UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 29, 2005
(Exact name of registrant as specified in its charter)
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| CANADA
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000-19914
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None |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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| 207 Queen’s Quay West, Suite 340, Toronto, Ontario
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M5J 1A7 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code (416) 203-3898
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
Item 2.02. Results of Operations and Financial Condition.
On April 20, 2006, Cott Corporation (the “Company”) issued a press release announcing its
financial results for the three month period ended April 1, 2006. This press release is furnished
herewith as Exhibit 99.1 to this Form 8-K and is incorporated by reference into this Item 2.02 as
if fully set forth herein.
Item 2.05. Costs Associated With Exit or Disposal Activities
On September 29, 2005, as previously reported on the Current Report on Form 8-K filed by the
Company on October 4, 2005 (the “Prior Form 8-K”), the Company announced a plan to realign the
management of its Canadian and United States businesses to a North American basis (the “Realignment
Plan”). In the Prior 8-K, the Company reported that it expected to record certain pre-tax charges
of $60 to 80 million over the 12 to 18 month period following the announcement of the Realignment
Plan, that the largest of the charges would be related to asset impairment and that there would
also be additional charges for severance, termination and other costs.
In its Annual Report on Form 10-K filed on March 6, 2006, the Company reported that it had
recorded $16.9 million in connection with the Realignment Plan and $20 million for a customer
relationship asset impairment.
During the three month period ended April 1, 2006, the Company recorded approximately $3
million in charges in connection with the Realignment Plan. Of the $3 million, the Company
incurred severance, asset impairments and contract terminations costs of approximately $2 million
related to the closing of its plant in Columbus, Ohio and $0.5 million in connection with the
closure of its juice plant located in Lachine, Quebec. The Company also incurred approximately
$0.5 million in consulting fees. The Company further expects that, in connection with the
Realignment Plan, it will record additional pre-tax charges of approximately $20 to 40 million.
The $20 to 40 million in charges are those remaining to be taken as part of the previously
announced $60 to 80 million total anticipated charges and are not in addition to the previously
announced $60 to 80 million in total anticipated charges.
Item 2.06. Material Impairments.
The information reported in Item 2.05 is hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated April 20, 2006.