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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 12, 2003
FLEMING COMPANIES, INC.
(Exact name of Registrant as specified in its charter)
OKLAHOMA 1-8140 48-0222760
(State of incorporation (Commission file number) (I.R.S. employer
or organization) identification number)
1945 LAKEPOINTE DRIVE
LEWISVILLE, TEXAS 75057
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (972) 906-8000
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ITEM 5. OTHER INFORMATION.
On May 12, 2003, Fleming Companies, Inc. ("Fleming") issued a press
release announcing that it has filed a motion and an asset purchase agreement
with the Bankruptcy Court regarding the proposed purchase by Save Mart
Supermarkets ("Save Mart") of nine retail grocery stores in California. The
purchase agreement renews a prior agreement between the parties regarding the
same stores. If all nine stores are sold to Save Mart, the Company anticipates
net cash proceeds of approximately $25 million and approximately $7 million for
inventory located at the stores. Under the agreement, Save Mart has agreed to
hire substantially all of the associates at the stores.
The Federal Trade Commission (the "FTC") has been reviewing the sale of
the nine stores to Save Mart. Under the agreement, if the FTC does not approve
the sale of certain of the nine stores, the parties may eliminate them from the
transaction with a corresponding purchase price adjustment. In addition, if the
FTC does not approve the sale of certain other stores, the parties are entitled
to terminate the purchase agreement in its entirety. The purchase agreement is
also subject to certain other closing conditions.
The Company will seek to establish auction bidding procedures for the
sale of the nine stores at its May 19, 2003 hearing before the Bankruptcy Court
and to obtain a sale hearing on June 4, 2003.
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.
FLEMING COMPANIES, INC.
Date: May 16, 2003 By: /s/ PETER S. WILLMOTT
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Peter S. Willmott
Interim Chief Executive Officer and
President