SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 2O549
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):
January 5, 1999 (January 4, 1999)
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DOUGHTIE'S FOODS, INC.
(Exact name of Registrant as specified in its charter)
VIRGINIA 0-7166 54-0903892
(State or other jurisdiction (Commission (I.R.S. employer
of incorporation) File Number) identification number)
2410 WESLEY STREET, PORTSMOUTH, VIRGINIA 23707
(Address of principal executive offices)
(757) 393-6007
(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
Item 5. Other Events
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On January 4, 1999, the Registrant announced that its Board of Directors has
engaged the investment banking firm of Mann, Armistead & Epperson, Ltd.,
Richmond, Virginia, for the purpose of attempting to maximize shareholder value,
and has directed Mann, Armistead & Epperson to examine the Registrant's options,
including the possibility of a sale of the Company. In this connection, on
January 4, 1999, the Registrant issued a Press Release entitled, "Doughtie's
Announces Engagement of Financial Advisor," a copy of which is attached hereto
as Exhibit 99.1 and made a part hereof.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(C). Exhibits
99.1 Press Release issued by Doughtie's Foods, Inc. dated January 4,
1999, entitled, "Doughtie's Announces Engagement of Financial
Advisor."
<PAGE>
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.
DOUGHTIE'S FOODS, INC.
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Registrant
/s/ Marion S. Whitfield, Jr.
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January 5, 1999 By: Marion S. Whitfield, Jr.
Senior Vice President
EXHIBIT 99.1
DOUGHTIE'S FOODS, INC.
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NASDAQ SMALLCAP
MARKET SYMBOL DOBQ
For Further Information Contact:
Marion S. Whitfield
(757) 399-2451
DOUGHTIE'S ANNOUNCES ENGAGEMENT OF FINANCIAL ADVISOR
PORTSMOUTH, VA, January 4, 1999. Vernon W. Mules, Chairman of the Board of
Doughtie's Foods, Inc., the Portsmouth-based food distribution firm, announced
today that in response to certain recent inquiries by outside third parties, the
Board of Directors of the Company has engaged the investment banking firm of
Mann, Armistead & Epperson, Ltd., Richmond, Virginia, for the purpose of
attempting to maximize shareholder value, and has directed Mann, Armistead &
Epperson, Ltd. to examine the Company's options, including the possibility of a
sale of the Company.
Mann, Armistead & Epperson, Ltd. has contacted certain parties which are
thought to have an interest in a possible transaction with the Company. As of
this date, no formal offer has been made by any of such parties. Mann, Armistead
& Epperson, Ltd. expects that it may contact other parties if it and the Company
determine that such contacts are in the Company's best interests.
The Company does not necessarily intend to update this release as new
information becomes available.
Doughtie's Foods, founded in 1952, distributes a full line of institutional
food products in Virginia, Maryland, North Carolina and Delaware.
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Doughtie's Foods, Inc. - 2410 Wesley Street - P.O. Box 7229 - Portsmouth, Va. -
(757)399-2451
