-----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, SkiAGWBOfl14H7UtGGpP3Ik2scYf7glIB5Kcs7bnKmBY1tUsk6wqvisgcQLR3Pwt EwwdTw7vBd2CFS8M4xt2IQ== 0000715633-95-000008.txt : 199506300000715633-95-000008.hdr.sgml : 19950630 ACCESSION NUMBER: 0000715633-95-000008 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950628 FILED AS OF DATE: 19950629 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VONS COMPANIES INC CENTRAL INDEX KEY: 0000715633 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 381623900 STATE OF INCORPORATION: MI FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08452 FILM NUMBER: 95550397 BUSINESS ADDRESS: STREET 1: 618 MICHILLINDA AVE CITY: ARCADIA STATE: CA ZIP: 91007 BUSINESS PHONE: 8188217000 MAIL ADDRESS: STREET 1: 618 MICHILLINDA AVENUE CITY: ARCADIA STATE: CA ZIP: 91007 FORMER COMPANY: FORMER CONFORMED NAME: ALLIED SUPERMARKETS INC /MI//NEW/ DATE OF NAME CHANGE: 19870805 11-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 1994 ------------------------------------- OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to ------------- ------------- Commission file number 1-8452 ---------------------------------------- A. Full title of the plan and the address of the plan, if different from that of the issuer named below: VONS PERSONAL CHOICE PROFIT SHARING PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: The Vons Companies, Inc. 618 Michillinda Avenue Arcadia, California 91007 VONS PERSONAL CHOICE PROFIT SHARING PLAN ---------------------------------------- Financial Statements for the Years Ended December 31, 1994, 1993, and 1992 and Financial Schedules for the Year Ended December 31, 1994 (With Independent Auditors' Report Thereon) VONS PERSONAL CHOICE PROFIT SHARING PLAN TABLE OF CONTENTS
Page ----- Independent Auditors' Report 2 Financial Statements: Statements of Net Assets Available for Benefits December 31, 1994 and 1993 3 Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 1994, 1993 and 1992 5 Notes to Financial Statements 11 Schedule -------- Item 27d - Schedule of Reportable Transactions for the Year Ended December 31, 1994 1 Item 27a - Assets Held For Investment Purposes at December 31, 1994 2 All other schedules omitted are not applicable or are not required based on disclosure requirements of the Employee Retirement Income Security Act of 1974 and regulations issued by the Department of Labor.
[This page appears on KPMG Peat Marwick LLP letterhead] INDEPENDENT AUDITORS' REPORT The Management Compensation Committee The Vons Companies, Inc. We have audited the accompanying statements of net assets available for benefits of the Vons Personal Choice Profit Sharing Plan as of December 31, 1994 and 1993, and the related statements of changes in net assets available for benefits for each of the years in the three year period ended December 31, 1994. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Vons Personal Choice Profit Sharing Plan as of December 31, 1994 and 1993, and the changes in net assets available for benefits for each of the years in the three-year period ended December 31, 1994 in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information included in Schedules 1 and 2 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The separate fund information in the statements of net assets available for benefits and the statements of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for plan benefits and changes in net assets available for plan benefits of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/ KPMG Peat Marwick LLP June 20, 1995 VONS PERSONAL CHOICE PROFIT SHARING PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 1994 and 1993
1994 1993 ------------ ------------ Fixed Income Fund Account: Cash $ 746,544 $ 6,922,089 Commercial paper - 1,317,635 Investment contracts 48,887,972 45,147,905 Government and government agency obligations 9,952,340 7,523,362 Corporate debt instruments 2,328,829 737,985 Other investments - 506,366 Employer contribution receivable 1,995,907 1,527,884 Employee contribution receivable 161,630 205,572 Investment income receivable 204,558 242,765 Administrative expenses payable (36,716) (47,558) ------------ ------------ Total Fixed Income Fund Account 64,241,064 64,084,005 ------------ ------------ Equity Fund Account: Cash 3,526 8,274 Commingled funds 19,363,958 18,057,386 Employer contribution receivable 1,299,660 1,018,589 Employee contribution receivable 107,752 90,452 Administrative expenses payable (8,667) (14,078) ------------ ------------ Total Equity Fund Account 20,766,229 19,160,623 ------------ ------------ Multi-Asset Fund Account: Cash 81,924 174,065 Commingled funds 8,697,660 7,344,654 Employer contribution receivable 789,079 800,320 Employee contribution receivable 80,800 69,895 Investment income receivable 18,614 13,005 Administrative expenses payable (3,391) (16,848) ------------ ------------ Total Multi-Asset Fund Account 9,664,686 8,385,091 ------------ ------------ VONStock Fund Account: Cash 59,482 12,105 Investment in The Vons Companies, Inc. common stock 4,835,897 3,637,776 Employer contribution receivable 556,997 291,025 Employee contribution receivable 34,644 45,226 Administrative expenses payable (2,625) (2,697) ------------ ------------ Total VONStock Fund Account 5,484,395 3,983,435 ------------ ------------ Net assets available for benefits $100,156,374 $ 95,613,154 ------------ ------------ ------------ ------------ See accompanying notes to these financial statements.
