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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): February 23, 1999
Agrilink Foods, Inc.
(Exact Name of Registrant as Specified in Charter)
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New York 33-56517 16-0845824
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(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)
90 Linden Oaks, Rochester, New York 14625
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(Address of Principal (Zip Code)
Executive Offices)
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Registrant's Telephone Number Including Area Code: (716) 383-1850
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Item 5. Other Events
Restructuring:
On February 26, 1999, Agrilink announced that it is restructuring its nationwide
operations to a one-company organization, effective July 1, 1999.
Agrilink employs about 5,500 people on a full time basis nationwide and this
restructuring will result in the reduction of approximately five percent of the
overall workforce. Agrilink anticipates recording a charge associated with these
restructuring activities of approximately five million dollars in its third
quarter ending March 27, 1999.
Management believes a one-company structure is critical in meeting the needs of
customers and other stakeholders. The consolidation will provide the focus
required to make the best use of all resources.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AGRILINK FOODS, INC.
Dated: March 4, 1999 By: /s/ Earl L. Powers
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Earl L. Powers,
VICE PRESIDENT FINANCE
AND CHIEF FINANCIAL OFFICER
(Principal Financial Officer
and Principal Accounting
Officer)
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