-----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, o/bWpJhh63zTv55GdYCMQsgmZ4NIDvgbNwDiQXhs8MHkEts4BUww4gtlA16IjvxX p++ej3hdv3UcfybzBwxWNA== 0000950134-95-000891.txt : 19950505 0000950134-95-000891.hdr.sgml : 19950505 ACCESSION NUMBER: 0000950134-95-000891 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950428 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950504 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMRE INC CENTRAL INDEX KEY: 0000809572 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 752041737 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09632 FILM NUMBER: 95534384 BUSINESS ADDRESS: STREET 1: 8585 N STEMMONS FRWY STREET 2: SOUTH TOWER CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 2148197000 8-K 1 FORM 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) April 28, 1995 ------------------------------- AMRE, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-9632 75-2041737 - ---------------------------- ------------ ------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 8585 North Stemmons Freeway, Dallas, Texas 75247 - -------------------------------------------------------------------------------- (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code (214)658-6300 2 Item 5. Other Events On April 28, 1995, AMRE, Inc. announced the resignation of Mr. V. James Sardo as President, Chief Executive Officer and Director of the Company and the withdrawal of his nomination for election as a Director of the Company at the annual meeting of stockholders to be held on May 17, 1995. Item 7. Financial Statements and Exhibits The following exhibits are attached to and made a part of this Form 8-K: Exhibit 99 Press Release dated April 28, 1995, announcing the resignation of Mr. V. James Sardo. 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 hereunto duly authorized. AMRE, INC. Dated: May 2, 1995 By: /s/ C. CURTIS EVERETT C. Curtis Everett Vice President-Law Secretary and General Counsel 2 3 EXHIBIT INDEX Exhibit 99 Press Release dated April 28, 1995, announcing the resignation of Mr. V. James Sardo. EX-99 2 PRESS RELEASE DATED APRIL 28, 1995 1 EXHIBIT 99 AMRE INC. PRESS RELEASE - -------------------------------------------------------------------------------- Contact: John Vanecko FOR IMMEDIATE RELEASE Vice President and CFO (214) 658-6338 DALLAS, April 28, 1995 - AMRE, Inc., a national direct marketer of home improvement products, today reported operating results for the first quarter ended April 2, 1995. Contract revenues amounted to $60.9 million, compared with $52.1 million in the corresponding period last year. The net loss for the period amounted to $3.9 million or $0.29 per share, compared with a net loss of $3.0 million or $0.23 per share a year earlier. The Company said that, as previously indicated, it had anticipated a seasonal first quarter net loss, but the loss was somewhat larger than expected. Higher fixed costs and a reduced gross margin, principally in the fast-growing windows line, resulted in an operating loss of $6.7 million compared to the prior year operating loss of $5.2 million. Although the dollar amount of sales orders for the quarter was 11 percent higher than last year, sales orders were negatively impacted by the imbalance between lead flows and sales staffing in several key markets. Production backlog at the end of the quarter was slightly higher than at the same point a year ago. The Company separately announced today that V. James Sardo has resigned as President and Chief Executive Officer to pursue other career opportunities. Mr. Sardo has also resigned as a Director of the Company and withdrawn his nomination for election as a Director at the annual meeting of stockholders to be held on May 17, 1995. The Company is currently holding discussions with a successor to Mr. Sardo and believes it will be in a position to make an announcement with respect to a new President within 30 days. Until a new President is named, AMRE's activities will be directed by its Senior Management Team which will be headed by Ronald I. Wagner, Chairman of the Board of the Company. (Tables Follow) 2 AMRE, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
QUARTER ENDED ---------------------------- APRIL 2, 1995 MARCH 27, 1994 ------------- -------------- Contract revenues . . . . . . . . . . . $ 60,885 $ 52,125 Gross profit . . . . . . . . . . . . . . 40,360 35,241 Operating loss . . . . . . . . . . . . . (6,695) (5,232) Net loss . . . . . . . . . . . . . . . . $ (3,895) $ (2,984) Net loss per share . . . . . . . . . . . $ (0.29) $ (0.23) Weighted average shares outstanding . . . 13,306 12,851
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