##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-Q
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended June 25, 2005
 Commission File Number 0-1532
 MARSH SUPERMARKETS, INC.
  INDIANA
(State or other jurisdiction of
incorporation or organization)
    
    35-0918179
(IRS Employer
Identification No.)
 9800 CROSSPOINT BOULEVARD
 INDIANAPOLIS, INDIANA
(Address of principal executive offices)
    
    46256-3350
(Zip Code)
 (317) 594-2100
  o þ
  Class A Common Stock
    
    
    3,747,375
    sharesClass B Common Stock
    
    
    4,167,725
    shares7,915,100
    shares




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TABLE OF CONTENTS  PART I  FINANCIAL INFORMATIONItem 1. Financial StatementsItem 2. Managements Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Disclosure Controls and ProceduresPART II  OTHER INFORMATIONItem 1. Legal ProceedingsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults upon Senior SecuritiesItem 4.Submission of Matters to a Vote of Security HoldersItem 5. Other InformationItem 6. ExhibitsSIGNATURESEx-10  Summary of Management Incentive PlanEx-31.1  Section 302 Certification of the CEOEx-31.2  Section 302 Certification of the CFOEx-32.1  Section 906 Certification of the CEOEx-32.2  Section 906 Certification of the CFO    Table of Contents  
 
 PART
I  FINANCIAL INFORMATION
 Item 1.
Financial Statements
 MARSH SUPERMARKETS, INC.
 CONDENSED CONSOLIDATED BALANCE SHEETS
 June 25,
    
    April 2,
    
    June 19,2005
    
    2005
    
    2004(Unaudited)
    
    (Note A)
    
    (Unaudited)AssetsCurrent assets:Cash and equivalents
    
    $
    46,305
    
    
    $
    27,364
    
    
    $
    41,656Accounts and notes receivable, net
    
    
    22,941
    
    
    
    22,153
    
    
    
    22,924Inventories
    
    
    135,612
    
    
    
    132,758
    
    
    
    127,280Prepaid expenses
    
    
    4,869
    
    
    
    6,619
    
    
    
    3,829Recoverable income taxes
    
    
    1,226
    
    
    
    841
    
    
    
    3,289Total current assets
    
    
    210,953
    
    
    
    189,735
    
    
    
    198,978Property and equipment, less allowances for depreciation
    
    
    316,343
    
    
    
    307,816
    
    
    
    294,955Other assets
    
    
    50,529
    
    
    
    49,317
    
    
    
    52,801Total Assets
    
    $
    577,825
    
    
    $
    546,868
    
    
    $
    546,734Liabilities and Shareholders EquityCurrent liabilities:Accounts payable
    
    $
    83,639
    
    
    $
    75,786
    
    
    $
    76,333Accrued liabilities
    
    
    48,322
    
    
    
    54,941
    
    
    
    46,925Current maturities of long-term liabilities
    
    
    78,937
    
    
    
    48,444
    
    
    
    5,080Total current liabilities
    
    
    210,898
    
    
    
    179,171
    
    
    
    128,338Long-term liabilities:Long-term debt
    
    
    132,579
    
    
    
    133,268
    
    
    
    181,163Capital lease obligations
    
    
    26,921
    
    
    
    27,212
    
    
    
    27,935Pension and post-retirement benefits
    
    
    53,649
    
    
    
    52,229
    
    
    
    43,766Total long-term liabilities
    
    
    213,149
    
    
    
    212,709
    
    
    
    252,864Deferred items:Income taxes
    
    
    8,380
    
    
    
    8,823
    
    
    
    18,483Gains from sale/leasebacks
    
    
    16,196
    
    
    
    16,487
    
    
    
    15,337Other
    
    
    5,292
    
    
    
    5,363
    
    
    
    3,526Total deferred items
    
    
    29,868
    
    
    
    30,673
    
    
    
    37,346Shareholders Equity:Common stock, Classes A and B
    
    
    26,699
    
    
    
    26,630
    
    
    
    26,588Retained earnings
    
    
    130,520
    
    
    
    130,890
    
    
    
    131,399Cost of common stock in treasury
    
    
    (15,876
    )
    
    
    (15,755
    )
    
    
    (15,724
    )Deferred cost  restricted stock
    
    
    (120
    )
    
    
    (137
    )
    
    
    (191
    )Notes receivable  stock purchases
    
    
    (11
    )
    
