ang8ka.htm
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K/A
(Amendment
No. 1)
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 14,
2007
Angelica
Corporation
(Exact
name of registrant as specified in its charter)
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Missouri
(State
or other jurisdiction of
incorporation)
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1-5674
(Commission
File
Number)
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43-0905260
(I.R.S.
Employer
Identification
No.)
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424
South Woods Mill Road
Chesterfield,
Missouri 63017-3406
(Address
of principal executive office)(Zip Code)
(314)
854-3800
(Registrant's
telephone number, including area code)
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))
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Item
2.05
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Costs
Associated with Exit or Disposal
Activities.
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On
September 6, 2007, Angelica
Corporation (the “Registrant”) filed a Form 8-K announcing that the Board of
Directors of the Registrant made a determination to sell or close the
Registrant’s Edison, New Jersey service center and reorganize into fewer
markets. At the time of the filing, the Registrant was unable in good
faith to make a determination of an estimate or range of estimates required
by
paragraphs (b), (c) and (d) of Item 2.05 of Form 8-K with respect to the sale
or
closure of the facility.
Pursuant
to Item 2.05 of Form 8-K, the
Company is now filing an amended Form 8-K to disclose its determination of
such
estimates.
The
Registrant estimates that the total
amount expected to be incurred in connection with the sale or closure of the
facility will be in the range of approximately $1.0 million to $1.2
million. Of that amount, the Registrant estimates that equipment
derigging costs will be in the range of approximately $225,000 to $275,000;
employee severance, pension, vacation pay and other employee benefits costs
will
be in the range of approximately $540,000 to $600,000; contract termination
costs will be in the range of approximately $70,000 to $95,000; property taxes
and insurance costs will be in the range of approximately $40,000 to $65,000;
and other operating costs during the sale or closure process will be in the
range of $125,000 to $165,000. The Registrant estimates that it will
incur in the range of approximately $1.0 million to $1.2 million in future
cash
expenditures in connection with the sale or closure of the
facility. The above estimates are subject to a number of assumptions
(including assumptions regarding the number of employees accepting severance
packages and specific timing of the ultimate sale or closure of the facility)
and actual results may differ.
*********
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.
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ANGELICA
CORPORATION |
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Dated:
November 20, 2007
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/s/
Steven L. Frey
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Steven
L. Frey
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Vice
President, General Counsel and
Secretary
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