-----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, NpGYE2y6qmft4TqYl0PWsSr0yAB4JJVmeq/ayw30oZbfxdp0CooYrd7ZtoAenjaN 1UxlWuYxLkK+5ZCQAQpuVQ== 0001169232-03-004455.txt : 20030702 0001169232-03-004455.hdr.sgml : 20030702 20030702161420 ACCESSION NUMBER: 0001169232-03-004455 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030626 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: US HOME & GARDEN INC CENTRAL INDEX KEY: 0000879911 STANDARD INDUSTRIAL CLASSIFICATION: TEXTILE MILL PRODUCTS [2200] IRS NUMBER: 770262908 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14015 FILM NUMBER: 03772164 BUSINESS ADDRESS: STREET 1: 655 MONTGOMERY ST STE 500 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4156168111 MAIL ADDRESS: STREET 1: 655 MONTGOMERY ST STREET 2: SUITE 500 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: NATURAL EARTH TECHNOLOGIES INC DATE OF NAME CHANGE: 19930328 8-K 1 d56205_8-k.txt 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): June 26, 2003 U.S. HOME & GARDEN INC. (Exact name of Registrant as specified in its charter) DELAWARE 001-14015 77-0262908 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 655 Montgomery Street, San Francisco, CA 94111 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 616-8111 - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 9. Regulation FD Disclosure The following information is furnished in satisfaction of Item 12 "Disclosure of Results of Operations and Financial Condition" of Form 8-K and is being presented under Item 9 "Regulation FD Disclosure" pursuant to the interim guidance of the Securities and Exchange Commission contained in its Release no. 33-8216 and 34-47583. On June 26, 2003 U.S. Home & Garden Inc. (the "Company") issued a news release announcing that the special meeting of holders of Trust Preferred Securities of U.S. Home & Garden Trust I scheduled for June 27, 2003 would be adjourned. The new release also contained certain information regarding the Company's results of operations for the fiscal quarter ended June 30, 2003. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. 2 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 thereunto duly authorized. U.S. HOME & GARDEN INC. (Registrant) By: /s/ Robert Kassel -------------------------------------- Robert Kassel Chief Executive Officer and President Date: July 2, 2003 3 EXHIBIT INDEX Exhibit 99.1- Press Release of U.S. Home & Garden Inc. dated June 26, 2003. EX-99.1 3 d56205_ex99-1.txt PRESS RELEASE U.S. Home & Garden Announces Adjournment of Special Stockholders Meeting Thursday June 26, 3:53 pm ET SAN FRANCISCO--(BUSINESS WIRE)--June 26, 2003--U.S. Home & Garden Inc. (OTCBB:USHG - News) today announced that the proposed special meeting of holders of the 9.40% Cumulative Trust Preferred Securities of U.S. Home & Garden Trust I (AMEX:UHG_pa - News), which is scheduled to be held at the Company's office at 9:00 AM local time on June 27, 2003 to consider certain proposed amendments to the instruments governing the rights of the Trust Preferred security holders will be adjourned. Although revenues and net income for the fourth fiscal quarter ended June 30, 2003 improved over the third quarter of fiscal 2003 the Company expects that its revenues for its fourth quarter of fiscal 2003 will be approximately $4-6 million lower than it had previously anticipated. The Company also expects a corresponding reduction in net income for the fourth quarter of fiscal 2003 from its prior expectations. These expected results reflect the impact of unseasonably wet and cold spring weather, particularly in the mid-west and east coast regions of the country where the Company's business has been historically concentrated, which reduced consumer demand for its seasonal lawn and garden products. As a result, the parties to the proposed transaction to sell substantially all of the assets of the material operating subsidiaries of U.S. Home & Garden Inc. to a new entity formed by certain members of current management, are in the process of renegotiating the terms and conditions, including a reduction in the proposed purchase price. The Company anticipates that the special meeting of holders of the Trust Preferred Securities will be rescheduled for a date to be determined which is currently expected to be in July 2003. About U.S. Home & Garden Inc. U.S. Home & Garden Inc. is a leading manufacturer and marketer of a broad range of consumer lawn and garden products including weed preventative landscape fabrics, fertilizer spikes, decorative landscape edging, shade cloth and root feeders which are sold under various recognized brand names including Weed Block(r) , Jobe's(r), Emerald Edge(r), Shade Fabric(TM) Ross(r), and Tensar(r). The Company markets its products through most large national home improvement and mass merchant retailers. To learn more about U.S. Home & Garden Inc., please visit its web site at http://www.ushg.com/. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release that are not historical facts are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of the Company to successfully integrate any future businesses or product lines acquired into existing operations, the Company's growth strategy, customer concentration, outstanding indebtedness, dependence on weather conditions, seasonality, expansion, and other activities of competitors, changes in federal or state environmental laws and the administration of such laws, protection of trademarks and other proprietary rights, the general condition of the economy, the general effect of the slowdown of the economy on the Company's operations,, and other risks detailed in the Company's Securities and Exchange Commission filings. The words "anticipate," "expect," and "intend" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Contact: Cameron Associates, New York Investor Relations: Kevin McGrath, 212/245-4577 kevin@cameronassoc.com Source: U.S. Home & Garden Inc. 2 -----END PRIVACY-ENHANCED MESSAGE-----