GIS » Topics » Item 7.01 Regulation FD Disclosure.

This excerpt taken from the GIS 8-K filed Sep 20, 2006.

Item 7.01    Regulation FD Disclosure.

 

On September 20, 2006, General Mills, Inc. (the “Company”) disclosed the reclassification of certain previously reported fiscal 2006 and 2005 financial information to conform with the fiscal 2007 presentation. Beginning with the first quarter of fiscal 2007, the Company is shifting selling responsibility for several customers from its Bakeries and Foodservice segment to U.S. Retail. In addition, the Company is making certain changes in the classifications of revenues and expenses. These changes include:

 

 

Classifying shipping costs associated with the distribution of finished products to the Company’s customers as costs of sales (previously recorded in selling, general and administrative expense); and

 

Classifying certain trade-related costs and customer allowances as costs of sales or selling, general and administrative expense (previously recorded as reductions of sales).

 

Financial information for the four quarters of fiscal 2006 and 2005, as reported and as reclassified, is available on the Company’s website at www.generalmills.com in the “Investors” section.

 

The Company plans to announce earnings results for the first quarter of fiscal 2007 before market open on September 21, 2006.

 

The information furnished in Item 7.01 of this Current Report on Form 8-K shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, and shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.













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 hereunto duly authorized.

 

Date: September 20, 2006

 

 

 

GENERAL MILLS, INC.

 

 

By: 


/s/ Siri S. Marshall

 

 

 

Name:    Siri S. Marshall

Title:      Senior Vice President,
               General Counsel & Secretary














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