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SECURITIES AND EXCHANGE
COMMISSION FORM 8-K CURRENT REPORT August 6, 2004 ROCK OF AGES CORPORATION Delaware 0-29464 772 Graniteville Road, Graniteville, Vermont
05654 (Registrant's Telephone Number, Including Area
Code) (802) 476-3121 NONE
ROCK OF AGES CORPORATION FORM
8-K ITEM 5. OTHER EVENTS. On August 6, 2004 Rock of Ages announced that
it had acquired Crone Monument Company, a retailer of granite memorials with
sales locations in Memphis and Jackson Tennessee for $460,000. On August 6, 2004, Rock of Ages also announced that
it has paid in full the previously announced $6.5 million arbitration award to Granite
Stone Business International (formerly known as Eurimex). The parties have
exchanged mutual releases for all claims up to the date of the release including
those brought in the arbitration. ITEM 7. FINANCIAL
STATEMENTS AND EXHIBITS. (c)
Exhibits: 99.1
Press Release Dated August 6, 2004 - 2 - ROCK OF AGES
CORPORATION FORM
8-K
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its
charter)
(State or
Other Jurisdiction of
Incorporation)
(Commission File Number)
03-0153200
(I.R.S. Employer Identification
Number)
(Address of Principal Executive
Office)
(Zip Code)
(Former Name
or Former Address, if Changed Since Last Report)
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ROCK OF AGES CORPORATION
Dated: August 6, 2004 |
By: /s/Michael Tule Michael Tule Vice President/General Counsel |
-3-
EXHIBIT 99.1
Rock of Ages
FOR IMMEDIATE RELEASE |
Investor
Contact: |
Company
Contact:
|
Rock of Ages Acquires Crone Monument Company
Completes Payment to Eurimex
CONCORD, NEW HAMPSHIRE, August 6, 2004 . . .. Rock of Ages Corporation (NASDAQ/NMS:ROAC) announced today that it has acquired Crone Monument Company, a retailer of granite memorials with sales locations in Memphis and Jackson, Tennessee. The purchase price was $460,000.
Including this acquisition, Rock of Ages now owns and operates 84 memorial retail outlets in 16 states.
Kurt M. Swenson, Chairman and Chief Executive Officer, said, "This acquisition expands our retail presence into a new state. We are pleased to welcome Crone Monument Company to the Rock of Ages family of retailers, and we are excited by our growth opportunities in Tennessee."
The Company also announced that it has paid in full the previously announced $6.5 million arbitration award to Granite Stone Business International (formerly known as Eurimex). The parties have exchanged mutual releases from all claims up to the date of the release including those brought in the arbitration.
About Rock of Ages
Rock of Ages (www.RockofAges.com) is the largest integrated granite quarrier, manufacturer and retailer of finished granite memorials and granite blocks for memorial use in North America.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Arbitration Reform Act of 1995. These statements are based on current expectations, estimates and projections about our business or expected events based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual events, results or outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: our ability to successfully execute our strategy to expand our business through acquisitions, opening new stores and maintaining our relationships with independent retailers, changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, the success of the Company's branding programs; the excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses; weather conditions and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports including, but not limited to, the risks discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2004. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.