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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) OCTOBER 13, 2000
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CONSUMERS U.S., INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
333-31363-01 22-2874087
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(Commission File Number) (I.R.S. Employer Identification No.)
3140 Williams Flinn Highway, Allison Park, Pennsylvania, 15101
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(Address of Principal Executive Offices) (Zip Code)
412-486-9100
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On October 13, 2000, certain stockholders of Anchor Glass Container
Corporation ("Anchor"), specifically Comac Partners, L.P., Comac Endowment Fund,
L.P., Comac Opportunities Fund, L.P., Comac International, N.V., Carl Marks
Strategic Investments, LP, Carl Marks Strategic Investments II, LP, Varde
Partners, L.P., Varde Fund (Cayman) Ltd., Pequod Investments, L.P., Pequod
International Ltd., Cerberus Partner L.P. and Cerberus International Ltd.
(collectively, the "Plaintiffs"), commenced a shareholder derivative action
against certain of Anchor's directors, officers, Consumers U.S., Inc. (the
"Company") and certain other related entities in The Court of Chancery of the
State of Delaware in and for New Castle County. The action seeks recovery to
Anchor, which is named as a party to the action in the capacity of a nominal
defendant, for damages Plaintiffs allege Anchor suffered through breach of
fiduciary duties, unjust enrichment and usurpation of a corporate opportunity of
Anchor. Plaintiffs claim that Anchor has suffered unspecified damages but which
are "believed to be in excess of $50 million," and seek judgment, among other
things requiring the defendants to pay to Anchor the amounts by which Anchor has
been allegedly harmed. The Company believes that it has meritorious defenses to
the Plaintiffs' claims in the action and intends to conduct a vigorous defense.
The Company has been advised by the other defendants against whom recovery is
sought that they likewise believe that they have meritorious defenses to the
Plaintiffs' claims and also intend to conduct a vigorous defense.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CONSUMERS U.S., INC.
By: /s/ C. Kent May
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Name: C. Kent May
Title: Secretary
Date: October 23, 2000
