-----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, RYh/ncSAd4zprg12WP9/c8FHEYOjitjmJU9X89rWmc/uw3yRM/4eFfWTLl64LqZt c0Agz9vsnl654XcTyWiYSQ== 0000950123-96-003577.txt : 19960715 0000950123-96-003577.hdr.sgml : 19960715 ACCESSION NUMBER: 0000950123-96-003577 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950525 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960712 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: HANOVER DIRECT INC CENTRAL INDEX KEY: 0000320333 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 138053260 STATE OF INCORPORATION: NV FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08056 FILM NUMBER: 96593962 BUSINESS ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 BUSINESS PHONE: 2018653800 MAIL ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 FORMER COMPANY: FORMER CONFORMED NAME: HORN & HARDART CO /NV/ DATE OF NAME CHANGE: 19920703 8-K/A 1 AMENDMENT NO. 2 TO FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------ FORM 8-K/A2 (Amendment No. 2) 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 25, 1995 ------------ HANOVER DIRECT, INC. ---------------------------------------------------- (Exact name of registrant as specified in its charter) 1-12082 -------------------------- (Commission File Number) Delaware 13-0853260 ------------------------- -------------------- (State or other jurisdiction (I.R.S. Employer of incorporation) Identification Number) 1500 Harbor Boulevard Weehawken, New Jersey 07087 -------------------------- ---------- (Address of principal (Zip Code) executive offices) Registrant's telephone number, including area code (201) 863-7300 -------------- ---------------------------------------------------------------- (Former name or former address, if changed since last report) 2 EXPLANATORY NOTE This Form 8-K/A2 is being filed by Hanover Direct, Inc. a Delaware corporation (the "Company"), as an amendment to its Current Report on Form 8-K dated May 25, 1995, amended April 16, 1996, to amend Item 7(b) to reflect the pro forma financial adjustments TO THE CONDENSED CONSOLIDATED PROFORMA STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 1994 for ACQUISITION OF the Leichtung Workshops and the Safety Zone by the Company. -2- 3 Item 7. Financial Statements and Exhibits. * * * (b) Pro Forma Financial Information Hanover Direct, Inc. -- Pro Forma Consolidated Condensed Financial Statements (Unaudited) Condensed Consolidated Pro Forma Statement of Operations for the year ended December 31, 1994 -3- 4 Item 7(b) Hanover Direct, Inc. Condensed Consolidated Proforma Statement of Operations 12/31/94 (Unaudited) Dollar amounts in thousands, except per share amounts
Hanover Austad Safety Direct, Inc. Company Adjustments Adjusted Leichtung Zone Adjusted ----------- -------- ------------------------------- --------- ------ -------- Net Sales 768,888 39,198 808,082 26,517 14,183 848,782 Cost of Sales 486,477 24,689 (76) (c) 514,897 9,512 6,874 531,283 ---------- ------ ---------- ------ ------ ---------- 3,807 (b) Gross Profits 282,407 14,509 (3,731) 293,183 17,005 7,309 317,499 ---------- Selling, General & 266,432 15,180 148 (a) 277,953 16,840 7,591 302,384 ---------- ------ ---------- ------ ------ ---------- Administrative (3,807) (b) Operating income (loss) 15,975 (671) (72) 15,232 165 (282) 15,115 ---------- ------ ---------- ------ ------ ---------- Other (income) expense Interest 2,813 1,109 240 (d) 4,162 1,311 79 5,552 Other (income) expense, net 1,833 7 0 (e) 1,840 (2,005) (6) (171) ---------- ------ ---------- ------ ------ ---------- Income (loss) before taxes 11,329 (1,787) (312) 9,230 859 (355) 9,734 Income tax (benefit) expense (3,509) 0 0 (3,509) 152 0 (3,357) ---------- ------ ---------- ------ ------ ---------- Net Income 14,838 (1,787) (312) 12,739 707 (355) 3,091 Preferred Stock Dividends 135 0 0 135 0 0 135 ---------- ------ ---------- ------ ------ ---------- Net income (loss) applicable to 14,703 (1,787) (312) 12,604 707 (355) 12,956 common ---------- ------ ---------- ------ ------ ---------- EPS 0.16 0.14 0.14 Average Shares Outstanding 93,285,190 93,285,190 93,285,190
a) Reflects the revised depreciation of property and equipment and amortization of goodwill and intangible assets. b) Reflects the reclassification of certain Austad expenses to conform to Hanover's method of presentation. c) Reflects the cost savings to Austad from the reduced telecommunication rate under Hanover's contract. d) Reflects increased interest expense from the $4,400 of incremental Hanover borrowings, partially offset by reduced interest expense from the reduction of Austad's short term borrowings. e) Due to the debit balance in the minority interest account, there is no minority interest impact on the statement of operations. -4- 5 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. HANOVER DIRECT, INC. ------------------------------- (Registrant) July 12, 1996 By: /s/ Wayne P. Garten ------------------------------- Name: Wayne P. Garten Title: Executive Vice President & Chief Financial Officer -5- -----END PRIVACY-ENHANCED MESSAGE-----