    
    (11
    )
    
    
    (11
    )Accumulated other comprehensive loss
    
    
    (17,302
    )
    
    
    (17,302
    )
    
    
    (13,875
    )Total shareholders equity
    
    
    123,910
    
    
    
    124,315
    
    
    
    128,186Total Liabilities and Shareholders Equity
    
    $
    577,825
    
    
    $
    546,868
    
    
    $
    546,734
  2




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##### Table of Contents



MARSH SUPERMARKETS, INC.
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
 12 Weeks EndedJune 25,
    
    June 19,2005
    
    2004Sales and other revenues
    
    $
    409,780
    
    
    $
    399,396Gains from sales of property
    
    
    
    
    
    
    456Total revenues
    
    
    409,780
    
    
    
    399,852Cost of merchandise sold, including
warehousing and transportation,
excluding depreciation
    
    
    287,354
    
    
    
    281,123Gross profit
    
    
    122,426
    
    
    
    118,729Selling, general and administrative
    
    
    111,065
    
    
    
    106,039Depreciation
    
    
    5,972
    
    
    
    5,785Operating income
    
    
    5,389
    
    
    
    6,905Interest
    
    
    4,447
    
    
    
    4,283Other non-operating income
    
    
    (119
    )
    
    
    Income before income taxes
    
    
    1,061
    
    
    
    2,622Income taxes
    
    
    387
    
    
    
    1,004Net income
    
    $
    674
    
    
    $
    1,618Earnings per common share:Basic
    
    $
    .09
    
    
    $
    .20Diluted
    
    
    .08
    
    
    
    .20Dividends declared per share
    
    $
    .13
    
    
    $
    .13
  3




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##### Table of Contents



MARSH SUPERMARKETS, INC.
 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 12 Weeks EndedJune 25,
    
    June 19,2005
    
    2004Operating activitiesNet income
    
    $
    674
    
    
    $
    1,618Adjustments to reconcile net income to net
cash provided by operating activities:Depreciation
    
    
    5,972
    
    
    
    5,785Changes in operating assets and liabilities
    
    
    (1,892
    )
    
    
    1,776Other operating activities
    
    
    267
    
    
    
    963Net cash provided by operating activities
    
    
    5,021
    
    
    
    10,142Investing activitiesNet acquisition of property, equipment and land
    
    
    (14,503
    )
    
    
    (13,670
    )Other investing activities
    
    
    
    
    
    
    115Net cash used for investing activities
    
    
    (14,503
    )
    
    
    (13,555
    )Financing activitiesProceeds of long-term borrowings
    
    
    55,000
    
    
    
    30,000Proceeds of sale/leasebacks
    
    
    
    
    
    
    10,810Payments of long-term debt and capital leases
    
    
    (25,487
    )
    
    
    (21,598
    )Cash dividends paid
    
    
    (1,038
    )
    
    
    (1,032
    )Purchase of common shares for treasury
    
    
    (466
    )
    
    
    (794
    )Other financing activities
    
    
    414
    
    
    
    99Net cash provided by financing activities
    
    
    28,423
    
    
    
    17,485Net increase in cash and equivalents
    
    
    18,941
    
    
    
    14,072Cash and equivalents at beginning of period
    
    
    27,364
    
    
    
    27,584Cash and equivalents at end of period
    
    $
    46,305
    
    
    $
    41,656
  4




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##### Table of Contents



MARSH SUPERMARKETS, INC.
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
 Note A  Basis of Presentation
     Note B  Earnings Per Share
  12 Weeks EndedJune 25,
    
    June 19,2005
    
    2004Net income
    
    $
    674
    
    
    $
    1,618Weighted average shares outstanding

    
    
    7,913
    
    
    
    7,924Non-vested restricted shares
    
    
    (16
    )
    
    
    (17
    )Denominator for basic earnings per share
    
    
    7,897
    
    
    
    7,907Effect of dilutive securities:Non-vested restricted shares
    
    
    16
    
    
    
    17Stock options
    
    
    91
    
    
    
    126Denominator for diluted earnings per share -
adjusted weighted average shares
    
    
    8,004
    
    
    
    8,050
 5




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##### Table of Contents



Note C  Stock Option Plans
  12 Weeks EndedJune 25,
    
    June 19,2005
    
    2004Net income, as reported
    
    $
    674
    
    
    $
    1,618Compensation expense recorded
    
    
    10
    
    
    
