UNITED STATES
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 16, 2008
Seaboard Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-3390 04-2260388
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
9000 W. 67th Street, Shawnee Mission, Kansas 66202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (913) 676-8800
Not Applicable
(Former name or former address, if changed since last report.)
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
As previously disclosed, the Board of Directors of Seaboard Corporation
(the "Company") authorized the Company to purchase up to $50.0 million of
the Company's common stock from time to time in open-market purchases or in
privately negotiated transactions. This authorization expires on August
31, 2009. As of December 16, 2008, approximately $15.2 million of the
Company's common stock remained available for purchase under this
authorization.
To facilitate the Company's purchase of the common stock remaining
available for purchase under this authorization, the Company has
established a plan ("10b5-1 Plan") under Rule 10b5-1 of the SEC. The 10b5-
1 Plan provides for the purchase of up to $15 million (inclusive of
commissions) of the Company's common stock, pursuant to the existing
repurchase authorization, during the period beginning December 17, 2008 and
ending March 2, 2009. A broker selected by the Company will have the
authority under the terms and limitations specified in the 10b5-1 Plan to
repurchase shares on the Company's behalf in accordance with the terms of
the plan.
SEC Rule 10b5-1 allows an issuer, at a time when not in possession of
material inside information, to establish a prearranged written plan to
repurchase a specified number of its shares when it otherwise might be
prevented from doing so under insider trading laws or because of self-
imposed trading blackout periods.
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.
DATE: December 16, 2008
Seaboard Corporation
by: /s/ Robert L. Steer
Robert L. Steer, Senior Vice President,
Chief Financial Officer