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: October 27, 2003
(Date of the earliest event reported)
Home Products International, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State of Incorporation)
0-17237 36-4147027
(Commission File Number) (I.R.S. Employer
Identification No.)
4501 West 47th Street
Chicago, IL 60632
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (773) 890-1010
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
c) Exhibits
99.1 - Press release issued by Home Products International Inc. dated
October 27, 2003.
99.2 - Non-GAAP financial measures reconciliation of Home Products
International, Inc.
Item 12. Results of Operations and Financial Statements
The information in this Report, including the Exhibits attached hereto, is
furnished pursuant to Item 12 "Disclosure of Results of Operations and
Financial Condition" of this Form 8-K. Consequently, it is not deemed to be
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference into any filing
under the Securities Act of 1933 or the Exchange Act, except as otherwise
expressly set forth by specific reference in such a filing.
On October 27, 2003, Home Products International, Inc. issued a press
release with respect to earnings for the quarter ended September 27, 2003.
A copy of the Company's press release is attached as Exhibit 99.1 hereto and
is incorporated herein by reference.
During the Company's third quarter conference call to discuss financial
results on October 28, 2003, a question was asked regarding a financial
covenant within our senior loan agreement. Such covenant includes a
reference to Consolidated EBITDA. Consolidated EBITDA is a non-GAAP
financial measure within the meaning of Regulation G promulgated by the
Securities and Exchange Commission. A schedule reconciling the differences
between Consolidated EBITDA and our reported net earnings (loss) for the
periods presented is attached as Exhibit 99.2 and is incorporated herein by
reference.
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 hereunto duly authorized.
Home Products International, Inc.
By: /s/ James E. Winslow
---------------------------
James E. Winslow
Executive Vice President
and Chief Financial Officer
Dated: October 31, 2003
EXHIBIT INDEX
Exhibit Number Description
-------------- -----------
99.1 Press release issued by Home Products International,
Inc. dated October 27, 2003.
99.2 Non-GAAP financial measures reconciliation of Home
Products International, Inc.