SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10 K/A
(Mark One)
( X ) Annual Report Pursuant to Section 13 or 15 (d) of the Securities
Exchange Act of 1934
For the Fiscal Year ended August 27, 1994
( ) Transition Report Pursuant to Section 13 or 15 (d) of the Securities
Exchange Act of 1934
For the transition period from
to
Commission File number 0-80.
SEAWAY FOOD TOWN, INC.
(Exact name of registrant as specified in its charter)
Ohio 34-4471466
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1020 Ford Street, Maumee, Ohio 43537
(Address of principal executive offices) (Zip Code)
419/893-9401
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12 (b) of the Act:
None
Title of each class
Securities registered pursuant to Section 12 (g) of the Act:
Common Stock, without par value (stated value $2.00 per share).
Title of Class
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
Page 1 of 2 of Cover Page
<PAGE>
2
Disclosure of Delinquent Form Filing
Indicate by check mark if disclosure of delinquent filings pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive Proxy or information statement
incorporated by reference in part 3 of this Form 10 K or any amendments to
this Form 10 K.
[ X ]
The aggregate market value of voting stock held by nonaffiliates of the
registrant is approximately $13,968,804 as of November 11, 1994.
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at November 11, 1994
Common stock, without par 2,174,773 shares
value (stated value $2.00
per share)
Documents Incorporated in Part by Reference
Parts II and IV Portions of the 1994 Annual Report to Shareholders of
Seaway Food Town, Inc. ("Annual Report") are filed as
Exhibit 13 filed hereto.
Part III The Seaway Food Town, Inc. Proxy Statement, dated
December 9, 1994 ("Proxy Statement")
Page 2 of 2 of Cover Page
<PAGE>
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) The following documents or portions thereof indicated are filed as a
part of this report on Form 10-K.
(1) The following consolidated financial statements of Seaway Food
Town, Inc. and its subsidiaries, included on pages 19 - 31 of Exhibit
(13) filed hereunder are incorporated by reference in Item 8.
Report of Independent Auditors
Consolidated statements of Income - Years ended August 27, 1994,
August 28, 1993 and August 29, 1992
Consolidated balance sheets at August 27, 1994 and August 28, 1993
Consolidated statements of cash flows - Years ended August 27, 1994,
August 28, 1993 and August 29, 1992
Consolidated statement of shareholders' equity - Years ended
August 27, 1994, August 28, 1993 and August 29, 1992
Notes to consolidated financial statements - August 27, 1994
(2) The following consolidated financial statement schedules of
Seaway Food Town, Inc. and its subsidiairies are filed under
Item 14(d):
SCHEDULE PAGE(S)
Schedule V - Property, plant and equipment 9
Schedule VI - Accumulated depreciation and amortization
of property, plant and equipment 10
Schedule VIII - Valuation and qualifying accounts 11
All other schedules have been omitted since the required information is
not present or is not present in amounts sufficient to require submission
of the schedule, or because the information required is included in the
consolidated financial statements or the notes thereto.
<PAGE>
b.) Reports on Form 8-K.
No reports on Form 8-K were required to be filed for the
three months ended August 27, 1994.
c.) Exhibits Required by Item 601 of Regulation S-K Index.
Exhibit 3 - Data required by this item has previously been
filed and is incorporated by reference from the
Company's Annual Report on Form 10-K for the Year
Ended September 25, 1982, File 0-80.
A copy of the Amendment to the Articles of
Incorporation filed with the Secretary of State of Ohio,
January 17, 1989, is incorporated by reference from the
Company's Annual Report on Form 10-K for the Year Ended
August 26, 1989, File 0-80.
4 - Data required by this item has previously been filed and
is incorporated herein by reference from the Company's
Annual Report on Form 10-K for the Year Ended September
26, 1981, File 0-80.
10 - Contracts required by this item have previously been filed
and are Incorporated herein by reference from the Company's
Annual Report on Form 10-K for the Years Ended September
26, 1981, September 24, 1983, the eleven months ended
August 27, 1988, File 0-80, on the Company's Issuer Tender
Offer Statement on Schedule 13 E-4 filed November 4,
1987, and on form 10-K for the years ended August 25, 1990,
August 31, 1991, August 29, 1992, and August 28, 1993.
11 - Computation of income per share.
13 - Portions of the 1994 Annual Report to Shareholders (to
the extent incorporated by reference hereunder.)
22 - Subsidiaries of the Registrant.
23 - Consent of Independent Auditors.
99 - Financial Data Schedule
d. Financial Statements Required by Regulation S-X.
Included in Item 14 (a), above.
<PAGE>
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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.
SEAWAY FOOD TOWN, INC.
(Registrant)
11/18/94 By /s/ Richard B. Iott
Date Richard B. Iott, President & Director
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
11/18/94 By /s/ Wallace D. Iott
Date Wallace D. Iott, Chairman of the Board
(Principal Executive Officer)
& Director
11/18/94 By /s/ Waldo E. Yeager
Date Waldo E. Yeager, Director
(Chief Financial Officer and
Treasurer)
11/18/94 By /s/ Robert J. Kirk
Date Robert J. Kirk, Director
11/18/94 By /s/ Thomas M. O'Donnell
Thomas M. O'Donnell, Director
11/18/94 By /s/ David J. Walrod
Date David J. Walrod, Director
11/18/94 By /s/ Richard K. Ransom
Date Richard K. Ransom, Director
<PAGE>
EXHIBIT 99
FINANCIAL DATA SCHEDULE
ARTICLE 5 OF REGULATION S-X
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL YEAR-END> AUG-27-1994
<PERIOD-END> AUG-27-1994
<CASH> 7,137
<SECURITIES> 0
<RECEIVABLES> 5,627
<ALLOWANCES> 450
<INVENTORY> 44,749
<CURRENT-ASSETS> 63,421
<PP&E> 184,825
<DEPRECIATION> 99,479
<TOTAL-ASSETS> 155,203
<CURRENT-LIABILITIES> 54,484
<BONDS> 55,060
<COMMON> 4,485
0
0
<OTHER-SE> 33,100
<TOTAL-LIABILITY-AND-EQUITY> 155,203
<SALES> 546,193
<TOTAL-REVENUES> 546,193
<CGS> 409,305
<TOTAL-COSTS> 409,305
<OTHER-EXPENSES> 129,921
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 4,410
<INCOME-PRETAX> 3,726
<INCOME-TAX> 1,288
<INCOME-CONTINUING> 2,438
<DISCONTINUED> 0
<EXTRAORDINARY> 123
<CHANGES> 256
<NET-INCOME> 2,059
<EPS-PRIMARY> .89
<EPS-DILUTED> .89
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