-----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, LmL90Ff/w/JgF2qj89DwSPxZDYUlR75rMLyIhA/klDyV/RsnWDzHRpAbIHvaFEn9 Oewu194hwsSbgGdofW992A== 0000760775-98-000136.txt : 19981014 0000760775-98-000136.hdr.sgml : 19981014 ACCESSION NUMBER: 0000760775-98-000136 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980731 ITEM INFORMATION: FILED AS OF DATE: 19981013 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: WLR FOODS INC CENTRAL INDEX KEY: 0000760775 STANDARD INDUSTRIAL CLASSIFICATION: POULTRY SLAUGHTERING AND PROCESSING [2015] IRS NUMBER: 541295923 STATE OF INCORPORATION: VA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-17060 FILM NUMBER: 98724600 BUSINESS ADDRESS: STREET 1: P O BOX 7000 CITY: BROADWAY STATE: VA ZIP: 22815 BUSINESS PHONE: 5408967001 MAIL ADDRESS: STREET 1: 800 CO OP DRIVE CITY: TIMBERVILLE STATE: VA ZIP: 22853 FORMER COMPANY: FORMER CONFORMED NAME: WAMPLER LONGACRE ROCKINGHAM INC DATE OF NAME CHANGE: 19881114 FORMER COMPANY: FORMER CONFORMED NAME: WAMPLER LONGACRE INC DATE OF NAME CHANGE: 19880209 8-K/A 1 FORM 8K/A AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 or 15d of the Securities and Exchange Act of 1934 --------------------------- Date of Report (Date of earliest event reported) July 31, 1998 WLR Foods, Inc. (Exact name of registrant as specified in its charter) Virginia 0-17060 54-1295923 (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) P.O. Box 7000 22815 Broadway, Virginia (Zip Code) (Address of Principal executive offices) (540) 896-7001 (Registrant's telephone number, including area code) Amendment No. 1 The undersigned hereby amends the following items, financial statements, exhibits or other portions of its current report on Form 8-K previously filed with the Commission on August 14, 1998. Item 7. (b) Pro forma combined financial information. The Pro Forma Condensed Consolidated Balance Sheet of the Registrant as of June 27, 1998 reflects the financial position of the Registrant after giving effect to the disposition of the Registrant s Cassco Ice & Cold Storage, Inc. subsidiary described in Item 2 and assumes the disposition took place on June 27, 1998. The Pro Forma Consolidated Statements of Operations are not included in the current filing since this information was fully reflected in the previously filed Form 10K for the fiscal year ended June 27, 1998. The unaudited pro forma condensed consolidated balance sheet presented herein is shown for illustrative purposes only and is not necessarily indicative of the future financial position, or of the financial position of the Registrant that would have actually occurred had the transaction been in effect as of the date presented. The unaudited pro forma condensed consolidated balance sheet should be read in conjunction with the historical financial statements and related notes of the Registrant. Item 7.(b) WLR Foods, Inc. PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) June 27, 1998 (In thousands) Pro Forma As Reported Adjustments Pro Forma ------------ ----------- --------- Assets Current Assets Cash and equivalents $ 335 $ 0 $ 335 Accounts receivable, net 72,457 (4,225) 68,232 Inventories 128,031 (1,213) 126,818 Income taxes receivable 1,002 0 1,002 Other current assets 1,870 (228) 1,642 -------- -------- -------- Total current assets 203,695 (5,666) 198,029 Property, plant and equipment, net 153,702 (22,841) 130,861 Deferred income taxes 18,247 0 18,247 Other assets 6,098 (398) 5,700 -------- -------- -------- Total Assets $381,742 ($28,905) $352,837 ======== ======== ======== Liabilities and Share- holders' Equity Current Liabilities Current maturities of long-term debt $ 3,452 ($ 529) $ 2,923 Excess checks over bank balances 9,925 (463) 9,462 Trade accounts payable 28,742 (1,129) 27,613 Accrued expenses and other 32,245 9,645 41,890 Deferred income taxes 10,636 0 10,636 -------- -------- -------- Total current liabilities 85,000 7,524 92,524 Long-term debt, excluding current maturities 189,225 (54,241) 134,984 Other liabilities and deferred credits 3,626 (111) 3,515 Commitments and other matters 0 0 0 Shareholders' equity Common stock, no par value 67,851 0 67,851 Additional paid-in capital 2,974 0 2,974 Retained earnings 33,066 17,923 50,989 -------- -------- -------- Total shareholders' equity 103,891 17,923 121,814 -------- -------- -------- Total Liabilities and Shareholders' Equity $381,742 ($28,905) $352,837 ======== ======== ======== (a) The net cash proceeds from the sale of approximately $54 million were used to reduce long term debt. (b) Retained earnings reflects an after-tax gain from the sale of approximately $18 million. 2 SIGNATURE 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. WLR Foods, Inc. By:__/s/ Dale S. Lam__ Dale S. Lam Vice President of Finance and Treasurer 3 -----END PRIVACY-ENHANCED MESSAGE-----