8-K 1 a2081236z8-k.txt CURRENT REPORT 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) May 16, 2002 ------------------------------- STRATEGIC DISTRIBUTION, INC. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) 0-5228 -------------------------------------------------------------------------------- (Commission file number) Delaware 22-1849240 -------------------------------------------------------------------------------- (State or other jurisdiction of (I. R. S. Employer incorporation or organization) Identification No.) 3220 Tillman Drive, Suite 200, Bensalem, PA 19020 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) 215-633-1900 -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) TABLE OF CONTENTS Page No. -------- ITEM 5 Other Events 3 ITEM 7 Financial Statements and Exhibits 4 Signatures 5 2 ITEM 5. OTHER EVENTS Strategic Distribution, Inc. ("the Company") received approximately $26.2 million dollars from Kraft Foods North America, Inc. ("Kraft") on May 16, 2002, representing the proceeds from completion of the Company's sale of inventory to Kraft as part of the previously announced termination of the Company's industrial supply services agreement with Kraft. A copy of the Company's press release announcing completion of the sale of the Kraft inventory is attached hereto as Exhibit 99.1 and is incorporated herein by reference. 3 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial statements of business acquired Not applicable (b) Pro forma financial information Not applicable (c) Exhibits: 99.1 Press Release issued by the Company on May 20, 2002 announcing completion of the sale of inventory to Kraft Foods North America, Inc. 4 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. Strategic Distribution, Inc. Date: May 29, 2002 By: /s/ RONALD C. WHITAKER -------------------------------- Ronald C. Whitaker, President and Chief Executive Officer Date: May 29, 2002 By: /s/ MICHAEL F. BONNER -------------------------------- Michael F. Bonner, Vice President and Chief Financial Officer Date: May 29, 2002 By: /s/_DAVID L. COURTRIGHT -------------------------------- David L. Courtright, Controller and Chief Accounting Officer 5 EXHIBIT INDEX 99.1 Press Release issued by the Company on May 20, 2002 announcing completion of the sale of inventory to Kraft Foods North America, Inc. 6