VONS PERSONAL CHOICE PROFIT SHARING PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1994
FIXED MULTI- INCOME EQUITY ASSET VONSTOCK FUND FUND FUND FUND ACCOUNT ACCOUNT ACCOUNT ACCOUNT TOTAL ----------- ----------- ----------- ----------- ------------ Net assets available for benefits at beginning of year $64,084,005 $19,160,623 $ 8,385,091 $ 3,983,435 $ 95,613,154 ----------- ----------- ----------- ----------- ------------ Additions: Employee contributions 2,030,046 1,329,648 1,020,698 408,338 4,788,730 Employer contributions 1,995,907 1,299,660 789,079 556,997 4,641,643 Interest 4,160,595 3,084 8,401 1,536 4,173,616 Dividends - 545,311 415,444 - 960,755 Net appreciation (depreciation) in fair value of investments (865,056) (242,900) (449,180) 470,918 (1,086,218) Interfund transfers (277,293) (164,440) 86,773 354,960 - ----------- ----------- ----------- ----------- ------------ Total additions 7,044,199 2,770,363 1,871,215 1,792,749 13,478,526 ----------- ----------- ----------- ----------- ------------ Deductions: Benefits 6,736,744 1,131,075 516,481 281,508 8,665,808 Administrative expenses 150,396 33,682 75,139 10,281 269,498 ----------- ----------- ----------- ----------- ------------ Total deductions 6,887,140 1,164,757 591,620 291,789 8,935,306 ----------- ----------- ----------- ----------- ------------ Net assets available for benefits at end of year $64,241,064 $20,766,229 $ 9,664,686 $ 5,484,395 $100,156,374 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- See accompanying notes to these financial statements.
VONS PERSONAL CHOICE PROFIT SHARING PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1993
FIXED MULTI- INCOME EQUITY ASSET VONSTOCK FUND FUND FUND FUND ACCOUNT ACCOUNT ACCOUNT ACCOUNT TOTAL ----------- ----------- ----------- ----------- ----------- Net assets available for benefits at beginning of year $58,003,125 $14,892,813 $ 5,839,645 $ 5,349,166 $84,084,749 ----------- ----------- ----------- ----------- ----------- Additions: Employee contributions 2,682,903 1,165,175 836,662 615,196 5,299,936 Employer contributions 1,527,884 1,018,589 800,320 291,025 3,637,818 Interest 4,217,730 31,198 8,594 2,291 4,259,813 Dividends - 632,154 300,378 - 932,532 Net appreciation (depreciation)in fair value of investments 480,146 1,947,544 354,527 (1,908,300) 873,917 Interfund transfers (398,690) 106,959 441,966 (150,235) - ----------- ----------- ----------- ----------- ----------- Total additions 8,509,973 4,901,619 2,742,447 (1,150,023) 15,004,016 ----------- ----------- ----------- ----------- ----------- Deductions: Benefits 2,269,918 541,593 144,963 205,545 3,162,019 Administrative expenses 159,175 92,216 52,038 10,163 313,592 ----------- ----------- ----------- ----------- ----------- Total deductions 2,429,093 633,809 197,001 215,708 3,475,611 ----------- ----------- ----------- ----------- ----------- Net assets available for benefits at end of year $64,084,005 $19,160,623 $ 8,385,091 $ 3,983,435 $95,613,154 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- See accompanying notes to these financial statements.
