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clean/2001/0001116502-01-000102.txt
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| 1 |
+
-----BEGIN PRIVACY-ENHANCED MESSAGE-----
|
| 2 |
+
Proc-Type: 2001,MIC-CLEAR
|
| 3 |
+
Originator-Name: webmaster@www.sec.gov
|
| 4 |
+
Originator-Key-Asymmetric:
|
| 5 |
+
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
|
| 6 |
+
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
|
| 7 |
+
MIC-Info: RSA-MD5,RSA,
|
| 8 |
+
TGimrE/Ur+7QM43lDFpDhea+nQ6vqQ1SvwfN9LYUGoMrAxyq0DWLsgWbk7c+zpGW
|
| 9 |
+
TUEAbrDwzV5mi47N1fQ7+Q==
|
| 10 |
+
|
| 11 |
+
<SEC-DOCUMENT>0001116502-01-000102.txt : 20010205
|
| 12 |
+
<SEC-HEADER>0001116502-01-000102.hdr.sgml : 20010205
|
| 13 |
+
ACCESSION NUMBER: 0001116502-01-000102
|
| 14 |
+
CONFORMED SUBMISSION TYPE: 10-K/A
|
| 15 |
+
PUBLIC DOCUMENT COUNT: 1
|
| 16 |
+
CONFORMED PERIOD OF REPORT: 20000831
|
| 17 |
+
FILED AS OF DATE: 20010131
|
| 18 |
+
|
| 19 |
+
FILER:
|
| 20 |
+
|
| 21 |
+
COMPANY DATA:
|
| 22 |
+
COMPANY CONFORMED NAME: GERALD STEVENS INC/
|
| 23 |
+
CENTRAL INDEX KEY: 0000037525
|
| 24 |
+
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
|
| 25 |
+
IRS NUMBER: 650971499
|
| 26 |
+
STATE OF INCORPORATION: FL
|
| 27 |
+
FISCAL YEAR END: 0831
|
| 28 |
+
|
| 29 |
+
FILING VALUES:
|
| 30 |
+
FORM TYPE: 10-K/A
|
| 31 |
+
SEC ACT:
|
| 32 |
+
SEC FILE NUMBER: 000-05531
|
| 33 |
+
FILM NUMBER: 1519628
|
| 34 |
+
|
| 35 |
+
BUSINESS ADDRESS:
|
| 36 |
+
STREET 1: PO BOX 350526
|
| 37 |
+
CITY: FT LAUDERDALE
|
| 38 |
+
STATE: FL
|
| 39 |
+
ZIP: 33335-0526
|
| 40 |
+
BUSINESS PHONE: 9547135000
|
| 41 |
+
|
| 42 |
+
MAIL ADDRESS:
|
| 43 |
+
STREET 1: 301 EAST LAS OLAS BLVD
|
| 44 |
+
STREET 2: SUITE 300
|
| 45 |
+
CITY: FT LAUDERDALE
|
| 46 |
+
STATE: FL
|
| 47 |
+
ZIP: 33301
|
| 48 |
+
|
| 49 |
+
FORMER COMPANY:
|
| 50 |
+
FORMER CONFORMED NAME: FLORAFAX INTERNATIONAL INC
|
| 51 |
+
DATE OF NAME CHANGE: 19920703
|
| 52 |
+
|
| 53 |
+
FORMER COMPANY:
|
| 54 |
+
FORMER CONFORMED NAME: SPOTTS FLORAFAX CORP
|
| 55 |
+
DATE OF NAME CHANGE: 19740924
|
| 56 |
+
|
| 57 |
+
FORMER COMPANY:
|
| 58 |
+
FORMER CONFORMED NAME: SPOTTS CORP
|
| 59 |
+
DATE OF NAME CHANGE: 19671205
|
| 60 |
+
</SEC-HEADER>
|
| 61 |
+
<DOCUMENT>
|
| 62 |
+
<TYPE>10-K/A
|
| 63 |
+
<SEQUENCE>1
|
| 64 |
+
<FILENAME>0001.txt
|
| 65 |
+
<DESCRIPTION>ANNUAL REPORT
|
| 66 |
+
<TEXT>
|
| 67 |
+
|
| 68 |
+
|
| 69 |
+
SECURITIES AND EXCHANGE COMMISSION
|
| 70 |
+
WASHINGTON, D.C. 20549
|
| 71 |
+
|
| 72 |
+
------------------
|
| 73 |
+
|
| 74 |
+
FORM 10-K/A
|
| 75 |
+
Amendment No. 3
|
| 76 |
+
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
|
| 77 |
+
|
| 78 |
+
THE SECURITIES EXCHANGE ACT OF 1934
|
| 79 |
+
|
| 80 |
+
For the fiscal year ended August 31, 2000 Commission file number 000-05531
|
| 81 |
+
|
| 82 |
+
GERALD STEVENS, INC.
