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+ -----BEGIN PRIVACY-ENHANCED MESSAGE-----
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+ Proc-Type: 2001,MIC-CLEAR
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+ Originator-Name: webmaster@www.sec.gov
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+ Originator-Key-Asymmetric:
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+ MIC-Info: RSA-MD5,RSA,
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+ TUEAbrDwzV5mi47N1fQ7+Q==
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+
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+ <SEC-DOCUMENT>0001116502-01-000102.txt : 20010205
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+ <SEC-HEADER>0001116502-01-000102.hdr.sgml : 20010205
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+ ACCESSION NUMBER: 0001116502-01-000102
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+ CONFORMED SUBMISSION TYPE: 10-K/A
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+ PUBLIC DOCUMENT COUNT: 1
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+ CONFORMED PERIOD OF REPORT: 20000831
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+ FILED AS OF DATE: 20010131
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+
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+ FILER:
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+
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+ COMPANY DATA:
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+ COMPANY CONFORMED NAME: GERALD STEVENS INC/
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+ CENTRAL INDEX KEY: 0000037525
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+ STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
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+ IRS NUMBER: 650971499
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+ STATE OF INCORPORATION: FL
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+ FISCAL YEAR END: 0831
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+
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+ FILING VALUES:
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+ FORM TYPE: 10-K/A
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+ SEC ACT:
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+ SEC FILE NUMBER: 000-05531
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+ FILM NUMBER: 1519628
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+
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+ BUSINESS ADDRESS:
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+ STREET 1: PO BOX 350526
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+ CITY: FT LAUDERDALE
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+ STATE: FL
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+ ZIP: 33335-0526
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+ BUSINESS PHONE: 9547135000
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+
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+ MAIL ADDRESS:
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+ STREET 1: 301 EAST LAS OLAS BLVD
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+ STREET 2: SUITE 300
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+ CITY: FT LAUDERDALE
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+ STATE: FL
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+ ZIP: 33301
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+
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+ FORMER COMPANY:
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+ FORMER CONFORMED NAME: FLORAFAX INTERNATIONAL INC
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+ DATE OF NAME CHANGE: 19920703
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+
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+ FORMER COMPANY:
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+ FORMER CONFORMED NAME: SPOTTS FLORAFAX CORP
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+ DATE OF NAME CHANGE: 19740924
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+
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+ FORMER COMPANY:
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+ FORMER CONFORMED NAME: SPOTTS CORP
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+ DATE OF NAME CHANGE: 19671205
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+ </SEC-HEADER>
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+ <DOCUMENT>
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+ <TYPE>10-K/A
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+ <SEQUENCE>1
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+ <FILENAME>0001.txt
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+ <DESCRIPTION>ANNUAL REPORT
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+ <TEXT>
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+
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+
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+ SECURITIES AND EXCHANGE COMMISSION
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+ WASHINGTON, D.C. 20549
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+
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+ ------------------
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+
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+ FORM 10-K/A
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+ Amendment No. 3
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+ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
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+
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+ THE SECURITIES EXCHANGE ACT OF 1934
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+
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+ For the fiscal year ended August 31, 2000 Commission file number 000-05531
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+
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+ GERALD STEVENS, INC.
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+
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+ Incorporated under the Laws of the I.R.S. Employer Identification No.
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+ State of Florida 65-0971499
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+
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+ P.O. Box 350526, Ft. Lauderdale, Florida 33335-0526
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+ 954/627-1000
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+
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+ Securities registered pursuant to Section 12(b) of the Act:
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+ None
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+
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+ Securities registered pursuant to Section 12(g) of the Act:
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+ Common Stock, par value $.01 per share
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+ (Title of class)
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+
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+ Indicate by check mark whether the registrant (1) has filed all reports
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+ required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
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+ 1934 during the preceding 12 months and (2) has been subject to such filing
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+ requirements for the past 90 days. Yes X No
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+ ---
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+
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+ Indicate by check mark if disclosure of delinquent filers pursuant to Item
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+ 405 of Regulation S-K is not contained herein, and will not be contained, to the
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+ best of registrant's knowledge, in the Proxy Statement incorporated by reference
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+ in Part III of this Form 10-K or any amendment to this Form 10-K. X
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+ ---
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+
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+ The aggregate market value of Gerald Stevens, Inc. voting stock held by
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+ nonaffiliates was approximately $7.9 million on January 26, 2001.
