-----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, J5XuKOLNJJYX0LoTaK9yf9yGCTeslCtAnUjJdldwPx+LYY5A0QaW5HulovTffSfO cJhqRRcnB8zShH2vJO2K0Q== 0001104659-03-019499.txt : 20030825 0001104659-03-019499.hdr.sgml : 20030825 20030825115511 ACCESSION NUMBER: 0001104659-03-019499 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EAGLE FOOD CENTERS INC CENTRAL INDEX KEY: 0000030908 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 363548019 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17871 FILM NUMBER: 03863808 BUSINESS ADDRESS: STREET 1: RTE 67 KNOXVILLE RD CITY: MILAN STATE: IL ZIP: 61264 BUSINESS PHONE: 3097877730 MAIL ADDRESS: STREET 1: PO BOX 6700 CITY: ROCK ISLAND STATE: IL ZIP: 61204-6700 8-K 1 a03-2976_18k.htm 8-K

 

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): August 20, 2003

 


 

Eagle Food Centers, Inc.

(Exact name of registrant as specified in its charter)

 

Commission File Number  0-17871

 

DELAWARE

 

36-3548019

(State or other jurisdiction of
incorporation
or organization)

 

(I.R.S. Employer Identification No.)

 

 

 

RT. 67 & KNOXVILLE RD., MILAN,
ILLINOIS

 

61264

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (309) 787-7700

 

 



 

Eagle Food Centers, Inc. announces asset sale agreements.

 

ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS

 

(c)                                  Exhibits:

 

99.1 Eagle Food Centers, Inc. Press Release, dated August 20, 2003.

99.2 Eagle Food Centers, Inc. Press Release, dated August 21, 2003.

 

 

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.

 

EAGLE FOOD CENTERS, INC. (Registrant)

 

 

 

 

 

By: /s/ Robert J. Kelly

 

August 25, 2003

 

Robert J. Kelly

Date

President, Chief Executive Officer

 

 

2


EX-99.1 3 a03-2976_1ex99d1.htm EX-99.1

Exhibit 99.1

 

PRESS RELEASE

 

FOR IMMEDIATE RELEASE

 

 

 

EAGLE FOOD CENTERS

 

 

P.O. Box 6700

 

 

Rock Island, Illinois 61204-6700

 

 

Executive Offices & Distribution Center

 

 

Route 67 & Knoxville Road

 

 

Milan, Illinois 61264

 

 

Telephone:  309-787-7700

 

 

Fax:  309-787-7895

 

 

 

 

 

Contact:

Anita-Marie Laurie

 

 

 

Romelia Martinez

 

 

 

310-788-2850

 

Eagle Announces Auction Results

Asset Sale Continues;

Second Auction Date Set For August 28

 

 

Milan, Illinois August 20, 2003 – Eagle Food Centers, Inc., which owns and operates supermarkets in Illinois and Iowa, announced today that it has accepted bids for certain assets of eight of its stores.

 

The Kroger Company has emerged as the highest and best bidder for the following six stores: Sterling, IL; Lincoln, IL; Decatur, IL, Ottawa, IL and two stores in Rockford, IL. SVT LLC emerged the successful bidder for the Kankakee, Illinois store and Harold E. Wisted was deemed the successful bidder with respect to the Woodstock, IL store. In addition, on August 19, 2003, a purchase agreement between Eagle Foods and J.B. Sullivan, Inc. was filed with the Court for the sale of Eagle’s Freeport, IL store and will be heard for approval at the September 11th hearing.

 

Eagle intends to submit the results of today’s auction for approval of the sale of such assets by the United States Bankruptcy Court for the Northern District of Illinois at a hearing in Chicago on September 11, 2003.

 

The Company continues to pursue opportunities for the balance of its stores, including setting a subsequent auction for 10 of its stores on August 28th and extending the bid deadline to September 11th for the remaining stores.

 

As previously announced, a court hearing has been scheduled for August 21, 2003 to consider the sale of certain assets of the Dubuque, IL, Moline, IL and Bettendorf, IA locations to Hy-Vee and certain assets of the Rochelle, IL location to J.B. Sullivan, Inc.

