-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, pfkAyplmFZAtDPFSXwAQ/f4ntIxqRvF1KwLHWV30hiDh2kiHz079Gn9AKdeg6D3M tykYIagKBQYOY25z0SEjBA== 0000037912-95-000011.txt : 19950508 0000037912-95-000011.hdr.sgml : 19950508 ACCESSION NUMBER: 0000037912-95-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950505 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950505 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: FOOD LION INC CENTRAL INDEX KEY: 0000037912 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 560660192 STATE OF INCORPORATION: NC FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06080 FILM NUMBER: 95534726 BUSINESS ADDRESS: STREET 1: P O BOX 1330 STREET 2: 2110 EXECUTIVE DR CITY: SALISBURY STATE: NC ZIP: 28145 BUSINESS PHONE: 7046338250 MAIL ADDRESS: STREET 1: P O BOX 1330 STREET 2: 2110 EXECUTIVE DR CITY: SALISBURY STATE: NC ZIP: 28145 FORMER COMPANY: FORMER CONFORMED NAME: FOOD TOWN STORES INC DATE OF NAME CHANGE: 19830510 8-K 1 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) May 4, 1995. FOOD LION, INC. (Exact name of registrant as specified in its charter) North Carolina 0-6080 56-0660192 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) P.O. Box 1330, 2110 Executive Drive, Salisbury, North Carolina 28145-1330 (704) 633-8250 (Address and telephone number of principal executive offices and principal place of business) N.A. (Former name or former address if changed since last report) Item 5. Other Events. On May 4, 1995, the Board of Directors of Food Lion, Inc. (the "Company") approved the repurchase of up to $100 million worth of the Company's common stock (Class A and Class B) during the next twelve months. The stock repurchase is further described in a press release issued by the Company on May 4, 1995, a copy of which is attached hereto as an exhibit. Item 7. Financial Statements and Exhibits (b) Exhibits Exhibit No. Description 99 Press Release Regarding Share Repurchase 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, thereunto duly authorized. FOOD LION, INC. REGISTRANT BY: Dan A. Boone Chief Financial Officer and Secretary (Duly Authorized Officer) DATE: May 4, 1995 EX-99 2 May 4, 1995 Contact: Chris Ahearn (704) 633-8250, ext.2892 For Immediate Release FOOD LION ANNOUNCES STOCK REPURCHASE Salisbury, NC-- The Board of Directors of Food Lion, Inc. (NASDAQ: FDLNA, FDLNB) has authorized the repurchase of as much as $100 million of Food Lion common shares from time-to-time in the open market. "Food Lion is committed to creating long-term value for our shareholders," explained Food Lion Chairman, President, and Chief Executive Officer Tom Smith at today's annual shareholders meeting. "The Company has completed its restructuring plans, closed less profitable stores, and is on track with its growth strategy. Our financial and operational performance puts us among the top companies in the industry, yet the current stock price does not adequately reflect the increased value of the company. At today's price, Food Lion stock is a good investment in our company's future, and the repurchase program builds value for our shareholders." As of May 4, 1995, the $100 million repurchase plan is the equivalent of 4% of the company's approximately 484 million outstanding shares. Salomon Brothers is the agent for the repurchase program. Food Lion is one of the nation's largest supermarket chains, offering consumers Extra Low Prices and More in 1041 stores in 14 states. -----END PRIVACY-ENHANCED MESSAGE-----