    9Compensation expense using
the fair value method, net of tax
    
    
    (22
    )
    
    
    (180
    )Pro-forma net income
    
    $
    662
    
    
    $
    1,447Reported earnings per share:Basic
    
    $
    .09
    
    
    $
    .20Diluted
    
    
    .08
    
    
    
    .20Pro-forma earnings per share:Basic
    
    
    .08
    
    
    
    .18Diluted
    
    
    .08
    
    
    
    .18
 Note D  Long-Term Debt
  6




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##### Table of Contents



Note E  Long-Term Debt and Guarantor Subsidiaries
   GuarantorParent
    
    subsidiaries
    
    TotalAssetsCurrent assets:Cash and equivalents
    
    $
    
    
    
    $
    46,305
    
    
    $
    46,305Accounts and notes receivable, net
    
    
    
    
    
    
    22,941
    
    
    
    22,941Inventories
    
    
    
    
    
    
    135,612
    
    
    
    135,612Prepaid expenses
    
    
    
    
    
    
    4,869
    
    
    
    4,869Recoverable income taxes
    
    
    1,226
    
    
    
    
    
    
    
    1,226Total current assets
    

    
    1,226
    
    
    
    209,727
    
    
    
    210,953Property and equipment, less allowances for depreciation
    
    
    37,551
    
    
    
    278,792
    
    
    
    316,343Other assets
    
    
    2,794
    
    
    
    47,735
    
    
    
    50,529Total Assets
    
    $
    41,571
    
    
    $
    536,254
    
    
    $
    577,825Liabilities and Shareholders EquityCurrent liabilities:Accounts payable
    
    $
    
    
    
    $
    83,639
    
    
    $
    83,639Accrued liabilities
    
    
    14,873
    
    
    
    33,449
    
    
    
    48,322Current maturities of long-term liabilities
    
    
    1,798
    
    
    
    77,139
    
    
    
    78,937Total current liabilities
    
    
    16,671
    
    
    
    194,227
    
    
    
    210,898Long-term liabilities:Long-term debt
    
    
    110,057
    
    
    
    22,522
    
    
    
    132,579Capital lease obligations
    
    
    
    
    
    
    26,921
    
    
    
    26,921Pension and post-retirement benefits
    
    
    49,302
    
    
    
    4,347
    
    
    
    53,649Total long-term liabilities
    
    
    159,359
    
    
    
    53,790
    
    
    
    213,149Deferred items:Income taxes
    
    
    8,380
    
    
    
    
    
    
    
    8,380Gains from sale/leasebacks
    
    
    2,126
    
    
    
    14,070
    
    
    
    16,196Other
    
    
    
    
    
    
    5,292
    
    
    
    5,292Total deferred items
    
    
    10,506
    
    
    
    19,362
    
    
    
    29,868Amounts due parent from subsidiaries
    
    
    (142,940
    )
    
    
    142,940
    
    
    
    Shareholders Equity:Common stock, Classes A and B
    
    
    26,699
    
    
    
    
    
    
    
    26,699Retained earnings
    
    
    4,585
    
    
    
    125,935
    
    
    
    130,520Cost of common stock in treasury
    
    
    (15,876
    )
    
    
    
    
    
    
    (15,876
    )Deferred cost  restricted stock
    
    
    (120
    )
    
    
    
    
    
    
    (120
    )Notes receivable  stock purchases
    
    
    (11
    )
    
    
    
    
    
    
    (11
    )Accumulated other comprehensive loss
    
    
    (17,302
    )
    
    
    
    
    
    
    (17,302
    )Total shareholders equity
    
    
    (2,025
    )
    
    
    125,935
    
    
    
    123,910Total Liabilities and Shareholders Equity
    
    $
    41,571
    
    
    $
    536,254
    
    
    $
    577,825
 7




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##### Table of Contents



GuarantorParent
    
    subsidiaries
    
    TotalAssetsCurrent assets:Cash and equivalents
    
    $
    
    
    
    $
    27,364
    
    
    $
    27,364Accounts and notes receivable, net
    
    
    
    
    
    
    22,153
    
    
    
    22,153Inventories
    
    
    
    
    
    
    132,758
    
    
    
    132,758Prepaid expenses
    
    
    
    
    
    
    6,619
    
    
    
    6,619Recoverable income taxes
    
    
    841
    
    
    
