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): February 25, 1998
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 File Number) (IRS Employer
of Incorporation) 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 presents 33 days of post-merger financial results
following the Registrant's acquisition of Rykoff-Sexton, Inc. (the "Merger").
The acquisition is being accounted for under the pooling of interests method.
For the period December 23, 1997 to January 24, 1998, the Registrant reported
net sales of $464.9 million and a net loss of $93.8 million. The net loss
included the effect of restructuring costs, asset impairment charges, merger
transaction costs and certain other costs resulting from the integration of the
two businesses (the "Merger Related Costs"). The Merger Related Costs totaled
$111.8 million ($85.1 million after taxes). The net loss also included an
extraordinary charge of $9.7 million, net of tax benefit, related to refinancing
substantially all of the debt of the two companies outstanding prior to the
Merger (excluding Rykoff-Sexton, Inc. public notes and capital leases). Earnings
per share data have not been provided since such amounts are calculated on a
quarterly and annual weighted average basis.
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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.
/s/ Lewis Hay III
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Lewis Hay, III,
Executive Vice President and
Chief Financial Officer
Date: February 25, 1998
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