-----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, JpsAbaXTQThM2v13akKDenNx1etaGSFVM6NwV19vuCbUOV9NQp2tJ3Vnxd6lOT2a M+7IUezRonXJEcSToHmTbQ== 0000914062-01-500015.txt : 20010123 0000914062-01-500015.hdr.sgml : 20010123 ACCESSION NUMBER: 0000914062-01-500015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001213 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYSCO CORP CENTRAL INDEX KEY: 0000096021 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & RELATED PRODUCTS [5140] IRS NUMBER: 741648137 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06544 FILM NUMBER: 1509584 BUSINESS ADDRESS: STREET 1: 1390 ENCLAVE PKWY CITY: HOUSTON STATE: TX ZIP: 77077 BUSINESS PHONE: 2815841390 8-K 1 sys8k101.txt 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): December 13, 2000 SYSCO CORPORATION ----------------- (Exact name of registrant as specified in its charter) Delaware -------- (State or other jurisdiction of incorporation) 1-06544 74-1648137 ------- ---------- (Commission File Number) (IRS Employer Identification No.) 1390 Enclave Parkway Houston, Texas 77077-2099 ---------------------------------------------- (Address of principal executive offices, including zip code) (281) 584-1390 -------------- (Registrant's telephone number, including area code) -------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On December 13, 2000, SYSCO Corporation ("SYSCO") issued a press release regarding expected results for its second quarter ending December 30, 2000. SYSCO hereby incorporates by reference herein the information set forth in its Press Release dated December 13, 2000, a copy of which is attached hereto as Exhibit 99.1. Except for the historical information contained in this report, the statements made by SYSCO are forward looking statements that involve risks and uncertainties. All such statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. SYSCO's future financial performance could differ significantly from the expectations of management and from results expressed or implied in the Press Release. For further information on other risk factors, please refer to the "Risk Factors" contained in SYSCO's Annual Report on Form 10-K for the fiscal year ended July 1, 2000 as filed with the Securities and Exchange Commission. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. Exhibit Number Description -------------- ----------- 99.1 Press Release dated December 13, 2000 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, SYSCO has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SYSCO CORPORATION Date: January 15 , 2001 By: /s/ John K. Stubblefield, Jr. ------ -------------------------------------- Name: John K. Stubblefield, Jr. Title: Executive Vice President, Finance and Administration 3 EXHIBIT INDEX Exhibit Number Description Page - -------------- ----------- ---- 99.1 Press Release dated December 13, 2000 5 4 EX-99 2 sys8k991.txt PRESS RELEASE NEWS RELEASE SYSCO Corporation ------------ 1390 Enclave Parkway Houston, Texas 77077-2099 (281) 584-1390 FOR MORE INFORMATION -------------------- CONTACT: Toni R. Spigelmyer Assistant Vice President, Investor and Media Relations (281) 584-1458 SYSCO EXPECTS STRONG SECOND QUARTER RESULTS AS SALES AND EARNINGS MOMENTUM CONTINUES HOUSTON, DECEMBER 13, 2000 - SYSCO Corporation (NYSE: SYY) announced today that continuing strong sales and earnings momentum should boost earnings per share to the $0.39 to $0.41 level for the second fiscal quarter ending December 30, 2000, compared to $0.31 per share earned in the same quarter last year. "We are particularly pleased that our efforts are being rewarded, as the American public continues to enjoy eating meals prepared away from home," said Charles H. Cotros, chairman and chief executive officer of SYSCO. "We believe that this activity is not a luxury, but has become ingrained in the fast-paced lifestyles we enjoy today." "A number of factors are contributing to this strong performance," he emphasized. "SYSCO's favorable customer and product mix, the continuing acceptance of quality-assured SYSCO Brand products, the ongoing efficiency and productivity gains resulting from our technology solutions and our aggressive expansion goals are driving our continued success and should produce results more favorable than initially anticipated." With respect to the latter half of the fiscal year, Mr. Cotros noted that he is cautiously optimistic. "During the remainder of the year, we will be comparing to particularly strong 41 percent earnings per share growth during last year's third quarter and a 23 percent earnings per share gain for the fourth quarter of fiscal 2000, which consisted of 13 weeks compared to 14 weeks in the prior year," he said. A complete second quarter earnings release is scheduled for Wednesday, January 17, 2001. 1 SYSCO, listed on the New York Stock Exchange, is the largest foodservice marketing and distribution organization in North America. Generating annual sales of $19.3 billion for the fiscal year ended July 1, 2000, the company provides food and related products and services to approximately 325,000 restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. The SYSCO distribution network extends throughout the entire continental United States, Alaska, the District of Columbia, Hawaii and portions of Canada. FORWARD-LOOKING STATEMENTS CERTAIN STATEMENTS MADE HEREIN ARE FORWARD-LOOKING STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. THEY INCLUDE STATEMENTS REGARDING SALES MOMENTUM, EARNINGS GROWTH, CONTINUED STRENGTH OF SYSCO BRAND PRODUCTS, INDUSTRY GROWTH, THE AWAY-FROM-HOME EATING HABITS OF THE AMERICAN PUBLIC AND IMPROVED OPERATING EFFICIENCIES AND PRODUCTIVITY RELATED TO INFORMATION SYSTEMS. THESE STATEMENTS INVOLVE RISKS AND UNCERTAINTIES AND ARE BASED ON MANAGEMENT'S CURRENT EXPECTATIONS AND ESTIMATES; ACTUAL RESULTS MAY DIFFER MATERIALLY. THOSE RISKS AND UNCERTAINTIES THAT COULD IMPACT THESE STATEMENTS INCLUDE THE RISKS RELATING TO THE FOODSERVICE DISTRIBUTION INDUSTRY'S RELATIVELY LOW PROFIT MARGINS AND SENSITIVITY TO GENERAL ECONOMIC CONDITIONS; SYSCO'S LEVERAGE AND DEBT RISKS; THE SUCCESSFUL COMPLETION AND INTEGRATION OF ACQUISITIONS; THE POSSIBILITY THAT THE COMPANY'S INFORMATION SYSTEMS WILL NOT OPERATE AS ANTICIPATED AND THEREFORE NOT PROVIDE THE COMPANY WITH THE EXPECTED COMPETITIVE EDGE, THE RISK OF INTERRUPTION OF SUPPLIES DUE TO LACK OF LONG-TERM CONTRACTS, SEVERE WEATHER, WORK STOPPAGES OR OTHERWISE; INTERNAL FACTORS SUCH AS THE ABILITY TO CONTROL EXPENSES AND OTHER RISK FACTORS DETAILED IN SYSCO'S FORM 10-K FOR THE FISCAL YEAR ENDED JULY 1, 2000 FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. 2 -----END PRIVACY-ENHANCED MESSAGE-----