    
    
    
    
    841Total current assets
    
    
    841
    
    
    
    188,894
    
    
    
    189,735Property and equipment, less allowances for depreciation
    
    
    37,919
    
    
    
    269,897
    
    
    
    307,816Other assets
    
    
    2,841
    
    
    
    46,476
    
    
    
    49,317Total Assets
    
    $
    41,601
    
    
    $
    505,267
    
    
    $
    546,868Liabilities and Shareholders EquityCurrent liabilities:Accounts payable
    
    $
    
    
    
    $
    75,786
    
    
    $
    75,786Accrued liabilities
    
    
    12,581
    
    
    
    42,360
    
    
    
    54,941Current maturities of long-term liabilities
    
    
    1,754
    
    
    
    46,690
    
    
    
    48,444Total current liabilities
    
    
    14,335
    
    
    
    164,836
    
    
    
    179,171Long-term liabilities:Long-term debt
    
    
    110,504
    
    
    
    22,764
    
    
    
    133,268Capital lease obligations
    
    
    
    
    
    
    27,212
    
    
    
    27,212Pension and post-retirement benefits
    
    
    47,994
    
    
    
    4,235
    
    
    
    52,229Total long-term liabilities
    
    
    158,498
    
    
    
    54,211
    
    
    
    212,709Deferred items:Income taxes
    
    
    8,823
    
    
    
    
    
    
    
    8,823Gains from sale/leasebacks
    
    
    2,162
    
    
    
    14,325
    
    
    
    16,487Other
    
    
    
    
    
    
    5,363
    
    
    
    5,363Total deferred items
    
    
    10,985
    
    
    
    19,688
    
    
    
    30,673Amounts due parent from subsidiaries
    
    
    (141,381
    )
    
    
    141,381
    
    
    
    Shareholders Equity:Common stock, Classes A and B
    
    
    26,630
    
    
    
    
    
    
    
    26,630Retained earnings
    
    
    5,739
    
    
    
    125,151
    
    
    
    130,890Cost of common stock in treasury
    
    
    (15,755
    )
    
    
    
    
    
    
    (15,755
    )Deferred cost  restricted stock
    
    
    (137
    )
    
    
    
    
    
    
    (137
    )Notes receivable  stock purchases
    
    
    (11
    )
    
    
    
    
    
    
    (11
    )Accumulated other comprehensive loss
    
    
    (17,302
    )
    
    
    
    
    
    
    (17,302
    )Total shareholders equity
    
    
    (836
    )
    
    
    125,151
    
    
    
    124,315Total Liabilities and Shareholders Equity
    
    $
    41,601
    
    
    $
    505,267
    
    
    $
    546,868
 8




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##### Table of Contents



Guarantor
    
    ConsolidatingParent
    
    subsidiaries
    
    entries
    
    TotalTotal revenues
    
    $
    1,305
    
    
    $
    409,780
    
    
    $
    (1,305
    )
    
    $
    409,780Cost of merchandise sold, including warehousing
and transportation, excluding depreciation
    
    
    
    
    
    
    287,354
    
    
    
    
    
    
    
    287,354Gross profit
    
    
    1,305
    
    
    
    122,426
    
    
    
    (1,305
    )
    
    
    122,426Selling, general and administrative
    
    
    771
    
    
    
    111,599
    
    
    
    (1,305
    )
    
    
    111,065Depreciation
    
    
    378
    
    
    
    5,594
    
    
    
    
    
    
    
    5,972Operating income
    
    
    156
    
    
    
    5,233
    
    
    
    
    
    
    
    5,389Interest and debt expense
    
    
    449
    
    
    
    3,998
    
    
    
    
    
    
    
    4,447Other non-operating income
    
    
    (119
    )
    
    
    
    
    
    
    
    
    
    
    (119
    )Income (loss) before income taxes
    
    
    (174
    )
    
    
    1,235
    
    
    
    
    
    
    
    1,061Income taxes (benefit)
    
    
    (62
    )
    
    
    449
    
    
    
    
    
    
    
    387Net income (loss)
    
    $
    (112
    )
    
    $
    786
    
    
    $
    
    
    
    $
    674
  Guarantor
    
    ConsolidatingParent
    
    subsidiaries
    
    entries
    
    TotalTotal revenues
    
    $
    1,152
    
    
    $
    399,833
    
    
    $
    (1,133
    )
    
