-----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, NrnbOoRrI3ZanUK3y7KGRLr5Hf5+n8pvWcF7A7mU95iX/njPxfzjzwT+4XhYLX7o 4fKyerF62KWlpi3uRb3Xqg== 0000906280-97-000156.txt : 19970929 0000906280-97-000156.hdr.sgml : 19970929 ACCESSION NUMBER: 0000906280-97-000156 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970912 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970926 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELCHAMPS INC CENTRAL INDEX KEY: 0000729970 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 630245434 STATE OF INCORPORATION: AL FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-12923 FILM NUMBER: 97686204 BUSINESS ADDRESS: STREET 1: 305 DELCHAMPS DR STREET 2: P O BOX 1668 CITY: MOBILE STATE: AL ZIP: 36602 BUSINESS PHONE: 2054330431 MAIL ADDRESS: STREET 1: 305 DELCHAMPS DR STREET 2: PO BOX 1668 CITY: MOBILE STATE: AL ZIP: 36602 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) September 12, 1997 DELCHAMPS, INC. (Exact name of registrant as specified in its charter.) ----------------------------------------------------------------- | ALABAMA | 0-12923 | 63-0245434 | ----------------------------------------------------------------- | (State or other | (Commission File | (IRS Employer | | jurisdiction of | Number) | Identification | | incorporation) | | Number) | ----------------------------------------------------------------- 305 DELCHAMPS DR., MOBILE, AL 36602 (Address of Principal Executive Offices - Zip Code) Registrant's telephone number, including area code (334)433-0431 N/A (Former name or former address, if changed since last report.) Item 1. Changes in Control of Registrant. On September 12, 1997, Jitney-Jungle Stores of America, Inc., a Mississippi corporation ("Parent"), announced that its wholly-owned subsidiary, Delta Acquisition Corporation, an Alabama corporation ("Sub"), had accepted for payment all outstanding shares of common stock (the "Shares") of Delchamps, Inc., an Alabama corporation (the "Company"), validly tendered pursuant to its tender offer (the "Offer") for the Company's Shares, which expired as scheduled on September 12, 1997 at 5:00 p.m. New York City time. An aggregate of 5,317,510 Shares were validly tendered pursuant to the Offer, which constitutes approximately 73.9% of the Company's outstanding Shares. Sub has paid approximately $159.6 million in cash for the Shares. The Offer was commenced pursuant to an Agreement and Plan of Merger dated as of July 8, 1997 by and among Parent, Sub and the Company (the "Merger Agreement"). Sub's source of funds to acquire the Shares is Parent and Parent's source of funds to acquire the Shares is proceeds from (i) a $150 million senior credit facility with Fleet Capital Corporation and certain other lenders, which facility has been guaranteed on a full, unconditional, joint and several general basis by all of Parent's subsidiaries, including the Company, and is secured with a first priority lien on all of Parent's and its subsidiaries' (including the Company's) existing and after- acquired tangible and intangible assets, and (ii) the sale of $200 million in principal amount of Parent's 10-3/8% Senior Subordinated Notes due 2007, which notes have been guaranteed on a senior subordinated basis by all of Parent's subsidiaries, including the Company. The Merger Agreement provides that, following consummation of the Offer and subject to certain conditions (including approval by the shareholders of the Company), Sub will be merged with and into the Company in accordance with the relevant provisions of the Alabama Business Corporation Act, as amended (the "ABCA"). Because the approval of the holders of at least 66-2/3% of all outstanding Shares is sufficient to approve the Merger Agreement, Sub can cause the merger to occur without the affirmative vote of any other holder of Shares. Parent and Sub have agreed pursuant to the Merger Agreement to vote all their Shares in favor of the approval of the Merger Agreement and to use their commercially reasonable best efforts to consummate the Merger, subject to the conditions in the Merger Agreement. Upon consummation of the Merger, each outstanding Share (other than Shares acquired by Sub in the Offer and Shares as to which dissenters' rights are perfected) will be converted into the right to receive $30.00 in cash. Pursuant to the Merger Agreement, upon payment by Sub for the Shares tendered pursuant to the Offer, Messrs. David W. Morrow, Richard W. LaTrace, Timothy E. Kullman, James M. Cain, John A. Caddell and J. Thomas Arendall, Jr. resigned as directors of the Company, and the vacancies created by such resignations were filled by the following persons designated by Sub: Messrs. Bruce C. Bruckmann, Roger E. Friou, W.H. Holman, Jr., Michael E. Julian, Harold O. Rosser, II and Steven C. Sherrill. Messrs. E.E. Bishop, William W. Crawford and Carl F. Bailey continue to serve as Independent Directors of the Company, as such term is defined in the Merger Agreement. Item 5. Other Events. Mr. David W. Morrow's employment as Chairman of the Company's Board of Directors and Chief Executive Officer of the Company has been terminated effective September 19, 1997. Mr. Michael E. Julian was appointed Chairman of the Company's Board of Directors and Chief Executive Officer of the Company effective that same date. 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. DELCHAMPS, INC. By: /s/ Timothy E. Kullman Timothy E. Kullman Senior Vice President, Chief Financial Officer, Treasurer and Secretary Date: September 26, 1997 -----END PRIVACY-ENHANCED MESSAGE-----