UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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) October 31, 2006
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G&K Services, Inc.
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(Exact Name of Registrant as Specified in Charter)
Minnesota 0-4063 41-0449530
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(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
5995 Opus Parkway, Minnetonka, MN 55343
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (952) 912-5500
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n/a
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(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 (see General Instruction A.2. below):
|_| Written communication 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 October 31, 2006, G&K Services, Inc. issued a press release regarding its
financial results for the first quarter of 2007 and certain other information. A
copy of the press release is furnished as Exhibit 99.1 hereto.
G&K Services, Inc. hosted a conference call on Tuesday, October 31, 2006 at
10:00 pm CDT. A live webcast of the teleconference was available via the
Internet on G&K Services' website located at http://www.gkservices.com and will
be archived at that site for one month.
The press release cites G&K Services' organic industrial rental growth rate,
which is a non-GAAP financial measure. The organic growth rate is calculated
using industrial rental revenue, 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
certain acquisitions made by G&K Services, the organic growth rate better
reflects the growth of its existing industrial rental business and therefore is
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 (furnished)
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.
Date: October 31, 2006 By /s/ Jeffrey L. Wright
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Jeffrey L. Wright
Its Senior Vice President and Chief Financial
Officer