-----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, cPW8cLXWUzSF/Xf9ZSRu8OtX7WRRfTwO3UayRIyaviWEABw3Fm83pGA/0f8cS7Iq wU9l60w64IhUvL0/vTH2rg== 0000715633-94-000006.txt : 19940706 0000715633-94-000006.hdr.sgml : 19940706 ACCESSION NUMBER: 0000715633-94-000006 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VONS COMPANIES INC CENTRAL INDEX KEY: 0000715633 STANDARD INDUSTRIAL CLASSIFICATION: 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: 94536825 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 FINAL FORM 11-K DEC. 31, 1993 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, 1993 ----------------------------------------------- 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, 1993, 1992 and 1991 and Financial Schedules for the Year Ended December 31, 1993 (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, 1993 and 1992 3 Statements of Changes in Net Assets Available for Benefits for the Years Ended December 31, 1993, 1992 and 1991 5 Notes to Financial Statements 11 Schedule -------- Schedule of Reportable Transactions for the Year Ended December 31, 1993 1 Assets Held For Investment at December 31, 1993 2 All other schedules omitted are not applicable or 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 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, 1993 and 1992, and the related statements of changes in net assets available for benefits for the years ended December 31, 1993, 1992 and 1991. 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 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. 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, 1993 and 1992, and the changes in net assets available for benefits for the years ended December 31, 1993, 1992 and 1991 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 fund information in the statement of net assets available for benefits and the statement 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. KPMG PEAT MARWICK /s/ KPMG Peat Marwick Los Angeles, California June 24, 1994 PAGE VONS PERSONAL CHOICE PROFIT SHARING PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 1993 and 1992
1993 1992 ----------- ----------- Fixed Income Fund Account: Cash $ 6,922,089 $ 3,700,551 Commercial paper 1,317,635 - Stable value investment contracts 45,147,905 41,320,600 Government and government agency obligations 7,523,362 8,948,562 Corporate debt instruments 737,985 - Other investments 506,366 - Employer contribution receivable 1,527,884 3,617,961 Employee contribution receivable 205,572 203,371 Investment income receivable 242,765 243,638 Administrative expenses payable (47,558) (31,558) ----------- ----------- Total Fixed Income Fund Account 64,084,005 58,003,125 ----------- ----------- Equity Fund Account: Cash and cash equivalents 8,274 1,196,663 Common and preferred stocks - 12,089,982 Commingled funds 18,057,386 - Employer contribution receivable 1,018,589 1,489,749 Employee contribution receivable 90,452 99,692 Investment income receivable - 21,707 Administrative expenses payable (14,078) (4,980) ----------- ----------- Total Equity Fund Account 19,160,623 14,892,813 ----------- ----------- Multi-Asset Fund Account: Cash and cash equivalents 174,065 133,954 Commingled funds 7,344,654 4,516,113 Loans and mortgages - 311 Employer contribution receivable 800,320 1,135,047 Employee contribution receivable 69,895 47,852 Investment income receivable 13,005 9,848 Administrative expenses payable (16,848) (3,480) ----------- ----------- Total Multi-Asset Fund Account 8,385,091 5,839,645 ----------- ----------- VONStock Fund Account: Cash and cash equivalents 12,105 489 Investment in The Vons Companies, Inc. common stock 3,637,776 4,452,020 Employer contribution receivable 291,025 851,285 Employee contribution receivable 45,226 47,852 Administrative expenses payable (2,697) (2,480) ----------- ----------- Total VONStock Fund Account 3,983,435 5,349,166 ----------- ----------- Net assets available for benefits $95,613,154 $84,084,749 ----------- ----------- ----------- ----------- 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 STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1991
