STLY » Topics » Results of Operations and Financial Condition

This excerpt taken from the STLY 8-K filed Oct 14, 2008.
Results of Operations and Financial Condition
 
On October 13, 2008, the Registrant issued a press release announcing third quarter 2008 operating results. The press release is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
 
The financial results in the attached press release are in accordance with generally accepted accounting principles (GAAP). We have also included certain non-GAAP financial measures, because we believe that they provide useful information to investors to compare operating results to those of other periods by excluding the charge to earnings for the restructuriing charge relating to our consolidation of manufacturing facilities and reduction in workforce and the charge to earnings for the termination of our defined benefit pension plan that is not indicative of our core operating results. These measures should be considered in addition to results prepared in accordance with GAAP and should not be considered a substitute for or superior to GAAP results.
 

This excerpt taken from the STLY 8-K filed Jul 14, 2008.
Results of Operations and Financial Condition
 
On July 14, 2008, the Registrant issued a press release announcing second quarter 2008 operating results. The press release is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
 
The financial results in the attached press release are in accordance with generally accepted accounting principles (GAAP). We have also included certain non-GAAP financial measures, because we believe that they provide useful information to investors to compare operating results to those of other periods by excluding the charge to earnings for the restructuring charge relating to the conversion of a manufacturing facility to a warehousing operation and the charge to earnings for the termination of our defined benefit pension plan that are not indicative of our core operating results. These measures should be considered in addition to results prepared in accordance with GAAP and should not be considered a substitute for or superior to GAAP results.
 

 
ITEM 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
(b)  On July 8, 2006, the Company announced that as part of its efforts to improve its cost structure it was eliminating the position of Vice President – Human Resources.  The employment of Dennis K. Taggart, who serves as Vice President – Human Resources, will terminate on July 31, 2008.
 
 

EXCERPTS ON THIS PAGE:

8-K
Oct 14, 2008
8-K
Jul 14, 2008

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