UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 22, 2000
TRIARC COMPANIES, INC.
----------------------
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-2207 38-0471180
-------- ------- ----------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
280 Park Avenue
New York, New York 10017
------------------------------------ --------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 451-3000
-----------------------------
(Former Name or Former Address, if
Changed Since Last Report)
<PAGE>
Item 5. Other Events.
On June 22, 2000, Triarc Companies, Inc. announced that its Board of
Directors has approved a plan for the Triarc Beverage Group to offer for sale,
shares of its common stock, through an initial public offering (IPO). The new
beverage company, which will be called Snapple Beverage Group, Inc., will own
Triarc's premium beverage business and its soft drink concentrates business. Net
proceeds from the offering are expected to be used to repay debt under an
existing credit facility. Completion of the offering is subject to Securities
and Exchange Commission (SEC) review, market conditions and other factors. There
can be no assurance that the registration statement relating to the IPO will be
filed, that the SEC will declare the registration statement effective or that
the proposed IPO will be consummated.
A registration statement relating to these securities has not yet been
filed with the Securities and Exchange Commission. These securities may not be
sold nor may offers to buy be accepted prior to the time the registration
statement is declared effective by the Securities and Exchange Commission. The
offering will only be made by means of a prospectus. This Current Report on Form
8-K shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such state.
A copy of the press release with respect to the proposed IPO is being
filed as an exhibit hereto.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press release dated June 22, 2000.
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 hereunto duly authorized.
TRIARC COMPANIES, INC.
Date: June 22, 2000 By: BRIAN L. SCHORR
---------------------
Brian L. Schorr
Executive Vice President
and General Counsel
<PAGE>
Exhibit Index
Exhibit
No. Description Page No.
--------- ----------- --------
99.1 Press release dated June 22, 2000.
