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): January 15, 2015 (January 14, 2015)

 

GREIF, INC.
(Exact name of registrant as specified in its charter)

 
					
Delaware	 	001-00566	 	31-4388903	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	

425 Winter Road, Delaware, Ohio	 	43015	
(Address of principal executive offices)	 	(Zip Code)	
Registrant’s telephone number, including area code: (740) 549-6000
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 (see General Instruction A.2. below):
 
¨	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))	

 

Section 8 – Other Events
 
Item 8.01.	Other Events.	
Attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference is a press release issued by Greif, Inc. on January 14, 2015.
Section 9 – Financial Statements and Exhibits
 
Item 9.01.	Financial Statements and Exhibits.	
 
(d)	Exhibits.	

Exhibit No.	  	Description	
		
99.1	  	Press release issued by Greif, Inc. on January 14, 2015.	

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.

	 		 	GREIF, INC.	
				
Date: January 15, 2015	 		 	By	 	/s/ Lawrence A. Hilsheimer	
	 		 		 	Lawrence A. Hilsheimer,
Executive Vice President and Chief Financial Officer	

EXHIBIT INDEX

Exhibit No.	  	Description	
		
99.1	  	Press release issued by Greif, Inc. on January 14, 2015.	

Exhibit 99.1

FOR IMMEDIATE RELEASE
Greif, Inc. Announces Delay in Filing 2014 Form 10-K
DELAWARE, Ohio (January 14, 2015) – Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced that it has delayed the filing of its Annual Report on Form 10-K for the fiscal year ended October 31, 2014 beyond the January 14, 2015 extended filing date. As previously reported in its Form 8-K filings, the company engaged a new independent registered public accounting firm, Deloitte & Touche LLP, during the fourth quarter of 2014. In connection with the independent audit and financial statement preparation process, management identified certain adjustments which require immaterial revisions to the company’s financial statements for prior periods. These adjustments relate primarily to income tax accounting matters and, to a lesser extent, other adjustments to operating items. The aggregate of these items totaled approximately $24.5 million, net of income tax. In addition, the company identified an adjustment related to the elimination of intercompany sales in its Paper Packaging segment which impacts the current and prior period financial statements, and results in a reduction of sales and cost of sales ranging from approximately $130-$140 million annually. The filing delay is necessary to allow the company’s previous independent registered public accounting firm additional time to finalize its audit procedures for these prior period adjustments.
The company anticipates that these procedures will be complete within the next week and that the company will file its Form 10-K thereafter.
About Greif, Inc.
Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible, corrugated and reconditioned containers, intermediate bulk containers, containerboard and packaging accessories, and provides blending, filling, packaging and industrial packaging reconditioning services for a wide range of industries. Greif also manages timber properties in North America. The company is strategically positioned in more than 50 countries to serve global as well as regional customers. Additional information is on the company’s website at www.greif.com.
Contacts:

Media:	  	Analyst:	
Scott Griffin	  	Robert Lentz	
Vice President, Corporate Communications	  	(614) 876-2000	
Greif, Inc.	  		
(740) 657-6516