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): May 17, 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 May 17, 2004, Concord Camera Corp. ("Concord") issued a press release
announcing Concord's financial results for the quarter and nine months ended
March 27, 2004. A copy of the press release is attached hereto as Exhibit 99.
The press release attached as Exhibit 99 includes Concord'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 Concord's common stock rather
than directly linked to Concord's operating performance, Concord 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 Concord'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 they 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: May 17, 2004 By: /s/ Richard M. Finkbeiner
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Richard M. Finkbeiner
Senior Vice President and
Chief Financial Officer
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