-----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, JmOFOSdEZ2Bx03fxOVmKo0F1DdjDN+uM+eLqs1OP61BzGRtWeqwSxaweaLSXfd51 4UwOrbbSgh6nhnNJrE0org== 0000914760-02-000197.txt : 20021202 0000914760-02-000197.hdr.sgml : 20021202 20021202172327 ACCESSION NUMBER: 0000914760-02-000197 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021201 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OFFICE DEPOT INC CENTRAL INDEX KEY: 0000800240 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 592663954 STATE OF INCORPORATION: DE FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10948 FILM NUMBER: 02846323 BUSINESS ADDRESS: STREET 1: 2200 OLD GERMANTOWN RD CITY: DELRAY BEACH STATE: FL ZIP: 33445 BUSINESS PHONE: 5612664800 MAIL ADDRESS: STREET 1: 2200 OLD GERMANTOWN ROAD STREET 2: 2200 OLD GERMANTOWN ROAD CITY: DELRAY BEACH STATE: FL ZIP: 33445 8-K 1 o52772_8k120202.txt DECEMBER 2, 2002 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 (Date of earliest event reported) December 1, 2002 Commission file number 1-10948 OFFICE DEPOT, INC. (Exact name of registrant as specified in its charter) Delaware 59-2663954 ---------------------------------- --------- -------------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2200 Old Germantown Road, Delray Beach, Florida 33445 (Address of principal executive offices) (Zip Code) (561) 438-4800 (Registrant's telephone number, including area code) Former name or former address, if changed since last report: N/A ITEM 5. OTHER EVENTS On December 1, 2002, Office Depot, Inc. announced the sale of its Australian operations to Officeworks, a unit of Coles Meyer Ltd. A copy of the press release announcing the sale is attached hereto as Exhibit 99.1 and incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Press release of Office Depot, Inc. issued on December 1, 2002. 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. OFFICE DEPOT, INC. Date: December 2, 2002 By: /S/ DAVID C. FANNIN David C. Fannin Executive Vice President and General Counsel EX-99.1 3 o52772_x99120202.txt DECEMBER 1, 2002 PRESS RELEASE OFFICE DEPOT NEWS RELEASE - -------------------------------------------------------------------------------- Office Depot Contact: Officeworks Contacts: - --------------------- --------------------- Investor/Media Relations: Media Eileen Dunn Scott Whiffin 1-561 438-4930 03 9829 5548 edunn@officedepot.com Analysts - --------------------- Amanda Fischer 03 9829 4521 OFFICE DEPOT ANNOUNCES THE SALE OF ITS AUSTRALIAN OPERATIONS TO OFFICEWORKS, A SUBSIDIARY OF COLES MYER (Delray Beach, FL) December 1, 2002 - OFFICE DEPOT, INC. (NYSE: ODP), the world's largest seller of office products, today announced that it has reached a definitive agreement with Officeworks, a subsidiary of Coles Myer, to sell its Australian operations. The acquisition of the Company's Viking Office Products Pty Ltd. and Viking Direct Pty Ltd. operations are subject to regulatory approval, and is expected to be completed by year-end. Terms were not disclosed. Bruce Nelson, Chairman and CEO of Office Depot commented, "While our Viking Australian operations have achieved success over the past nine years, industry consolidation has made it difficult to continue to grow shareholder value in Australia. We continue to have tremendous opportunities for growth and expansion in Europe, where the majority of our international operations now reside, and this sale is the right strategic move for Office Depot to ensure sustainable growth in shareholder value over the longer-term." Coles Myer Chief Executive Officer John Fletcher noted that the acquisition of Australia's largest direct marketer of office supplies would further strengthen Coles Myer's Officeworks business, establishing it as a major multi-channel provider of office supplies. Mr Fletcher also said that the Viking acquisition was in line with its five-year strategic plan to substantially grow the Officeworks business. Officeworks Managing Director Peter Scott commented, "Viking is the leading direct marketer of office products in Australia, focusing on the small to medium size business market. Our acquisition of Viking is of key strategic importance in sustaining longer term growth for Officeworks by strengthening our current multi-channel access for customers." ABOUT VIKING OFFICE PRODUCTS PTY LTD, & Viking Direct Pty Ltd. Viking services 128,000 active business customers throughout Australia via catalogues and online; and generates annual sales of approximately $150 million. ABOUT OFFICEWORKS Officeworks is Australia's largest retailer of office supplies, catering specifically to the needs of small to medium size businesses, home offices and students. A further 45 store openings are planned over the next four years. It currently operates 62 stores around Australia. ABOUT OFFICE DEPOT No one sells more office products to more customers in more countries through more channels than Office Depot. As the largest seller of office products around the world, the Company operates under the Office Depot(R), Viking Office Products(R), Viking Direct(R) and 4Sure.com(R) brand names. As of September 28, 2002, Office Depot operated 853 office supply superstores in the United States and Canada, in addition to a national business-to-business delivery network supported by 24 delivery centers, more than 60 local sales offices and 13 regional call centers. Furthermore, the Company sells products and services in 19 countries outside of the United States and Canada, including 32 office supply stores in France and 12 in Japan that are owned and operated by the Company; and 110 additional office supply stores under joint venture and licensing agreements operating under the Office Depot name in five foreign countries. The Company operates an award-winning U.S. Office Depot brand Web site at www.officedepot.com where customers can access Office Depot's low competitive prices seven days a week, twenty-four hours a day. The Company also operates seventeen additional Web sites, under the Office Depot and Viking Office Products names, in the U.S. and ten international countries including: Austria, Australia, Belgium, France, Japan, Germany, Ireland, Italy, the Netherlands and the United Kingdom. Office Depot's common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements, including without limitation all of the projections and anticipated levels of future performance, involve risks and uncertainties which may cause actual results to differ materially from those discussed herein. These risks and uncertainties are detailed from time to time by Office Depot in its filings with the United States Securities and Exchange Commission ("SEC"), including without limitation its most recent filing on Form 10-K, filed on March 19, 2002 and subsequent filings on Forms 10-Q and 8K. You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. The Company's SEC filings are readily obtainable at no charge at www.sec.gov and at www.freeEDGAR.com, as well as on a number of other commercial Web sites. -----END PRIVACY-ENHANCED MESSAGE-----