    $
    399,852Cost of merchandise sold, including warehousing
and transportation, excluding depreciation
    
    
    
    
    
    
    281,123
    
    
    
    
    
    
    
    281,123Gross profit
    
    
    1,152
    
    
    
    118,710
    
    
    
    (1,133
    )
    
    
    118,729Selling, general and administrative
    
    
    529
    
    
    
    106,643
    
    
    
    (1,133
    )
    
    
    106,039Depreciation
    
    
    320
    
    
    
    5,465
    
    
    
    
    
    
    
    5,785Operating income
    
    
    303
    
    
    
    6,602
    
    
    
    
    
    
    
    6,905Interest
    
    
    420
    
    
    
    3,863
    
    
    
    
    
    
    
    4,283Income (loss) before income taxes
    
    
    (117
    )
    
    
    2,739
    
    
    
    
    
    
    
    2,622Income taxes (benefit)
    
    
    (42
    )
    
    
    1,046
    
    
    
    
    
    
    
    1,004Net income (loss)
    
    $
    (75
    )
    
    $
    1,693
    
    
    $
    
    
    
    $
    1,618
 9




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##### Table of Contents



GuarantorParent
    
    subsidiaries
    
    TotalNet cash provided by operating activities
    
    $
    1,501
    
    
    $
    3,520
    
    
    $
    5,021Net cash used for investing activities
    
    
    (10
    )
    
    
    (14,493
    )
    
    
    (14,503
    )Financing activities:Proceeds of long-term borrowings
    
    
    
    
    
    
    55,000
    
    
    
    55,000Repayments of long-term debt and capital leases
    
    
    (401
    )
    
    
    (25,086
    )
    
    
    (25,487
    )Cash dividends paid
    
    
    (1,038
    )
    
    
    
    
    
    
    (1,038
    )Purchase of common shares for treasury
    
    
    (466
    )
    
    
    
    
    
    
    (466
    )Other financing activities
    
    
    414
    
    
    
    
    
    
    
    414Net cash provided by (used for) financing activities
    
    
    (1,491
    )
    
    
    29,914
    
    
    
    28,423Net increase in cash and equivalents
    
    
    
    
    
    
    18,941
    
    
    
    18,941Cash and equivalents at beginning of period
    
    
    
    
    
    
    27,364
    
    
    
    27,364Cash and equivalents at end of period
    
    $
    
    
    
    $
    46,305
    
    
    $
    46,305
  GuarantorParent
    
    subsidiaries
    
    TotalNet cash provided by operating activities
    
    $
    2,265
    
    
    $
    7,877
    
    
    $
    10,142Net cash used for investing activities
    
    
    (284
    )
    
    
    (13,271
    )
    
    
    (13,555
    )Financing activities:Proceeds of long-term borrowings
    
    
    
    
    
    
    30,000
    
    
    
    30,000Proceeds of sale leasebacks
    
    
    
    
    
    
    10,810
    
    
    
    10,810Repayments of long-term debt and capital leases
    
    
    (235
    )
    
    
    (21,363
    )
    
    
    (21,598
    )Cash dividends paid
    
    
    (1,032
    )
    
    
    
    
    
    
    (1,032
    )Purchase of common shares for treasury
    
    
    (794
    )
    
    
    
    
    
    
    (794
    )Other financing activities
    
    
    80
    
    
    
    19
    
    
    
    99Net cash provided by (used for) financing activities
    
    
    (1,981
    )
    
    
    19,466
    
    
    
    17,485Net increase in cash and equivalents
    
    
    
    
    
    
    14,072
    
    
    
    14,072Cash and equivalents at beginning of period
    
    
    
    
    
    
    27,584
    
    
    
    27,584Cash and equivalents at end of period
    
    $
    
    
    
    $
    41,656
    
    
    $
    41,656
 10




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##### Table of Contents



Note F  Employee Benefit Plans
  Pension
    
    Post-retirementJune 25,
    
    June 19,
    
    June 25,
    
    June 19,2005
    
    2004
    
    2005
    
    2004Service cost
    
    $
    280
    
    
    $
    223
    
    
    $
    123
    
    
    $
    120Interest cost
    
    
    1,077
    
    
    
    1,039
    
    
    
    60
    
    
    
    63Expected return on plan assets
    
    
    (718
    )
    
    
    (763
    )
    
    
    
    
    
