8-K 1 d8k.htm FORM 8-K FORM 8-K

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) November 10, 2005

 


 

PROVENA FOODS INC.

(Exact name of registrant as specified in its charter)

 


 

California   1-10741   95-2782215

(State or other jurisdiction

of incorporation

  (Commission File Number)  

(IRS employer

Identification No.)

 

5010 Eucalyptus Avenue, Chino, California   91710
(Address of principal executive offices)   (Zip Code)

 

(909) 627-1082

(Registrant’s telephone number, including area code)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



SECTION 2 - FINANCIAL INFORMATION

 

Item 2.02 Results of Operations and Financial Condition

 

The following is the text of a press release including registrant's results for the 1st quarter of 2005 which registrant 3rd quarter of 2005 which registrant intends to have published on November 10, 2005:

 

FOR IMMEDIATE RELEASE - November 10, 2005 - CHINO, CA

 

PROVENA FOODS INC.(“PZA” - AMEX) REPORTS THIRD QUARTER RESULTS

 

CHINO, Calif., Provena Foods Inc. (AMEX: PZA) incurred a net loss of $211,060 for the 3rd quarter and $532,351 for the 1st nine months of 2005 compared to net losses of $545,091 and $1,204,550 a year ago. The Company’s sales were up 2% in the 3rd quarter and up 14% in the 1st nine months of 2005 compared to the same periods of 2004. Both the meat and the pasta divisions contributed to the decreases in losses and increases in sales in both periods, except that in the 3rd quarter of 2005, the meat division’s sales were down 1% and the pasta division's loss was up 4%.

 

CONDENSED STATEMENT OF OPERATIONS

(Unaudited)

 

     Three Months Ended
September 30,


    Nine Months Ended
September 30,


 
     2005

    2004

    2005

    2004

 

Net Sales

   $ 13,965,713     $ 13,708,284     43,126,885     37,829,174  

Cost of Sales

     13,401,238       13,303,983     40,916,460     36,440,964  
    


 


 

 

Gross profit

     564,475       404,301     2,210,425     1,388,210  

Operating Expenses:

                            

Distribution

     408,222       367,058     1,249,070     1,277,067  

General and administrative

     489,691       433,067     1,538,313     1,414,310  
    


 


 

 

Operating loss

     (333,438 )     (395,824 )   (576,958 )   (1,303,167 )

Interest expense and other financing costs, net

     (164,372 )     (154,098 )   (625,918 )   (404,149 )

Other Income, net

     147,605       64,131     360,480     176,566  
    


 


 

 

Loss before income taxes

     (350,205 )     (485,791 )   (842,396 )   (1,530,750 )

Income tax expense (benefit)

     (139,145 )     59,300     (310,045 )   (326,200 )
    


 


 

 

Net loss

     (211,060 )     (545,091 )   (532,351 )   (1,204,550 )
    


 


 

 

Loss per share:

                            

Basic and diluted

     (0.06 )     (0.16 )   (0.16 )   (0.36 )
    


 


 

 

Shares used in computing loss per share.

                            

Basic and diluted:

     3,412,842       3,398,272     3,382,503     3,346,043  
    


 


 

 

 

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

 

Item 9.01 Financial Statements and Exhibits

 

No financial reports or exhibits are filed with this report.


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 hereunto duly authorized.

 

Date: November 10, 2005

      PROVENA FOODS INC.
            By   /s/ Thomas J. Mulroney
               

Thomas J. Mulroney

Vice President and

Chief Financial Officer