Form 8-K

 

 

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) August 14, 2014

 

 

Green Plains Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 

Iowa   001-32924   84-1652107

(State or other jurisdiction

of incorporation)

  

(Commission

file number)

  

(IRS employer

identification no.)

 

450 Regency Parkway, Ste. 400, Omaha, Nebraska

   68114
(Address of principal executive offices)   (Zip code)

(402) 884-8700

(Registrant’s telephone number, including area code)

 

 

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 August 14, 2014, Green Plains Inc. announced that its Board of Directors has approved a share repurchase program of up to $100 million of the Company’s shares of common stock effective immediately. Under the share repurchase program, Green Plains may repurchase shares from time to time in open market transactions, privately negotiated transactions, accelerated share buyback programs, tender offers or by other means. The timing and amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market conditions, share price, legal requirements and other factors. The program may be suspended, modified or discontinued at any time without prior notice.

The Board of Directors also declared a quarterly cash dividend of $0.08 per share on the Company’s common stock. The cash dividend announced represents a 100% increase from the previous quarterly cash dividend. The dividend will be payable on September 18, 2014 to shareholders of record as of the close of business August 28, 2014.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

 

Number

   

Description

99.1    Press release, dated August 14, 2014

 

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SIGNATURES

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.

 

        Green Plains Renewable Energy, Inc.
Date: August 14, 2014      

 

By:

  

 

/s/ Jerry L. Peters

   

Jerry L. Peters

Chief Financial Officer

(Principal Financial Officer)

 

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