-----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, Lect2qPKpOdpEPT3ThbaSIN/ybR2Weub4xV5zE+qS6ZdWjABYYBaPElXC7jyORZM Adso6ER5Dq8kU2USccSMTQ== 0000950123-10-077183.txt : 20100813 0000950123-10-077183.hdr.sgml : 20100813 20100813135606 ACCESSION NUMBER: 0000950123-10-077183 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100813 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100813 DATE AS OF CHANGE: 20100813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREAT ATLANTIC & PACIFIC TEA CO INC CENTRAL INDEX KEY: 0000043300 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 131890974 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04141 FILM NUMBER: 101014536 BUSINESS ADDRESS: STREET 1: 2 PARAGON DR CITY: MONTVALE STATE: NJ ZIP: 07645 BUSINESS PHONE: 2015739700 MAIL ADDRESS: STREET 1: 2 PARAGON DRIVE CITY: MONTVALE STATE: NJ ZIP: 07645 8-K 1 c05003e8vk.htm FORM 8-K 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): August 13, 2010

THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.
(Exact name of registrant as specified in its charter)
         
Maryland   1-4141   13-1890974
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
Two Paragon Drive
Montvale, New Jersey
  07645
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (201) 573-9700
 
Not Applicable
(Former name or former address if changed since last report.)

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:

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

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

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

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

 
 

 

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Item 8.01 Other Events

On August 13, 2010, The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP)
announced it will close 25 stores in five states as the Company begins the implementation and execution phase of its comprehensive turnaround. A copy of the press release is attached as Exhibit 99.1 to this Current Report.
 

Item 9.01.   Exhibits.

(d) Exhibits. The following exhibits are filed herewith:

     
Exhibit No.   Description
99.1
  Press Release dated August 13, 2010

 

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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.

         
Dated: August 13, 2010
       
    THE GREAT ATLANTIC & PACIFIC TEA
COMPANY, INC.
 
 
  By:   /s/ Christopher W. McGarry
 
       
 
  Name:   Christopher W. McGarry
 
  Title:   Senior Vice President and General Counsel

 

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EXHIBIT INDEX

     
Exhibit No.   Description
99.1
  Press Release dated August 13, 2010

 

4

EX-99.1 2 c05003exv99w1.htm EXHIBIT 99.1 Exhibit 99.1

(LOGO)

EXHIBIT 99.1

THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC. TO CLOSE 25 STORES AS PART OF TURNAROUND STRATEGY

MONTVALE, N.J. August 13, 2010 – The Great Atlantic & Pacific Tea Company, Inc. (A&P, NYSE Symbol: GAP) today announced that it will close 25 stores in five states as the Company begins the implementation and execution phase of its comprehensive turnaround. The affected stores include locations in close proximity to other Company stores, those facing real estate and cost issues, and underperforming non-core stores. The store closures are expected to be completed in the Company’s fiscal third quarter.

A&P President and Chief Executive Officer Sam Martin said, “As part of our turnaround, we have initiated a detailed review of our store footprint and have decided to close these 25 locations. While this was a very difficult decision that will unfortunately impact some of our customers, partners, communities and employees, these actions are absolutely necessary to strengthen A&P’s operating foundation and improve our performance going forward. We will help our affected colleagues pursue other positions across the Company should open positions be available.”

As part of the store closure process, the Company will encourage loyal customers to shop at its other stores within or in close proximity to their communities.

Mr. Martin continued, “We are moving forward aggressively to advance our turnaround and position A&P for a strong future. Even as we reduce our store base and drive efficiencies across our Company, A&P continues to remodel stores and take other important steps to enhance our customers’ experience across our store formats. To this end, we are set to re-open two newly remodeled stores in the coming month.”

The Company’s operational and revenue-driven turnaround initiative, which was announced late last month, is designed to generate sustained profitability and cash flow, drive sales growth, restore competitive margins to the business and strengthen the foundation of the Company for the long term.

About A&P
Founded in 1859, A&P is one of the nation’s first supermarket chains. The Company currently operates 429 stores in 8 states and the District of Columbia under the following trade names: A&P, Waldbaum’s, Pathmark, Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.

# # #

1

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Investor Contact:
Krystyna Lack
Vice President, Treasury Services
(201) 571-4320

Press contact:
Lauren La Bruno
Senior Director, Public Relations
(201) 571-4453

2

2

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