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): May 2, 2006
G&K Services, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 0-4063 41-0449530
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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
(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 (see General Instruction A.2. below):
___ 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
The information in this item is furnished to, but not filed with, the Securities
and Exchange Commission solely under Item 2.02 of Form 8-K, "Results of
Operations and Financial Condition." 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.
On May 2, 2006, G&K Services, Inc. issued a press release announcing its
financial results for the fiscal quarter ended April 1, 2006. A copy of the
press release is furnished as Exhibit 99.1 to this report. The press release
cites the Company's 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 the Company, 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.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release dated May 2, 2006
(furnished, not filed)
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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: May 2, 2006 By: /s/ Jeffrey L. Wright
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Name: Jeffrey L. Wright
Title: Senior Vice President and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated May 2, 2006 (furnished, not filed)
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