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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): February 21, 2007
ALEXANDER & BALDWIN, INC.
(Exact name of registrant as specified in its charter)
Hawaii 0-565 99-0032630
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
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of incorporation) Identification No.)
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822 Bishop Street, P. O. Box 3440
Honolulu, Hawaii 96801
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(Address of principal executive office and zip code)
(808) 525-6611
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(Registrant's telephone number, including area code)
Not Applicable
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(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))
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|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
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On February 21, 2007 and February 27, 2007, to allow The Dun &
Bradstreet Corporation ("D&B") to properly provide a credit rating for the
subsidiaries of Matson Navigation Company, Inc. ("Matson"), Matson released
certain summarized financial information relating to the periods ended December
30, 2005 and December 29, 2006, respectively. The information provided to D&B is
made available to its subscribers. This information is furnished herewith as
Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
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(d) Exhibits
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99.1 Summarized financial information for Matson Navigation
Company, Inc. as of December 29, 2006 and December 30, 2005.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: February 27, 2007
ALEXANDER & BALDWIN, INC.
/s/ Christopher J. Benjamin
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Christopher J. Benjamin
Senior Vice President,
Chief Financial Officer and Treasurer
Summarized financial information for Matson Navigation Company, Inc.
as of December 29, 2006 and December 30, 2005 is as follows (in millions,
except current ratio):
As of As of
December 29, 2006 December 29, 2005
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Current assets $ 237 $ 242
Current liabilities $ 176 $ 180
Current ratio 1.35:1 1.34:1
Working capital $ 61 $ 62
Other assets $ 1,018 $ 942
Long-term liabilities $ 623 $ 553
Net worth $ 456 $ 451