Attached files
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| EX-99.1 - EX-99.1 - TRUE RELIGION APPAREL INC | a11-6624_1ex99d1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): February 24, 2011
TRUE RELIGION APPAREL, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware |
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000-51483 |
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98-0352633 |
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(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
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of Incorporation) |
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File Number) |
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Identification No.) |
2263 East Vernon Avenue
Vernon, California 90058
(Address of Principal Executive Offices, Zip Code)
(323) 266-3072
(Registrant’s Telephone Number, Including Area Code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Effective the fourth quarter of fiscal year 2010, the Company reconstituted its reportable segment formerly titled “Other” to include the functions which support the overall business and were previously classified in the U.S. Wholesale segment. The functions that were reclassified include the design, production, marketing, distribution, credit, customer service, information technology and accounting departments. In connection with this reconstitution, the Company renamed the segment “Core Services”. As a result of this change, the Company has reclassified certain SG&A expenses previously presented in the U.S. Wholesale segment to Core Services in order to conform to the revised presentation. The Company made the change to its reportable segments to more closely align them with how management reviews and monitors the performance of its operating segments. Total consolidated SG&A expenses and total consolidated operating income was not changed as a result of these reclassifications. The reclassifications had no impact upon previously reported consolidated net sales and consolidated gross profit by reportable segment. The SG&A expenses and operating income by reportable segment reflecting the reclassifications is presented by quarter for the years ended December 31, 2008, 2009 and 2010 is attached hereto as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
99.1 Reclassified Consolidated Segment Data
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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February 24, 2011 |
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TRUE RELIGION APPAREL, INC. | |
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By: |
/s/ Peter F. Collins |
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Name: |
Peter F. Collins |
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Title: |
Chief Financial Officer |