8-K 1 form8k.txt FORM 8K PRESS RELEASE 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): October 30, 2001 PSS WORLD MEDICAL, INC. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Florida 0-23832 59-2280364 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 4345 Southpoint Boulevard Jacksonville, Florida 32216 --------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (904) 332-3000 --------------- (Registrant's telephone number, including area code) Item 5. Other Events. ------------ During the fiscal quarter ended June 30, 2001, PSS World Medical, Inc. (the "Company") elected to early adopt the provisions of Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets ("SFAS 142"). After conducting the required transitional impairment test to evaluate the carrying value of its goodwill, the Company determined that it must record a goodwill impairment loss of $90.1 million (net of income taxes of $14.4 million) at its imaging business segment. As required by SFAS 142, the Company has reported this loss as a change in accounting principal and recorded the loss as of the first day of the fiscal year of adoption. Please refer to the press release attached as Exhibit 99.1 to this Form 8-K, for further information. Item 7. Financial Statements and Exhibits. ---------------------------------- 99.1 Press Release dated October 30, 2001. 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. PSS WORLD MEDICAL, INC. (Registrant) Date: November 2, 2001 By: /s/ David A. Smith ------------------------ Name: David A. Smith Title: President EXHIBIT INDEX 99.1 Press Release dated October 30, 2001.