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: July 11, 1994 (Date of Earliest Event Reported) UNIVERSAL CORPORATION (Exact name of registrant as specified in its charter) VIRGINIA (State or other jurisdiction of incorporation) 1-652 54-0414210 (Commission (IRS Employer File Number) Identification Number) Hamilton Street at Broad Richmond, Virginia 23230 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (804) 359-9311 NUMBER OF PAGES IN THIS FILING 3
ITEM 5. OTHER EVENTS The press release issued by the Registrant on July 11, 1994 and attached hereto as Exhibit A is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits (99) Press release issued by the Registrant on July 11, 1994.
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 hereunto duly authorized. UNIVERSAL CORPORATION (Registrant) By: /s/Karen M.L. Whelan Karen M.L. Whelan Vice President and Treasurer Dated: July 13, 1994
<PAGE> EXHIBIT A UNIVERSAL CORPORATION P.O. Box 25099 Richmond, VA 23260 Phone (804) 359-9311 Fax: (804) 254-3584 Contact: Release: Karen M.L. Whelan Immediately UNIVERSAL CORPORATION ANNOUNCES RESTRUCTURING RICHMOND, VA., JULY 11, 1994/PRNESWIRE Universal Corporation announced today that a plan of restructuring was approved on June 30, 1994. The plan, which provides for the consolidation and rationalization of operations and services in company facilities around the world, is expected to result in a more efficient operation and better service to the Company's customers. In addition, the Company believes that it will realize significant annual cost savings. A restructuring charge will be recorded in the Company's fourth fiscal quarter which will be reported on August 4, 1994. It is expected to be in the range of $13 million to $18 million before taxes, but the numerous calculations necessary to quantify the precise charges have not been finalized. Savings on an annual basis are expected to be roughly comparable to the charge, although the full effect of the savings will not be realized until fiscal year 1996. Universal's management reaffirmed its earlier estimate that its net income for the fiscal year just ended would be 35-40% below that of last year before considering the anticipated restructuring charge or the cumulative effect of the accounting change related to postretirement medical benefits that was recorded in the first quarter. Universal Corporation is a diversified company with operations in tobacco, lumber, and agri-products. Its gross revenues for the fiscal year that ended on June 30, 1993, were approximately $3 billion.