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: February 13, 1996
(Date of earliest event reported)
HANNAFORD BROS. CO.
(Exact name of registrant as specified in its charter)
Maine 1-7603 01-0085930
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
145 Pleasant Hill Road, Scarborough, Maine 04074
(Address of principal executive offices) (Zip code)
Registrant's telephone number: (207) 883-2911
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Item 5. Other Events.
On February 13, 1996 Hannaford Bros. Co. ("Hannaford" or the
"Registrant") announced that its Board of Directors had renewed an
authorization to repurchase Hannaford stock for use in connection with
Hannaford employee benefit plans and for other corporate purposes. A copy
of Hannaford's press release concerning this announcement is filed as an
exhibit to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following is filed with the Commission as an exhibit to this
report.
99 Press release of the Registrant, dated February 13,
1996, regarding stock repurchase authorization.
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.
HANNAFORD BROS. CO.
Date: February 20, 1996 By: /s/ Charles H. Crockett
Charles H. Crockett
Assistant Secretary
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HANNAFORD BROS. CO.
EXHIBIT INDEX
Exhibit
Number Description Page
99 Press release of the Registrant, dated 4
February 13, 1996, regarding stock
repurchase authorization.
Exhibit 99.1
FOR IMMEDIATE RELEASE
February 13, 1996
HANNAFORD RENEWS AUTHORIZATION TO REPURCHASE STOCK
SCARBOROUGH, MAINE, February 13, 1996 -- Hannaford Bros. Co. (NYSE-HRD), a
multi-regional food retailer, announced today that its Board of Directors
renewed a stock repurchase program, authorizing the repurchase of up to $75
million in shares of Hannaford common stock.
On February 9, 1993, the Board authorized a repurchase program with a life of
three years which expired at the end of 1995. During the three year period
the Company did not buy any shares under the program.
The program approved today authorizes the Company to buy back shares from time
to time over the next three years in the open market and privately negotiated
transactions.
Any shares repurchased by the Company will be held as treasury shares and be
available to the Company for use in various benefit plans and, when authorized
by the Board, for other corporate purposes.
It is the expectation of the Company in 1996 to fund its stock based benefit
plans using repurchased shares. Previously, the Company issued new shares to
fund these plans.
As of February 13, 1996, there were 42,338,415 shares of Hannaford common
stock outstanding.
