UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 29, 2006
ASHLAND INC.
(Exact name of registrant as specified in its charter)
Kentucky
(State or other jurisdiction of incorporation)
1-32532 20-0865835
(Commission File Number) (I.R.S. Employer Identification No.)
50 E. RiverCenter Boulevard, Covington, Kentucky 41011
(Address of principal executive offices) (Zip Code)
P.O. Box 391, Covington, Kentucky 41012-0391
(Mailing Address) (Zip Code)
Registrant's telephone number, including area code (859) 815-3333
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))
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Item 8.01. Other Events
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(1) Securities and Exchange Commission (Commission) Settlement - On
November 29, 2006, the Commission approved a settlement of a previously
disclosed administrative proceeding with the Commission concluding an
investigation into adjustments that reduced Ashland's environmental
remediation reserves for certain sites for the fiscal years 1999 and 2000.
These adjustments to environmental reserves totaled $12.2 million in 1999
and $12.6 million in 2000. Pursuant to the settlement, Ashland agreed as
part of a cease and desist order, without admitting or denying any
liability, not to violate certain provisions of the federal securities laws
and to establish or continue various policies and procedures in connection
with the determination of its environmental reserves.
(2) Dow Plastics Supply Agreement with Ashland Distribution - Ashland
Distribution, a division of Ashland Inc., will be advising customers that
Dow Chemical Company has provided notice of its intent to terminate
Ashland's supply agreement for distribution of Dow plastics in North
America, effective March 1, 2007. The contract and the termination notice
are further described in the press release which is attached hereto as
Exhibit 99.1 and incorporated by reference herein.
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Item 9.01. Financial Statements and Exhibits
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(d) Exhibits
99.1 Press release dated December 4, 2006
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SIGNATURES
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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.
ASHLAND INC.
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(Registrant)
Date: December 4, 2006 /s/ J. Marvin Quin
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J. Marvin Quin
Senior Vice President
and Chief Financial Officer
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EXHIBIT INDEX
99.1 Press release dated December 4, 2006
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