<PAGE> 1
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) - March 29, 2000
GERALD STEVENS, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as Specified in its Charter)
Florida 0-05531 41-0719035
- ---------------------------- ---------------- -------------------
(State or other jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
301 East Las Olas Blvd., Suite 300 Ft. Lauderdale, Florida 33301
- ---------------------------------------------------------- -----------------
(Address of principal executive offices) (Zip Code)
(954) 713-5000
- --------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
- -------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE> 2
Item 5. Other Events.
We are filing this Current Report on Form 8-K solely for the purpose of
filing the press release included as Exhibit 99.1 hereto, relating to our
private placement of 3,257,000 shares of our common stock at a price of $7.00
per share to institutional investors.
Item 7. Financial Statement and Exhibits
(c) Exhibits.
<TABLE>
<CAPTION>
Sequential
Exhibit No. Description Page Number
----------- ----------- -----------
<S> <C> <C>
99.1 Press Release dated March 29, 2000 5
</TABLE>
2
<PAGE> 3
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.
GERALD STEVENS, INC.
Date: April 5, 2000 By: /s/ Jeffrey M. Mattson
------------------------------------
Jeffrey M. Mattson
Vice President and General Counsel
<PAGE> 4
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99.1 Press release of Gerald Stevens dated
March 29, 2000.
<PAGE> 1
EXHIBIT 99.1
Wednesday March 29, 6:50 pm Eastern Time
COMPANY PRESS RELEASE
GERALD STEVENS, INC. RAISES $22.8 MILLION IN PRIVATE PLACEMENT
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 29, 2000 -- Gerald Stevens,
Inc. (Nasdaq:GIFT - news) announced today that it has accepted subscriptions
for 3,257,000 shares of its common stock at a price of $7.00 per share in a
private placement to institutional investors. The transaction will generate
total gross proceeds of $22.8 million for the company. Funding of the
transaction is expected to be completed by March 30, 2000. Proceeds from the
offering will be used by the company for general corporate purposes. The
shares of common stock issued in the private placement were not registered
under the Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements. This announcement does not constitute an offer to sell or the
solicitation of an offer to buy common stock of Gerald Stevens, Inc. Gerald
Stevens, Inc. is the largest specialty retailer of floral products in the
world, offering its products through retail stores, the internet, corporate
affinity programs, catalogs and Yellow Page direct mail advertising.
Contact:
Gerald Stevens, Inc., Fort Lauderdale
Adams Phillips, Chief Administrative Officer (Media)
954/713-5002
[email protected]
