UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 14, 2007
G&K Services, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 0-4063 41-0449530
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
5995 Opus Parkway, Minnetonka, Minnesota 55343
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (952) 912-5500
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
___ Written communications pursuant to Rule 425 under Securities Act (17 CFR
230.425)
___ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
___ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
___ Pre-commencement communications pursuant to Rule 13d-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On August 14, 2007, G&K Services, Inc. issued a press release announcing its
financial results for the fiscal quarter and fiscal year ended June 30, 2007. A
copy of the press release is furnished as Exhibit 99.1 to this report. The press
release contains certain non-GAAP financial measures, including the organic
industrial rental growth rate and organic direct sale growth rate. The organic
growth rates are calculated using industrial rental and direct sale revenues,
respectively, adjusted for foreign currency exchange rate differences and
revenues from newly acquired locations. Management believes that by eliminating
the impact of the U.S.-Canadian exchange rate and the effects of the Company's
recent business acquisitions, the organic growth rates better reflect the growth
of our existing industrial rental and direct sale business and are therefore
useful in analyzing the financial condition of the Company and the results of
its operations.
The information in this Item 2.02 and Exhibit 99.1 shall not be deemed "filed"
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
nor shall it be deemed incorporated by reference into any filing under the
Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release dated August 14, 2007 (furnished)
-2-
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 thereunto duly authorized.
G&K SERVICES, INC.
(Registrant)
Date: August 14, 2007 By: /s/ Jeffrey L. Wright
-----------------------------
Name: Jeffrey L. Wright
Title: Senior Vice President and
Chief Financial Officer
-3-
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99.1 Press Release dated August 14, 2007
-4-