Dole Food Company
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SECURITIES AND EXCHANGE COMMISSION FORM 10-K Annual report pursuant to section 13 and 15(d) Filing Date: 1996-03-13 | Period of Report: 1995-12-30 SEC Accession No. 0000912057-96-004436 (HTML Version on secdatabase.com) FILER DOLE FOOD COMPANY INC Mailing Address Business Address 31355 OAK CREST DR 31355 OAK CREST DRIVE CIK:18169| IRS No.: 990035300 | State of Incorp.:HI | Fiscal Year End: 1231 WESTLAKE VILLAGE CA WESTLAKE VILLAGE CA Type: 10-K | Act: 34 | File No.: 001-04455 | Film No.: 96534274 91361 91361 SIC: 0100 Agricultural production-crops 8188796600 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 10-K (MARK ONE) /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] FOR THE FISCAL YEAR ENDED DECEMBER 30, 1995 OR / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-4455 ------------------------ DOLE FOOD COMPANY, INC. (Exact name of Registrant as specified in its charter) <TABLE> <S> <C> HAWAII 99-0035300 (State or other jurisdiction (I.R.S. employer of identification incorporation or number) organization) </TABLE> 31365 OAK CREST DRIVE WESTLAKE VILLAGE, CALIFORNIA 91361 (Address of principal executive offices) Registrant's telephone number, including area code: (818) 879-6600 Securities registered pursuant to Section 12(b) of the Act: <TABLE> <S> <C> NAME OF EACH EXCHANGE TITLE OF EACH CLASS ON WHICH REGISTERED --------------------------------------------- --------------------------------------------- Common Stock, No Par Value New York Stock Exchange Pacific Stock Exchange </TABLE> Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes _X_ No ___ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive Proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendments to this Form 10-K. / / The aggregate market value of the voting stock held by non-affiliates of the registrant as of March 9, 1996 was approximately $2,458,121,000. The number of shares of Common Stock outstanding as of March 9, 1996 was 59,954,172. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's 1995 Annual Report to Stockholders for the year ended December 30, 1995 are incorporated by reference into Parts I, II and IV. Portions of the registrant's definitive Proxy Statement for its 1996 Annual Meeting of Stockholders are incorporated by reference into Part III. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document DOLE FOOD COMPANY, INC. FORM 10-K FISCAL YEAR ENDED DECEMBER 30, 1995 TABLE OF CONTENTS <TABLE> <CAPTION> ITEM NUMBER IN FORM 10-K PAGE ---------------------------------------------------------------------------------------------------------------------- ------------ <C> <S> <C> <C> <C> PART I 1. Business................................................................................................... 1 2. Properties................................................................................................. 6 3. Legal Proceedings.......................................................................................... 8 4. Submission of Matters to a Vote of Security Holders; Executive Officers of the Registrant.................. 9 PART II 5. Market for the Registrant's Common Equity and Related Stockholder Matters.................................. 10 6. Selected Financial Data.................................................................................... 10 7. Management's Discussion and Analysis of Financial Condition and Results of Operations...................... 10 8. Financial Statements and Supplementary Data................................................................ 10 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure....................... 10 PART III 10. Directors and Executive Officers of the Registrant......................................................... 10 11. Executive Compensation..................................................................................... 10 12. Security Ownership of Certain Beneficial Owners and Management............................................. 11 13. Certain Relationships and Related Transactions............................................................. 11 PART IV 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K............................................ 11 (a) 1. Index to Financial Statements........................................................ 11 2. Index to Financial Statement Schedules............................................... 11 3. Exhibits............................................................................. 11 (b) Reports on Form 8-K.................................................................................... 12 Signatures ........................................................................................................... 13 Financial Statements and Financial Statement Schedules ............................................................... F-1 -- F-2 </TABLE> iii PART I ITEM 1. BUSINESS Dole Food Company, Inc. was founded in Hawaii in 1851 and was incorporated under the laws of Hawaii in 1894. Unless the context otherwise requires, Dole Food Company, Inc. and its consolidated subsidiaries are referred to herein as the "Company" and "Dole". The Company's principal executive offices are located at 31365 Oak Crest Drive, Westlake Village, California 91361, telephone (818) 879-6600. At December 30, 1995, the Company had approximately 43,000 full-time employees worldwide. The Company is engaged in food production and distribution, and, until December 28, 1995 was engaged in real estate development and resorts. Dole is one of the largest companies engaged in the worldwide sourcing, growing, processing, distributing and marketing of high quality, branded food products. The Company sources, grows, processes or markets fruits, vegetables, nuts and beverages in the following locations: North America, Latin America, Asia and Europe. On December 28, 1995, the Company completed the distribution to its shareholders of the Common Stock of Castle & Cooke, Inc., a Hawaii corporation to which all of the Company's real estate and resorts businesses were transferred. These real estate operations are primarily conducted under the "Castle & Cooke" name and hold, develop, operate and sell residential, commercial, industrial, retail and resorts properties in Hawaii, California, Arizona, North Carolina, Georgia and Mississippi. The Company's food operations are described below. For detailed financial information with respect to the Company's business and its operations, see the Company's Consolidated Financial Statements and the related Notes to Consolidated Financial Statements, which are included in its 1995 Annual Report for the fiscal year ended December 30, 1995 (the "Dole Annual Report") and incorporated by reference in Part II of this report. FOOD GENERAL Dole is engaged in the worldwide sourcing, growing, processing, distributing and marketing of high quality, branded food products. Dole provides retail and institutional customers and other food product companies with high quality products bearing the DOLE-Registered Trademark- trademark which are produced and improved through research, agricultural assistance and advanced harvesting, Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document processing, packing, cooling, shipping and marketing techniques. Dole is one of the world's largest producers of bananas and pineapples. Dole is also a major marketer of citrus and table grapes worldwide and an industry leader in iceberg lettuce, celery, cauliflower and broccoli and in value-added, pre-cut salads and vegetables. Dole is a leading processor of California raisins, almonds and dates. On May 19, 1995, the Company completed the sale of its worldwide (except for Japan) juice business (except for the canned pineapple and pineapple blend fruit juice business) to Tropicana Products, Inc. Dole's products are produced both directly on Company-owned or leased land and through associated producer and independent grower arrangements pursuant to which Dole provides varying degrees of farming, harvesting, packing, storing, shipping, stevedoring and marketing services, as well as financing through advances to growers of certain products. Fresh fruit and vegetable products, dried fruit and