FIXED MULTI- INCOME EQUITY ASSET VONSTOCK FUND FUND FUND FUND ACCOUNT ACCOUNT ACCOUNT ACCOUNT TOTAL ----------- ----------- ----------- ----------- ----------- Net assets available for benefits at beginning of year $48,271,968 $ 8,002,352 $ 3,397,875 $ - $59,672,195 ----------- ----------- ----------- ----------- ----------- Additions: Employee contributions 2,851,913 601,670 471,422 126,658 4,051,663 Employer contributions 3,199,664 1,328,162 664,081 845,195 6,037,102 Interest 4,043,148 139,918 133,926 4,883 4,321,875 Dividends - 222,757 32,597 - 255,354 Net appreciation (depreciation)in fair value of investments - 1,437,851 287,699 (643,091) 1,082,459 Interfund transfers (2,396,981) (252,465) (799,603) 3,449,049 - ----------- ----------- ----------- ----------- ----------- Total additions 7,697,744 3,477,893 790,122 3,782,694 15,748,453 ----------- ----------- ----------- ----------- ----------- Deductions: Benefits 2,914,742 337,582 593,183 15,972 3,861,479 Administrative expenses 147,635 91,169 36,327 3,678 278,809 ----------- ----------- ----------- ----------- ----------- Total deductions 3,062,377 428,751 629,510 19,650 4,140,288 ----------- ----------- ----------- ----------- ----------- Net assets available for benefits at end of year $52,907,335 $11,051,494 $ 3,558,487 $ 3,763,044 $71,280,360 ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 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 cash equivalents and commercial paper include investments with maturities of less than one year for which cost approximates market. The stable value investment contract accounts with insurance companies are valued at contract value. Contract value represents contributions made under the contract plus interest at the contract rate. Other fixed rate investments contain a guaranteed redemption feature such that fair value approximates cost. The 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. 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 the 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 Plan 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 contributions are not matched by the Plan Sponsor. Participants designate the investment funds in which their accounts will be invested. Any amounts forfeited by terminated participants are used to reduce employer contributions. 4. STABLE VALUE INVESTMENT CONTRACTS The stable value investment contracts include fixed rate contracts with insurance companies and other fixed rate investments. Interest rates range from 5.1% to 10.2% and maturity dates range up to ten years. 5. INVESTMENT FUNDS The Plan offers four investment funds. The Fixed Income Fund invests in stable value investment contracts, United States and foreign government obligations, corporate fixed income obligations and money market investments. At December 31, 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 1993 and 1992, the Equity Fund primarily included investments in common stocks of United States companies. During 1993 and the latter half of 1992, the Multi- Asset Fund included investments in a commingled fund comprised of domestic and international stocks and bonds and money market investments. For the first half of 1992 and all of 1991, the Multi-Asset Fund consisted of a combination of investments in the form of United States and foreign stocks and bonds, real estate, money market and precious metals. The VONStock Fund invests in common stock of Vons purchased on the open market by a third-party administrator. 6. INVESTMENTS IN EXCESS OF FIVE PERCENT OF NET ASSETS 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(1) $ 17,824,856 Union Bank Money Market Fund 7,116,533 Brinson Global Securities Fund(2) 7,344,654 The Great-West Life Insurance Company(3) 4,870,244 (1) Amount represents 126,731 shares. (2) Amount represents 54,251 shares. (3) Investment contract with an interest rate of 9.41% due July 31, 1994.
