MARKETING SPECIALISTS CORP
8-K, 2000-07-21
GROCERIES, GENERAL LINE
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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):
July 6, 2000

Marketing Specialists Corporation
(Exact name of registrant as specified in its charter)

 

Delaware
(State or other
jurisdiction of
incorporation or
organization)

0-24667
(Commission
file number)

04-3411833
(IRS employer
identification no.)

 

17855 N. Dallas Parkway, Suite 200
Dallas, Texas
75287
(Address and zip code of principal executive offices)

Registrant's telephone number, including area code:
(972) 349-6200

______________________________________

Merkert American Corporation
490 Turnpike Street
Canton, Massachusetts 02021
(Former name and address)

_____________________________________________________________________________

Item 5.  Other Events

          The Registrant reports that a lawsuit was filed on June 8, 2000 in the Delaware Court of Chancery by William Brown, III on behalf of the minority stockholders, alleging that the Registrant's Board of Directors violated its fiduciary duty by failing to disclose material information to the stockholders about the proposed sale of the Registrant to the majority stockholder. The putative plaintiff class representative further alleges that the per share offer price is unfairly low for the purpose of decreasing the cost of the purchase for the majority stockholder, Richmont Capital Partners I, L.P. ("RCPI"). The plaintiffs ask for the enjoinder of the sale of the Registrant to RCPI or the rescission of the contract and the awarding of rescission damages if the suit is resolved after the sale occurs.

______________________________________________________________________________

SIGNATURE

          Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

MARKETING SPECIALISTS CORPORATION

   
   
 

By:  /S/ TIMOTHY M. BYRD
     ________________________________
     Timothy M. Byrd
     Chief Financial Officer

Date:  July 6, 2000



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