VONS PERSONAL CHOICE PROFIT SHARING PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1992
FIXED MULTI- INCOME EQUITY ASSET VONSTOCK FUND FUND FUND FUND ACCOUNT ACCOUNT ACCOUNT ACCOUNT TOTAL ----------- ----------- ----------- ----------- ----------- Net assets available for benefits at beginning of year $52,907,335 $11,051,494 $ 3,558,487 $ 3,763,044 $71,280,360 ----------- ----------- ----------- ----------- ----------- Additions: Employee contributions 2,617,014 1,128,765 577,440 598,780 4,921,999 Employer contributions 3,617,961 1,489,749 1,135,047 851,285 7,094,042 Interest 4,073,536 56,601 76,392 2,841 4,209,370 Dividends - 333,283 113,026 - 446,309 Net appreciation (depreciation) in fair value of investments (179,540) (10,602) 14,604 150,188 (25,350) Interfund transfers (2,451,243) 1,733,450 519,761 198,032 - ----------- ----------- ----------- ----------- ----------- Total additions 7,677,728 4,731,246 2,436,270 1,801,126 16,646,370 ----------- ----------- ----------- ----------- ----------- Deductions: Benefits 2,448,932 780,227 115,736 200,567 3,545,462 Administrative expenses 133,006 109,700 39,376 14,437 296,519 ----------- ----------- ----------- ----------- ----------- Total deductions 2,581,938 889,927 155,112 215,004 3,841,981 ----------- ----------- ----------- ----------- ----------- Net assets available for benefits at end of year $58,003,125 $14,892,813 $ 5,839,645 $ 5,349,166 $84,084,749 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- See accompanying notes to these financial statements.
VONS PERSONAL CHOICE PROFIT SHARING PLAN NOTES TO FINANCIAL STATEMENTS 1. GENERAL DESCRIPTION OF THE PLAN The Vons Personal Choice Profit Sharing Plan (Plan) is a defined contribution plan sponsored by The Vons Companies, Inc. (Vons or Sponsor) subject to the requirements of the Employee Retirement Income Security Act of 1974 (ERISA). The specific provisions of the Plan, including eligibility, contributions, priorities upon termination and benefit information, are contained in the Plan document which governs the legal operations of the Plan. 2. SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting ------------------- The accounts of the Plan are maintained on the accrual basis of accounting. Certain reclassifications were made to prior years' balances for comparative purposes. Cash and commercial paper include investments with maturities of less than one year for which cost approximates market. Investment contracts with insurance companies are valued at contract value. Contract value represents contributions made under the contract plus interest at the contract rate. Other investment contracts contain a redemption feature such that fair value approximates cost. Government obligations, corporate debt and other investments in the Fixed Income Fund account are valued at fair value, which are based upon quoted market prices of the underlying assets. The investments of the Equity, Multi-Asset and VONStock Fund accounts are valued at fair value, which are based upon quoted market prices of the underlying assets or upon the trustee's good faith estimate of fair value. Administrative Expenses ----------------------- Certain administrative expenses incurred by the Plan are absorbed by the Sponsor of the Plan. Such administrative expenses are not significant to the accompanying financial statements. 3. CONTRIBUTIONS The Sponsor at its discretion determines the amount of its profit sharing contribution which is allocated to employees based upon their compensation. Employees designate their profit sharing allocation as contributions to the Plan, as contributions to the Sponsor's flexible benefits program, or as taxable compensation. Those employees who elect to contribute their profit sharing allocation to the Plan receive a matching contribution from the Sponsor. Under the flexible benefits program, employees may contribute any unused amounts into the Plan. In addition, employees may make salary reduction pre-tax contributions. However, these pre-tax contributions are not matched by the Sponsor. Participants designate the investment funds in which their accounts will be invested. At December 31, 1994, forfeited nonvested accounts totaled $86,408 and were used to reduce employer contributions. 