01—Abstract
Summary
Summary of the 10-K/A filed May 6, 1999. Cited figures are marked; the original filing is the authoritative source.
This Item 14 section of Williams-Sonoma, Inc.'s annual report on Form 10-K covers exhibits, financial statement schedules, and Form 8-K reporting for the fiscal year ended January 31, 1999.
It states that the financial statements are incorporated by reference from Item 8, and that Schedule II (Valuation and Qualifying Accounts) is included with the Independent Auditors' Report on Financial Statement Schedule. It also states that no Form 8-K reports were filed during the last quarter of the fiscal year. The exhibit index shows the company's governing documents, employee benefit and stock option plans, real estate leases, and financing arrangements.
The financing arrangements include a $40,000,000a 7.2% Senior Notes note agreement dated August 1, 1995, an Amended and Restated Standing Loan Agreement and Credit Agreement with Bank of America, NT & SA dated June 1, 1997, and a Letter of Credit Agreement. Subsidiary guarantees and a 1998 amendment to the syndicated credit agreement are also listed. Several new 1998 agreements tied to a distribution facility in Olive Branch, Mississippi are listed, including a Memorandum of Understanding dated August 24, 1998, reimbursement agreements with Hewson Properties, and an Olive Branch distribution facility lease dated December 1, 1998.
The index states that the annual report to security holders (Exhibit 13), the financial data schedule (Exhibit 27), the subsidiaries list (Exhibit 21), and the earnings per share computation (Exhibit 11) were filed previously, with the Annual Report on Form 10-K for the fiscal year ended January 31, 1999, filed April 30, 1999. The only exhibit filed with this report is the Independent Auditors' Consent (Exhibit 23.1).
02—Key points
Key Highlights
- Financial statements are incorporated by reference from Item 8, and Schedule II (Valuation and Qualifying Accounts) is included with the auditors' report on the schedule.
- No Form 8-K reports were filed during the last quarter of the fiscal year ended January 31, 1999.
- The company's financing includes $40,000,000 of 7.2% Senior Notes dated August 1, 1995, with a related guaranty and intercreditor agreement.
- A Bank of America Amended and Restated Standing Loan Agreement and Credit Agreement, both dated June 1, 1997, are listed, along with a Letter of Credit Agreement and subsidiary guaranties.
- New 1998 agreements for the Olive Branch, Mississippi distribution facility include a Memorandum of Understanding dated August 24, 1998, Hewson Properties reimbursement agreements, and a lease dated December 1, 1998.
- The annual report to security holders (Exhibit 13), financial data schedule (Exhibit 27), and subsidiaries list (Exhibit 21) were filed previously with the Form 10-K filed April 30, 1999.
- Employee benefit plan amendments include Amendment Nine and Amendment Ten to the Employee Profit Sharing and Stock Incentive Plan, and a restated Executive Deferral Plan dated November 23, 1998.
03—Questions
Frequently Asked Questions
Where can investors find the company's financial statements for the fiscal year ended January 31, 1999?
The filing states that the financial statements are incorporated by reference from Item 8. The annual report to security holders is listed as Exhibit 13 and was previously filed with the Form 10-K filed April 30, 1999.
What debt financing arrangements are disclosed in the exhibit index?
The index lists a $40,000,000 7.2% Senior Notes note agreement dated August 1, 1995, with a related guaranty and intercreditor agreement. It also lists an Amended and Restated Standing Loan Agreement and a Credit Agreement with Bank of America, NT & SA, both dated June 1, 1997, a Letter of Credit Agreement dated June 1, 1997, and a First Amendment to the Syndicated Credit Agreement dated May 29, 1998.
Did the company file any Form 8-K reports in the last quarter of the fiscal year?
No. The filing states that no Form 8-K filings were made during the last quarter of the fiscal year ended January 31, 1999.
What new 1998 agreements relate to the Olive Branch, Mississippi distribution facility?
The index lists a Memorandum of Understanding dated August 24, 1998 with the State of Mississippi and other local parties, a Reimbursement Agreement dated August 17, 1998 with Hewson Properties and its amendments dated October 15 and November 15, 1998, and an Olive Branch distribution facility lease with Hewson/Desoto Phase I, L.L.C. dated December 1, 1998.
04—Continue