SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
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þ
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ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
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For the fiscal year ended December 31, 2007
OR
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o
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TRANSITION REPORT PURSUANT TO SECTION 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [NO
FEE REQUIRED]
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For the transition period from
to
Commission file number 1-800
Title
of plan -
WRIGLEY SAVINGS PLAN
Name and address of the issuer of the securities
held pursuant to the plan -
WM. WRIGLEY JR. COMPANY
(Delaware Corporation)
410 North Michigan Avenue
Chicago, Illinois 60611
Financial Statements and Supplemental Schedules
Wrigley Savings Plan
Years Ended December 31, 2007 and 2006
With Report of Independent Registered Public Accounting Firm
Wrigley Savings Plan
Financial Statements and Supplemental Schedules
Years Ended December 31, 2007 and 2006
Contents
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Report of Independent Registered Public Accounting Firm
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1
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Audited Financial Statements
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Statements of Assets Available for Benefits
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2
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Statements of Changes in Assets Available for Benefits
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3
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Notes to Financial Statements
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4
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Supplemental Schedules
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Schedule H, Line 4a Schedule of Delinquent Participant Contribution
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10
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Schedule H, Line 4i Schedule of Assets (Held at End of Year)
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11
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Report of Independent Registered Public Accounting Firm
The Wrigley Benefits Committee
Wrigley Savings Plan
We have audited the accompanying statements of assets available for benefits of the Wrigley Savings
Plan (the Plan) as of December 31, 2007 and 2006, and the related statements of changes in assets
available for benefits for the years then ended. These financial statements are the responsibility
of the Plans management. Our responsibility is to express an opinion on these financial statements
based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. We
were not engaged to perform an audit of the Plans internal control over financial reporting. Our
audits included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the Plans internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the assets available for benefits of the Plan at December 31, 2007 and 2006, and the
changes in its assets available for benefits for the years then ended, in conformity with U.S.
generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken
as a whole. The accompanying supplemental schedule of assets (held at end of year) as of
December 31, 2007, and schedule of delinquent participant contributions are presented for purposes
of additional analysis and are not a required part of the financial statements, but are
supplementary information required by the Department of Labors Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental
schedules are the responsibility of the Plans management. These supplemental schedules have been
subjected to the auditing procedures applied in our audits of the financial statements and, in our
opinion, are fairly stated in all material respects in relation to the financial statements taken
as a whole.
/s/ Ernst & Young LLP
June 24, 2008
1
Wrigley Savings Plan
Statements of Assets Available for Benefits
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December 31
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2007
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2006
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Assets
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Cash
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$
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60,373
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$
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128,354
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Investments, at fair value
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418,453,170
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428,553,371
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Assets available for benefits
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$
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418,513,543
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$
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428,681,725
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See notes to financial statements.
2
Wrigley Savings Plan
Statements of Changes in Assets Available for Benefits
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Year Ended December 31
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2007
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2006
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Additions
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Interest and dividends
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$
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20,775,021
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$
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17,327,088
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Contributions:
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Company
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8,362,388
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8,743,450
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Participants
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16,602,143
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17,333,477
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Rollover
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1,168,700
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1,851,984
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Total additions
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46,908,252
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45,255,999
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Deductions
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Distributions to participants
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81,987,340
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62,472,918
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Net realized and unrealized appreciation
(depreciation) in fair value of investments
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24,910,906
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(5,063,795
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Net decrease
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(10,168,182
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(22,280,714
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Assets available for benefits at beginning of year
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428,681,725
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450,962,439
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Assets available for benefits at end of year
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$
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418,513,543
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$
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428,681,725
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See notes to financial statements.
3
Wrigley Savings Plan
Notes to Financial Statements
1. Description of the Plan
The following brief description of the Wrigley Savings Plan (the Plan) is provided for general
information purposes only. Participants should refer to the plan document for a more complete
description of the Plans provisions.
Participation and Contributions
The Plan was established, effective January 1, 1975, for the employees of Wm. Wrigley Jr. Company
and such United States subsidiaries and affiliates of Wm. Wrigley Jr. Company (collectively
referred to as the Company or Employer) that adopt the Plan. The Plan is subject to the provisions
of the Employee Retirement Income Security Act of 1974 (ERISA). All regular full-time and
part-time employees are eligible to participate in the Plan as soon as administratively
practicable after date of hire. Temporary employees are eligible to participate upon completion of
1,000 hours within a 12-month period. After-tax and/or 401(k) accounts and Company-matching
accounts are maintained for each participant. Participants account balances are valued daily for
participant and Employer contributions, investment income, and net appreciation (depreciation) in
fair value of investments.
The Plan allows eligible employees to make contributions, usually in the form of payroll
deductions, generally up to 25% of eligible compensation, subject to an annual limit as required by
the Internal Revenue Code (IRC). Participants are eligible for matching contributions immediately.
Generally, the Employer makes matching contributions at 100% of a participants contributions up to
3% of eligible earnings and 60% of a participants contributions up to the next 3% of eligible
earnings.