4. INVESTMENT FUNDS The Plan offers four investment funds. The Fixed Income Fund invests in investment contracts, United States and foreign government obligations, corporate fixed income obligations and money market investments. During 1994 and the latter half of 1993, the Equity Fund was comprised of an investment in a S&P 500 index fund consisting of common stocks of United States companies included in the S&P 500. During the first half of 1993, the Equity Fund primarily included investments in common stocks of United States companies. The Multi- Asset Fund includes investments in a commingled fund comprised of domestic and international stocks and bonds and money market investments. The VONStock Fund invests in common stock of Vons purchased on the open market by a third- party administrator. 5. DERIVATIVE FINANCIAL INSTRUMENTS The Fixed Income Fund, Equity Fund and Multi-Asset Fund may use commonly structured derivative financial instruments (including, but not limited to, futures, options, swaps, caps and floors) to manage transaction costs, interest rate risk, exchange rate risk and maturity risk. Derivative financial instruments may not be used for the sole purpose of yield enhancement and the use of leverage is not permitted. 6. INVESTMENT CONTRACTS Interest rates of investment contracts range from 5.1% to 9.4%. 7. INVESTMENTS IN EXCESS OF FIVE PERCENT OF NET ASSETS Investments in excess of five percent of net assets at December 31, 1994 were as follows:
December 31, 1994 ------------ American National Multiple Fund Investment Trust, 134,865 shares $ 19,229,150 Brinson Global Securities Fund, 64,700 shares 8,697,660 Investments in excess of five percent of net assets at December 31, 1993 were as follows:
December 31, 1993 ------------ American National Multiple Fund, Investment Trust, 126,731 shares $ 17,824,856 Brinson Global Securities Fund, 54,251 shares 7,344,654 Union Bank Money Market Fund, 7,116,533 units 7,116,533 The Great-West Life Insurance Company, investment contract, 9.41%, due July 31, 1994 4,870,244
8. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 The following is a reconciliation of net assets available for benefits per the accompanying financial statements to the Form 5500, which is filed with the Internal Revenue Service, for 1994 and 1993:
December 31, December 31, 1994 1993 ------------ ------------ Net assets available for benefits per the financial statements $100,156,374 $ 95,613,154 Amounts allocated to withdrawing participants (1,206,336) (1,911,131) ------------ ------------ Net assets available for benefits per the Form 5500 $ 98,950,038 $ 93,702,023 ------------ ------------ ------------ ------------
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the year ended December 31, 1994:
Year Ended December 31, 1994 ------------ Benefits paid to participants per the financial statements $ 8,665,808 Amounts allocated to withdrawing participants at December 31, 1994 1,206,336 Amounts allocated to withdrawing participants at December 31, 1993 (1,911,131) ------------ Benefits paid to participants per the Form 5500 $ 7,961,013 ------------ ------------
