Bemis Company 8-K 2007
Washington, DC 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report April 26, 2007
(Date of earliest event reported)
BEMIS COMPANY, INC.
(Exact name of Registrant as specified in its charter)
Commission File Number 1-5277
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On April 26, 2007, Bemis Company, Inc. issued a press release containing its financial results for the first quarter ended March 31, 2007, a copy of which is furnished as Exhibit 99 to this report. Earnings guidance for the balance of 2007 for Bemis Company is included with this press release and will be available during the regular earnings release conference call scheduled for Thursday, April 26, 2007, at 10:00 a.m. (EDT). Individuals may listen to the call on the Internet at www.bemis.com under Investor Relations. Listeners are urged to check the website ahead of time to ensure their computers are configured for the audio stream. Instruction for obtaining the required, free, downloadable software are available in a pre-event system test on the site.
Use of Non-GAAP Financial Measures
The press release furnished as an exhibit to this report contains certain non-GAAP financial measures, including:
· Segment operating profit as adjusted
· Segment operating profit as adjusted as a percentage of net sales
· Diluted earnings per share as adjusted
Each of these measures excludes from the most directly comparable GAAP measures the impact of relevant restructuring and related charges or income. Management believes these adjusted measures are useful to investors because they assist an investors understanding of the impact of these items on the comparability of the Companys operations from year-to-year. Excluding the impact of these items also enables investors to compare our underlying operational results and trends before other charges and income items that are considered by management to be non-recurring and do not relate to the Companys core operations. Management uses these adjusted measures to monitor and evaluate operating performance and also for internal planning purposes. These measures are subject to certain limitations because they do not reflect all charges or income items that were actually recognized by the Company in accordance with GAAP. As a result, investors should consider these non-GAAP measures in addition to, and not as a substitute for, or superior to, financial performance measures presented in accordance with GAAP. In addition, these adjusted measures may not be calculated in the same manner as adjusted measures presented by other companies.
(c). The April 26, 2007, Bemis Company, Inc. press release for the first quarter ended March 31, 2007, is furnished as Exhibit 99 to this report.
Pursuant to the requirements of Section 13 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.