-----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, WycLhrs29tYlfY9rUqHguQMB3qthcX+Cx34cEd4KHer3PvpdlCbZla/g0nYsmWyH iOE5ieRpKLwX0/LT+lMPHg== 0000950144-05-007268.txt : 20050708 0000950144-05-007268.hdr.sgml : 20050708 20050708170044 ACCESSION NUMBER: 0000950144-05-007268 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050706 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050708 DATE AS OF CHANGE: 20050708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLOWERS FOODS INC CENTRAL INDEX KEY: 0001128928 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] IRS NUMBER: 582582379 STATE OF INCORPORATION: GA FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16247 FILM NUMBER: 05946344 BUSINESS ADDRESS: STREET 1: 1919 FLOWERS CIRCLE CITY: THOMASVILLE STATE: GA ZIP: 31757 BUSINESS PHONE: 9122269110 MAIL ADDRESS: STREET 1: 1919 FLOWERS CIRCLE CITY: THOMASVILLE STATE: GA ZIP: 31757 8-K 1 g96211e8vk.htm FLOWERS FOODS, INC. FLOWERS FOODS, INC.
 

 
 

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): July 8, 2005 (July 6, 2005)

FLOWERS FOODS, INC.

 
(Exact name of registrant as specified in its charter)
         
Georgia   1-16247   58-2582379
         
(State or other
jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
1919 Flowers Circle, Thomasville, GA   31757
     
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code:      (229) 226-9110

     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):

    o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
    o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
    o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
    o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


 

Item 1.01.     Entry into a Material Definitive Agreement.

     On July 6, 2005, Flowers Foods, Inc. announced that it had entered into an agreement with Royal Cake Company, Inc. to purchase substantially all the assets of Royal. Royal filed for Chapter 11 bankruptcy on February 18, 2005. The purchase price for the assets is $10,000,000, subject to certain post-closing adjustments. The transaction is subject to higher and better offers, if any are submitted, and bankruptcy court approval. The agreement contains terms, conditions, representations, warranties and covenants typical for a transaction of this nature and size. A copy of the press release announcing the transaction is attached hereto and incorporated herein by reference.

Item 9.01     Financial Statements and Exhibits.

     (c)     Exhibits.

The following exhibits are furnished as part of this Report:

     
Exhibit Number   Description
99.1
  Press release of Flowers Foods, Inc, dated July 6, 2005

 


 

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.
         
  FLOWERS FOODS, INC.
 
 
  By:   /s/ Stephen R. Avera  
    Name:   Stephen R. Avera    
    Title:   Sr. Vice-President, Secretary & General Counsel   
Date: July 8, 2005

 


 

EXHIBIT INDEX

     
Exhibit Number   Description
99.1
  Press release of Flowers Foods, Inc., dated July 6, 2005

 

EX-99.1 2 g96211exv99w1.htm EX-99.1 PRESS RELEASE EX-99.1 PRESS RELEASE
 

EXHIBIT 99.1

 

July 6, 2005   Company Press Release   Flowers Foods (NYSE: FLO)

FLOWERS FOODS SEEKS TO ACQUIRE ROYAL CAKE CO.

THOMASVILLE, GA—Flowers Foods (NYSE: FLO) announced today that it has entered a contract to acquire Royal Cake Company, Inc., a Winston-Salem, N.C.-based bakery currently operating in Chapter 11 bankruptcy. The contract is subject to approval by the bankruptcy court.

Royal Cake, with 2004 sales of $24 million, filed for bankruptcy in February in the United States Bankruptcy Court for the Middle District of North Carolina, Winston-Salem Division. The company employs approximately 190 people and produces cookies, cereal bars and creme-filled cakes that are sold under the Royal, Bakers Best, and private label brands.

“Due to increased demand for our snack cake products, we need additional production capacity and Royal is a fine bakery,” said George E. Deese, Flowers Foods’ president and chief executive officer. “If our contract is approved by the bankruptcy court, Royal will be a welcome addition to our snack cake operation.”

Headquartered in Thomasville, Ga., Flowers Foods is one of the nation’s leading producers and marketers of packaged bakery foods for retail and foodservice customers. Flowers operates 34 bakeries that produce a wide range of bakery products marketed throughout the Southeastern, Southwestern, and mid-Atlantic states via an extensive direct-store-delivery network and nationwide through other delivery systems. Among the company’s top brands are Nature’s Own, Cobblestone Mill, Sunbeam, BlueBird, and Mrs. Freshley’s. For more information, visit www.flowersfoods.com.

Statements contained in this press release and certain other written or oral statements made from time to time by the company and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding the company’s future financial condition and results of operations and are often identified by the use of words and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” “would,” “is likely to,” “is expected to” or “will continue,” or the negative of these terms or other comparable terminology. These forward looking statements are based upon assumptions the company believes are reasonable. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Certain factors that may cause actual results, performance, and achievements to differ materially from those projected may include, but are not limited to (a) unexpected changes in any of the following: (i) general economic and business conditions; (ii) the competitive setting in which the company operates, including changes in pricing, advertising or promotional strategies by the company or its competitors, as well as changes in consumer demand; (iii) interest rates and other terms available to the company

 


 

on its borrowings; (iv) energy and raw materials costs and availability; (v) relationships with employees, independent distributors and third party service providers; and (vi) laws and regulations (including health-related issues), accounting standards or tax rates in the markets in which the company operates; (b) the loss or financial instability of any significant customer(s); (c) the company’s ability to execute its business strategy, which may involve integration of recent acquisitions or the acquisition or disposition of assets at presently targeted values; (d) the company’s ability to operate existing, and any new, manufacturing lines according to schedule; (e) the level of success the company achieves in developing and introducing new products and entering new markets; (f) changes in consumer behavior, trends and preferences, including weight loss trends; (g) the company’s ability to implement new technology as required; (h) the credit and business risks associated with independent distributors and customers that operate in the highly competitive retail food industry, including the amount of consolidation in that industry; (i) customer and consumer reaction to pricing actions; (j) existing or future governmental regulations resulting from the events of September 11, 2001, the military action in Iraq and the continuing threat of terrorist attacks that could adversely affect the company’s business and its commodity and service costs; and (k) any business disruptions due to political instability, armed hostilities, incidents of terrorism or the responses to or repercussions from any of these or similar events or conditions. The foregoing list of important factors does not include all such factors nor necessarily present them in order of importance. In addition, you should consult other disclosures made by the company (such as in our other filings with the Securities and Exchange Commission (“SEC”) or in other company press releases) for other factors that may cause actual results to differ materially from those projected by the company. You should not place undue reliance on forward-looking statements, as they speak only as of the date made and are inherently uncertain. The company undertakes no obligation to publicly revise or update such statements, except as required by law. You are advised, however, to consult any further public disclosures by the company (such as in our filings with the SEC or in company press releases) on related subjects.

Contact: Mary Krier, Vice President of Communications, (229) 227-2333

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