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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 13, 1996
JP Foodservice, Inc.
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 0-24954 52-1634568
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
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<S> <C>
9830 Patuxent Woods Drive, Columbia, Maryland 21046
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: 410-312-7100
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ITEM 5. OTHER EVENTS.
The Registrant hereby incorporates by reference the information
contained in Attachment A hereto, which presents post-merger financial results
related to the Registrant's acquisition of Squeri Food Service, Inc. and its
affiliate. The acquisition is being accounted for under the pooling of
interests method.
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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.
JP FOODSERVICE, INC.
By: /s/ Lewis Hay, III
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Lewis Hay, III
Senior Vice President and
Chief Financial Officer
Date: November 13, 1996
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Attachment A
JP FOODSERVICE, INC.
FINANCIAL HIGHLIGHTS
(In thousands)
(Unaudited)
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For the fiscal
month ended
November 2,
1996(1)
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Net sales............................ $ 161,027
Costs and expenses
Cost of sales.................. 133,151
Operating expenses............. 22,196
Amortization................... 299
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Total costs and expenses............. 155,646
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Income from operations............... 5,381
Interest expense..................... 1,527
Nonrecurring charge.................. 2,000 (2)
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Income before income taxes and
extraordinary charge........... 1,854
Provision for income taxes........... 778
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Net income applicable to
common shareholders............ 1,076 (3)
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(1) Includes pooled results of Valley Industries, Inc. and its affiliates and
Squeri Food Service, Inc. and its affiliate.
(2) Represents costs incurred in connection with the acquisition of Squeri Food
Service, Inc. and its affiliate.
(3) Earnings per share data has not been provided since such amounts are
calculated on a quarterly and annual weighted average basis.
SOURCE: JP Foodservice, Inc.
