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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
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Date of Report (Date of earliest
event reported) June 12, 1996
Tambrands Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-8714 (13-1366500)
(State of (Commission File Number) (IRS Employer
incorporation) Identification No.)
777 Westchester Avenue, White Plains, New York 10604
(Address of principal executive offices) (Zip Code)
(914) 696-6000
(Registrant's telephone number,
including area code)
N/A
(Former name or former address, if changed since last report)
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Items 1-4. Not Applicable.
Item 5. Other Events.
The Company issued a press release on June 12, 1996.
Information Concerning Forward-Looking Statements.
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Statements contained in the above-mentioned press release other than
matters of historical fact are forward-looking statements, and are made based on
management's expectations and beliefs concerning future developments and their
potential effect on the Company. There can be no assurance that future
developments will be in accordance with management's expectations or that the
effect of future developments on the Company will be those anticipated by
management. Among the factors that could cause actual results to differ
materially from such forward-looking statements are the following:
- the market reception given the Company's new
products, including TAMPAX NATURALS;
- competitive pressures, including new product developments or
increased advertising or promotional activity by existing or
new competitors or growth in the private label tampon
segment;
- changes in the market for raw or packaging materials,
which could impact the Company's manufacturing costs;
- changes in the pricing of the products of the Company or its
competitors;
- changes in consumer preferences affecting the usage of
tampons;
- the loss of a significant customer;
- the costs and uncertainties associated with implementation of
actions resulting from the Company's ongoing evaluation of
its business strategies and organizational structures;
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- production delays or inefficiencies;
- the costs and other effects of legal and administrative cases
and proceedings, settlements and investigations;
- real or perceived safety or quality issues with respect to
the Company's products, whether arising from tampering or
otherwise; and
- changes in U.S. or international economic or political
conditions, such as inflation or fluctuations in interest or
foreign exchange rates.
While the Company periodically reassesses material trends and
uncertainties affecting the Company's results of operations and
financial condition in connection with its preparation of management's
discussion and analysis of results of operations and financial
condition contained in its quarterly and annual reports, the Company
does not intend to review or revise any particular forward-looking
statement in light of future events.
Item 6. Not Applicable.
Item 7. Exhibits.
99.1 Press Release of the Company dated
June 12, 1996.
Item 8. Not Applicable.
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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.
Tambrands Inc.
By /s/Susan J. Riley
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Name: Susan J. Riley
Title: Senior Vice President --
Chief Financial Officer
Date: June 12, 1996
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EXHIBIT INDEX
Sequentially
Exhibit No. Description Numbered Page
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99.1 Press Release of the Company
dated June 12, 1996
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EXHIBIT 99.1
[LOGO]
TAMBRANDS NEWS RELEASE
Investor Contact: Media Contact:
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Kathy Brooks Makrakis Janey M. Loyd
(914) 696-6509 (914) 696-6330
FOR IMMEDIATE RELEASE (WEDNESDAY, JUNE 12, 1996)
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TAMBRANDS EXPECTS LOWER EARNINGS
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White Plains, New York--June 12, 1996--Tambrands Inc. (NYSE:TMB) announced today
that it expects earnings for the second quarter of 1996 to be significantly
below last year's second-quarter earnings, which were $0.59 per share before a
litigation charge. The reduced earnings expectations are due primarily to lower
U.S. unit sales resulting from unprecedented competition in the domestic tampon
market, mainly in the form of retail price promotions by competitors. The
Company also said earnings for full-year 1996 are likely to be below 1995
earnings, which were $2.57 per share before the charge.
"Despite the intensified competition, Tambrands is committed to an ambitious
long-term plan to grow the worldwide tampon business," said Edward T. Fogarty,
President and Chief Executive Officer. "In 1994 and 1995, we demonstrated our
ability to revitalize growth in this category and increase the Tampax worldwide
market share. We believe Tampax has the potential to be one of the global
megabrands of the next century. We will continue our long-term investment in
product improvements, premium-priced new products and increased education and
marketing support."
Tambrands has manufactured Tampax(R) tampons for 60 years, and today is the
worldwide market leader. Tampax tampons are sold in over 150 countries and are
used with confidence by millions of women.
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