Mercer Human Resources Services (Mercer) (formerly Putnum Fiduciary Trust Company) as Trustee under
the Special Investment and Savings Plan Trust for Wrigley Employees (the Trust), dated January 12,
1977, and amended and restated as of January 1, 1994, directs the purchases and sales of
investments for all funds within the limits prescribed in the Plan. Contributions and earnings
awaiting investment under the specified investment programs are temporarily placed in the Trusts
collective short-term investment fund at Mercer.
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Wrigley Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Loans
The Plan contains provisions that allow loans to participants, subject to certain restrictions. The
maximum aggregate amount that will be loaned to any participant will generally be the lesser of
$50,000 or 50% of the vested portion of the participants accounts as of the last preceding
valuation date. These loans, which have a maximum term of five years (ten years if used to acquire
a participants principal residence), are to be repaid through payroll deductions. Loans shall bear
a reasonable rate of interest, established periodically by the Benefits Committee, generally equal
to, for any plan year, the prime interest rate.
Investment Options and Transfers
Upon enrollment in the Plan, a participant may direct employee contributions, in 1% increments, and
matching contributions in any of 17 investment options.
Participants may change their investment direction on any day, in 1% increments. In addition,
participants may elect to transfer their account balance in any investment fund or funds on any
day, in 1% increments, to any other investment fund or funds including to and from the Wrigley
Stock Fund. The Wrigley Stock Fund qualifies as an employee stock ownership plan. Participants have
the option to reinvest dividends in additional shares of Company stock in the Plan or receive a
cash payout. Changes in investment direction or transfers can be made by contacting Mercer
directly.
Vesting
Participants contributions are immediately vested in their accounts. Employers matching
contributions are immediately vested in a participants account upon receipt.
Withdrawals
Active participants may make a withdrawal from the Plan once every 90 days from their contributions
account and, under certain circumstances, Employer-matching contribution account. Once a
participant makes a hardship withdrawal, contributions are restricted for 90 days.
5
Wrigley Savings Plan
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Distributions to Participants
Active participation in the Plan terminates upon death, retirement, or other termination of
employment with the Company. Participants may generally receive distributions of their vested
interest in the Plan in a lump-sum distribution, an installment payment, or a combination thereof.
Administrative Expenses
It is the intent of the Company to continue to pay certain administrative expenses of the Plan, but
if the Company fails to make the payments or so directs the Trustee, there may be a charge against
the Trust for these expenses.
Plan Termination
Although the Company has not expressed any intent to terminate the Plan, it is free to do so at any
time subject to the provisions of the IRC and ERISA. In the event the Plan is terminated, the net
assets of the Plan would be allocated among the participants in an amount equal to the balances in
their individual accounts at the date of termination.
2. Significant Accounting Policies
Investment Valuation
The Plans investments are stated at fair value. The shares of registered investment companies are
valued at quoted market prices, which represent the net asset value of shares held by the Plan at
year-end. The Wm. Wrigley Jr. Company common stock is valued at its quoted market price on the New
York Stock Exchange. There is no established public trading market for the Wm. Wrigley Jr. Company
Class B common stock. However, because the Class B common stock is at all times convertible into
common stock on a share-for-share basis, the market value of such shares is considered to be
equivalent to that of the Companys common stock. Participant loans are valued at cost, which
approximates fair value.
Contributions
Contributions from participants are recognized when withheld by the Company through payroll
deductions.
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Wrigley Savings Plan
Notes to Financial Statements (continued)
2. Significant Accounting Policies (continued)
Matching contributions from the Employer are recognized concurrently with the recognition of
participants contributions.
Security Transactions
Purchases and sales of securities are accounted for on the trade date. Gains and losses on sales or
withdrawals of securities are based on the average cost of the securities.
Income Recognition
Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as
earned on the accrual basis.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted
in the United States requires management to make estimates and assumptions that affect the amounts
reported in the financial statements and accompanying notes. Actual results could differ from those
estimates.
3. Recently Issued Accounting Pronouncements
In September 2006, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards (SFAS) No. 157 Fair Value Measurements. SFAS No. 157 provides a single
definition of fair value, a framework for measuring fair value, and expands disclosures related to
fair value measurements. SFAS No. 157 is effective for the Plan year beginning January 1, 2008.
The plan administrators do not expect a material impact to the Plans net assets upon adoption.
7
Wrigley Savings Plan
Notes to Financial Statements (continued)
4. Investments
Individual investments that represent 5% or more of the fair value of Plans net assets are as
follows:
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December 31
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2007
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2006
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Federated Stock Fund
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$
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27,872,322
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$
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34,768,787
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Europacific Growth Fund
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34,659,884
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29,182,387
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Putnam Money Market Fund
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32,121,538
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36,227,791
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Wm. Wrigley Jr. Company common stock
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143,794,653
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152,830,488
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Wm. Wrigley Jr. Company Class B common stock
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56,642,210
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65,507,015
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During 2007 and 2006, the Plans investments (including investments purchased and sold, as well as
held, during the year) (depreciated) appreciated in fair value as follows:
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Year Ended December 31
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2007
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2006
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Mutual funds
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$
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(1,636,998
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$
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6,881,063
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Wm. Wrigley Jr. Company common stock
(including Class B stock)
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26,547,904
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(11,944,858
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$
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24,910,906
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$
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(5,063,795
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Dividends relating to Wm. Wrigley Jr. Company common stock amounted to $4,253,267 and $4,897,837
during 2007 and 2006, respectively.
