A leading workwear and related products supplier UniFirst Corporation announced that based on a periodic review of its quarterly and annual reports by the Securities and Exchange Commission (SEC), including the most recent correspondence received from the SEC dated June 30, 2005, the Company has determined that it will include additional segment disclosure information in its quarterly and annual filings.
To comply with these reporting requirements for its upcoming quarterly report on Form 10-Q, the Company is filing a notification with the SEC that this 10-Q will be deferred and filed on or prior to July 12, 2005.
In addition, the Company will subsequently amend its annual report on Form 10-K for the fiscal year ended August 28, 2004 to include this segment reporting for the periods covered thereby.
Commenting on this matter, Ronald Croatti, the Company's Chief Executive Officer, said "It should be noted that the segment reporting is additional disclosure, and does not in any way affect or change our previously reported consolidated revenues, net income, income per share or other results of operations.
The Company intends to review its internal operating and reporting structure going forward, and so its segment reporting may change in the future."
In addition, the Board of Directors today declared regular quarterly cash dividends of $0.0375 per share (3.75 cents) on the Company's Common Stock and $0.03 per share (3.0 cents) on the Company's Class B Common Stock.
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