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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
MAY 7, 2008
Date of Report (Date of earliest event reported)
THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.
(Exact name of registrant as specified in its charter)
MARYLAND 1-4141 13-1890974
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(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification No.)
TWO PARAGON DRIVE
MONTVALE, NEW JERSEY 07645
(Address of principal executive offices)
(201) 573-9700
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
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:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01. OTHER EVENTS.
On May 7, 2008, Yucaipa Corporate Initiatives Fund I, L.P., Yucaipa
American Alliance Fund I, L.P. and Yucaipa American Alliance (Parallel) Fund I,
L.P. (collectively "the Yucaipa Investors") exercised all of the Series A
Warrants issued to the Yucaipa Investors pursuant to the Amended and Restated
Warrant Agreement (the "Warrant Agreement") in connection with A&P's acquisition
of Pathmark Stores. The Series A Warrants had an exercise price of $18.36 per
share and would have expired on June 9, 2008. Under the terms of the Warrant
Agreement, the Series A Warrants must be exercised on a cashless basis, and A&P
has twenty (20) business days [from the exercise date and surrender of the
warrant certificates] to deliver to the Yucaipa Investors, at A&P's election,
cash (up to $45.7 million), shares of A&P common stock (up to 1.63 million
shares), or a combination thereof, in settlement of the Series A Warrants.
Pursuant to the Stockholder Agreement dated as of March 4, 2007 between
A&P and Tengelmann Warenhandelsgesellschaft KG, Tengelmann has the right to
approve any issuance of A&P common stock under the Series A Warrants. In
addition, Tengelmann has the ability to exercise a "put right" whereby it has
the ability to require A&P to purchase A&P stock held by Tengelmann to settle
the Series A Warrants.
SIGNATURES
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.
Dated: May 8, 2008
THE GREAT ATLANTIC & PACIFIC TEA
COMPANY, INC.
By: /s/ Allan Richards
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Name: Allan Richards
Title: Senior Vice President, Human
Resources, Labor Relations, Legal
Services & Secretary