-----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, Alpv/rdUvbn0vVqlayBdbj1TaCr1n/OQ+uXVUG9sFDTFe5zYj0CHSI1iNQsnJAdA tb9fb/yt0Ya3jPMHIf+2/w== 0000922907-05-000699.txt : 20051128 0000922907-05-000699.hdr.sgml : 20051128 20051128171916 ACCESSION NUMBER: 0000922907-05-000699 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051025 ITEM INFORMATION: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review FILED AS OF DATE: 20051128 DATE AS OF CHANGE: 20051128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ITALIAN PASTA CO CENTRAL INDEX KEY: 0000849667 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090] IRS NUMBER: 841032638 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13403 FILM NUMBER: 051229013 BUSINESS ADDRESS: STREET 1: 4100 N MULBERRY DRIVE SUITE 200 CITY: KANSAS CITY STATE: MO ZIP: 64116 BUSINESS PHONE: 8165026000 MAIL ADDRESS: STREET 1: 4100 N MULBERRY DRIVE SUITE 200 CITY: KANSS CITY STATE: MO ZIP: 64116 8-K/A 1 form8ka_112805.htm FORM 8-K/A Form 8-K/A for American Italian Pasta Company


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A

                                 AMENDMENT NO. 1

                                 CURRENT REPORT
                     Pursuant to Section 13 OR 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)        October 25, 2005
                                                --------------------------------
                         AMERICAN ITALIAN PASTA COMPANY
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                   001-13403                84-1032638
- --------------------------------------------------------------------------------
(State or other jurisdiction        (Commission             (IRS Employer
      of incorporation)             File Number)         Identification No.)

  4100 N. Mulberry Drive, Suite 200, Kansas City, Missouri      64116
- --------------------------------------------------------------------------------
          (Address of principal executive offices)           (Zip Code)

Registrant's telephone number, including area code         (816) 584-5000
                                                   -----------------------------
                                 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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
    CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))





Explanatory  Note:  This  Form  8-K/A is being  filed to  clarify  the  previous
disclosure on the Form 8-K  originally  filed on October 31, 2005  regarding the
determination that certain historical  financial  statements should no longer be
relied upon.

Item 4.02  Non-Reliance on Previously  Issued Financial  Statements or a Related
Audit Report or Completed Interim Review.

     (a) On October 25, 2005,  American  Italian Pasta Company (the  "Company"),
based  on  analysis  completed  by its  management  and  approved  by its  Audit
Committee,  determined  that  certain  of  the  Company's  historical  financial
statements  should  no  longer  be  relied  upon.  As  soon as  practical  after
conclusion of its ongoing Audit Committee investigation, the Company anticipates
filing restated financial statements for the affected periods.

     On August 9, 2005 the Company  announced that it had identified  impairment
charges and other adjustments that would be recorded in the Company's  financial
statements.  The Company announced at that time that it would continue to review
its  financial  statements  and would  assess  whether and to what extent  these
adjustments corrected errors in prior reporting periods.

     Since the August 9th  announcement,  the Company has  continued to identify
information  and  undertake  analyses  that  have led  management  and the Audit
Committee to conclude that the Company's  previously issued audited consolidated
financial statements for the fiscal years ended October 1, 2004, October 3, 2003
and September 27, 2002, and the unaudited  consolidated financial statements for
each of the fiscal quarters during such years,  should no longer be relied upon.
In  addition,  management  and the  Audit  Committee  have  concluded  that  the
Company's  unaudited  financial  statements for the first two quarters of fiscal
year 2005 (ended  December  31, 2004 and April 1, 2005) should also no longer be
relied  upon.  This  determination  results  from the  conclusion,  based on the
Company's ongoing review,  that errors relating to the accrual of allowances for
product  promotions and capitalization of certain overhead costs (in both cases,
as  disclosed  in the August  9th  announcement),  when  combined  with  certain
uncorrected immaterial errors, had a material impact on the Company's historical
financial  statements.  The Company continues to review its historical financial
statements,  including with respect to the matters  disclosed on August 9, 2005,
and the Audit  Committee's  investigation  is ongoing.  The  Company's  restated
financial  statements may also reflect other  adjustments for errors in addition
to those identified above. Management and the Audit Committee have discussed the
determination  that these historical  financial  statements should not be relied
upon with the Company's  independent  registered public accounting firm, Ernst &
Young LLP, which concurs with this determination.

     The Company is  continuing to gather  information  and may determine in the
future that the  consolidated  financial  statements for fiscal periods prior to
2002 cannot be relied upon.

     As  soon  as  practical  following  completion  of  the  Audit  Committee's
investigation,  the Company expects to prepare restated financial statements for
the





periods  in  question  and  file  appropriate  corresponding  amendments  to its
periodic and annual  reports  previously  filed with the Securities and Exchange
Commission.  As previously disclosed the Company has not yet filed its Form 10-Q
for the third fiscal quarter of 2005, which was due on August 10, 2005.

     Management and the Audit Committee have discussed the matters  disclosed in
this Form 8-K with Ernst & Young,  LLP,  the  Company's  independent  registered
public accounting firm.





                                   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.


     Date: November 28, 2005           AMERICAN ITALIAN PASTA COMPANY


                                       By:  /s/ George D. Shadid
                                          --------------------------------------
                                            George D. Shadid
                                            Chief Financial Officer


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