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): September 18, 2009
PepsiAmericas, Inc.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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1-15019
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13-6167838 |
(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
4000 RBC Plaza
60 South Sixth Street
Minneapolis, Minnesota 55402
(Address of Principal Executive Offices)
Registrants telephone number, including area code: (612) 661-4000
N/A
(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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
As previously disclosed, PepsiAmericas, Inc. (the Company) adopted the accounting provisions of
Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated
Financial Statement- an Amendment of ARB No. 51 (SFAS No. 160) on a prospective basis as of the
beginning of the Companys 2009 fiscal year. SFAS No. 160 amends ARB No. 51, establishing new
standards governing the accounting for and reporting of (1) noncontrolling interests in partially
owned consolidated subsidiaries and (2) the loss of control of subsidiaries. The Company also
adopted the presentation and disclosure requirements of SFAS No. 160 on a retrospective basis in
the first quarter of 2009. Although the adoption of SFAS No. 160 changes the basis of the
consolidated financial statement presentation, it did not have a material impact on the Companys
consolidated financial statements and footnotes, thereto.
Based upon the effective date of SFAS No. 160, the audited consolidated financial statements
included in the Companys Annual Report on Form 10-K for the fiscal year ended January 3, 2009 (the
2008 Form 10-K), as filed with the Securities and Exchange Commission (SEC) on March 4, 2009,
did not reflect the adoption of SFAS No. 160.
On April 29, 2009, the Company furnished a Current Report on Form 8-K that included the
reclassification of certain administrative costs that were previously recorded in our U.S.
geographic segment that we determined to be more appropriately associated with our Central and
Eastern Europe segment.
This Current Report on Form 8-K (the Current 8-K) is being filed to reflect the retrospective
presentation in accordance with SFAS No. 160 that was not yet effective for the financial
statements originally filed with the Companys 2008 Form 10-K. It also includes the
reclassification noted in the immediately preceding paragraph. In addition, the information
included under Related Party Transactions in Note 22 has been revised to provide more information
with respect to what types of transactions constitute a significant related party transaction,
specifically fountain syrup sales to PepsiCos national accounts and commissaries. The Current 8-K
updates the following sections of the Companys 2008 Form 10-K to give effect to the foregoing:
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Item 6 Selected Financial Data |
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Item 7 Managements Discussion and Analysis of Financial Condition and Results of Operations |
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Item 7A Quantitative and Qualitative Disclosures about Market Risk |
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Item 8 Financial Statements and Supplementary Data |
Exhibit 12 to the Current 8-K, which is incorporated by reference herein, sets forth a revised
Statement of Calculation of Ratio of Earnings to Fixed Charges to give effect to the foregoing.
All other information in the 2008 Form 10-K remains unchanged, in all material respects, and has
not been updated for events or developments that occurred subsequent to the filing of the 2008 Form
10-K with the SEC.
The information in the Current 8-K, including the information in Exhibits 12 and 99.1 hereto and
incorporated by reference herein, should be read together with the Companys reports on Form 10-Q
for the quarters ended April 4, 2009 and July 4, 2009 and the Companys reports on Form 8-K.