|
| 83 |
+
|
| 84 |
+
Incorporated under the Laws of the I.R.S. Employer Identification No.
|
| 85 |
+
State of Florida 65-0971499
|
| 86 |
+
|
| 87 |
+
P.O. Box 350526, Ft. Lauderdale, Florida 33335-0526
|
| 88 |
+
954/627-1000
|
| 89 |
+
|
| 90 |
+
Securities registered pursuant to Section 12(b) of the Act:
|
| 91 |
+
None
|
| 92 |
+
|
| 93 |
+
Securities registered pursuant to Section 12(g) of the Act:
|
| 94 |
+
Common Stock, par value $.01 per share
|
| 95 |
+
(Title of class)
|
| 96 |
+
|
| 97 |
+
Indicate by check mark whether the registrant (1) has filed all reports
|
| 98 |
+
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
|
| 99 |
+
1934 during the preceding 12 months and (2) has been subject to such filing
|
| 100 |
+
requirements for the past 90 days. Yes X No
|
| 101 |
+
---
|
| 102 |
+
|
| 103 |
+
Indicate by check mark if disclosure of delinquent filers pursuant to Item
|
| 104 |
+
405 of Regulation S-K is not contained herein, and will not be contained, to the
|
| 105 |
+
best of registrant's knowledge, in the Proxy Statement incorporated by reference
|
| 106 |
+
in Part III of this Form 10-K or any amendment to this Form 10-K. X
|
| 107 |
+
---
|
| 108 |
+
|
| 109 |
+
The aggregate market value of Gerald Stevens, Inc. voting stock held by
|
| 110 |
+
nonaffiliates was approximately $7.9 million on January 26, 2001.
|
| 111 |
+
|
| 112 |
+
On January 17, 2001, 9,838,404 shares of Gerald Stevens, Inc. Common
|
| 113 |
+
Stock, par value $.01 per share, were outstanding.
|
| 114 |
+
|
| 115 |
+
DOCUMENTS INCORPORATED BY REFERENCE
|
| 116 |
+
|
| 117 |
+
None
|
| 118 |
+
|
| 119 |
+
<PAGE>
|
| 120 |
+
|
| 121 |
+
|
| 122 |
+
Explanatory Note
|
| 123 |
+
|
| 124 |
+
This Amendment is being filed to amend the information called for by
|
| 125 |
+
Item 13 of the Annual Report on Form 10-K of Gerald Stevens, Inc. for the year
|
| 126 |
+
ended August 31, 2000.
|
| 127 |
+
|
| 128 |
+
Item 13. Certain Relationships and Related Transactions
|
| 129 |
+
|
| 130 |
+
In connection with our acquisition of Royer's Flower Shops, we assumed
|
| 131 |
+
five leases between Royer's Flower Shops, as tenant, and Kenneth Royer and his
|
| 132 |
+
spouse, as landlord; and we assumed two leases between Royer's Flower Shops, as
|
| 133 |
+
tenant, and Gregory Royer and his spouse, as landlord. The leases are for retail
|
| 134 |
+
flower shops we own and operate in central Pennsylvania. The aggregate annual
|
| 135 |
+
rent payable by us for the leases is approximately $260,000 to Mr. and Mrs.
|
| 136 |
+
Kenneth Royer and approximately $151,000 to Mr. and Mrs. Gregory Royer. We
|
| 137 |
+
believe that each of the leases is on terms no less favorable than could be
|
| 138 |
+
obtained from third parties for comparable retail space in the same markets.
