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
January 12, 1996
Date of Report
(Date of earliest event reported)
FLEMING COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Oklahoma 1-8140 48-0222760
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification
6301 Waterford Boulevard, Box 26647
Oklahoma City, Oklahoma 73126
(Address of Principal Executive Offices)
(405) 840-7200
Registrant's telephone number,
including area code
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Item 5. Other Events.
The Company has completed the foreclosure of its security
interest in the assets of ABCO Holding, Inc., and its subsidiary,
ABCO Markets, Inc., a 71-store grocery chain customer located in
Arizona. Substantially all of ABCO's assets were pledged to the
Company to secure several million dollars of loans, accounts and
other obligations arising under various agreements. At a public
sale held on January 9, 1996, the Company was the successful bidder
and acquired all of the pledged assets in satisfaction of $66
million of such obligations. The financial position and results of
operation of ABCO Markets are not material to the Company.
On January 3, 1996, certain shareholders of ABCO Holding
filed suit in Delaware naming Fleming and certain members of ABCO's
board of directors, including a senior officer of Fleming, as
defendants. The lawsuit alleges, among other things, that Fleming
and each of the individual defendants breached their respective
fiduciary duties of care, loyalty and good faith resulting in the
foreclosure and the corresponding injury to the plaintiff
shareholders. The Company will vigorously defend against the
lawsuit.
Fleming anticipates that neither the foreclosure nor the
litigation will result in a material adverse effect on the Company.
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.
FLEMING COMPANIES, INC.
By: /s/ Kevin J. Twomey
Vice President-Controller
Date: January 12, 1996
