0001204459-12-000885.txt : 20120427 0001204459-12-000885.hdr.sgml : 20120427 20120427155033 ACCESSION NUMBER: 0001204459-12-000885 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120427 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120427 DATE AS OF CHANGE: 20120427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SunOpta Inc. CENTRAL INDEX KEY: 0000351834 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-FARM PRODUCT RAW MATERIALS [5150] IRS NUMBER: 000000000 FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34198 FILM NUMBER: 12789282 BUSINESS ADDRESS: STREET 1: 2838 BOVAIRD DRIVE WEST CITY: BRAMPTON STATE: A6 ZIP: L7A 0H2 BUSINESS PHONE: (905) 455-1990 MAIL ADDRESS: STREET 1: 2838 BOVAIRD DRIVE WEST CITY: BRAMPTON STATE: A6 ZIP: L7A 0H2 FORMER COMPANY: FORMER CONFORMED NAME: SUNOPTA INC DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: STAKE TECHNOLOGY LTD DATE OF NAME CHANGE: 19940901 8-K 1 form8k.htm FORM 8-K SunOpta Inc.: Form 8-K - Filed by newsfilecorp.com

UNITED STATES
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): April 27, 2012

SUNOPTA INC.
(Exact name of registrant as specified in its charter)

Canada 001-34198 Not Applicable
(State or other jurisdiction of (Commission File Number) (IRS Employer Identification
incorporation)   No.)

2838 Bovaird Drive West
Brampton, Ontario, L7A 0H2, Canada
(Address of Principal Executive Offices)

(905) 455-1990
(Registrant's telephone number, including area code)

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:

[   ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[   ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[   ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))



ITEM 7.01 REGULATION FD DISCLOSURE

On February 27, 2012, SunOpta Inc. (the “Company”) announced that a process had been undertaken in an effort to streamline operations, drive efficiencies and better align product innovation and commercial activities. In connection with this process, the operating segments within SunOpta Foods have been re-aligned to better reflect the markets and customers serviced, rather than by product groupings. As a result, the former Fruit Group has been eliminated and a new Consumer Products Group has been created to focus on non-grains based consumer packaged goods and is comprised of the Frozen Foods and Healthy Snacks operations which were part of the former Fruit Group, and the Food Solutions operations which were formerly part of the International Foods Group. The Fruit Ingredient operation of the former Fruit Group has been merged with the existing Ingredients Group. Following the re-alignment, the International Foods Group comprises the Company’s international sourcing and supply operations (Tradin Organic) and the operations of Purity Life Health Products. The Grains and Foods Group remains unchanged. With this realignment, SunOpta Foods consists of four operating segments: Grains and Foods, Ingredients, Consumer Products and International Foods. The Company will begin reporting segmented information based on its new operating segments for the quarter ended March 31, 2012, with prior periods adjusted accordingly.

This Form 8-K provides a summary of the effects of the above reporting changes on SunOpta Foods’ historical operating segment results for fiscal years 2011 and 2010. The information contained in this Form 8-K is being furnished pursuant to Regulation FD in order to provide the financial community with summary financial information and historical data that is on a basis consistent with SunOpta Foods’ new segment reporting structure.

The information furnished in Item 7.01, including the exhibit attached hereto, shall not be deemed “filed” for any purpose, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language in any such filing. This report will not be deemed an admission as to the materiality of any information in the report that is provided in connection with Regulation FD.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No. Description
99.1 Segmented Information – As Recast


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.

  SUNOPTA INC.
     
  By: /s/ Robert McKeracher                                             
     
    Robert McKeracher
    Vice President and Chief Financial Officer
     
  Date: April 27, 2012


EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 SunOpta Inc.: Exhibit 99.1 - Filed by newsfilecorp.com

Exhibit 99.1

Segmented Information – As Recast

The following tables present the reportable operating segments for SunOpta Foods, as recast (unaudited, in thousands of U.S. dollars):

SunOpta Foods (Total)               Fiscal 2011                 Fiscal 2010  
    Q1     Q2     Q3     Q4     Full Year     Full Year  
Revenues $  238,983   $  265,766   $  248,318   $  235,889   $  988,956   $  817,441  
Gross profit   30,383     28,304     27,718     24,580     110,985     121,454  
Operating income   11,044     8,483     8,564     5,295     33,386     46,442  
                                     
Identifiable assets                           484,185     472,473  
Depreciation and amortization                           14,465     12,642  
Goodwill                           42,161     41,842  
Expenditures on property plant and equipment                           14,469     15,214  
                                     
                                     
Grains and Foods               Fiscal 2011                 Fiscal 2010  
    Q1     Q2     Q3     Q4     Full Year     Full Year  
Revenues $  115,267   $  125,108   $  121,596   $  117,224   $  479,195   $  364,905  
Gross profit   12,002     10,928     10,125     12,944     45,999     47,101  
Operating income   6,288     5,280     4,394     6,851     22,813     28,003  
                                     
Identifiable assets                           235,563     234,522  
Depreciation and amortization                           6,894     4,894  
Goodwill                           19,066     19,066  
Expenditures on property plant and equipment                           9,182     6,038  
                                     
                                     
Ingredients               Fiscal 2011                 Fiscal 2010  
    Q1     Q2     Q3     Q4     Full Year     Full Year  
Revenues $  25,936   $  23,700   $  21,966   $  19,472   $  91,074   $  116,529  
Gross profit   5,490     4,343     4,446     3,172     17,451     30,621  
Operating income   2,966     1,661     2,065     391     7,083     18,870  
                                     
Identifiable assets                           61,426     59,846  
Depreciation and amortization                           2,454     2,159  
Goodwill                           12,030     12,030  
Expenditures on property plant and equipment                           1,985     7,754  
                                     
                                     
Consumer Products               Fiscal 2011                 Fiscal 2010  
    Q1     Q2     Q3     Q4     Full Year     Full Year  
Revenues $  35,944   $  47,747   $  42,066   $  39,482   $  165,239   $  134,768  
Gross profit (loss)   3,379     4,069     3,997     (109 )   11,336     14,959  
Operating income (loss)   (478 )   122     205     (3,827 )   (3,978 )   (1,302 )
                                     
Identifiable assets                           64,818     71,307  
Depreciation and amortization                           2,478     3,291  
Goodwill                           2,934     2,346  
Expenditures on property plant and equipment                           2,940     939  
                                     
International Foods               Fiscal 2011                 Fiscal 2010  
    Q1     Q2     Q3     Q4     Full Year     Full Year  
Revenues $  61,836   $  69,211   $  62,690   $  59,711   $  253,448   $  201,239  
Gross profit   9,512     8,964     9,150     8,573     36,199     28,773  
Operating income   2,268     1,420     1,900     1,880     7,468     871  
                                     
Identifiable assets                           122,378     106,798  
Depreciation and amortization                           2,639     2,298  
Goodwill                           8,131     8,400  
Expenditures on property plant and equipment                           362     483