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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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 19, 2000
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FRESH FOODS, INC.
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 0-7277 56-0945643
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
9990 Princeton Road
CINCINNATI, OH 45246
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (800) 543-1604
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Item 5. Other Events.
On June 19, 2000, Fresh Foods, Inc. (Nasdaq: FOOD) (the "Company")
received notification from the Nasdaq Stock Market ("Nasdaq") that Nasdaq is
currently reviewing the Company's eligibility for continued listing on the
Nasdaq National Market. Nasdaq indicated that the Company no longer meets the
"minimum net tangible assets requirement" as set forth in Maintenance Standard I
of Marketplace Rule 4450(a)(3). The Company acknowledges that it does not meet
the requirement and will not appeal a Nasdaq decision to delist its common stock
from the Nasdaq National Market.
Nasdaq also informed the Company that its common stock may be eligible
to be listed on the Nasdaq SmallCap Market. The Company is taking all necessary
and appropriate steps to list its common stock on the Nasdaq SmallCap Market and
is working toward a smooth transition from the Nasdaq National Market with no
gap in trading activity. Although the Company believes that it can satisfy all
requirements for inclusion in the SmallCap Market, there can be no assurance
that Nasdaq will approve the Company's application, nor that a transition to the
SmallCap Market will occur before delisting from the National Market is
effective.
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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 hereunto duly authorized.
FRESH FOODS, INC.
/s/ David R. Clark
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David R. Clark
Vice Chairman of the Board
June 26, 2000