 

The Company operates 50 Eagle Country Markets in Iowa and Illinois.

 

# # #

 

This press release includes statements that constitute “forward-looking” statements.  These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.  These

 



 

forward looking statements involve risks and uncertainties that could render them materially different, including, but not limited to, acceptance of the Company’s products in the marketplace, the effect of economic conditions, the impact of current and additional competitive stores and pricing, availability and costs of inventory, employee costs and availability, the rate of technology change, the cost and uncertain outcomes of pending and unforeseen litigation including the Second Bankruptcy Case, the availability and cost of capital including the continued availability of capital under the DIP financing, supply constraints or difficulties, the effect of the Company’s accounting policies, the effect of regulatory and legal developments and other risks detailed in the Company’s Securities and Exchange Commission filings or in material incorporated therein by reference.

 

Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various prepetition liabilities and common stock. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies.  Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.

 

2


EX-99.2 4 a03-2976_1ex99d2.htm EX-99.2

Exhibit 99.2

 

PRESS RELEASE

 

FOR IMMEDIATE RELEASE

 

 

 

 

EAGLE FOOD CENTERS

 

 

P.O. Box 6700, Rock Island, Illinois 61204-6700

 

 

Executive Offices & Distribution Center

 

 

Route 67 & Knoxville Road,

 

 

Milan, Illinois 61264

 

 

Telephone:  309-787-7700/

 

 

Fax:  309-787-7895

 

 

 

 

 

Contact:

Anita-Marie Laurie

 

 

 

Romelia Martinez

 

 

 

310-788-2850

 

Court Approves Sale of Certain Eagle Stores

 

Milan, Illinois — August 21, 2003 – Eagle Food Centers, Inc., which owns and operates supermarkets in Illinois and Iowa, announced today that the U.S. Bankruptcy Court for the Northern District of Illinois approved the sale of certain Eagle stores. The Court approved two separate purchase agreements for certain assets related to three of its stores to Hy-Vee and one store to J.B. Sullivan, Inc.

 

Hy-Vee purchased certain of the assets related to stores in Dubuque, Iowa; Bettendorf, Iowa and Moline, Illinois including the buildings and land of the Dubuque and Bettendorf stores all for approximately $10.83 million in cash.  Under a separate agreement, J.B. Sullivan, Inc. purchased certain of the assets of the store in Rochelle, Illinois for $800,000 plus an amount to be determined for inventory.

 

Completion of the transactions remain subject to certain conditions with a final closing expected by September 22, 2003 for the Hy-Vee transaction and September 5, 2003 for the J.B. Sullivan purchase.

 

As previously announced, a court hearing has been scheduled for September 11, 2003 to consider the sale of certain stores as determined in yesterday’s auction to The Kroger Company, SVT LLC, and Harold E. Wisted.  In addition, the Company selected J.B. Sullivan, Inc. as the highest and best offer in connection with the Eagle store located in Freeport, IL, and the sale is anticipated to be approved at the September 11th hearing.

 

The Company continues to pursue opportunities for the balance of its stores, including setting a subsequent auction for 10 of its stores on August 28th and extending the bid deadline to September 11th for the remaining stores.

 

The Company operates 50 Eagle Country Markets in Iowa and Illinois.

 

# # #

 

This press release includes statements that constitute “forward-looking” statements.  These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.  These forward looking statements involve risks and uncertainties that could render them materially different, including, but not limited to, acceptance of the Company’s products in the marketplace, the effect of economic conditions, the impact of current and additional competitive stores and pricing, availability and costs of

 



 

inventory, employee costs and availability, the rate of technology change, the cost and uncertain outcomes of pending and unforeseen litigation including the Second Bankruptcy Case, the availability and cost of capital including the continued availability of capital under the DIP financing, supply constraints or difficulties, the effect of the Company’s accounting policies, the effect of regulatory and legal developments and other risks detailed in the Company’s Securities and Exchange Commission filings or in material incorporated therein by reference.

 

Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various prepetition liabilities and common stock. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies.  Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.

 

2


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