7. 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 1993 and 1992:
December 31, December 31, 1993 1992 ------------ ------------ Net assets available for benefits per the financial statements $ 95,613,154 $ 84,084,749 Amounts allocated to withdrawing participants (1,911,131) (278,821) ------------ ------------ Net assets available for benefits per the Form 5500 $ 93,702,023 $ 83,805,928 ------------ ------------ ------------ ------------
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the year ended December 31, 1993:
Year Ended December 31, 1993 ------------ Benefits paid to participants per the financial statements $ 3,162,019 Amounts allocated to withdrawing participants at December 31, 1993 1,911,131 Amounts allocated to withdrawing participants at December 31, 1992 (278,821) ------------ Benefits paid to participants per the Form 5500 $ 4,794,329 ------------ ------------
Amounts allocated to withdrawing participants, representing benefit claims that have been processed and approved prior to December 31, 1993 but not yet paid as of that date, are reflected as benefits paid on the Form 5500. 8. 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
9. 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. 10. 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 intends to apply for an updated letter of determination prior to the end of the remedial amendment period of the Tax Reform Act of 1986. 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 SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1993
IDENTITY FAIR VALUE OF PARTY DESCRIPTION PURCHASE COST OF OF ASSETS INVOLVED OF ASSET PRICE ASSET AT PURCHASE - - --------------------------------------------------------------------------------- Purchases: - - --------- Union Bank Money Market Fund 62,470,371 62,470,371 62,470,371 American National S & P 500 Index 13,062,321 13,062,321 13,062,321 United States Government National Government Mortgage Association at 7.00% 2,125,963 2,125,963 2,125,963 United States Treasury Bills, due 3,174,844 3,174,844 3,174,844 Treasury September 23, 1993 United States Treasury Bills, due 3,285,267 3,285,267 3,285,267 Treasury November 18, 1993 United States Bonds at 7.125% 3,256,838 3,256,838 3,256,838 Treasury IDENTITY FAIR VALUE OF PARTY DESCRIPTION SELLING COST OF OF ASSETS NET GAIN INVOLVED OF ASSET PRICE ASSET AT SALE (LOSS) - - ------------------------------------------------------------------------------------------ Sales: - - ----- Union Bank Money Market Fund 60,385,495 60,385,495 60,385,495 - United States Government National 2,133,084 2,125,963 2,133,084 7,121 Government Mortgage Association Securities at 7.00% United States Treasury Bills due 3,174,844 3,174,844 3,174,844 - Treasury Sept. 23, 1993 United States Treasury Bills due 3,285,267 3,285,267 3,285,267 - Treasury Nov. 18, 1993 United States Bonds at 7.125% 3,309,058 3,256,838 3,309,058 52,220 Treasury See accompanying independent auditors' report.
SCHEDULE 2 VONS PERSONAL CHOICE PROFIT SHARING PLAN ASSETS HELD FOR INVESTMENT DECEMBER 31, 1993
NUMBER OF SHARES OR INTEREST CURRENT DESCRIPTION PAR VALUE RATE MATURITY DATE COST VALUE - - --------------------------------------------------------------------------------------------------------- Cash: Union Bank Money Market Fund 7,116,533 Shares $ 7,116,533 $ 7,116,533 ----------- ----------- Commercial Paper: Ford Motor Credit Corporation $ 660,000 January 4, 1994 658,816 658,816 General Electric Capital Corporation 660,000 January 4, 1994 658,819 658,819 ----------- ----------- Total Commercial Paper 1,317,635 1,317,635 ----------- ---------- Corporate Debt Instruments: Archer Daniels Midland Company $ 195,000 8.375% April 15, 2017 238,456 228,105 Associates Corporation of North America 500,000 6.125 February 1, 1998 497,055 509,880 ----------- ---------- Total Corporate Debt Instruments 735,511 737,985 ----------- ---------- Stable Value Investment Contracts: Allstate Life Insurance Company $2,498,863 8.450% April 4, 1996 2,498,863 2,498,863 Bankers Trust 3,599,743 5.540 April 25, 1998 3,599,743 3,599,743 Capital Holdings Corporation 2,514,103 5.650 April 25, 2004 2,514,103 2,514,103 Capital Holdings Corporation 2,009,933 6.000 April 15, 2000 2,009,933 