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+
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+ On January 17, 2001, 9,838,404 shares of Gerald Stevens, Inc. Common
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+ Stock, par value $.01 per share, were outstanding.
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+
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+ DOCUMENTS INCORPORATED BY REFERENCE
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+
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+ None
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+
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+ <PAGE>
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+
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+
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+ Explanatory Note
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+
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+ This Amendment is being filed to amend the information called for by
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+ Item 13 of the Annual Report on Form 10-K of Gerald Stevens, Inc. for the year
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+ ended August 31, 2000.
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+
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+ Item 13. Certain Relationships and Related Transactions
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+
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+ In connection with our acquisition of Royer's Flower Shops, we assumed
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+ five leases between Royer's Flower Shops, as tenant, and Kenneth Royer and his
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+ spouse, as landlord; and we assumed two leases between Royer's Flower Shops, as
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+ tenant, and Gregory Royer and his spouse, as landlord. The leases are for retail
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+ flower shops we own and operate in central Pennsylvania. The aggregate annual
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+ rent payable by us for the leases is approximately $260,000 to Mr. and Mrs.
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+ Kenneth Royer and approximately $151,000 to Mr. and Mrs. Gregory Royer. We
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+ believe that each of the leases is on terms no less favorable than could be
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+ obtained from third parties for comparable retail space in the same markets.
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+
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+ In September 2000, we sold four properties to a company controlled by
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+ Mr. Berrard for aggregate consideration of $2.0 million. We simultaneously
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+ leased back one of such properties for a ten-year term at $115,000 per year plus
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+ annual adjustments based on the consumer price index. We believe the terms of
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+ these transactions are no less favorable than we could have obtained from third
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+ parties for comparable retail space in the same market. We also assigned to the
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+ purchaser company contracts with a third party to purchase three of the
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+ properties, and we agreed to continue to market the fourth property. We will
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+ receive any gain, and pay for any loss, resulting from any sale of the
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+ properties to a third party pursuant to any contract signed prior to December
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+ 31, 2000 (including the contracts assigned to the purchaser company).
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+
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+ In connection with Amendment No. 3 to Amended and Restated Credit
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+ Agreement with our primary lender, we issued three-year warrants for 10% of our
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+ common stock on a diluted basis at an exercise price of $.01 per share. If we
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+ repay all borrowings under the credit agreement prior to June 30, 2001, 75% of
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+ the warrants will terminate, and if we repay all borrowings prior to December
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+ 31, 2001, 50% of the warrants will terminate. Pursuant to a participation
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+ agreement, Messrs. Berrard, Hall and Hawkins were required to participate in
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+ $1.0 million of the $7.0 million working capital line provided by the Amendment
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+ and received a proportionate share of the warrants.
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+
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+
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+ 1
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+
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+
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+ <PAGE>
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+
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+ SIGNATURES
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+
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+ Pursuant to the requirements of Section 13 or 15(d) of the Securities
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+ Exchange Act of 1934, the registrant has duly caused this Report to be signed on
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+ its behalf by the undersigned, thereunto duly authorized.
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+
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+ GERALD STEVENS, INC.
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+
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+ By /s/ W. Moor
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+ -----------------------
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+ W. Moor
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+ (Senior Vice President and
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+ Chief Financial Officer)
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+ Date: January 30, 2001
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+
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+ Pursuant to the requirements of the Securities Exchange Act of 1934, this
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+ Amendment has been signed below by the following persons on behalf of the
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+ registrant and in the capacities indicated on January 30, 2001.
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+
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+
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+ Signature Title
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+ --------- -----
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+ /s/ J. Hall President, Chief Executive Officer
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+ and Director
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+ (Principal Executive Officer)
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+
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+ /s/ R. Johnson }
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+ /s/ R. Owades }
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+ /s/ K. Puttick } Directors
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+ /s/ K. Royer }
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+ /s/ A. Williams }
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+
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+
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+ /s/ W. Moor Senior Vice President
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+ - -------------------- (Principal Financial Officer)
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+ (W. Moor)
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+
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+ /s/ E. Baker Vice President and Controller
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+ - ------------------- (Principal Accounting Officer)
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+ (E. Baker)
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+
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+
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+ </TEXT>
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+ </DOCUMENT>
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+ </SEC-DOCUMENT>
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+ -----END PRIVACY-ENHANCED MESSAGE-----