Santiago — Sociedad Química y Minera de Chile SA (SQM) said April 30 that it has filed with the U.S. Securities and Exchange Commission (SEC) a Form 12b-25 extension notice relating to its annual report on Form 20-F for the fiscal year ended Dec. 31, 2014. SQM said it was unable to file its form on time pending the outcome of matters subject to the internal investigation that the company previously announced relating to payments of invoices for services that have not been properly supported and related matters. SQM has identified approximately US$11 million in payments made by the company without sufficient supporting tax documentation between tax years 2009-2014. This amount is expected to increase by no more than US$2 million and is related to certain payments by the company’s subsidiaries that may not qualify for tax deductible expenses in the same period. SQM said it will file with the SEC as soon as practicable.
Transparency Across the Fertilizer Value-Chain