-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CBLoP3RW9wlvzahyvocZAimBah0AeVIRUxXypYa6aSeT21sWesaQK8Ig10CKYSZ5 lnFbj4gW7LZK1Eu4rYz9wQ== 0000101063-99-000022.txt : 19990519 0000101063-99-000022.hdr.sgml : 19990519 ACCESSION NUMBER: 0000101063-99-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990518 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHIQUITA BRANDS INTERNATIONAL INC CENTRAL INDEX KEY: 0000101063 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 041923360 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01550 FILM NUMBER: 99629481 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 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): May 18, 1999 CHIQUITA BRANDS INTERNATIONAL, INC. (Exact Name of Registrant as Specified in 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) 784-8000 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. The Company is making this filing in order to place the information contained herein on file with the Securities and Exchange Commission under the Securities Exchange Act of 1934. Reference is made to the Company s May 18, 1999 News Release relating to expectations for second quarter 1999 financial results, attached as Exhibit 7(c)99.1. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Financial Statements of Businesses Acquired Not Applicable (b) Pro Forma Financial Information Not Applicable (c) Exhibits 99.1 News Release of the Company issued May 18, 1999. 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: May 18, 1999 CHIQUITA BRANDS INTERNATIONAL, INC. By: /s/William A. Tsacalis ---------------------------------- William A. Tsacalis Vice President and Controller EX-99.1 2 Exhibit 99.1 CHIQUITA [Logo] BRANDS INTERNATIONAL ------------------------------------------------------------------------- NEWS RELEASE FOR IMMEDIATE RELEASE CHIQUITA ANNOUNCES EXPECTATIONS FOR SECOND QUARTER RESULTS CINCINNATI, OHIO, May 18, 1999 Chiquita Brands International, Inc. today announced that it expects second quarter 1999 results will be significantly lower than the $53 million ($.66 per share) reported in the second quarter of 1998. The Company attributed the expected decrease in earnings primarily to significantly lower European banana pricing in the second quarter to date on higher industry volume. In the European Union ( EU ), the volume increase is due to a disproportionately large second quarter allocation of the annual supply of banana import licenses as compared to licenses issued in any prior second quarter since inception of the EU banana quota regime. To a lesser extent, the Balkan conflict with respect to Kosovo and the continued depressed Russian market have put additional downward pressure on pricing in neighboring countries. Final results for the second quarter are expected to be reported on or about July 21, 1999. Chiquita is a leading international marketer, producer and distributor of quality fresh fruits and vegetables and processed foods. * * * * * This press release contains certain statements that are forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These statements are subject to a number of assumptions, risks and uncertainties, including product pricing, costs to purchase or grow (and availability of) fresh produce and other raw materials, currency exchange rate fluctuations, natural disasters and unusual weather conditions, operating efficiencies, labor relations, access to capital, actions of government bodies and other market and competitive conditions, many of which are beyond the control of Chiquita. Actual results or developments may differ materially from the expectations expressed in the forward-looking statements. FOR FURTHER INFORMATION, PLEASE CONTACT: Michael B. Sims Vice President, Investor Relations (513) 784-6366 -----END PRIVACY-ENHANCED MESSAGE-----