-----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, QmUUJzuavfMUawrHqc2rWDa2F0ZmqOSqXaVpIHBHYqn5inRT2QAB8i926Vj+P45P 9kgONi/nnMv9QY0b5tFa7Q== 0000950152-98-009388.txt : 19981204 0000950152-98-009388.hdr.sgml : 19981204 ACCESSION NUMBER: 0000950152-98-009388 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981202 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONRO MUFFLER BRAKE INC CENTRAL INDEX KEY: 0000876427 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING [7500] IRS NUMBER: 160838627 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19357 FILM NUMBER: 98763734 BUSINESS ADDRESS: STREET 1: 200 HOLLEDER PKWY CITY: ROCHESTER STATE: NY ZIP: 14615-3808 BUSINESS PHONE: 7166476400 8-K 1 MONRO MUFFLER BRAKE, INC. 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): December 2, 1998 MONRO MUFFLER BRAKE, INC. ------------------------- (Exact name of registrant as specified in its charter) Commission File Number 0-19357 New York 16-0838627 (State of incorporation) (I.R.S. Employer Identification No.) 200 Holleder Parkway, Rochester, New York 14615 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code (716) 647-6400 2 Item 5. Other Events. - ---------------------- Robert Gross has been appointed as President and Chief Executive Officer of the Company, effective immediately, and will begin full-time responsibilities on January 1, 1999. Mr. Gross replaces Jack Gallagher who was serving as interim President and Chief Executive Officer since February 1998. The Company's press release describing such events is filed herewith. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - --------------------------------------------------------------------------- The following is a list of exhibits filed with this Current Report on Form 8-K indexed to their location in the sequentially numbered copy. Exhibit No. Description - ----------- ----------- 99.1 Press Release dated December 2, 1998 3 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. MONRO MUFFLER BRAKE, INC. ------------------------- (Registrant) December 3, 1998 /s/ Catherine D'Amico ---------------------------------- Catherine D'Amico Sr. Vice President-Finance & CFO EX-99.1 2 EXHIBIT 99.1 1 EXHIBIT 99.1 APPROVED BY: Peter J. Solomon Chairman of the Board Jack Gallagher President and Chief Executive Officer CONTACT: Catherine D'Amico Senior Vice President - Finance Chief Financial Officer (716) 647-6400 Investor Relations: Betsy Brod/Jonathan Schaffer Media Contact: Merridith Ingram/Eileen King Morgen-Walke Associates, Inc. FOR IMMEDIATE RELEASE (212) 850-5600 - --------------------- MONRO MUFFLER BRAKE APPOINTS ROBERT GROSS AS PRESIDENT AND CHIEF EXECUTIVE OFFICER ROCHESTER, N.Y. - DECEMBER 2, 1998 - MONRO MUFFLER BRAKE, INC. (NASDAQ:MNRO) announced today that Robert Gross has been appointed as President and Chief Executive Officer, effective immediately, and will begin full-time responsibilities on January 1, 1999. He replaces Jack Gallagher who returned as interim President and Chief Executive Officer earlier this year. Mr. Gross, 40, joins Monro Muffler Brake from Tops Appliance City, Inc. (Nasdaq:TOPS), a retailer of home appliances and consumer electronics, where he served as Chairman and Chief Executive Officer since 1995. Prior to that, he spent four years in various senior executive positions, including President and Chief Operating Officer, at Eye Care Centers of America, Inc., formerly a specialty retail business of Sears, Roebuck & Co. (NYSE:S). Mr. Gross is a Certified Public Accountant and holds an M.B.A. in Accounting and a B.S. in Finance from the State University of New York at Buffalo. Mr. Gross has extensive experience in building and managing retail businesses with multiple and disparate locations. In his two previous positions, Mr. Gross implemented aggressive growth strategies based on the leveraging of brand equity, building of critical mass in existing markets and penetration of target markets, and the streamlining of operating efficiencies. His efforts resulted in steadily improving comparable store sales and enhanced profitability. -MORE- 2 MONRO MUFFLER BRAKE, INC. APPOINTS ROBERT GROSS AS PRESIDENT AND CEO PAGE 2 Peter J. Solomon, Chairman of Monro, commented, "We are very excited that Rob Gross will join us as the new leader of the Company. Rob's successful operational background and reputation for invigorating retail businesses will work to further develop Monro's position as a leader in our industry as we integrate the 189 Speedy U.S.A. locations acquired in September. Throughout his career, he has provided vision and leadership along with strong bottom-line skills. I believe Rob will be very impressed by the high caliber of the Company's professionals at both the managerial and store levels. I would also like to sincerely thank Jack Gallagher for his most recent contribution to the Company." Mr. Gross commented, "I am looking forward to joining Monro as the Company is currently in an exciting phase of its development. This is an excellent opportunity for me to build upon a company with a strong foundation and superior brand recognition, and I am excited to work with the employees of Monro to realize the Company's full potential. I am particularly looking forward to successfully completing the integration of the acquired Speedy U.S.A. locations, leveraging and enhancing the operations of the Company's growing store base, and further expanding the Company's operations." Monro Muffler Brake operates a chain of stores providing automotive undercar repair services in the United States. The Company currently operates 530 stores and has 14 dealer locations in New York, Pennsylvania, Ohio, Connecticut, Massachusetts, West Virginia, Virginia, Maryland, Vermont, New Hampshire, New Jersey, North Carolina, South Carolina, Indiana, Rhode Island, Delaware and Michigan. Monro's stores provide a full range of services for exhaust systems, brake systems, steering and suspension systems and many vehicle maintenance services. Certain statements made above may be forward-looking and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties include, but are not necessarily limited to, uncertainties affecting retail generally (such as consumer confidence and demand for auto repair); risks relating to leverage and debt service (including sensitivity to fluctuations in interest rates); dependence on, and competition within, the primary markets in which the Company's stores are located; the need for, and costs associated with, store renovations and other capital expenditures; and the risks described from time to time in the Company's SEC reports which include the report on Form 10K for the fiscal year ended March 31, 1998. # # # -----END PRIVACY-ENHANCED MESSAGE-----