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: March 27, 2008
______________________
STEELCASE
INC.
Michigan
|
1-13873
|
38-0819050
|
(State
of incorporation)
|
(Commission
File Number)
|
(IRS
employer identification
number)
|
901
44th Street SE
|
|
|
Grand
Rapids, Michigan
|
|
49508
|
(Address
of principal executive offices)
|
|
(Zip
code)
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(616)
247-2710
______________________
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.):
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 CRF
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
2.02. Results of Operations and Financial Condition
Steelcase
Inc. (“the Company”) reported its fourth quarter and fiscal year 2008 results
today and is furnishing the earnings release as Exhibit 99.1 attached hereto.
Members of the public are invited to listen to the Company’s webcast conference
call and view the accompanying presentation slides tomorrow, March 28, 2008,
at
11:00 a.m. EDT through the link at www.steelcase.com. The presentation slides
will be available at www.steelcase.com
subsequent to the issuance of the press release. A replay of the webcast,
including presentation slides, can also be accessed through the Company’s
website through April 28, 2008.
The
earnings release contains certain non-GAAP financial measures. A “non-GAAP
financial measure” is defined as a numerical measure of a company’s financial
performance that excludes or includes amounts so as to be different than the
most directly comparable measure calculated and presented in accordance with
GAAP in the statements of income, balance sheets or statements of cash flow of
the
Company. Pursuant to the requirements of Regulation G, the Company has provided
a reconciliation within the earnings release of non-GAAP financial measures
to
the most directly comparable GAAP financial measure.
The
non-GAAP financial measures used within the Company’s earnings release
are:
|
§
|
Fourth
quarter and fiscal year consolidated gross profit, excluding restructuring
items, for the current and prior year in dollars and as a percent
of
revenue
|
|
§
|
Fourth
quarter and fiscal year gross profit by business segment, excluding
restructuring items, for the current and prior year in dollars and
as a
percent of revenue
|
|
§
|
Fourth
quarter and fiscal year consolidated operating income, excluding
restructuring items, for the current and prior year in dollars and
as a
percent of revenue
|
|
§
|
Fourth
quarter and fiscal year operating income by business segment, excluding
restructuring items, for the current and prior year in dollars and
as a
percent of revenue.
|
These
measures are presented because management uses this information to monitor
and
evaluate financial results and trends. Therefore, management believes this
information is also useful for investors.
The
information furnished pursuant to this Current Report on Form 8-K (including
the
exhibit hereto) shall not be considered “filed” under the Securities Exchange
Act of 1934, as amended, nor shall it be incorporated by reference into future
filings by the Company under the Securities Act of 1933, as amended, or under
the Securities Exchange Act of 1934, as amended, unless the Company expressly
sets forth in such future filing that such information is to be considered
“filed” or incorporated by reference therein.
EXHIBIT
INDEX
Exhibit
Number
|
Description
|
|
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99.1
|
Earnings
Release - Fourth Quarter Ended February 29,
2008
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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.
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Steelcase
Inc.
|
|
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Date:
March 27, 2008
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|
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/S/
David C. Sylvester
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|
|
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David
C. Sylvester
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Vice
President and Chief Financial Officer
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(Duly
Authorized Officer and
|
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Principal
Financial Officer)
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