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): February 5, 2004
CONCORD CAMERA CORP.
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(Exact name of registrant as specified in its charter)
New Jersey 13-3152196
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
0-17038
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(Commission File Number)
4000 Hollywood Boulevard, 6th Floor North Tower, Hollywood, Florida 33021
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (954) 331-4200
Item 12. Results of Operations and Financial Condition
On February 5, 2004, Concord Camera Corp. (the "Company") issued a press release
announcing the Company's financial results for the quarter and six months ended
December 27, 2003. A copy of the Company's press release is attached hereto as
Exhibit 99.
The press release includes the Company's guidance with respect to "net income or
loss before non-cash variable stock option expense or income," a non-GAAP
number. Because net income or loss computed in accordance with GAAP requires the
inclusion of non-cash variable stock option expense or income which is dependent
on the market price of the Company's common stock rather than directly linked to
the Company's operating performance, the Company uses net income or loss before
non-cash variable stock option expense or income to monitor its operating
performance and believes that the presentation of its guidance in this manner
provides useful information to investors regarding the Company's anticipated
financial condition and results of operations.
The information in this Current Report on Form 8-K and the exhibit attached
hereto shall not be deemed "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 in
any filing under the Securities Act of 1933 or the Exchange Act, except as shall
be expressly set forth by specific reference in such filing.
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.
CONCORD CAMERA CORP.
Date: February 5, 2004 By: /s/ Richard M. Finkbeiner
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Richard M. Finkbeiner
Senior Vice President and
Chief Financial Officer