UNITED STATES
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): November 1, 2005
G&K Services, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 0-4063 41-0449530
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
5995 Opus Parkway, Minnetonka, Minnesota 55343
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (952) 912-5500
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|_| Written communications pursuant to Rule 425 under Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13d-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
The information in this Item is furnished to, but not filed with, the Securities
and Exchange Commission (the "Commission") solely under Item 2.02 of Form 8-K,
"Results of Operations and Financial Condition."
On November 1, 2005, G&K Services, Inc. issued a press release announcing its
financial results for the fiscal quarter ended October 1, 2005. A copy of the
press release is furnished as Exhibit 99.1 to this report and is incorporated
herein by reference. The press release contains certain non-GAAP financial
measures, including the organic industrial rental growth rate and organic direct
sale growth rate. The organic growth rates are calculated using industrial
rental and direct sale revenues, respectively, adjusted for foreign currency
exchange rate differences and revenues from newly acquired locations. Management
believes that by eliminating the impact of the U.S.-Canadian exchange rate and
the effects of the Company's recent business acquisitions, the organic growth
rates better reflect the growth of our existing industrial rental and direct
sale business and are therefore useful in analyzing the financial condition of
the Company and the results of its operations.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release dated November 1, 2005.
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SIGNATURE
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.
G&K SERVICES, INC.
(Registrant)
Date: November 1, 2005 By: /s/ Jeffrey L. Wright
---------------------------------------------
Name: Jeffrey L. Wright
Title: Senior Vice President and Chief Financial
Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated November 1, 2005
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