or other=20 jurisdiction of
incorporation)
  000-50132
(Commission File = No.)
  76-0502785
(IRS=20 Employer
Identification No.)
         
333 Clay Street,=20 Suite 3600
Houston, Texas

(Address of principal = executive=20 offices)
      77002-4109
(Zip = Code)
(713) 650-3700
(Registrant=92s telephone = number,=20 including area code)
Not=20 Applicable
(Former names or former address, if changed since last = report)
Check the = appropriate=20 box below if the Form 8-K filing is intended to simultaneously satisfy = the=20 filing obligation of the registrant under any of the following = provisions (see=20 General Instruction A.2. below):
o Written communications pursuant to = Rule 425 under=20 the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to = Rule 14a-12 under=20 the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to=20 Rule 14d-2(b) under the Exchange Act (17 CFR 14d-2(b))
o Pre-commencement communications pursuant to=20 Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 =20


 

Item 1.02.=20 Termination of a Material Definitive Agreement.
     As previously disclosed in = its Current=20 Report on Form 8-K filed September 18, 2007, on September 17, = 2007,=20 Sterling Chemicals, Inc. (=93Sterling=94) entered into a long-term = exclusive styrene=20 supply agreement and a related rail car purchase and sale agreement with = Nova=20 Chemicals Inc. (=93NOVA=94), which have subsequently been assigned by = NOVA to INEOS=20 NOVA LLC (=93INEOS NOVA=94). Under the supply agreement, INEOS NOVA had = the=20 exclusive right to 100% of our styrene production (subject to existing=20 contractual commitments), the amount of any styrene supplied in any = particular=20 period being at INEOS NOVA=92s option based on a full-cost formula. =
     On November 12, 2007, = INEOS NOVA=20 nominated zero pounds of styrene for the balance of 2007 and, on that = same date,=20 Sterling elected to exercise its right under the supply agreement to = permanently=20 shut down and decommission its styrene plant and sent notice of this = election to=20 INEOS NOVA and NOVA on such date. The determination by Sterling to = permanently=20 shut down its styrene plant under the agreement resulted in the = agreement=92s=20 termination, which became effective upon receipt by INEOS NOVA and NOVA = of=20 Sterling=92s notice.
     The press release announcing = Sterling=92s=20 election to shut down and decommission its styrene plant and the supply=20 agreement is included in this Current Report as Exhibit 99.1 and = 10.1,=20 respectively, and each is incorporated herein by reference.
Item 2.02=20 Results of Operations and Financial Condition
     On November 13, 2007, = Sterling=20 issued a press release that, among other things, included information = with=20 respect to its results of operations for the third quarter of 2007. A = copy of=20 the press release is included in this Current Report as = Exhibit 99.1 and is=20 incorporated herein by reference. The information in this Item 2.02 = in this=20 Current Report is being furnished and shall not be deemed =93filed=94 = for the=20 purposes of Section 18 of the Securities Exchange Act of 1934, as = amended=20 (the =93Exchange Act=94), or otherwise subject to the liabilities of = that Section.=20 The information in this Current Report shall not be incorporated by = reference=20 into any registration statement or other document pursuant to the = Securities Act=20 of 1933, as amended, or the Exchange Act, regardless of the general=20 incorporation language of such filing, except as shall be expressly set = forth by=20 specific reference in such filing.
Item 2.05.=20 Costs Associated with Exit or Disposal Activities.
     The disclosure contained in=20 Item 1.02, including the press release incorporated therein by = reference,=20 is incorporated herein by reference.
Item 9.01=20 Financial Statements and Exhibits.
(c)   Exhibits

 =20


 

     
Exhibit=20 Number   Description
Exhibit 10.1*=20
  Agreement for the Exclusive Supply of = Styrene by=20 and between Sterling Chemicals, Inc. and NOVA Chemicals Inc., = dated=20 September 17, 2007.
 
   
Exhibit 99.1=20
  Press Release dated November 13, = 2007
*   Incorporated by reference to Exhibit 10.20 to Amendment=20 No. 1 to Sterling=92s Registration Statement on Form S-4 = filed=20 October 17, 2007 (Reg. = No. 333-145803).

 =20


 

SIGNATURE=20
     Pursuant to the requirements = of the=20 Securities Exchange Act of 1934, the registrant has duly caused this = report to=20 be signed on its behalf by the undersigned hereunto duly authorized. =
         
Date: November 13, 2007   STERLING CHEMICALS, INC.
 
 
  By:   /s/=20 Richard K. Crump    
    Richard K. Crump   
    President and Chief Executive = Officer   
 

 =20


 

Exhibit Index
     
Exhibit=20 Number   Description
Exhibit 10.1*=20
  Agreement for the Exclusive Supply of = Styrene by=20 and between Sterling Chemicals, Inc. and NOVA Chemicals Inc., = dated=20 September 17, 2007.
 
   
Exhibit 99.1=20
  Press Release dated November 13, = 2007
*   Incorporated by reference to Exhibit 10.20 to Amendment=20 No. 1 to Sterling=92s Registration Statement on Form S-4 = filed=20 October 17, 2007 (Reg. = No. 333-145803).

 =20