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): August 23, 1996
PACKAGING RESEARCH CORPORATION
(Exact name of registrant as specified in charter)
Colorado 0-11426 84-0750762
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation File No.) Identification No.)
2582 South Tejon Street, Englewood, Colorado 80110
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (303) 936-2363
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
Item 1-2. Not Applicable.
Item 3. Mama Rizzo's, Inc. Bankruptcy.
(a) On August 23, 1996, Mama Rizzo's, Inc. ("MRI" the
"Corporation"), a Colorado corporation, and a 97.4% owned
subsidiary of Packaging Research Corporation (the "Company"), filed
a voluntary petition seeking relief under Chapter 11 of title 11 of
the Bankruptcy Code in the United States Bankruptcy Court for the
District of Colorado. The Company is debtor in possession
effective August 23, 1996.
The Corporation had assumed a substantial amount of
liabilities when it purchased Mama Rizzo's which were incurred by
the prior owners. MRI has to date not been able to generate
sufficient cash flow or raise sufficient capital to service those
obligations, and MRI is in default under a number of those
obligations, some of which have been guaranteed by the Company. As
a result, management has been considering various alternatives for
restructuring MRI, including a possible sale of that business.
Pending the completion of any such restructuring, and in order to
enable MRI to continue operations, MRI filed for Chapter 11
bankruptcy protection.
Item 4-6. Not Applicable.
Item 7. Financial Statements and Exhibits
(a)-(b) Not Applicable.
(c) Exhibits.
Not Applicable.
Item 8. Not Applicable.<PAGE>
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, thereunto duly authorized.
PACKAGING RESEARCH CORPORATION
Date: September 6, 1996 By: /s/ ROBERT H. PORTER
Name: Robert H. Porter
Title: Secretary