Amounts allocated to withdrawing participants, representing benefit claims that have been processed and approved prior to December 31, 1994 but not yet paid as of that date, are reflected as benefits paid on the Form 5500. 9. ALLOCATIONS AND VESTING Investment income net of administrative expenses is allocated to a participant's account monthly based on the proportion each account bears to the total of all account balances. Benefit payments are determined by the plan recordkeeper and disbursed by the trustee after receiving notice from the employer that a participant's beneficial interest has matured due to death, disability, retirement, or separation. Participants are 100% vested in employee contributions and their profit sharing allocation contributed to the Plan. Participants vest in the Sponsor's matching contribution as follows:
Years of Percentage Vesting Service Vested --------------- ---------- less than 3 0% 3 20 4 40 5 60 6 80 7 100
10. PLAN TERMINATION Although it has not expressed any intent to do so, the Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of the Plan termination, participants will become 100% vested in their accounts. 11. TAX STATUS OF THE PLAN The Plan has previously received a favorable letter of determination from the Internal Revenue Service that the Plan qualifies under section 401(a) and 401(k) of the Internal Revenue Code (Code) and that the trust is exempt from income taxes under section 501(a) of the Code. Vons has applied for an updated letter of determination for its amended and restated plan. Management believes that the plan is designed and is currently being operated in compliance with the applicable requirements of the Code. SCHEDULE 1 VONS PERSONAL CHOICE PROFIT SHARING PLAN ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1994
IDENTITY FAIR VALUE OF PARTY DESCRIPTION PURCHASE COST OF OF ASSETS INVOLVED OF ASSET PRICE ASSET AT PURCHASE - -------------------------------------------------------------------------------------- Purchases: - --------- Stepstone Funds Money Market Fund 57,720,625 57,720,625 57,720,625 United States Treasury Notes, due 4,348,101 4,348,101 4,348,101 Treasury July 31, 1998 United States Treasury Notes, due 4,896,424 4,896,424 4,896,424 Treasury August 15, 2003 United States Treasury Notes, due 2,967,393 2,967,393 2,967,393 Treasury May 15, 2004 The Great-West Investment Contract 301,775 301,775 301,775 Life Insurance Company IDENTITY FAIR VALUE OF PARTY DESCRIPTION SELLING COST OF OF ASSETS NET GAIN INVOLVED OF ASSET PRICE ASSET AT SALE (LOSS) - ------------------------------------------------------------------------------------------ Sales: - ----- Stepstone Funds Money Market Fund 63,945,682 63,945,682 63,945,682 - United States Treasury Notes, due 4,283,077 4,348,101 4,283,077 (65,024) Treasury July 31, 1998 United States Treasury Notes, due 4,769,657 4,896,424 4,769,657 (126,767) Treasury August 15, 2003 United States Treasury Notes, due 2,951,798 2,967,393 2,951,798 (15,595) Treasury May 15, 2004 The Great-West Investment Contract 5,172,019 5,172,019 5,172,019 - Life Insurance Company See accompanying independent auditors' report.
SCHEDULE 2 VONS PERSONAL CHOICE PROFIT SHARING PLAN ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES DECEMBER 31, 1994
NUMBER OF SHARES OR INTEREST CURRENT DESCRIPTION PAR VALUE RATE MATURITY DATE COST VALUE - --------------------------------------------------------------------------------------------------------- Cash: Stepstone Funds Money Market Fund 891,476 Units $ 891,476 $ 891,476 ----------- ----------- Corporate Debt Instruments: American General Finance Corporation $ 730,000 5.430% February 4, 1999 655,803 657,540 Associates Corporation of North America 500,000 6.125 February 1, 1998 497,055 468,945 Beneficial Corporation 685,000 8.220 June 15, 1998 685,000 680,719 Ford Motor Credit Company 500,000 9.700 October 5, 1998 540,225 521,625 ----------- ----------- Total Corporate Debt Instruments 2,378,083 2,328,829 ----------- ----------- Investment Contracts: Allstate Life Insurance Company $2,710,016 8.450% April 4, 1996 2,710,016 2,710,016 Allstate Life Insurance