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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): April 19, 1995
AMERICAN MAIZE-PRODUCTS COMPANY
(Exact name of registrant as specified in its charter)
Maine 1-6244 13-0432720
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
250 Harbor Drive, Stamford, Connecticut 06902
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 356-9000
None
(Former name or former address, if changed since last report)
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Item 5. Other Events
On April 19, 1995, American Maize-Products Company (the
"Company") issued a press release which is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
99.1 Press release of the Company, dated April 19, 1995.
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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 hereunto duly authorized.
AMERICAN MAIZE-PRODUCTS COMPANY
By /s/Edward P. Norris
---------------------------------
Name: Edward P. Norris
Title: Vice President and
Chief Financial Officer
Date: April 25, 1995
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Number Subject Matter
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<S> <C>
99.1 Press release of the Company, dated April 19, 1995.
</TABLE>
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Exhibit 99.1
FOR: IMMEDIATE RELEASE
CONTACT: Edward P. Norris
Chief Financial Officer
(203) 356-9000
AMERICAN MAIZE REPORTS SIGNIFICANT INCREASE
IN FIRST QUARTER RESULTS
STAMFORD, Conn., April 19, 1995 -- American Maize-Products
Company (ASE:AZE) today reported net income of $7,257,000, or $.70 per share,
for the first quarter of 1995 compared to $683,000, or $.07, a year ago. The
1994 net was after a charge of $3,294,000, or $.32 per share, related to a
plant consolidation and restructuring of the Company's tobacco business.
Sales in the current quarter were $141,075,000, up from
$137,839,000 last year. Sales and operating profits increased in the tobacco
business. The improved results were attributable to higher selling prices and
volumes for cigars and moist snuff products. Cost savings resulting from the
consolidation of its cigar and smokeless tobacco business during the second
quarter of 1994 also added to the increase in American Maize's profitability.
Sales and operating profits declined slightly in the corn business due to lower
margins for corn sweeteners.
American Maize-Products Company
First Quarter
Statement of Earnings
<TABLE>
<CAPTION>
(In Thousands, Except Per Share Amounts) Three months ended
March 31,
-----------------------
1995 1994
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<S> <C> <C>
Net sales $141,075 $137,839
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Income before income taxes $ 11,680 $ 1,182
Income taxes 4,423 499
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Net income $ 7,257 $ 683 (A)
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Earnings per share of common stock:
Net income $ .70 $ .07 (A)
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Weighted average number of
common shares outstanding 10,332,892 10,226,758
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</TABLE>
(A) Reflects a charge of $3,294,000, or $.32 per share, related to
a plant consolidation and restructuring of the Company's
tobacco business.
