UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 2
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended February 23, 2002
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ________ to ________
Commission file number 1-4141
THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.
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(Exact name of registrant as specified in its charter)
Maryland 13-1890974
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2 Paragon Drive
Montvale, New Jersey 07645
(Address of principal executive offices)
Registrant's telephone number, including area code: 201-573-9700
Securities registered pursuant to Section 12 (b) of the Act:
Title of each class Name of each exchange on which registered
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Common Stock - $1 par value New York Stock Exchange
Securities registered pursuant to Section 12 (g) of the Act: None
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [ ] No [X]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
The aggregate market value of the voting stock held by non-affiliates of the
Registrant at May 23, 2002 was approximately $415,356,000. The number of shares
of common stock outstanding at May 23, 2002 was 38,506,565.
DOCUMENTS INCORPORATED BY REFERENCE
The information required by Part I, Items 1 and 3, and Part II, Items 5, 6, 7,
7A, 8 and 14 are incorporated by reference from the Registrant's 2001 Annual
Report to Stockholders.
EXPLANATORY NOTE
On July 5, 2002, The Great Atlantic & Pacific Tea Company, Inc. ("the
Company") filed its Annual Report on Form 10-K for the year ended February 23,
2002. In that Form 10-K, the Company restated its financial statements for
fiscal 1999, fiscal 2000 and supplementary financial information for the first
three quarters of fiscal 2001 to correct accounting errors primarily related to
(1) the Company's recognition of certain vendor allowances, (2) the Company's
method of estimating self-insurance reserves and (3) the Company's recognition
of sublet income associated with certain closed stores.
On July 31, 2002, the Company filed Amendment No. 1 to its Annual Report on
Form 10-K for the year ended February 23, 2002 to correct a classification error
between its United States Retail operations and its Canada Retail operations.
That amended filing impacted the 2001 Annual Report to Stockholders and the
Independent Auditors' Consent which were filed with the Securities and Exchange
Commission as Exhibit 13 and Exhibit 23, respectively, to Form 10-K on July 5,
2002. That reclassification impacted the following sections on the Form 10-K:
o The geographic makeup of gross margin in the sections entitled "Gross
Margin" in Management's Discussion and Analysis
o "Note 9 - Income Taxes"
o "Note 13 - Operating Segments"
On August 22, 2002, the Company is filing this Amendment No. 2 to its
Annual Report on Form 10-K for the year ended February 23, 2002 to expand the
disclosures related to the restatement and provide additional disclosures of
certain accounting policies. This amended filing impacted the following sections
of the Form 10-K:
o Management's Discussion and Analysis
o "Note 1 - Summary of Significant Accounting Policies"
o "Note 2 - Restatement of Previously Issued Financial Statements"
o "Note 18 - Summary of Quarterly Results"
The Great Atlantic & Pacific Tea Company, Inc.
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.
THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.
Dated: August 22, 2002 By: /s/ Brenda M. Galgano
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Brenda M. Galgano, Vice President, Corporate
Controller (Chief Accounting Officer)
EXHIBIT NO. DESCRIPTION
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13 2001 Annual Report to Stockholders
23 Independent Auditors' Consent