Company 2,006,889 8.160 December 15, 1998 2,006,889 2,006,889 Bankers Trust 3,589,504 5.540 April 25, 1998 3,589,504 3,589,504 Capital Holdings Corporation 2,007,373 5.320 December 25, 2003 2,007,373 2,007,373 Capital Holdings Corporation 2,015,579 5.792 February 15, 2019 2,015,579 2,015,579 Capital Holdings Corporation 2,520,144 5.290 April 25, 2004 2,520,144 2,520,144 Capital Holdings Corporation 2,804,140 5.110 September 10, 1998 2,804,140 2,804,140 Capital Holdings Corporation 2,744,330 5.490 May 25, 1999 2,744,330 2,744,330 Commonwealth Life Insurance Company 3,073,535 6.480 September 9, 1999 3,073,535 3,073,535 The Equitable Life Assurance Society 2,913,121 8.900 July 17, 1995 2,913,121 2,913,121 The Equitable Life Assurance Society 1,479,375 9.450 August 15, 1995 1,479,375 1,479,375 The Great-West Life Assurance Company 1,630,869 8.800 January 3, 1995 1,630,869 1,630,869 John Hancock Mutual Life Insurance Company 2,438,306 7.000 December 16, 1996 2,438,306 2,438,306 Life of Virginia 3,582,049 7.240 September 15, 1999 3,582,049 3,582,049 Metropolitan Life Insurance Company 3,061,691 9.400 May 1, 1995 3,061,691 3,061,691 New York Life 2,571,524 7.520 August 16, 1999 2,571,524 2,571,524 State Mutual Life Assurance Company 2,308,906 9.280 March 15, 1995 2,308,906 2,308,906 The Travelers Insurance Company 2,691,696 8.440 January 15, 1996 2,691,696 2,691,696 The Travelers Insurance Company 2,738,925 8.530 November 15, 1995 2,738,925 2,738,925 ------------ ----------- Total Investment Contracts 48,887,972 48,887,972 ------------ ----------- Common Stocks: The Vons Companies, Inc. 268,661 Shares 6,689,975 4,835,897 ------------ ----------- Government and Agency Obligations: Federal Farm Credit $1,250,000 6.380% July 25, 1996 1,250,000 1,228,488 Federal Housing Authority Project 710,563 7.430 June 1, 2023 685,360 655,793 United States Treasury Notes 1,585,000 4.250 May 15, 1996 1,534,558 1,519,127 United States Treasury Notes 285,000 4.625 February 15, 1996 279,122 276,404 United States Treasury Notes 1,380,000 5.125 February 28, 1998 1,308,171 1,276,279 United States Treasury Notes 2,320,000 6.250 August 31, 1996 2,275,756 2,271,070 United States Treasury Notes 115,000 6.500 May 15, 1997 112,197 111,819 United States Treasury Notes 1,650,000 7.750 March 31, 1996 1,696,664 1,655,676 United States Treasury Notes 955,000 7.875 November 15, 2004 953,060 957,684 ------------ ----------- Total Government and Agency Obligations 10,094,888 9,952,340 ------------ ----------- Commingled Funds: American National Multiple Fund Investment Trust 134,865 Shares 18,829,744 19,229,150 Federated Max-Cap Fund 11,562 138,369 134,808 Brinson Global Securities Fund 64,700 8,706,893 8,697,660 ----------- ----------- Total Commingled Funds 27,675,006 28,061,618 ----------- ----------- Total Assets Held for Investment Purposes $96,617,400 $94,958,132 ----------- ----------- ----------- -----------
SIGNATURES The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 27, 1995 Vons Personal Choice Profit Sharing Plan ----------------------------------------- (Name of Plan) /s/ Virginia L. Miller ----------------------------------------- Virginia L. Miller Chairman of the Pension and Profit Sharing Investment Advisory Committee EXHIBIT INDEX
Sequentially Exhibit Number Description Numbered Page - -------------- ----------- ------------- 24 Consent of KPMG Peat Marwick LLP
EX-24 2 [This page appears on KPMG Peat Marwick LLP Letterhead] Exhibit 24.1 ACCOUNTANTS' CONSENT We consent to the use of our report dated June 20, 1995 included in the Vons Personal Choice Profit Sharing Plan Form 11-K incorporated by reference in the Registration Statement on Form S-8 and the related Prospectus pertaining to the Vons Personal Choice Profit Sharing Plan. /s/ KPMG Peat Marwick LLP June 20, 1995 -----END PRIVACY-ENHANCED MESSAGE-----