SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 17, 1997
JP FOODSERVICE, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-24954 52-1634568
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
9830 Patuxent Woods Drive
Columbia, Maryland 21046
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(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code (410) 312-7100
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
The Registrant hereby incorporates by reference the information contained
in Attachment A hereto in response to this Item 5.
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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 hereunto duly authorized.
JP Foodservice, Inc.
Date: November 26, 1997 /s/ Lewis Hay III
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Lewis Hay III, Director
Senior Vice President and
Chief Financial Officer
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Attachment A
JP Logo
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JP FOODSERVICE, INC. News Release
9830 Patuxent Woods Drive For More Information Contact:
Columbia, MD 21046 Lewis Hay, III
(410) 312-7100 Chief Financial Officer
Website: www.jpfoodservice.com
Website: www.shareholdernews.com/jpf
JP FOODSERVICE, INC. ANNOUNCES STOCK
REPURCHASE PROGRAM
Columbia, Maryland, November 17, 1997 - JP Foodservice, Inc. (NYSE: JPF)
today announced that its Board of Directors has authorized the repurchase from
time to time of up to 500,000 shares of its Common Stock on the open market or
in privately negotiated transactions, or a combination of both. The shares
subject to the repurchase program constitute approximately 2% of the Common
Stock outstanding. The shares reacquired will be used to meet corporate
requirements, including to satisfy the Company's obligations under its
acquisition program and under its employee stock and benefit plans. The
repurchase program will terminate upon the earlier of one year after this
announcement or the date JP Foodservice has repurchased the 500,000 shares
authorized under the program.
Jim Miller, Chairman and Chief Executive Officer, stated, "In light of JP's
future obligations to issue stock for benefit plans, employee stock incentive
plans and our acquisition program, the Board of Directors considers JP
Foodservice stock to be an attractive investment, especially at current prices."
JP Foodservice distributes food and related products to restaurants and
institutional foodservice establishments in the Mid-Atlantic, Midwestern, and
Northeastern Regions of the United States as well as Las Vegas, Nevada. JP
markets and distributes 30,000 national, private label, and signature brand
items to over 34,000 customers, including restaurants, hotels, healthcare
facilities, cafeterias and schools, and employs over 3,500 foodservice
professionals. The Company's diverse customer base encompasses both independent
and chain businesses, including Old Country Buffet, Perkins Family Restaurants,
Subway, Compass Group, Pizzeria Uno, and Ruby Tuesday.
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