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: March 18, 2003 -------------- (Date of earliest event reported) APPLIANCE RECYCLING CENTERS OF AMERICA, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) MINNESOTA 000-19621 41-1454591 - ------------------------------- ---------- ------------------- (State or other jurisdiction of Commission (I.R.S. Employer incorporation or organization) File No. Identification No.) 7400 EXCELSIOR BOULEVARD MINNEAPOLIS, MN 55426-4517 - ---------------------------------------- ------------------- (Address of principal executive offices) (952) 930-9000 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events. - ------ ------------- On March 11, 2003, Appliance Recycling Centers of America, Inc. issued a press release announcing that its previously reported net loss of $0.24 per diluted share for the fourth quarter of 2002 ended December 28 was incorrectly calculated. The Company's actual net loss for this period was $0.31 per diluted share. As a result of this change, the Company's net income for 2002 is $0.11 per diluted share, not the previously reported $.10 per diluted share. A copy of the press release is attached as an exhibit to this filing on Form 8-K. Item 7(c). Exhibits. - ---------- -------- 99 Press Release dated March 11, 2003, announcing its corrected net loss for 2002 fourth quarter. Date: March 18, 2003 /s/ Linda Koenig -------------------------------------------- Linda Koenig, Vice President of Finance