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): February 8, 2007
SUPERVALU INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5418 41-0617000
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(State or other jurisdiction (Commission (IRS 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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] 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 2.05 Costs Associated with Exit or Disposal Activities.
On February 8, 2007, the Board of Directors of SUPERVALU INC. (the
"Company") approved a plan to exit and consolidate the Company's warehouse
facilities in Easton, Pennsylvania, Harrisburg, Pennsylvania, and Perryman,
Maryland into the Company's warehouse facility in Denver, Pennsylvania, which is
also known as its Lancaster facility. The plan was publicly announced by the
Company in its news release dated February 14, 2007, a copy of which is attached
as Exhibit 99.1 to this report.
The Company's preliminary estimate of the after-tax charge to be incurred
in connection with the consolidation of the warehouses is approximately $30 to
$35 million, which includes approximately $23 to $26 million for lease exit
costs. In addition, the charge includes severance and other employee related
costs. The Company expects to recognize after-tax charge of approximately $5
million in fiscal 2007, approximately $21 to $24 million in fiscal 2008, and
approximately $4 to $6 million thereafter. The charge is primarily cash.
The Company expects the plan will take approximately three years to
complete. During this time, customers will be serviced from existing facilities
while the Lancaster facility is modified, which will include system
standardization and technology installation and testing.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
News Release of SUPERVALU INC., dated February 14, 2007, is attached
hereto as Exhibit 99.1.
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 hereunto duly authorized.
SUPERVALU INC.
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(Registrant)
Date: February 14, 2007
By: /s/ Burt M. Fealing
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Burt M. Fealing
Corporate Secretary
(Authorized Officer of Registrant)
EXHIBIT INDEX
Exhibit Description of Exhibit
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99.1 News Release of SUPERVALU INC., dated February 14, 2007