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): May 17, 1996
INTERNATIONAL MULTIFOODS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-6699 41-0871880
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
33 South 6th Street, Minneapolis, Minnesota 55402
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 340-3300
Not applicable
(Former name or former address, if changed since last report)
Item 5. Other Events.
On May 17, 1996, International Multifoods Corporation (the
"Company") announced that Anthony Luiso had resigned from the office of
Chairman, President and Chief Executive Officer of the Company,
effective immediately. Mr. Luiso also resigned as a member of the Board
of Directors of the Company. The Company also announced that the Board
of Directors had elected, in the interim, board member Robert M. Price
as Chairman and Chief Executive Officer of the Company. See the
Company's press release dated May 17, 1996, attached hereto as Exhibit
99.1, which is incorporated by reference in this Current Report on Form
8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press release of International Multifoods Corporation dated
May 17, 1996.
SIGNATURE
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.
INTERNATIONAL MULTIFOODS CORPORATION
Date: May 20, 1996 By /s/ Duncan H. Cocroft
Duncan H. Cocroft
Vice President - Finance and
Chief Financial Officer
EXHIBIT INDEX
99.1 Press release of International Multifoods Corporation dated
May 17, 1996.
EXHIBIT 99.1
[MULTIFOODS LOGO]
NEWS RELEASE
FOR IMMEDIATE RELEASE Contact: Jill Schmidt (media)
(612) 340-3755
Tony Brausen (investors)
(612) 340-3621
MULTIFOODS CEO STEPS DOWN
MINNEAPOLIS, May 17 - International Multifoods Corp. (NYSE: IMC)
today said that the board of directors has accepted the resignation of
Chairman, President and Chief Executive Officer Anthony Luiso, effective
immediately. Luiso said that he and the board had agreed that a
transition in leadership is appropriate at this time. Luiso also
resigned as a member of the board.
At a special meeting today to accept Luiso's resignation, the
board authorized the immediate initiation of an external search for
a new chief executive officer. The board of directors also elected,
in the interim, senior board member Robert M. Price as chairman and chief
executive officer.
At the same meeting, the board took steps to oversee a smooth
transition by creating an office of the chairman. The executives
comprising the office of the chairman include Robert Price; Robert F.
Maddocks, executive vice president; Duncan H. Cocroft, vice president,
finance, and chief financial officer; and Robert S. Wright, corporate
vice president and president, Bakery Segment.
Minneapolis-based Multifoods operates in three businesses:
foodservice distribution in the United States; bakery products
in the United States and Canada; and bakery and agricultural
products in Venezuela.
# # #
1996
33 South 6th Street - P.O. Box 2942 - Minneapolis, MN 55402-0942
