-----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, GG0i6CFgs1NnL9QQOk0f9SjV8RScxgnhh6ObAh6p5EZ7oRFSLqF+5ecKsvHZoWWl IHE8bokeulyD3nH7T+Rwmw== 0000950130-02-007075.txt : 20021016 0000950130-02-007075.hdr.sgml : 20021016 20021016092231 ACCESSION NUMBER: 0000950130-02-007075 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20021011 ITEM INFORMATION: Other events FILED AS OF DATE: 20021016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERTAN INC CENTRAL INDEX KEY: 0000803227 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731] IRS NUMBER: 752130875 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10062 FILM NUMBER: 02789974 BUSINESS ADDRESS: STREET 1: 279 BAYVIEW DRIVE CITY: BARRIE ONTARIO CN STATE: A6 ZIP: L4M 4W5 BUSINESS PHONE: 7057286242 MAIL ADDRESS: STREET 1: 201 MAIN ST STREET 2: STE 1805 CITY: FORT WORTH STATE: TX ZIP: 76102 8-K 1 d8k.htm CURRENT REPORT Current Report
 
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: October 11, 2002
(Date of earliest event reported)
 
 
InterTAN, Inc.
(Exact name of Registrant as specified in its charter)
 
Delaware
 
1-10062
 
75-2130875
(State of Incorporation)
 
(Commission File No.)
 
(I.R.S. Employer
Identification No.)
279 Bayview Drive
     
L4M 4W5
Barrie, Ontario, Canada
(Address of principal executive offices)
     
(Postal Code)
 
 
 
Registrant’s telephone number, including area code:
(705) 728-6242


 
Item 5.    Other Events
 
At a special meeting of the Board of Directors of the Registrant (the “Board”) held October 11, 2002, the Board authorized, subject to appropriate market conditions, the repurchase of up to 1,065,000 shares of Common Stock from time to time either through open market purchases or through privately negotiated transactions at prices as are determined by the executive officer(s) of the Registrant so designated by the Board for such purpose.

2


 
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.
 
   
InterTAN, Inc.
October 15, 2002
 
By:
 
/S/  JEFFREY A. LOSCH
       
   
Jeffrey A. Losch
Senior Vice President
Secretary and General Counsel

3


 
INDEX TO EXHIBITS
 
Exhibit No.

  
Description

99.1
  
Copy of Press Release, released on October 11, 2002, that announces, among other things, the implementation of a stock repurchase program.

4
EX-99.1 3 dex991.htm PRESS RELEASE, RELEASED ON OCTOBER 11, 2002 Press Release, released on October 11, 2002
EXHIBIT 99.1
 
LOGO
279 Bayview Dirve, Barrie, Ontario L4M 4W5
 
NEWS RELEASE
FOR IMMEDIATE RELEASE
   
James P. Maddox, C.A.
Vice President and Chief Financial Officer
(705) 728-7111
 
October 11, 2002
IT-03-003
 
 
INTERTAN ANNOUNCES SHARE BUYBACK AND UPDATES FIRST QUARTER GUIDANCE
 
TORONTO, October 11, 2002—InterTAN, Inc. (NYSE: ITN; TSX: ITA), a leading consumer electronics retailer of both private label and internationally branded products, today announced a share repurchase of up to 1,065,000 shares or approximately 5% of its outstanding shares, subject to applicable regulations and market conditions. The Company’s decision to announce its seventh share repurchase program since November 1999, reflects the continuing strategy of its Board to deploy the Company’s available financial resources in support of long-term shareholder value and as well, reflects the Company’s most recent evaluation of its cash requirements.
 
The Company now believes that it will earn in the range of $0.08 to $0.10 per diluted share for the first quarter ended September 30, 2002.
 
The Company intends to release its fiscal 2003 first quarter results on the afternoon of October 23, 2002. In conjunction with this release, the management of InterTAN, Inc. will host a conference call to discuss first quarter earnings, and to provide forward guidance for its second fiscal quarter. The conference call will be held on October 23, 2002 at 5:00 p.m. Eastern. The conference call number is (416) 640-4127. A replay of the call will be available until October 30 and can be accessed at (416) 640-1917, password 215927#. This call will be simultaneously webcast on the internet at www.intertan.com and will remain on the website for a one week period.
 
InterTAN, Inc., headquartered in Toronto, operates through approximately 960 company retail stores and dealer outlets in Canada under the trade names RadioShack®, Rogers AT&T Wireless Communications Express®, and Battery Plus®.
 
Certain information disclosed in this press release, including, among others, statements regarding the first quarter earnings, constitutes forward-looking statements that involve risks and uncertainties. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, consumer demand and preferences, product availability, development of new technology, general economic conditions, and other risks indicated in filings with the Securities and Exchange Commission such as InterTAN’s previously filed periodic reports, including its Form 10-K for the 2002 fiscal year.
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-----END PRIVACY-ENHANCED MESSAGE-----