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) June 15, 1995
ALBERTO-CULVER COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-5050 36-2257936
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
2525 Armitage Avenue
Melrose Park, Illinois 60160
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (708) 450-3000
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ITEM 5. OTHER EVENTS
On June 15, 1995, the registrant offered $90 million of convertible
subordinated debentures in the offshore and U.S. institutional markets. A
copy of the press release relating to this offering is attached hereto and
incorporated herein by reference as Exhibit 99. This filing is made pursuant
to Rule 135c(d) under the Securities Act of 1933.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits:
99 Press release dated June 15, 1995
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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 hereunto duly authorized.
ALBERTO-CULVER COMPANY
(Registrant)
By:/s/ William J. Cernugel
William J. Cernugel
Senior Vice President, Finance & Controller
(Principal Financial Officer)
June 15, 1995
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Exhibit 99
FOR IMMEDIATE RELEASE
Contact: Daniel B. Stone (708)450-3005
ALBERTO-CULVER OFFERS $90 MILLION
CONVERTIBLE DEBENTURES IN OFFSHORE
AND U.S. INSTITUTIONAL MARKETS
(Melrose Park, IL - - June 15, 1995) -- The Alberto-Culver Company announced
today that it offered through underwriters $90 million of 5 1/2% convertible
subordinated debentures due June 30, 2005. The offering may be increased to
$100 million under a $10,000,000 underwriters' overallotment option. The
debentures are being sold to offshore investors, pursuant to a Regulation S
exemption, and in the U.S. to qualified institutional buyers only, pursuant to
a Rule 144A exemption, and accordingly the debentures will not be registered
under the Securities Act of 1933.
The debentures will be convertible into shares of the Company's Class A
Common Stock (NYSE:ACVA) at a conversion price of $32 3/8 per share. The last
reported sale price for the Class A Common Stock on the NYSE on Wednesday,
June 14, 1995 was $27 per share.
Howard B. Bernick, President and Chief Executive Officer, said the
proceeds will be used for general corporate purposes, including capital
expenditures, debt repayments and potential acquisitions.
