-----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, UPJF2+3G2ML+NHXfeWPP4nbuolmSajg1zNQc/dq7zcZklV9GPs4pEhBWu/4siWXQ bcDOUJLXsczvbklkBpR1fQ== 0000950134-03-009182.txt : 20030613 0000950134-03-009182.hdr.sgml : 20030613 20030613171838 ACCESSION NUMBER: 0000950134-03-009182 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030613 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLEMING COMPANIES INC /OK/ CENTRAL INDEX KEY: 0000352949 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & GENERAL LINE [5141] IRS NUMBER: 480222760 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08140 FILM NUMBER: 03744263 BUSINESS ADDRESS: STREET 1: 1945 LAKEPOINTE DRIVE CITY: LEWISVILLE STATE: TX ZIP: 73126 BUSINESS PHONE: 4058407200 MAIL ADDRESS: STREET 1: 1945 LAKEPOINT DRIVE CITY: LEWISVILLE STATE: TX ZIP: 75057 8-K 1 d06785e8vk.txt FORM 8-K ================================================================================ 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): June 13, 2003 FLEMING COMPANIES, INC. (Exact name of Registrant as specified in its charter) OKLAHOMA 1-8140 48-0222760 (State of incorporation (Commission file number) (I.R.S. employer identification number) or organization) 1945 LAKEPOINTE DRIVE LEWISVILLE, TEXAS 75057 (Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (972) 906-8000 ================================================================================ ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE. On June 13, 2003, Fleming Companies, Inc. (the "Company") issued a press release announcing key strategic initiatives with respect to the Company, including initiatives for its core grocery wholesale business and its separate Core-Mark subsidiary. The Company announced that it will continue its operational improvement initiatives in both its core grocery wholesale business and its separate Core-Mark subsidiary while also exploring strategic sale opportunities in response to inquiries from potential buyers. The Company also announced that the Company has decided to discontinue operations at and close the following three grocery wholesale divisions: Geneva, Alabama; Lafayette, Louisiana; and Superior, Wisconsin. The selected divisions are scheduled to discontinue operations by the end of July 2003. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. Pursuant to the rules and regulations of the Securities and Exchange Commission, the exhibit referenced below and the information set forth therein are deemed to have been furnished pursuant to Item 9 hereof and shall not be deemed to have been "filed" under the Securities Exchange Act of 1934. (c) EXHIBITS EXHIBIT NUMBER DESCRIPTION 99.1 -- Press release dated June 13, 2003. ITEM 9. REGULATION FD DISCLOSURE. On June 13, 2003, the Company issued a press release announcing the matters referenced in Item 5 hereof. A copy of such press releases is furnished as an exhibit to this Current Report. Pursuant to the rules and regulations of the Securities and Exchange Commission, such press release and the information set forth therein is deemed to have been furnished pursuant to this Item 9 and shall not be deemed to have been "filed" under the Securities Exchange Act of 1934. 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. FLEMING COMPANIES, INC. Date: June 13, 2003 By: /s/ EDWARD J. STENGER -------------------------------------- Edward J. Stenger Chief Restructuring Officer INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 -- Press release dated June 13, 2003.
EX-99.1 3 d06785exv99w1.txt PRESS RELEASE EXHIBIT 99.1 FLEMING ANNOUNCES KEY STRATEGIC INITIATIVES DALLAS, June 13 /PRNewswire-FirstCall/ -- Fleming Companies, Inc. today announced key strategic initiatives to maximize the value of the company. Fleming will continue its operational improvement initiatives in its core grocery wholesale and separate Core-Mark convenience subsidiary, while simultaneously exploring strategic sale opportunities in response to a number of inquiries from potential buyers. Grocery Wholesale Operations With regard to Fleming's grocery wholesale business, the company will focus on restoring service levels to historic standards. The company will continue to work with its vendors to make additional progress in terms of restoring trade support. To further concentrate resources on restoring high levels of customer service at core divisions, the company will rationalize its grocery wholesale business by focusing on its most profitable units and closing selected facilities, where appropriate. Substantial progress has been achieved with vendors that is enhancing, and should continue to improve, Fleming's ability to increase customer service levels. At this point, Fleming has approximately $200 million of negotiated vendor credit lines, which is expected to help further bolster operations. Additionally, in response to interest from potential financial and strategic buyers, Fleming is exploring the possible sale of its grocery wholesale business. Fleming also announced today that, upon completion of a detailed analysis and in keeping with the company's commitment to focus resources on core distribution assets, the company has decided to discontinue operations at three grocery wholesale divisions. Fleming is closing its grocery wholesale divisions in Geneva, Alabama; Lafayette, Louisiana; and Superior, Wisconsin. The selected divisions are scheduled to discontinue operations by the end of July 2003. The company is committed to assisting the affected retail customers in their successful transfer to new suppliers, as practicable. The company expects to immediately begin transferring inventory from the closing divisions to other Fleming wholesale distribution facilities. The Core-Mark convenience subsidiary is not affected by these closure actions. Core-Mark Convenience Subsidiary The company will continue the positive operational progress made at its San Francisco-based Core-Mark subsidiary, which operates as a separate business and legal entity. Management is pleased with Core-Mark's results and its stabilization efforts to date. The company expects these efforts to be substantially complete in the near future, at which time service levels and other aspects of customer support are anticipated to be at historic levels. Core-Mark has maintained positive EBITDA and cash flow since the Chapter 11 filing. In addition, Fleming has received multiple expressions of interest from potential financial and strategic buyers of Core-Mark and is currently assessing these alternatives. Pete Willmott, Interim President and Chief Executive Officer, said, "Over the next weeks and months, we will further focus resources on our grocery wholesale divisions to continue improvement in service levels for our customers. We will also maintain our support of the Core-Mark convenience subsidiary. Simultaneously, we will explore inquiries from possible financial and strategic buyers of our grocery wholesale business and Core-Mark subsidiary." About Fleming Fleming (OTC Pink Sheets: FLMIQ) is a supplier of consumer package goods to independent supermarkets, convenience-oriented retailers and other retail formats around the country. To learn more about Fleming, visit our Web site at http://www.fleming.com . Fleming and its operating subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on April 1, 2003. The filings were made in the U.S. Bankruptcy Court in Wilmington, Delaware. Fleming's court filings are available via the court's website, at www.deb.uscourts.gov . Forward-Looking Statement This document contains forward-looking statements regarding future events. These forward-looking statements are subject to a number of factors that could cause actual results to differ materially from those stated in this release, including without limitation: the ability of the company to continue as a going concern; the ability of the company to operate pursuant to the terms of the DIP facility; court approval of the company's motions prosecuted by it from time to time; the ability of the company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; the ability of the company to obtain trade credit, and shipments and terms with vendors and service providers for current orders; the company's ability to maintain contracts that are critical to its operations; potential adverse developments with respect to the company's liquidity or results of operations; the ability to fund and execute its business plan; the ability to attract, retain and compensate key executives and associates; the ability of the company to attract and retain customers; changes in general economic conditions; and, the ability to successfully sell the company's retail operations. Additional information about these and other factors is contained in Fleming's reports and filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made and Fleming undertakes no obligation to update forward-looking statements to reflect developments or information obtained after the date of this release. CONTACT: SHANE BOYD 972.906.2125 SOURCE Fleming
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