-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, gNErso49T+RpkdVQ1joPzczQmFTxaIDgwBTD64Ef3wik+cHnvR/joczcP7yOdFrl 1lIYoJIVUwF3lGfuMOd83w== 0000101063-94-000042.txt : 19941012 0000101063-94-000042.hdr.sgml : 19941012 ACCESSION NUMBER: 0000101063-94-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19941010 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19941011 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHIQUITA BRANDS INTERNATIONAL INC CENTRAL INDEX KEY: 0000101063 STANDARD INDUSTRIAL CLASSIFICATION: 2011 IRS NUMBER: 041923360 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01550 FILM NUMBER: 94552279 BUSINESS ADDRESS: STREET 1: 250 E FIFTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5137848011 FORMER COMPANY: FORMER CONFORMED NAME: UNITED BRANDS CO DATE OF NAME CHANGE: 19900403 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): October 10, 1994 CHIQUITA BRANDS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) New Jersey 1-1550 04-1923360 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation 250 East Fifth Street, Cincinnati, Ohio 45202 (Address of principal executive offices) Registrant's telephone number, including area code: (513) 784-8011 INFORMATION TO BE INCLUDED IN THE REPORT Items 1, 2, 3, 4, 6 and 8 are not applicable and are omitted from this Report. Item 5. Other Events. Reference is made to the Company's News Release issued October 10, 1994, attached as Exhibit 7(c)1., relating to unusual charges and non-recurring losses expected for the third quarter. Item 7. Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. 1. News Release of the Company issued October 10, 1994. 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. Date: October 11, 1994 CHIQUITA BRANDS INTERNATIONAL, INC. By /s/ William A. Tsacalis William A. Tsacalis Vice President and Controller EX-7.C.1 2 EXHIBIT 7(C)1. Exhibit 7(c)1. FOR IMMEDIATE RELEASE CHIQUITA EXPECTS UNUSUAL CHARGES AND NON-RECURRING LOSSES FOR THIRD QUARTER CINCINNATI, OHIO, October 10, 1994 -- Chiquita Brands International, Inc. announced today that its results for the quarter ended September 30, 1994 will include unusual charges and non-recurring losses totaling approximately $50 million ($1.00 per share). Aside from these items, Chiquita expects to report a loss for the third quarter during this seasonally low period for worldwide banana pricing. The unusual charges and non-recurring losses primarily result from: . the shutdown of over 1,200 hectares of low productivity Honduran banana farms following an unusually severe strike and, at its remaining Honduran farms, the chopback of cultivations weakened during the strike. The Company undertook these extraordinary measures to optimize the future economic yield and quality of its Honduran banana production. Chiquita expects to recommence banana exports from its Honduran farms around year-end. . the substantial reduction of the Company's Japanese "green" banana trading operations. Poor local market conditions, and the desire to eliminate related losses, contributed to the Company's decision to significantly scale back this portion of its business. Chiquita indicated that it will remain active in the Japanese banana market primarily through its existing banana ripening operations and value-added distribution network. Final results for the third quarter are expected to be reported on or about November 1, 1994. Chiquita is a leading international marketer, processor and producer of quality fresh and prepared food products. FOR FURTHER INFORMATION, PLEASE CONTACT: Joseph W. Hagin (513) 784-8866 -----END PRIVACY-ENHANCED MESSAGE-----