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): August 15, 2006
G&K Services, Inc.
(Exact name of registrant as specified in its charter)
Minnesota
(State or other jurisdiction of incorporation)
0-4063
(Commission File Number)
41-0449530
(IRS Employer
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
(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 the 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 13e-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 solely under Item 2.02 of Form 8-K, "Results of
Operations and Financial Condition." The information in this Item 2.02 and
Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference into any filing under the Securities Act of 1933, as amended.
On August 15, 2006, G&K Services, Inc. issued a press release announcing its
financial results for the fiscal quarter ended July 1, 2006. A copy of the press
release is furnished as Exhibit 99.1 to this report. The press release cites the
Company's organic industrial rental growth rate, which is a non-GAAP financial
measure. The organic growth rate is calculated using industrial rental revenue,
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 certain acquisitions made by the
Company, the organic growth rate better reflects the growth of its existing
industrial rental business and therefore is 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 August 15, 2006
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: August 15, 2006 By: /s/ Jeffrey L. Wright
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Name: Jeffrey L. Wright
Title: Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated August 15, 2006