UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10‑K
(MARK ONE)
☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended August 31, 2018
or
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission File Number 1-13419
Corporation
(Exact name of registrant as specified in its charter)
| Delaware |
| 47‑0554096 |
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| (State or other jurisdiction of |
| (I.R.S. Employer |
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| incorporation or organization) |
| Identification No.) |
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| 2222 North 111 th Street, Omaha, Nebraska |
| 68164 |
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| (Address of principal executive offices) |
| (Zip Code) |
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402‑829-6800
Registrant's telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
| Name of each exchange on which registered |
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| Common Stock, $1.00 par value |
| New York Stock Exchange, Inc. (Symbol LNN) |
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Indicate by check mark if the registrant is a well-known seasoned issuer, (as defined in Rule 405 of the Securities Act). Yes ☒ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S‑K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10‑K or any amendment to this Form 10‑K ☒
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act:
Large accelerated filer | ☒ |
| Accelerated filer | ☐ |
Non‑accelerated filer | ☐ |
| Smaller reporting company | ☐ |
Emerging growth company | ☐ |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
The aggregate market value of Common Stock of the registrant, all of which is voting, held by non‑affiliates based on the closing sales price on the New York Stock Exchange, Inc. on February 28, 2018 was $936,720,708.
As of October 15, 2018, 10,757,318 shares of the registrant's Common Stock were outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Proxy Statement pertaining to the Registrant's 2018 annual stockholders' meeting to be filed hereafter are incorporated by reference into Part III of this Annual Report on Form 10-K.
Table of Contents
TA BLE OF CONTENTS
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Part I |
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| Item 1. | Business | 3 |
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| Item 1A. | Risk Factors | 12 |
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| Item 1B. | Unresolved Staff Comments | 16 |
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| Item 2. | Properties | 16 |
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| Item 3. | Legal Proceedings | 17 |
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| Item 4. | Mine Safety Disclosures | 17 |
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Part II |
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| Item 5. | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 18 |
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| Item 6. | Selected Financial Data | 20 |
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| Item 7. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 21 |
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| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk | 30 |
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| Item 8. | Financial Statements and Supplementary Data | 30 |
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| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 60 |
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| Item 9A. | Controls and Procedures | 60 |
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| Item 9B. | Other Information | 63 |
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Part III |
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| Item 10. | Directors, Executive Officers and Corporate Governance | 64 |
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| Item 11. | Executive Compensation | 64 |
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| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 64 |
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| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 65 |
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| Item 14. | Principal Accounting Fees and Services | 65 |
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Part IV |
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| Item 15. | Exhibits, Financial Statement Schedules | 66 |
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| Item 16. | Form 10-K Summary | 69 |
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SIGNATURES |
| 70 | |
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