-----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, O8GYdJgzn0JusBbKquLxwREyfmJDu8ozrCWy9b5l7spEB2vwrokSexpKTiHxi4Kk PgIfwYTuipxuiOLfrWuE7A== 0000842913-94-000009.txt : 19941101 0000842913-94-000009.hdr.sgml : 19941101 ACCESSION NUMBER: 0000842913-94-000009 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19940731 FILED AS OF DATE: 19941031 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: KASH N KARRY FOOD STORES INC CENTRAL INDEX KEY: 0000842913 STANDARD INDUSTRIAL CLASSIFICATION: 5411 IRS NUMBER: 954161591 STATE OF INCORPORATION: DE FISCAL YEAR END: 0730 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-25621 FILM NUMBER: 94556120 BUSINESS ADDRESS: STREET 1: 6422 HARNEY RD CITY: TAMPA STATE: FL ZIP: 33610 BUSINESS PHONE: 8136210276 NT 10-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING FORM 10-K For the Fiscal Year Ended July 31, 1994 PART I KASH N' KARRY FOOD STORES, INC. (Exact Name of Registrant as Specified in Charter) Commission File No. 33-25621 6422 Harney Road, Tampa, Florida 33610 (Address of Registrant's Principal Executive Offices) PART II - RULES 12b-25(b) AND (c) If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check if appropriate) X --- (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; and (b) The subject annual report, on Form 10-K, will be filed on or before the fifteenth calendar day following the prescribed due date. PART III - NARRATIVE State below in reasonable detail the reasons why the Form 10-K could not be filed within the prescribed time period. Registrant has a significant pending contingency that cannot be resolved without unreasonable effort and expense prior to the filing date. However, the Company believes that this contingency will be resolved within the fifteen day extension period granted under Rule 12b-25. The registrant believes that filing its Form 10-K prior to the resolution of this contingency is not appropriate because the information presented therein would, depending on the resolution of the contingency, be misleading. PART IV - OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification. Richard D. Coleman (813) 621-0273 (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months been filed? If answer is no, identify report(s). X YES NO --- --- (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? X YES NO --- --- If so, attach an explanation of the anticipated change, both narratively and quantitatively. KASH N' KARRY FOOD STORES, INC. STATEMENTS OF OPERATIONS (In Thousands) Fifty-two Fifty-two Fifty-three Weeks Ended Weeks Ended Weeks Ended July 31, 1994 August 1, 1993 August 2, 1992 ------------- -------------- -------------- (Unaudited) Sales $1,065,165 $1,086,125 $1,071,038 Cost of sales 845,597 856,156 848,441 ---------- ---------- ---------- Gross profit 219,568 229,969 222,597 Selling, general and administrative expenses 176,945 175,177 164,897 Depreciation and amortization 24,112 23,455 20,132 Store closing and other costs 11,016 -- -- ---------- ---------- ---------- Operating income 7,495 31,337 37,568 Interest expense (net of interest income of $4, $1 and $25) 45,390 43,257 44,869 ---------- ---------- ---------- Net loss (37,895) (11,920) (7,301) Undeclared dividends on Preferred Stock 464 464 474 ---------- ---------- ---------- Loss attributable to Common Stock $ (38,359) $ (12,384) $ (7,775) ========== ========== ========== Sales were adversely impacted by store closings; gross profit was affected by lower sales and the reduction of the Company's investment in forward buy inventory; and operating profit was negatively impacted by the non-recurring "Store closing and other costs" incurred during the first quarter of the year in addition to the reasons discussed above. The Registrant has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. KASH N' KARRY FOOD STORES, INC. October 31, 1994 By: /s/ Richard D. Coleman ---------------------------- Richard D. Coleman Vice President, Controller and Secretary -----END PRIVACY-ENHANCED MESSAGE-----