UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
| July 16, 2002 Date of Report (Date of earliest event reported) |
HAGGAR CORP.
(Exact name of registrant as specified in the charter)
| NEVADA (State or other jurisdiction of incorporation or organization) | 0-20850 (Commission file number) | 75-2187001 (I.R.S. Employer Identification Number) |
6113 Lemmon Avenue
Dallas, Texas 75209
(Address of principal executive offices including zip code)
(214) 352-8481
(Registrant's telephone number, including area code)
Item 5. Other Events.
On July 16, 2002, the Registrant issued the press release filed herewith as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
99—Press Release dated July 16, 2002.
Item 9. Regulation FD Disclosure.
The table following this narrative sets forth information concerning the quarterly and annual consolidated operating results of Haggar Corp. (the "Company") for the fiscal year ended September 30, 2001, together with projected quarterly and annual consolidated operating results for the fiscal year commencing October 1, 2001, and ending September 30, 2002. The projections for fiscal 2002 are based on the Company's historical operating performance, current trends and the Company's internal operating budget for 2002.
The projections set forth in the table constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Although the Company believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will in fact occur and cautions that actual results may differ materially from those in the forward-looking statements. A number of factors could affect the future results of the Company or the apparel industry generally and could cause the Company's expected results to differ materially from those expressed in this filing. These factors include, among other things:
The quarterly and annual consolidated operating results for the fiscal year ended September 30, 2001, do not necessarily indicate the results that may be expected for any future quarter or for any fiscal year.
The Company cautions that the quarterly and annual projections for fiscal 2002 set forth below are given as of the date hereof based on currently available information. The Company is not undertaking
any obligations to update these projections as conditions change or other information becomes available.
Investors also should consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.
HAGGAR CORP.
QUARTERLY & ANNUAL PROJECTIONS FOR
FISCAL 2002 COMPARED
TO FISCAL 2001
($ in Millions except EPS data)
| | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Annual Total | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | (2) 2002 Actual | 2001 Actual | (3) 2002 Actual | (1) 2001 Actual | 2002 Projected Range | 2001 Actual | 2002 Projected Range | 2001 Actual | (2), (3) 2002 Projected Range | (1) 2001 Actual | ||||||||||
| NET SALES | $99.3 | $99.9 | $138.1 | $115.8 | $109-$111 | $108.2 | $115-$122 | $120.7 | $461.4-$470.4 | $444.6 | ||||||||||
INCOME (LOSS) Before cumulative effect of accounting change | $0.1 | $(0.1) | $3.9 | $(12.3) | $0.2-$0.4 | $1.0 | $1.9-$2.3 | $2.7 | $6.1-$6.7 | $(8.7) | ||||||||||
EPS CALCULATION —Basic Income (loss) before cumulative effect of accounting change | $0.01 | $(0.02) | $0.62 | $(1.89) | $0.03-$0.06 | $0.16 | $0.30-$0.36 | $0.42 | $0.95-$1.04 | $(1.34) | ||||||||||
EPS CALCULATION —Diluted Income (loss) before cumulative effect of accounting change | $0.01 | $(0.02) | $0.62 | $(1.89) | $0.03-$0.06 | $0.15 | $0.30-$0.36 | $0.42 | $0.95-$1.04 | $(1.34) | ||||||||||
Cumulative effect of accounting change | $(15.6) | — | — | — | — | — | — | — | $(15.6) | — | ||||||||||
EPS CALCULATION —Basic and diluted for cumulative effect of accounting change | $(2.44) | — | — | — | — | — | — | — | $(2.44) | — | ||||||||||
Net Loss with cumulative effect of accounting change | $(15.5) | — | — | — | — | — | — | — | $(9.5)-$(8.9) | — | ||||||||||
EPS CALCULATION with cumulative effect of accounting change | $(2.43) | — | — | — | — | — | — | — | $(1.47)-$(1.38) | — | ||||||||||
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.
| Dated: July 16, 2002 | |||
HAGGAR CORP. (Registrant) | |||
By: | /s/ DAVID M. TEHLE David M. Tehle (Executive Vice President, Chief Financial Officer) | ||
