Current Report on Form 8-K

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


                             October 7, 2003                                  
Date of Report   (Date of earliest event reported)


      Hershey Foods Corporation      
(Exact name of registrant as specified in its charter)


                                Delaware                                 
(State or other jurisdiction of incorporation)

                     1-183                    
(Commission File Number)
                  23-0691590                  
(IRS Employer Identification No.)


    100 Crystal A Drive, Hershey, Pennsylvania 17033    
(Address of Principal Executive Offices)    (Zip Code)

Registrant's telephone number, including area code:  (717)  534-6799



Page 1 of 3 Pages
Exhibit Index - Page 3


 

INFORMATION TO BE INCLUDED IN REPORT

The information in this Current Report, including the exhibit, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9. Regulation FD Disclosure

On October 7, 2003, Hershey Foods Corporation (the "Corporation") announced that Robert F. Cavanaugh has been elected to the Corporation's Board of Directors, effective October 7, 2003. A copy of the Corporation's press release announcing Mr. Cavanaugh's election is furnished herewith as Exhibit 99.1.

 

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.

Date: October 7,  2003

                 HERSHEY FOODS CORPORATION

By:     /s/Frank Cerminara   
Frank Cerminara
         Senior Vice President,
          Chief Financial Officer

 

 

 

 

Page 2 of 3 Pages
Exhibit Index - Page 3

 


EXHIBIT INDEX

Exhibit No.

Description

99.1

Hershey Foods Corporation Press Release dated October 7, 2003 (Election to Board of Directors of Robert F. Cavanaugh)

 

 

 

Page 3 of 3 Pages
Exhibit Index - Page 3

Press Release Dated Oct.7,2003

EXHIBIT 99.1

 

Robert F. Cavanaugh Elected to Hershey Foods Board of Directors

HERSHEY, Pa., October 7, 2003 - Robert F. Cavanaugh, Managing Director, DLJ Real Estate Capital Partners, has been elected to the Hershey Foods Board of Directors, effective October 7, 2003. Cavanaugh also serves on the boards of the Hershey Trust Company and Milton Hershey School and is Co-Chair of the Milton Hershey School's Investment Committee.

In announcing the election, Richard H. Lenny, Chairman, President and Chief Executive Officer, Hershey Foods, said, "I'm pleased to have someone of Bob's caliber join the Hershey Foods Board of Directors. His expertise and guidance will be invaluable as we continue implementing our value-enhancing strategy."

Cavanaugh was named Managing Director of DLJ Real Estate Capital Partners, a subsidiary of Credit Suisse First Boston, in 2000. He is responsible for sourcing, structuring and executing principal investments for this $1.2 billion real estate private equity fund. Cavanaugh also serves on the fund's Investment Committee.

Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and high net worth clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital and asset management. It operates in more than 69 locations across more than 34 countries on five continents. The firm is a unit of Zurich-based Credit Suisse Group, a leading global financial services company.

Prior to joining Credit Suisse First Boston, Cavanaugh was the Managing Director of Real Estate Investment Banking, Bankers Trust Company. He also has held leadership positions in investment banking with LaSalle Partners Limited and Goldman, Sachs and Company.

Cavanaugh, a Milton Hershey School graduate, received a bachelor's degree in economics from Wharton School of Business at the University of Pennsylvania, and a master of business administration in management from Harvard Graduate School of Business Administration. Cavanaugh also serves on the Board of Directors of the Neighborhood Youth Association, Los Angeles, CA.

Hershey Foods Corporation (NYSE:HSY) is the leading North American manufacturer of quality chocolate and non-chocolate confectionery and chocolate-related grocery products. Some of the company's most popular products include Hershey's® chocolate and chocolate with almonds bars, Hershey's® Kisses® brand chocolates, Reese's® peanut butter cups, Jolly Rancher® and Twizzlers® candies, Hershey's® cocoa, and Hershey's® syrup. The company also is a market leader in the gum and mint category, with such well-known brands as Ice Breakers®, Breath Savers®, and Bubble Yum®.

Media Contact: Christine M. Dugan (717) 508-3238

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