form8k.htm
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): June 26, 2008 (June 26,
2008)
Rite
Aid Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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1-5742
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23-1614034
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
Number)
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30
Hunter Lane, Camp Hill, Pennsylvania 17011
(Address
of principal executive offices, including zip code)
(717)
761-2633
(Registrant’s
telephone number, including area code)
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):
[
] 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.
On June 26, 2008, we announced our
financial position and results of operations as of and for the
thirteen week period ended May 31, 2008. The press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference. The announcement
includes a non-GAAP financial measure, "Adjusted EBITDA." Adjusted EBITDA
represents net income (loss) from operations excluding the impact of income
taxes, interest expense, depreciation and amortization, LIFO adjustments,
charges or credits for store closing and impairment, inventory write-downs
related to closed stores, stock-based compensation expense, debt modifications
and retirements, incremental costs related to the acquisition of Jean Coutu,
USA, sales of assets and investments, and non-recurring items. We reference this
non-GAAP financial measure frequently in our decision-making because it provides
supplemental information that facilitates internal comparisons to historical
operating performance of prior periods and external comparisons to competitors'
historical operating performance. In addition, incentive compensation is based
on Adjusted EBITDA and we base our forward-looking estimates on Adjusted EBITDA
to facilitate quantification of planned business activities and enhance
subsequent follow-up with comparisons of actual to planned Adjusted EBITDA. We
include this non-GAAP financial measure in our earnings announcement in order to
provide transparency to investors and enable investors to compare our operating
performance with the operating performance of our competitors.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
99.1 Press
Release, dated June 26, 2008.
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 hereto duly authorized.
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Date:
June 26, 2008
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By:
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/s/ Robert B.
Sari |
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Name:
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Robert B.
Sari
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Title:
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Executive
Vice President,
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General
Counsel and Secretary
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Exhibit
Index
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Exhibit
No.
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Description
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99.1
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Press
Release, dated June 26, 2008.
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