01—Abstract
Summary
Summary of the 10-K/A filed April 26, 1996. Cited figures are marked; the original filing is the authoritative source.
This Form 10-K/A for the fiscal year ended December 30, 1995 from The Kroger Co. is an amendment whose content consists of employee benefit plan financial statements filed as exhibits rather than the company's full annual report.
The filing reports 124,634,336 common shares outstanding as of March 15, 1996, 125,000 outstanding 9% Senior Subordinated Notes due 1999 (face $1,000a each) listed on the New York Stock Exchange, and an aggregate market value of Common Stock held by non-affiliates of $4,432,772,651 as of February 12, 1996. The proxy statement is incorporated by reference into Parts II and III. The attached exhibits cover the Dillon Companies, Inc. Employees' Stock Ownership and Savings Plan and The Kroger Co. Savings Plan, both audited by Coopers & Lybrand.
The Dillon plan's net assets available for plan benefits rose to $315,479,058b at December 31, 1995 from $219,308,990 at December 31, 1994, with The Kroger Co. common stock representing $207,482,373 of plan assets at year-end 1995 versus $127,741,853 a year earlier. The Kroger Co. Savings Plan's net assets were $743.87 million at December 31, 1995, compared with $499.37 million at December 31, 1994, with the Employer Stock Fund at $547.8 million at the 1995 year-end.
For investors, the filing's main substance is the disclosure of employee plan holdings and the company's share count and debt listing rather than operating results, which are not contained in this amendment. The plan disclosures show substantial growth in the value of Kroger stock held by employee plans during 1995.
02—Key points
Key Highlights
- Common stock: 124,634,336 shares outstanding as of March 15, 1996; aggregate non-affiliate market value of $4,432,772,651 as of February 12, 1996.
- Debt: 125,000 9% Senior Subordinated Notes due 1999, face $1,000 each, listed on the New York Stock Exchange.
- Dillon Companies ESOP and Savings Plan net assets rose to $315,479,058 at December 31, 1995, from $219,308,990 a year earlier.
- Kroger common stock held by the Dillon plan was valued at $207,482,373 at year-end 1995, up from $127,741,853.
- Dillon plan's 1995 net appreciation in Kroger common stock was $71,942,470, versus $20,271,879 in 1994.
- The Kroger Co. Savings Plan net assets were $743,870 thousand at December 31, 1995, up from $499,372 thousand at December 31, 1994.
- Auditor for both plan exhibits was Coopers & Lybrand, with reports dated April 12, 1996 (Dillon) and March 29, 1996 (Kroger Savings Plan).
03—Questions
Frequently Asked Questions
What does this 10-K/A amendment contain?
The filing consists mainly of exhibits (99.2 and 99.3) with financial statements for two employee benefit plans, the Dillon Companies, Inc. Employees' Stock Ownership and Savings Plan and The Kroger Co. Savings Plan, along with the cover page information on shares, notes and market value.
How many Kroger shares and notes were outstanding?
The filing reports 124,634,336 common shares outstanding as of March 15, 1996, and 125,000 9% Senior Subordinated Notes due 1999 with a face value of $1,000 each.
How much Kroger stock did the employee plans hold?
The Dillon plan held Kroger common stock valued at $207,482,373 at December 31, 1995, and the Kroger Co. Savings Plan's Employer Stock Fund was valued at $547,832 thousand at year-end 1995.
Does the filing include the company's full annual financial results?
No. The filing states that the annual report and related financial information are incorporated through the proxy statement and other exhibits, and the content here is limited to the employee plan financial statements and cover information.
04—Continue