Central European Distribution
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SECURITIES AND EXCHANGE COMMISSION FORM 8-K Current report filing Filing Date: 2006-09-28 | Period of Report: 2006-09-28 SEC Accession No. 0001193125-06-199182 (HTML Version on secdatabase.com) FILER CENTRAL EUROPEAN DISTRIBUTION CORP Mailing Address Business Address TWO BALA PLAZA TWO BALA PLAZA CIK:1046880| IRS No.: 541865271 | State of Incorp.:DE | Fiscal Year End: 1231 SUITE 300 SUITE 300 Type: 8-K | Act: 34 | File No.: 000-24341 | Film No.: 061114797 BALA CYNWYD PA 19004 BALA CYNWYD PA 19004 SIC: 5180 Beer, wine & distilled alcoholic beverages 6106607817 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 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) September 28, 2006 CENTRAL EUROPEAN DISTRIBUTION CORPORATION (Exact Name of Registrant as Specified in Charter) DELAWARE 0-24341 54-18652710 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) Two Bala Plaza, Suite 300 Bala Cynwyd, Pennsylvania 19004 (Address of Principal Executive Offices) (Zip Code) (610) 660-7817 (Registrants telephone number, including area code) 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: ¨ 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)) Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Item 1.01. Entry into a Material Definitive Agreement. On September 28, 2006, the board of directors of Central European Distribution Corporation (the Company) approved an increase in the annual fee for serving as a member of the board of directors from $6,000 per year to $10,000 per year, effective October 1, 2006. The complete compensation package for members of the board of directors is now as follows: Each director is entitled to receive an annual fee of $10,000 for serving as a member of board of directors. The chairmen of the audit committee and the compensation committee are each entitled to receive an additional annual fee of $4,000. The chairman of the nominating committee is not entitled to receive any additional fee. In addition to the director fee, the chairman of the board of directors is entitled to receive an annual fee of $12,000. Pursuant to the Companys 1997 Stock Incentive Plan (the Option Plan), a director on the date of his or her initial election to the board of directors is granted an option to purchase 11,812 shares of common stock. Thereafter, the director is granted an option to purchase 5,062 shares of common stock annually. In addition, the chairmen of the audit committee and the compensation committee each receives an annual grant of an option to purchase 10,125 shares of common stock under the Option Plan, while the chairman of the nominating committee does not receive any additional option grant. In addition, the members of the compensation committee each receive an annual grant of an option to purchase 1,687 shares of common stock under the Option Plan, and the members of the audit committee each receive an annual grant of an option to purchase 4,500 shares of common stock under the Option Plan. The members of the nominating committee do not receive any additional option grants. In addition to the options granted to directors, the chairman of the board of directors receives an additional annual grant of an option to purchase 15,187 shares of common stock under the Option Plan. The Company reimburses directors for out-of-pocket travel expenditures relating to their service on the board of directors. Item 7.01. Regulation FD Disclosure. On September 28 and 29, 2006, Central European Distribution Corporation will make presentations to its shareholders in Chicago, Illinois, on October 2, 2006, Central European Distribution Corporation will make a presentation to its shareholders in Boston, Massachusetts, and on October 3 and 4, 2006, Central European Distribution Corporation will make presentations to its shareholders in New York, New York. A copy of the presentation materials is furnished as Exhibit 99.1 hereto and incorporated by reference herein. This information shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 PowerPoint slides. Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Central European Distribution Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTRAL EUROPEAN DISTRIBUTION CORPORATION By: /s/ James Archbold James Archbold Vice President, Secretary and Director of Investor Relations Date: September 28, 2006 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document EXHIBIT INDEX Exhibit No. Description 99.1 PowerPoint slides. Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Family of Fine Beverages Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Forward looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of CEDC to be materially different from any future results, performance or achievements, expressed or implied, by forward- looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. CEDC undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by the securities laws. Investors are referred to the full discussion of risks and uncertainties included in CEDCsForm 10-K for the fiscal year ended December 31, 2005, and in other periodic reports filed by CEDC with the Securities and Exchange Commission. 1 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Who is CEDC? Originally founded in 1990 NASDAQ listed since 1998 with current market capitalisation of approximately US$ 900 million The leading producer of vodka in Poland and one of the largest producers of vodka worldwide. The leading distributor and importer of alcoholic beverages in Poland. Operates largest nationwide next-day alcoholic beverage delivery service with 15 distribution centers and 76 satellite branches located throughout Poland 2 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Who is CEDC? (contd.) Distributes over 700 brands of alcoholic beverages consisting of a wide range of alcoholic beverages. Over 2,900 employees in Poland Net Sales CAGR of 43% over the last five years EPS CAGR of 81% over the last five years Operating cash flow per share of $1.11 for the 6 months ending June 30, 2006 2006 forecasted sales of US$934 million to US$959 million and forecasted EPS of US$1.27 to US$1.40 3 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Market Position of CEDC Leading producer of vodka in East/Central Europe Leading importer of alcoholic beverages in Poland and Hungary, - No. 1 Mainstream Vodka in Poland Absolwent - No. 1 importer of wine - No. 1 Premium Vodka in Poland and Hungary Bols - No. 1 importer of beer - No. 2 Flavoured Vodka in Poland Zubrowka - A leading importer of spirits - No. 1 Vodka in Hungary Royal - Fastest growing Vodka in Poland Soplica - No. 1 Rum in Poland - Senorita Leading distributor of alcoholic beverages in Poland - No. 1 distributor of domestic spirits - No. 1 distributor of wine 4 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Leading Vodka Producer in Poland Vodka producers market share Market shares for key brands by value by value Value Rank Brand Segment Producer Share Other, 17% 1 Absolwent Mainstream 14.5% 2 Starogardzka Econony Sobieski 9.1% 32% Brown Forman, 3% 3 Bols Premium 6.0% Diageo, 3% 4 Gorzka Zoladkowa Mainstream Polmos Lublin 5.7% Pernod, 3% 5 Sobieski Premium Sobieski 5.3% Vin & Spirit, 7% 6 Soplica Mainstream 4.6% 7 Luksusowa Mainstream Vin & Spirit 4.0% Polmos Lublin, 8% 8 Krakowska Econony Sobieski 3.5% 9 Zubrowka Mainstream 3.4% Sobieski, 28% 10 Smirnoff Mainstream Diageo 2.8% Excluding the economy sector, CEDC has over 46% of the vodka market by volume Source: AC Nielsen; Rinki Alkoholowe Source: AC Nielsen 5 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Leading Importer Of Beers, Wines and Spirits CEDC Exclusive Import Portfolio Spirits Beers/Water Wines Metaxa(1) Amsterdam E&J Gallo wines (1) Rémy Martin cognac Bitburger Sutter Home (1) Passoa Liqueur Budweiser Rosemount St.