-----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, U/H/hhIXuqAXB7sMXsPf7FKl4Vypim8bqxH0OZVE89ACWyvx4t1IRcAq82qpnwh4 Ep6LIAvsJYFp2iKIFQRulg== 0000950152-07-005561.txt : 20070629 0000950152-07-005561.hdr.sgml : 20070629 20070629151317 ACCESSION NUMBER: 0000950152-07-005561 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070629 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070629 DATE AS OF CHANGE: 20070629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LANCASTER COLONY CORP CENTRAL INDEX KEY: 0000057515 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 131955943 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04065 FILM NUMBER: 07950493 BUSINESS ADDRESS: STREET 1: 37 W. BROAD STREET STREET 2: 5TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142247141 MAIL ADDRESS: STREET 1: 37 W. BROAD STREET STREET 2: 5TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 8-K 1 l26889ae8vk.htm LANCASTER COLONY CORPORATION 8-K Lancaster Colony Corporation 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: June 29, 2007
(Date of earliest event reported)
Commission file number 0-4065-1
 
Lancaster Colony Corporation
(Exact name of registrant as specified in its charter)
     
Ohio
(State or other jurisdiction of
incorporation or organization)
  13-1955943
(I.R.S. Employer
Identification No.)
     
37 West Broad Street
Columbus, Ohio

(Address of principal executive offices)
  43215
(Zip Code)
614-224-7141
(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:
    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))
 
 

 


 

Item 8.01 Other Matters
     On June 29, 2007, Lancaster Colony Corporation (the “Company”) sold substantially all the operating assets of its automotive accessory operations located in Coshocton, Ohio and LaGrange, Georgia. This transaction results from the Company’s ongoing exploration of strategic alternatives among its nonfood operations. The Company anticipates a pretax loss on the transaction of approximately $24 — $26 million, pending customary post-closing adjustments.
     A copy of a press release issued by the Company announcing this event is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
  (c)   Exhibits:
  99.1   Press Release dated June 29, 2007, filed herewith.

 


 

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.
         
 
Lancaster Colony Corporation  
 
  (Registrant)
 
 
Date: June 29, 2007  By:   /s/John L. Boylan    
   
John L. Boylan 
 
   
Treasurer, Vice President,
Assistant Secretary and
Chief Financial Officer
(Principal Financial
and Accounting Officer)
 
 
 

 


 

INDEX TO EXHIBITS
         
Exhibit        
Number   Description   Located at
99.1
  Press Release dated June 29, 2007   Filed herewith

 

EX-99.1 2 l26889aexv99w1.htm EX-99.1 EX-99.1
 

     Exhibit 99.1
     
FOR IMMEDIATE RELEASE
Friday, June 29, 2007
  SYMBOL: LANC
TRADED: Nasdaq
 
LANCASTER COLONY SELLS AUTOMOTIVE FLOOR MAT OPERATIONS
     COLUMBUS, Ohio, June 29 — Lancaster Colony Corporation (Nasdaq: LANC) announced today that, as part of its strategic alternative review of nonfood operations, it has sold substantially all the operating assets of its automotive accessory operations located in Coshocton, Ohio and LaGrange, Georgia. The primary products manufactured at these locations are automotive floor mats, which generated net sales of approximately $76 million for the fiscal year ended June 30, 2006.
     John B. Gerlach, Jr., chairman and CEO of Lancaster Colony, said, “This divestiture is consistent with our objective to concentrate our future effort and investment in the food sector.”
     This cash transaction with a private buyer is expected to result in a pretax loss of approximately $24 — $26 million, pending customary post-closing adjustments. The Coshocton real estate will be retained by Lancaster Colony.
     We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). This news release contains various “forward–looking statements” within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words “anticipate,” “estimate,” “project,” “believe,” “intend,” “plan,” “expect,” “hope” or similar words. These statements discuss future expectations, contain projections regarding future developments, operations or financial conditions, or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed in the forward-looking statements. Actual results may differ as a result of factors over which we have no, or limited, control including the strength of the economy, slower than anticipated sales growth, the extent of operational efficiencies achieved, the success of new product introductions, price and product competition, and increases in energy and raw-material costs. Specific influences relating to forward-looking statements in this news release are numerous, including the uncertainty regarding the extent of post-closing adjustments and the buyer’s compliance with its obligations under the transaction documents. Management believes these forward-looking statements to be reasonable; however, undue reliance should not be placed on such statements that are based on current expectations. We undertake no obligation to update such forward-looking statements. More detailed statements regarding significant events that could affect our financial results are included in our annual report on Form 10-K as filed with the Securities and Exchange Commission.
#####
     
FOR FURTHER INFORMATION:
  Investor Relations Consultants, Inc.
 
  Phone: 727/781-5577 or E-mail: lanc@mindspring.com

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