    
    Recognized actuarial loss
    
    
    399
    
    
    
    365
    
    
    
    13
    
    
    
    9Amortization of prior service cost
    
    
    85
    
    
    
    85
    
    
    
    (11
    )
    
    
    (5
    )Benefit cost
    
    $
    1,123
    
    
    $
    949
    
    
    $
    185
    
    
    $
    187
 Note G  Stock Repurchase Program
  Note H  Contingencies
  Note I  Recent Accounting Pronouncements
    11




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##### Table of Contents



Item 2.
Managements Discussion and Analysis of Financial Condition
and Results of Operations
 General
  Business Overview
  Market Trends
   Management Focus
    12




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##### Table of Contents



Results of Operations
   First QuarterPercent of Revenues
    
    Percent2006
    
    2005
    
    ChangeTotal revenues
    
    
    100.0
    %
    
    
    100.0
    %
    
    
    2.5
    %Gross profit
    
    
    29.9
    %
    
    
    29.7
    %
    
    
    3.1
    %Selling, general and administrative
    
    
    27.1
    %
    
    
    26.5
    %
    
    
    4.7
    %Depreciation
    
    
    1.5
    %
    
    
    1.4
    %
    
    
    3.2
    %Operating income
    
    
    1.3
    %
    
    
    1.7
    %
    
    
    (22.0
    %)Interest
    
    
    1.1
    %
    
    
    1.1
    %
    
    
    3.8
    %Other non-operating income
    
    
    
    
    
    
    
    
    
    
    n/mIncome taxes
    
    
    0.1
    %
    
    
    0.3
    %
    
    
    (61.5
    %)Net income
    
    
    0.2
    %
    
    
    0.4
    %
    
    
    (58.3
    %)
    Total Revenues
   2006
    
    2005Total revenues
    
    $
    409.8
    
    
    $
    399.9Less non-supermarket and c-store sales
    
    
    30.8
    
    
    
    26.8Comparable supermarket and convenience store sales
    
    
    379.0
    
    
    
    373.1Less comparable stores gasoline sales
    
    
    41.1
    
    
    
    37.1Comparable supermarket and convenience store
sales excluding gasoline
    
    $
    337.9
    
    
    $
    336.0
 Gross Profit
  13




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##### Table of Contents



Selling, General and Administrative Expenses
  Depreciation Expense
  Interest Expense
  Other Non-operating Income
  Income Taxes
  Pension and Post-retirement Benefits
  Capital Expenditures
    14




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##### Table of Contents



Liquidity and Capital Resources
   Critical Accounting Policies and Estimates
       15




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##### Table of Contents



Cautionary Note Regarding Forward-Looking Statements
  
 Item 3. Quantitative and Qualitative Disclosures About Market Risk
  
 Item 4. Disclosure Controls and Procedures
 Evaluation of Disclosure Controls and Procedures
  Internal Control over Financial Reporting
  16




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##### Table of Contents



PART II  OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  Class A shares
    
    Class B shares
    
    RemainingAverage
    
    
    
    
    
    Average
    
    Amount AuthorizedBegin
    
    End
    
    Number
    
    price
    
    Number
    
    price04/03/05
    
    05/02/05
    
    
    57
    
    
    
    12.15
    
    
    
    36,948
    
    
    
    12.60
    
    
    $3.3 millionTotal
    
    
    
    
    57
    
    
    
    12.15
    
    
    
    36,948
    
    
    
    12.60
  
 Item 3. Defaults upon Senior Securities
  
 Item 4. Submission of Matters to a Vote of Security Holders
  
 Item 5. Other Information
  
 Item 6. Exhibits
  10
    
    Summary of Management Incentive Plan31.1
    
    Rule 13(a)-14(a)/15(d)-14(a) Certification of Don E. Marsh.31.2
    
    Rule 13(a)-14(a)/15(d)-14(a) Certification of John C. Elbin32.1
    
    Section 1350 Certification of Don E. Marsh.32.2
    
    Section 1350 Certification of John C. Elbin
 17




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##### Table of Contents



SIGNATURES
  MARSH SUPERMARKETS, INC.August 4, 2005
    
    By:
    
    /s/ John C. ElbinJohn C. Elbin, Chief Financial OfficerAugust 4, 2005
    
    By:
    
    /s/ Mark A. VarnerMark A. VarnerChief Accounting OfficerVice President  Corporate Controller
 18