0000950123-11-084804.txt : 20110915 0000950123-11-084804.hdr.sgml : 20110915 20110915171522 ACCESSION NUMBER: 0000950123-11-084804 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110915 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110915 DATE AS OF CHANGE: 20110915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEWART ENTERPRISES INC CENTRAL INDEX KEY: 0000878522 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 720693290 STATE OF INCORPORATION: LA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15449 FILM NUMBER: 111093515 BUSINESS ADDRESS: STREET 1: 1333 SOUTH CLEARVIEW PARKWAY CITY: JEFFERSON STATE: LA ZIP: 70121 BUSINESS PHONE: 5047291400 MAIL ADDRESS: STREET 1: 1333 SOUTH CLEARVIEW PARKWAY CITY: JEFFERSON STATE: LA ZIP: 70121 8-K 1 h84725e8vk.htm FORM 8-K e8vk
 
 
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): September 15, 2011
STEWART ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
         
LOUISIANA   1-15449   72-0693290
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)
1333 South Clearview Parkway
Jefferson, Louisiana 70121

(Address of principal executive offices) (Zip Code)
(504) 729-1400
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01   Other Events
     On September 15, 2011, Stewart Enterprises, Inc. (the “Company”) issued a press release reporting the declaration of a quarterly cash dividend and an increase to the Company’s $100 million stock repurchase program by $25 million to $125 million. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01   Financial Statements and Exhibits
  (d)   Exhibits
     
Exhibit    
Number   Description
99.1  
Press release by Stewart Enterprises, Inc. dated September 15, 2011 reporting the declaration of a quarterly cash dividend and an increase to the Company’s stock repurchase program

 


 

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.
         
  STEWART ENTERPRISES, INC.
 
 
September 15, 2011  /s/ Angela M. Lacour    
  Angela M. Lacour   
  Senior Vice President of Finance
And Chief Accounting Officer 
 
 

 


 

EXHIBIT INDEX
     
Exhibit    
Number   Description
99.1  
Press release by Stewart Enterprises, Inc. dated September 15, 2011 reporting the declaration of a quarterly cash dividend and an increase to the Company’s stock repurchase program

 

EX-99.1 2 h84725exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
         
CONTACT:
  Lewis J. Derbes, Jr.   FOR IMMEDIATE RELEASE
 
  Stewart Enterprises, Inc.    
 
  1333 S. Clearview Parkway    
 
  Jefferson, LA 70121    
 
  504-729-1400    
STEWART ENTERPRISES, INC. DECLARES QUARTERLY DIVIDEND AND INCREASES STOCK
REPURCHASE PROGRAM

 
JEFFERSON, La.—(BUSINESS WIRE)—September 15, 2011—Stewart Enterprises, Inc. (Nasdaq GS: STEI) reported today that its Board of Directors has declared its regular quarterly cash dividend of $0.035 per share. The dividend is payable on October 26, 2011 to holders of record of Class A and Class B Common Stock as of the close of business on October 12, 2011.
Also today, the Company announced that its Board of Directors has increased the Company’s $100 million stock repurchase program by $25 million to $125 million. This increases the Company’s current capacity under its stock repurchase program to $51.7 million.
The Company has approximately 89.6 million common shares outstanding, of which approximately 86 million are Class A shares and 3.6 million are Class B shares. The repurchases will be limited to the Company’s Class A common stock.
Founded in 1910, Stewart Enterprises, Inc. is the second largest provider of products and services in the death care industry in the United States, currently owning and operating 218 funeral homes and 141 cemeteries. Through its subsidiaries, the Company provides a complete range of funeral and cremation merchandise and services, along with cemetery property, merchandise and services, both at the time of need and on a preneed basis.