SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 25, 2002
SUPERVALU INC.
(Exact name of registrant as specified in its charter)
Delaware 1-5418 41-0617000
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11840 Valley View Road
Eden Prairie, Minnesota 55344
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (952) 828-4000
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(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
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On June 25, 2002, the Registrant announced a charge to earnings resulting from
intentional inventory misstatements by a former employee that resulted in an
understatement of cost of goods sold. The charge is estimated to be in the range
of $19 to $21 million after tax. The situation spanned at least four years and
is confined to the Registrant's pharmacy division covering 120 pharmacy
departments. Sales have been properly reported for all periods. The Registrant
is currently conducting a thorough review of the situation with the help of its
auditors, the Board's audit committee, and an independent accounting firm.
The Registrant is in the process of determining whether the total charge to
adjust earnings will be taken in the first quarter of fiscal 2003 or result in a
restatement of prior years' consolidated financial statements. The charge, when
measured against the substantial cash flow, inventory and earnings of the
Registrant for the last four years, does not materially affect the financial
condition or results of the Registrant as a whole.
Item 7. Financial Statements and Exhibits
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None
SIGNATURES
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: June 26, 2002
SUPERVALU INC.
By: /s/ Pamela K. Knous
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Pamela K. Knous
Executive Vice President,
Chief Financial Officer
(Authorized Officer of Registrant)
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