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Otter Tail Corp — Capital/Financing Update 2011
Dec 30, 2011
31280_rns_2011-12-30_8f33715b-58ab-45cc-a505-6f5ca3ab93be.zip
Capital/Financing Update
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8-K 1 a50117989.htm OTTER TAIL CORPORATION 8-K Copyright 2011 Business Wire, a Berkshire Hathaway company. All rights reserved www.businesswire.com
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): December 29, 2011 OTTER TAIL CORPORATION (Exact name of registrant as specified in its charter)
| Minnesota | 0-53713 | 27-0383995 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 215 South Cascade Street, P.O. Box 496, Fergus Falls, MN | 56538-0496 |
|---|---|
| (Address | |
| of principal executive offices) | (Zip |
| Code) |
Registrant’s telephone number, including area code: (866) 410-8780
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:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On December 29, 2011, Otter Tail Corporation completed the sale of its trucking business, E.W. Wylie to Walden Smokey Point, Inc., a holding company based in Dallas, TX for approximately $25.0 million in cash. The proceeds from the sale are expected to be used for general corporate purposes.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits
99.1 Press Release issued December 29, 2011.
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, thereunto duly authorized.
| December 30, 2011 | |
|---|---|
| By: | /s/ George A. Koeck |
| George A. Koeck | |
| General Counsel & Corporate Secretary |
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EXHIBIT INDEX
| Exhibit | Description of Exhibit |
|---|---|
| 99.1 | Press release, dated December 29, 2011 |
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