UNITED STATES 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): JANUARY 5, 1999
STEWART ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
LOUISIANA 0-19508 72-0693290
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
110 VETERANS MEMORIAL BOULEVARD
METAIRIE, LOUISIANA 70005
(Address of principal executive offices) (Zip Code)
(504) 837-5880
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On January 5, 1999 the Company issued the following press release.
CONTACT:
Kenneth C. Budde
Stewart Enterprises, Inc.
110 Veterans Boulevard
Metairie, LA 70005
504/837-5880
FOR IMMEDIATE RELEASE
STEWART ENTERPRISES PLANS COMMON STOCK OFFERING
Metairie, Louisiana, January 5, 1999 ... Stewart Enterprises, Inc. (Nasdaq
NMS: STEI) today announced that it plans to offer for sale 12,500,000 shares
of its Class A Common Stock, including 650,000 shares that will be offered
for the account of the Stewart Revocable Trust, a trust established by Frank
B. Stewart, Jr. and his wife. Mr. Stewart is the Chairman of the Company's
Board of Directors. The Company intends to use the net proceeds received by
it to fund acquisitions and for general corporate purposes. Pending use for
such purposes, the net proceeds will be used to repay debt or to invest in
short-term, interest bearing securities. The Company will not receive any
of the proceeds from the sale by the selling shareholder.
The offering will be managed by Bear, Stearns & Co. Inc., Merrill Lynch &
Co. and Johnson Rice & Company L.L.C. The offering is expected to be
completed near the end of January 1999.
Founded in 1910, Stewart Enterprises, Inc. is the third largest provider of
products and services in the death care industry in North America, currently
owning and operating 575 funeral homes and 143 cemeteries in North America,
South America, Europe and the Pacific Rim.
A registration statement relating to these securities has been filed with
the U.S. Securities and Exchange Commission and has been declared effective.
This press release shall not constitute an offer to sell or the solicitation
of the offer to buy the securities, nor shall there be any sale of the
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.
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 thereunto duly authorized.
STEWART ENTERPRISES, INC.
January 7, 1999 /s/ Kenneth C. Budde
----------------------------
Kenneth C. Budde
Executive Vice President
Chief Financial Officer
