UNITED STATES
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): September 18, 2000
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SFAC New Holdings, Inc.
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(Exact name of registrant as specified in its charter)
State of Delaware 33-383149 52-2173534
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(State or other jurisdiction (Commission FileNo.) (I.R.S. Employer
of incorporation or organization) Identification No.)
520 Lake Cook Road, Suite 550, Deerfield, IL 60015
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 405-5300
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ITEM 5. OTHER EVENTS
Consistent with the Form 8-K issued on September 14, 2000,
SFC New Holdings, Inc. (the "Company") announced today that
GWI Holdings, Inc. and certain of its non-operating
affiliates (including SFC New Holdings and SFAC New
Holdings) have filed a proceeding under Chapter 11 of the
United States Bankruptcy Code (the "Code") in order to
consummate the previously announced sale of
MA Holdings and its subsidiaries (the "Cookie
Business") to Parmalat SpA. None of the Company's
operating subsidiaries are a part of the filing.
The Company intends to complete the sale of the Cookie
Business pursuant to Section 363 of the Code in
approximately 30 to 60 days and anticipates that it will
consummate a plan of reorganization within approximately 90
days. The plan will provide for the wind down of the
Company and the distribution of the proceeds from the sale
of the Cookie Business and any remaining assets to the
Company's stakeholders in accordance with the provisions of
the agreement previously signed with the Company's
bondholders.
SIGNATURES
Pursuant to requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
SFAC NEW HOLDINGS, INC
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(Registrant)
Date: September 18, 2000 By: /s/ Robert L. Fishbune
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Robert L. Fishbune
Vice President and Chief
Financial Officer
