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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):
August 31, 1997
SNYDER COMMUNICATIONS, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-12145 52-1983617
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
Two Democracy Center, 6903 Rockledge Drive
15th Floor, Bethesda, Maryland 20817
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(Address of principal executive offices) (Zip Code)
(301) 468-1010
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(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
Post-Merger Financial Results
The following is a summary of certain interim financial information of
Snyder Communications, Inc. (the "Company"), on a consolidated basis, reflecting
the combined operations of the Company, including American List Corporation
("American List"), Bounty Group Holdings Limited ("Bounty"), and Sampling
Corporation of America ("SCA"). The acquisitions of American List, Bounty and
SCA occurred in July 1997 in transactions which were accounted for as poolings
of interests for financial reporting purposes. In August 1997, the Company
acquired American Sampling, Inc. ("ASI") and Halliday Jones Sales Limited
("Halliday Jones") in transactions which were accounted for as purchases for
financial reporting purposes. The operations of ASI and Halliday Jones are
included in the interim financial information from the dates of their respective
acquisitions. At August 31, 1997, the Company had consolidated current assets
and noncurrent assets of $89.0 million and $71.2 million, respectively. Also,
at August 31, 1997, the Company had current liabilities and noncurrent
liabilities of $76.6 million and $9.2 million, respectively. For the two months
ended August 31, 1997, the Company recorded $47.7 million in consolidated
revenues and $15.8 million in gross profit. The Company recorded $17.0 million
(before tax) in acquisition and related costs during the two months ended August
31, 1997 related to the acquisitions of American List, Bounty and SCA. For the
two-month period ended August 31, 1997, the Company had income before taxes and
acquisition and related costs of $7.2 million and a loss before taxes of $9.8
million. For the same period, the Company had net income before acquisition and
related costs of $4.3 million and a net loss of $9.7 million.
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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.
SNYDER COMMUNICATIONS, INC.
(Registrant)
Date: September 18, 1997 By: Michele D. Snyder
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Michele D. Snyder
Vice Chairman, President
and Chief Operating Officer
Date: September 18, 1997 By: A. Clayton Perfall
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A. Clayton Perfall
Chief Financial Officer