5. Income Tax Status
The Plan has received a determination letter from the Internal Revenue Service (IRS) dated December
4, 2002, stating that the Plan is qualified under Section 401(a) of the IRC and, therefore, the
related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was
amended and restated. Once qualified, the Plan is required to operate in conformity with the IRC to
maintain its qualification. The plan administrator believes the Plan is being operated in
compliance with the applicable requirements of the IRC and, therefore, believes that the Plan, as
amended and restated, is qualified and the related trust is tax-exempt.
6. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various
risks such as interest rate, market, and credit risks. Due to the level of risk associated with
certain investment securities, it is at least reasonably possible that changes in the values of
investment securities will occur in the near term and that such changes could materially affect
participants account balances and the amounts reported in the statements of assets available for
benefits.
8
Wrigley Savings Plan
Notes to Financial Statements (continued)
7. Subsequent Event
On April 28, 2008, the Company announced that it had reached an agreement to merge with Mars,
Incorporated, one of the worlds leading confectionery and consumer goods companies. As a result of
this transaction, Wrigley will become a private company. Mars, Incorporated will acquire 100% of
the outstanding stock of Wrigley and has agreed to pay $80 per each share of the Companys Common
Stock and Class B Common Stock. The terms of the transaction have been unanimously approved by the
Wrigley Board of Directors. However, the transaction is subject to shareholder and certain
regulatory approvals. The transaction will have no immediate effect to the Plan.
9
Schedule H, Line 4a Schedule of Delinquent Participant Contributions
EIN #36-1988190 Plan #004
Year Ended December 31, 2007
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Total That Constitute Nonexempt
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Participant Contributions Transferred
Late to Plan
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Prohibited Transactions
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$1,100
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$1,100
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Note: Participant contributions were restored to the Plan, and participants were credited with
corrective earnings on or before June 11, 2007.
10
Wrigley Savings Plan
Schedule H, Line 4i Schedule of Assets (Held at End of Year)
EIN #36-1988190 Plan #004
December 31, 2007
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Number of
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Current
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Identity of Issue
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Shares
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Value
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Interest-bearing cash
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$
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1,252,750
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Wm. Wrigley Jr. Company (*) common stock
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2,455,929
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143,794,653
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Wm. Wrigley Jr. Company (*) Class B common stock
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967,463
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56,642,210
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Mercer Human Resource Services:
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Shares of registered investment companies:
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Putnam Money Market Fund (*)
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32,121,538
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32,121,538
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PIMCO Total Return Fund
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1,687,123
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18,035,340
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Putnam Vista Fund (*)
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1,159,500
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13,531,366
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Managers Special Equity Fund
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182,024
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11,776,953
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Vanguard Institutional Index Fund
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96,532
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12,948,869
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Vanguard Target Retirement Fund 2005
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319,663
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3,842,354
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Vanguard Target Retirement Fund 2015
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1,055,708
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13,787,547
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Vanguard Target Retirement Fund 2025
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687,112
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9,427,173
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Vanguard Target Retirement Fund 2035
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431,262
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6,305,043
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Vanguard Target Retirement Fund 2045
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296,497
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4,474,137
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Vanguard Target Retirement Income Fund
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116,026
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1,291,367
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Federated Stock Fund
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1,060,187
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27,872,322
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Harbor Capital Appreciation Fund
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231,172
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8,625,037
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Putnam Investors Fund (*)
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452,077
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6,613,883
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Europacific Growth Fund
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681,642
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34,659,884
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PIMCO Low Duration Fund
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278,081
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2,811,395
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Participants loans (varying maturities with
interest rates ranging from 5.25% to 7.00%)
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8,639,349
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$
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418,453,170
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(*)
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Mercer Human Resource Services and the Wm. Wrigley Jr. Company are parties in interest.
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11
SIGNATURES
The Plan
. Pursuant to the requirements of the Securities Exchange Act of 1934, the Benefits
Committee, as administrator of the plan, has duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.
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WRIGLEY SAVINGS PLAN
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By:
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/s/ Timothy Griffin
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Timothy Griffin
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Benefits Committee Chairman and Senior Director
People, Learning and Development of the Wm. Wrigley Jr. Company
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/s/ Luis Machado
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Luis Machado
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Benefits Committee Secretary and Assistant General
Counsel Corporate and Assistant Secretary of the Wm.
Wrigley Jr. Company
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/s/ Alan Schneider
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Alan Schneider
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Benefits Committee Member and Vice President and
Treasurer of the Wm. Wrigley Jr. Company
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/s/ Tony Gedeller
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Tony Gedeller
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Date: June 24, 2008
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Benefits Committee Member and Senior
Director Treasury of the Wm. Wrigley Jr. Company
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12
Exhibit Index
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Exhibit
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Number
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Description of Exhibit
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23
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Consent of Independent Registered Public Accounting Firm
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13
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