|
| 139 |
+
|
| 140 |
+
In September 2000, we sold four properties to a company controlled by
|
| 141 |
+
Mr. Berrard for aggregate consideration of $2.0 million. We simultaneously
|
| 142 |
+
leased back one of such properties for a ten-year term at $115,000 per year plus
|
| 143 |
+
annual adjustments based on the consumer price index. We believe the terms of
|
| 144 |
+
these transactions are no less favorable than we could have obtained from third
|
| 145 |
+
parties for comparable retail space in the same market. We also assigned to the
|
| 146 |
+
purchaser company contracts with a third party to purchase three of the
|
| 147 |
+
properties, and we agreed to continue to market the fourth property. We will
|
| 148 |
+
receive any gain, and pay for any loss, resulting from any sale of the
|
| 149 |
+
properties to a third party pursuant to any contract signed prior to December
|
| 150 |
+
31, 2000 (including the contracts assigned to the purchaser company).
|
| 151 |
+
|
| 152 |
+
In connection with Amendment No. 3 to Amended and Restated Credit
|
| 153 |
+
Agreement with our primary lender, we issued three-year warrants for 10% of our
|
| 154 |
+
common stock on a diluted basis at an exercise price of $.01 per share. If we
|
| 155 |
+
repay all borrowings under the credit agreement prior to June 30, 2001, 75% of
|
| 156 |
+
the warrants will terminate, and if we repay all borrowings prior to December
|
| 157 |
+
31, 2001, 50% of the warrants will terminate. Pursuant to a participation
|
| 158 |
+
agreement, Messrs. Berrard, Hall and Hawkins were required to participate in
|
| 159 |
+
$1.0 million of the $7.0 million working capital line provided by the Amendment
|
| 160 |
+
and received a proportionate share of the warrants.
|
| 161 |
+
|
| 162 |
+
|
| 163 |
+
1
|
| 164 |
+
|
| 165 |
+
|
| 166 |
+
<PAGE>
|
| 167 |
+
|
| 168 |
+
SIGNATURES
|
| 169 |
+
|
| 170 |
+
Pursuant to the requirements of Section 13 or 15(d) of the Securities
|
| 171 |
+
Exchange Act of 1934, the registrant has duly caused this Report to be signed on
|
| 172 |
+
its behalf by the undersigned, thereunto duly authorized.
|
| 173 |
+
|
| 174 |
+
GERALD STEVENS, INC.
|
| 175 |
+
|
| 176 |
+
By /s/ W. Moor
|
| 177 |
+
-----------------------
|
| 178 |
+
W. Moor
|
| 179 |
+
(Senior Vice President and
|
| 180 |
+
Chief Financial Officer)
|
| 181 |
+
Date: January 30, 2001
|
| 182 |
+
|
| 183 |
+
Pursuant to the requirements of the Securities Exchange Act of 1934, this
|
| 184 |
+
Amendment has been signed below by the following persons on behalf of the
|
| 185 |
+
registrant and in the capacities indicated on January 30, 2001.
|
| 186 |
+
|
| 187 |
+
|
| 188 |
+
Signature Title
|
| 189 |
+
--------- -----
|
| 190 |
+
/s/ J. Hall President, Chief Executive Officer
|
| 191 |
+
and Director
|
| 192 |
+
(Principal Executive Officer)
|
| 193 |
+
|
| 194 |
+
/s/ R. Johnson }
|
| 195 |
+
/s/ R. Owades }
|
| 196 |
+
/s/ K. Puttick } Directors
|
| 197 |
+
/s/ K. Royer }
|
| 198 |
+
/s/ A. Williams }
|
| 199 |
+
|
| 200 |
+
|
| 201 |
+
/s/ W. Moor Senior Vice President
|
| 202 |
+
- -------------------- (Principal Financial Officer)
|
| 203 |
+
(W. Moor)
|
| 204 |
+
|
| 205 |
+
/s/ E. Baker Vice President and Controller
|
| 206 |
+
- ------------------- (Principal Accounting Officer)
|
| 207 |
+
(E. Baker)
|
| 208 |
+
|
| 209 |
+
|
| 210 |
+
</TEXT>
|
| 211 |
+
</DOCUMENT>
|
| 212 |
+
</SEC-DOCUMENT>
|
| 213 |
+
-----END PRIVACY-ENHANCED MESSAGE-----
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