Albertsons 2004 Annual Report Download - page 12

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Food Distribution Operations
The following table is a summary of the company’s principal distribution centers and office space utilized in
the company’s food distribution operations as of February 28, 2004:
Region Location and Number of Distribution Centers
Square
Footage
Owned
(Approximate)
Square
Footage
Leased
(Approximate)
Central Region Indiana (1), Ohio (1), Pennsylvania (2), West Virginia (1) 2,159,000 372,000
Midwest Region Illinois (2), Missouri (1), Texas (1), Wisconsin (2) 2,394,000 823,000
Northern Region Minnesota (1), North Dakota (2) 2,132,000 90,000
Northwest Region Montana (1), Washington (2) 1,557,000 —
Southeast Region Alabama (2), Florida (1), Mississippi (1) 1,528,000 627,000
Eastern Region Maryland (1), Pennsylvania (1), Virginia (1) 1,145,000 926,000
Additional Property
The company’s principal executive offices are located in a 180,000 square foot corporate headquarters
facility located in Eden Prairie, Minnesota, a western suburb of Minneapolis, Minnesota. This headquarters
facility is located on a site of 140 acres owned by the company. Other facilities allocated for corporate use,
include approximately 189,000 square feet of leased office space located in Chanhassen, Minnesota, 53,000
square feet of owned office space located in Stillwater, Minnesota and 35,000 square feet of leased office space
in Denver, Colorado.
Additional information on the company’s properties can be found on pages F-24 through F-26 in the Leases
note in the accompanying Notes to Consolidated Financial Statements. Management of the company believes its
physical facilities and equipment are adequate for the company’s present needs and businesses.
ITEM 3. LEGAL PROCEEDINGS
In July and August 2002, several class action lawsuits were filed against the company and certain of its officers
and directors in the United States District Court for the District of Minnesota on behalf of purchasers of the
company’s securities between July 11, 1999 and June 26, 2002. The lawsuits have been consolidated into a single
action, in which it is alleged that the company and certain of its officers and directors violated Federal securities
laws by issuing materially false and misleading statements relating to its financial performance. On April 29, 2004,
the District Court for the District of Minnesota granted preliminary approval to a stipulation of settlement between
the company and plaintiffs. A hearing for final approval of the settlement is scheduled for August 16, 2004. The
settlement will have no material impact to the company’s consolidated statement of earnings or consolidated
financial position.
The company is a party to various other legal proceedings arising from the normal course of business
activities, none of which, in management’s opinion, is expected to have a material adverse impact on the
company’s consolidated statement of earnings or consolidated financial position.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There was no matter submitted during the fourth quarter of fiscal year 2004 to a vote of the security holders
of the Registrant.
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