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| SWK > SEC Filings for SWK > Form 8-K on 9-Jan-2008 | All Recent SEC Filings |
9-Jan-2008
Other Events, Financial Statements and Exhibits
As a routine administrative matter, the Company is updating the presentation of certain information previously disclosed in its Annual Report on Form 10-K for the fiscal year ended December 30, 2006 (the ''2006 Form 10-K'') to reflect the realignment of business segments that occurred during the first quarter of 2007. This updated information provides flexibility in the event the Company elects to pursue various financing alternatives in the future. The Company is filing this Current Report on Form 8-K solely to report the 2006 10-K disclosures pertaining to the realignment of business segments. Accordingly, there are no changes to consolidated earnings, cash flows or financial position.
The following Items in the 2006 Form 10-K have been recasted: Part I, Item 1(c)
- Narrative Description of Business; Item 1A - Risk Factors; Item 2 -
Properties; Item 7 - Management's Discussion and Analysis of Financial Condition
and Results of Operations; and Notes to Consolidated Financial Statements A.,
D., F., G., O., P., and T. due to the realignment by the Company to report three
new business segments effective with the first quarter 2007 reporting. This Form
8-K also includes disclosure clarifications in Item 7 - Management's Discussion
and Analysis of Financial Condition and Results of Operations: (i) material
limitation associated with the use of free cash flow as a measure; (ii)
reconciliation of non-GAAP debt to equity ratio to GAAP debt to equity ratio;
(iii) addition of the estimated interest payments to be made on long-term debt
and payments to be made associated with derivative agreements to the contractual
obligation table.
This Current Report on Form 8-K only reports changes to the information previously disclosed in the 2006 Form 10-K as set forth in Exhibit 99.1 hereto and no attempt has been made to modify or update any other disclosures presented in the 2006 Form 10-K aside from the recasted segment information. In addition, the particular Items of the 2006 Form 10-K affected by the recasted segment data have been included in their entirety, as so recasted, in Exhibit 99.1. This Current Report on Form 8-K does not modify or update disclosures that could be affected by subsequent events following February 26, 2007, the date upon which the 2006 Form 10-K was filed.
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(a) Not applicable
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(b) Not applicable
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(c) Exhibits
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23 Consents of Experts and Counsel
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99.1 Annual Report on Form 10-K for 2006 (Updated to present
recasted business segment information)
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