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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 10549
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):
November 22, 1995
NATIONAL SANITARY SUPPLY COMPANY
(Exact name of registrant as specified in its charter)
Delaware 0-14-827 31-1079482
(State or other (Commission File No.) (I.R.S. Employer
Jurisdiction Identification
of incorporation) Number)
2900 Chemed Center, 255 E. 5th Street, Cincinnati, OH 45202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(513) 762-6500
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Items 1, 2, 3, 4, 6 and 8 are not applicable and are omitted from
this Report.
Item 5. Other Events
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The Company's press release dated November 22, 1995
relating to its customer Sonic, Inc., is attached as
Exhibit 99.1 hereto and is incorporated herein by
reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
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(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
The following exhibit is filed with this Report on
Form 8-K.
<TABLE>
<CAPTION>
Regulation S-K
Exhibit Number Exhibit
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<C> <S>
99.1 Press release dated
November 22, 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.
Dated: 11/22/95 NATIONAL SANITARY SUPPLY COMPANY
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/s/ Gary H. Sander
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By: Gary H. Sander
Its: Vice President,
Chief Financial Officer &
Treasurer
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Exhibit 99.1
CONTACT: Gary H. Sander FOR IMMEDIATE RELEASE
(513) 762-6886
NATIONAL SANITARY SUPPLY COMPANY EXPECTS CONTINUED
GROWTH DESPITE ANTICIPATED LOSS OF LARGE ACCOUNT
Cincinnati, Ohio, November 22, 1995--National Sanitary Supply
Company (NASDAQ:NSSX) today announced that it expects 1995 to be a
record year for the Company, with net income estimated to increase
by 20% over the prior year. The Company also expects net income to
increase in 1996, although at a slower rate than in 1995, despite
the expected loss of sales to a large account during the first half
of 1996. This chain of fast-food restaurants has decided to
consolidate its procurement of disposable food service products
previously purchased from National with food items purchased through
food service distributors. National's sales to this account consist
of low-margin paper and plastic disposable items and represent
approximately 12% of the Company's total estimated sales in 1995.
"Although we are disappointed with the loss of this business,"
said Paul C. Voet, President and Chief Executive Officer, "our
remaining $300 million of sales has been increasing rapidly. The
loss of this account is not expected to result in any significant
changes in National's operations, which now total 71 locations in 18
states. National remains the largest distributor of sanitary
maintenance supplies in the United States with more than 100,000
customers," Mr. Voet added.
(more)
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The Company plans to redirect much of the capital, personnel,
and other resources previously devoted to servicing this large
account to the enhancement of its primary business. The
redeployment of these resources should help National gain customers
in other areas and will also facilitate expansion through
acquisitions, mitigating the impact of the loss of this account.
"While the future always remains uncertain," Mr. Voet
concluded, "we believe that the current momentum of our core
business, plus the redeployment of these resources, should enable us
to offset this loss and continue our positive growth pattern through
1996 and beyond."
National Sanitary Supply Company, headquartered in Cincinnati,
Ohio, is the largest distributor of sanitary maintenance supplies in
the United States. Through more than 700 sales representatives,
National distributes chemical cleaning compounds, paper and
packaging products, and other maintenance supplies and equipment to
a wide variety of customers.
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