-----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, Tn9dRIO2Hw9V/p5DSEKD4ATpWUrKVOyzdxNRwBxhMrS5maEns4htPzI3eVZCXLiK xRTlqFDiAoLf/+BndZ5fZA== 0000950109-96-000510.txt : 19960202 0000950109-96-000510.hdr.sgml : 19960202 ACCESSION NUMBER: 0000950109-96-000510 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960131 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960201 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAMBRANDS INC CENTRAL INDEX KEY: 0000096277 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] IRS NUMBER: 131366500 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08714 FILM NUMBER: 96510136 BUSINESS ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: WHITE PLAINS STATE: NY ZIP: 10604 BUSINESS PHONE: 9146966000 MAIL ADDRESS: STREET 1: 777 WESTCHESTER AVE CITY: NEW YORK STATE: NY ZIP: 10604 FORMER COMPANY: FORMER CONFORMED NAME: TAMPAX INC DATE OF NAME CHANGE: 19840502 8-K 1 FORM 8-K 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) January 31, 1996 Tambrands Inc. (Exact name of registrant as specified in its charter) Delaware 1-8714 (13-1366500) (State of (Commission File Number) (IRS Employer incorporation) Identification No.) 777 Westchester Avenue, White Plains, New York 10604 (Address of principal executive offices) (Zip Code) (914) 696-6000 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Items 1-4. Not Applicable. Item 5. Other Events. The Company issued a press release on January 31, 1996. Item 6. Not Applicable. Item 7. Exhibits. 99.1 Press Release of the Company dated January 31, 1996. Item 8. Not Applicable. -2- 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 thereunto duly authorized. Tambrands Inc. By /s/Susan J. Riley -------------------------------------- Name: Susan J. Riley Title: Senior Vice President -- Chief Financial Officer Date: January 31, 1996 -3- EXHIBIT INDEX
Sequentially Exhibit No. Description Numbered Page - ----------- ----------- ------------- 99.1 Press Release of the Company dated January 31, 1996
-4- EX-99.1 2 PRESS RELEASE [LETTER HEAD OF TAMBRANDS] Investor Contact: Media Contact: - ----------------- -------------- Kathy B. Makrakis Bruce P. Garren (914) 696-6540 (914) 696-6509 Janey Loyd (914) 696-6330 FOR IMMEDIATE RELEASE (Wednesday, January 31, 1996) - ----------------------------------------------------- TAMBRANDS REPORTS RECORD TAMPON SALES FOR 1995 ---------------------------------------------- White Plains, New York--January 31, 1996--Tambrands Inc. (NYSE:TMB) reported today that its 1995 tampon sales -- in both dollars and units -- reached record high levels for any year in the Company's history. Net sales for the year were $683,092,000, an increase of 6% over 1994 net sales of $644,513,000 and higher than the previous Company record for tampon sales of $663,372,000, set in 1992. Unit sales also increased about 6% over 1994, evenly balanced between volume from the United States and International businesses. After the previously announced second-quarter litigation charge, net earnings for 1995 were $85,522,000, or $2.33 per share, compared to $89,729,000, or $2.43 per share, in the prior year. 1995 earnings, excluding the charge, were $94,208,000, or $2.57 per share, up 6% over 1994. Edward T. Fogarty, President and Chief Executive Officer, commented on the record year: "The first full year of our growth strategy exceeded our expectations. Even though we considered 1995 to be a transition year, we achieved strong growth in unit and dollar sales, earnings and earnings per share, and overall shareholder value. And we accomplished this in an environment of increasing competition and escalating raw material costs. We enter 1996 well- positioned to continue our growth and to build on this success." Net sales in the fourth quarter of 1995 were $161,691,000, compared to sales of $164,380,000 in the same period of 1994. Net earnings in the 1995 fourth quarter were $22,957,000, or $0.63 per share, compared to $22,654,000, or $0.62 in the fourth quarter of 1994. The Company also announced that the Board of Directors yesterday declared a regular quarterly dividend of $.46 per share, payable on March 15, 1996 to shareholders of record on March 1, 1996. Tambrands has manufactured Tampax(R) tampons for 60 years, and today is the worldwide market leader. Tampax tampons are sold in over 150 countries and are used with confidence by over 100 million women. Tambrands can now be reached on the Internet World Wide Web at http://www.tampax.com. A summary of consolidated operating results for the three months and full year ended December 31, 1995 is attached. # # # TAMBRANDS INC. CONSOLIDATED INCOME STATEMENTS 3 Months and 12 Months Ended December 31
(In thousands, 3 Months Ended 12 Months Ended except per share December 31 Percent December 31 Percent ------------------ ------------------ figures) 1995 1994 Change 1995 1994 Change ------ ------ ------ ------ ------ ------ NET SALES $161,691 $164,380 (2) $683,092 $644,513 6 COST OF PRODUCTS SOLD 56,605 51,867 9 231,625 206,111 12 -------- -------- -------- -------- GROSS PROFIT 105,086 112,513 (7) 451,467 438,402 3 SELLING, ADMIN. AND GENERAL: MARKETING, SELLING AND DISTRIBUTION 55,378 61,599 (10) 238,558 233,753 2 ADMIN. AND GENERAL 11,223 12,772 (12) 52,546 53,034 (1) -------- -------- -------- -------- 66,601 74,371 (10) 291,104 286,787 2 -------- -------- -------- -------- OPERATING INCOME 38,485 38,142 1 160,363 151,615 6 INTEREST, NET AND OTHER (2,303) (2,859) (19) (9,632) (9,864) (2) LITIGATION CHARGE - - - (11,396) - - -------- -------- -------- -------- EARNINGS BEFORE PROVISION FOR INCOME TAXES 36,182 35,283 3 139,335 141,751 (2) PROVISION FOR INCOME TAXES 13,225 12,629 5 53,813 52,022 3 -------- -------- -------- -------- NET EARNINGS $ 22,957 $ 22,654 1 $ 85,522 $ 89,729 (5) ======== ======== ======== ======== NET EARNINGS PER COMMON SHARE $ 0.63 $ 0.62 2 $ 2.33 $ 2.43 (4) ======== ======== ======== ======== AVG. SHARES OUTSTANDING 36,697 36,661 36,671 36,992
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