UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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: May 15, 2006
Date of Earliest Event Reported: May 12, 2006
Commission file number 1-10948
OFFICE DEPOT, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 59-2663954 | |
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
|
| 2200 Old Germantown Road, Delray Beach, Florida | 33445 | |
| (Address of principal executive offices) | (Zip Code) |
(561) 438-4800
(Registrant’s telephone number, including area code)
Former name or former address, if changed since last report: N/A
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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 7.01. REGULATION FD DISCLOSURE
ITEM 8.01 OTHER EVENTS
Attached hereto as Exhibit 99.1.1 and incorporated by reference herein is Office Depot, Inc.’s news
release dated May 15, 2006, announcing the authorization by its Board of Directors of a $500
million share repurchase program, at the Board’s meeting on May 12, 2006.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1.1
|
News release of Office Depot, Inc. issued on May 15, 2006. |
2
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 thereunto duly authorized.
| OFFICE DEPOT, INC. |
||||
| Date: May 15, 2006 | By: | /s/ DAVID C. FANNIN | ||
| David C. Fannin | ||||
| Executive Vice President and General Counsel | ||||
3
Exhibit 99.1.1
CONTACTS:
Ray Tharpe
Investor Relations
561/438-4540
ray.tharpe@officedepot.com
Investor Relations
561/438-4540
ray.tharpe@officedepot.com
Brian Levine
Public Relations
561/438-2895
brian.levine@officedepot.com
Public Relations
561/438-2895
brian.levine@officedepot.com
OFFICE DEPOT ANNOUNCES NEW $500 MILLION SHARE REPURCHASE
Delray Beach, Fla., May 15, 2006 — Office Depot, Inc. (NYSE: ODP) announced today that its
Board of Directors has authorized the repurchase of up to $500 million in market value of its
common stock. Purchases will be in the open market and block trades will be permitted, all in
accordance with Rule 10b-18 under the Securities Exchange Act of 1934. Purchases will be
transacted through one or more brokerage firms to be determined by the Company’s management.
About Office Depot
With annual sales of over $14 billion, Office Depot provides more office products and services to more customers in more countries than any other company. Incorporated in 1986 and headquartered in Delray Beach, Florida, Office Depot conducts business in 23 countries and employs about 47,000 people worldwide. The Company operates under the Office Depot®, Viking Office Products®, and Viking Direct® brand names.
With annual sales of over $14 billion, Office Depot provides more office products and services to more customers in more countries than any other company. Incorporated in 1986 and headquartered in Delray Beach, Florida, Office Depot conducts business in 23 countries and employs about 47,000 people worldwide. The Company operates under the Office Depot®, Viking Office Products®, and Viking Direct® brand names.
Office Depot is a leader in every distribution channel — from retail stores and contract delivery
to catalogs and e-commerce. With over $3.8 billion of sales, the Company is one of the world’s
largest e-commerce retailers. As of April 1, 2006, Office Depot had 1,049 retail stores in North
America. Internationally, the Company conducts wholly-or majority-owned operations in 16
countries, and operates retail stores under joint venture and license arrangements in another five
countries.
The company’s common stock is listed on the New York Stock Exchange under the symbol ODP and is
included in the S&P 500 Index. Additional press information can be found at:
http://mediarelations.officedepot.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: Except for historical information,
the matters discussed in this press release are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements,
including without limitation all of the projections and anticipated levels of future performance,
involve risks and uncertainties which may cause actual results to differ materially from those
discussed herein. These risks and uncertainties are detailed from time to time by Office Depot in
its filings with the United States Securities and Exchange Commission (“SEC”), including without
limitation its most recent filing on Form 10-K, filed on February 15, 2006 and its 10-Q and 8-K
filings made from time to time. You are strongly urged to review all such filings for a more
detailed discussion of such risks and uncertainties. The Company’s SEC filings are readily
obtainable at no charge at www.sec.gov and at www.freeEDGAR.com, as well as on a
number of other commercial web sites.