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 (DATE OF EARLIEST EVENT REPORTED) JULY 2, 1998
PERRY'S MAJESTIC BEER, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-21079 11-3314168
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
Formation)
38 West 32nd Street, New York, N.Y. 10001
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 564-2260
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(Former name or former address, if changes since last report)
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Item 2. Acquisition or Disposition of Assets.
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On July 1, 1998 Perry's Majestic Beer, Inc. (the Company") entered into
an agreement to acquire assets (the "Assets") related to the Leroux Creek brand
of applesauces and applesauce blends from Leroux Creek Food Corporation (LCFC"),
for a purchase price of $650,000. At the July 1, 1998 closing the Company
delivered to LCFC $62,500 and a 9% promissory note in the amount of $587,500
payable six months from the closing. In the event the Company fails to pay the
promissory note when due the Assets and all rights to use the name Leroux Creek
will revert to LCFC, and LCFC shall be entitled to retain the $62,500 payment as
liquidated damages. The Company is presently seeking financing which will enable
it to complete payment for the Assets.
The Purchase Price was determined by negotiation between the Company
and LCFC.
Item 7. Financial Statements and Exhibits.
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b) The Registrant undertakes to file required financial statements under a
separate Form 8K/A as soon as practicable, but no later than sixty (60)
days after the date this report Form 8K is required to be filed.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly authorized and caused the undersigned to sign this
Report on the Registrant's behalf.
PERRY'S MAJESTIC BEER, INC.
By: /s/ ROBERT SIPPER
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Robert Sipper
President
Dated: July 2, 1998
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