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): February 16, 2006
Paxar Corporation
(Exact name of registrant as specified in its charter)
New York 1-9493 13-5670050
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
105 Corporate Park Drive
White Plains, New York 10604
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (914) 697-6800
Not Applicable
(Former name or former address, if changed since last report)
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:
|_| Written communications pursuant to Rule 425 under the 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 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On February 16, 2006, Paxar Corporation (the "Company") announced its
financial results for the fourth quarter and fiscal year ended December 31,
2005. A copy of the press release is furnished as Exhibit 99.1 to this Current
Report on Form 8-K ("Form 8-K").
The attached press release includes a discussion of operating income,
operating margin, net income and diluted earnings per share excluding
restructuring and related costs, which are non-GAAP measures, and a
reconciliation of each to a GAAP measure. It also includes earnings per share
guidance for 2006 excluding restructuring and other non-recurring costs, which
is a non-GAAP measure. However, at this time the Company is unable to quantify
the magnitude of such restructuring and other non-recurring costs in 2006 and,
accordingly, is unable to reconcile such forward-looking information to GAAP
measures without unreasonable effort. The Company uses the foregoing non-GAAP
measures to evaluate and manage its operations internally. It also provides this
information to assist investors in performing additional financial analysis that
is consistent with financial models developed by research analysts who follow
the Company.
In accordance with General Instruction B.2 of Form 8-K, the information in
this Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise subject to the liability of that section, and
shall not be incorporated by reference into any registration statement or other
document filed under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Press Release issued by Paxar Corporation on February 16,
2006.
SIGNATURES
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.
PAXAR CORPORATION
(Registrant)
Date: February 17, 2006 By:/s/ Anthony Colatrella
---------------------------------------
Anthony Colatrella
Vice President and
Chief Financial Officer
Exhibit Index
Exhibit No. Description
----------- -----------
99.1 Press Release issued by Paxar Corporation on February 16,
2006.