2,009,933 Capital Holdings Corporation 2,000,091 5.500 April 25, 1998 2,000,091 2,000,091 Capital Holdings Corporation 2,792,746 5.110 September 25, 1998 2,792,746 2,792,746 Commonwealth Life Insurance Company 2,882,950 6.480 September 9, 1999 2,882,950 2,882,950 Confederation Life Insurance 1,095,905 9.730 January 5, 1994 1,095,905 1,095,905 The Equitable Life Assurance Society 2,655,741 8.900 July 17, 1995 2,655,741 2,655,741 The Equitable Life Assurance Society 1,341,318 9.450 August 15, 1995 1,341,318 1,341,318 The Great-West Life Assurance Company 1,498,869 8.800 January 3, 1995 1,498,869 1,498,869 The Great-West Life Insurance Company 4,870,244 9.410 July 31, 1994 4,870,244 4,870,244 John Hancock Mutual Life Insurance Company 2,265,734 7.000 December 16, 1996 2,265,734 2,265,734 Metropolitan Life Insurance Company 2,777,348 9.400 May 1, 1995 2,777,348 2,777,348 State Mutual Life Assurance Company 2,112,835 9.280 March 15, 1995 2,112,835 2,112,835 Transamerica Occidental Life Insurance Company 3,225,626 10.220 October 3, 1994 3,225,626 3,225,626 The Travelers Insurance Company 2,482,199 8.440 January 15, 1996 2,482,199 2,482,199 The Travelers Insurance Company 2,523,657 8.530 November 15, 1995 2,523,657 2,523,657 ------------ ----------- Total Stable Value Investment Contracts 45,147,905 45,147,905 ------------ ----------- Government and Government Agency Obligations: Government National Mortgage Association $ 222,523 8.500% June 15, 2021 238,030 236,013 Government National Mortgage Association 572,824 8.500 November 15, 2021 612,743 607,548 Government National Mortgage Association 24,149 8.500 August 15, 2021 25,832 25,613 Government National Mortgage Association 150,021 8.500 July 15, 2021 160,476 159,115 Government National Mortgage Association 265,480 8.000 February 15, 2022 279,500 279,500 Government National Mortgage Association 44,657 8.000 April 15, 2022 47,016 47,016 Government National Mortgage Association 433,215 7.500 May 15, 2023 451,086 449,054 Government National Mortgage Association 152,006 7.500 May 15, 2023 158,276 157,563 Government National Mortgage Association 647,423 7.500 November 15, 2022 675,950 671,092 Government National Mortgage Association 405,010 7.500 May 15, 2023 421,970 419,818 Government National Mortgage Association 891,965 7.500 January 15, 2023 893,080 924,576 Government National Mortgage Association 176,584 7.500 January 15, 2023 184,364 183,040 Government National Mortgage Association 248,579 7.500 June 15, 2023 261,202 257,667 Government National Mortgage Association 166,494 7.500 July 15, 2023 174,377 172,581 Government National Mortgage Association 146,289 7.500 July 15, 2023 153,032 151,638 Government National Mortgage Association 26,443 7.500 December 15, 2021 27,608 27,409 United States Treasury Bonds 765,000 7.250 August 15, 2022 857,795 834,569 United States Treasury Bonds 580,000 8.125 August 15, 2021 700,313 694,550 United States Treasury Notes 1,225,000 4.250 December 31, 1995 1,225,000 1,225,000 ----------- ----------- Total Government and Government Agency Obligations 7,547,650 7,523,362 ----------- ----------- Commingled Funds: American National Multiple Fund Investment Trust 126,731 Shares 17,185,094 17,824,856 Federated Max-Cap Fund 19,623 234,039 232,530 Brinson Global Securities Fund 54,251 6,901,029 7,344,654 ----------- ----------- Total Commingled Funds 24,320,162 25,402,040 ----------- ----------- Common Stocks: The Vons Companies, Inc. 227,361 Shares 5,979,330 3,637,776 ----------- ----------- Other Investments: Alabama State Public School and College Authority $ 500,000 4.625% December 1, 2002 488,910 506,366 ----------- ----------- Total Assets Held For Investment $92,653,636 $91,389,602 ----------- ----------- ----------- -----------
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 28, 1994 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 - - -------------- ----------- ------------- 24.1 Consent of KPMG Peat Marwick Exhibit 24.1 ACCOUNTANTS' CONSENT We consent to the use of our report dated June 24, 1994 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. KPMG Peat Marwick /s/ KPMG Peat Marwick Los Angeles, California June 24, 1994
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