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): January 27, 1995
DAIRY MART CONVENIENCE STORES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-12497 04-2497894
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation Number) Identification
Number)
One Vision Drive, Enfield, Connecticut 06082
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (203) 741-4444
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events
In its Form 10-Q for the fiscal quarter ended July 30, 1994,
Dairy Mart Convenience Stores, Inc. (the "Company") reported that
on September 15, 1994, it had reached an agreement in principle
with Frank Colaccino, the former President and Chief Executive
Officer of the Company, to settle certain disputes between the
Company and Mr. Colaccino and related litigation involving them, as
more fully described in such Form 10-Q. On January 27, 1995, the
Company, Mr. Colaccino and certain other parties executed
definitive documents settling the disputes and the litigation on
terms substantially the same as those described in such Form 10-Q.
In addition, the Company received an amendment to Schedule 13D
of DM Associates Limited Partnership ("DM Associates") dated
January 27, 1995, as filed with the Securities and Exchange
Commission, relating to the beneficial ownership of shares of the
Company's Class B Common Stock owned by DM Associates. The
amendment reported, among other things, that DM Associates has
appointed two new general partners and that the limited partnership
agreement of DM Associates has been amended in certain respects.
The rights and obligations of the partners of DM Associates and
other matters are more fully set forth in such amendment to the
Schedule 13D. The Company believes that the beneficial ownership of
the shares of the Company's Class B Common Stock owned of record by
DM Associates, and the terms of the Amended Limited Partnership
Agreement meet the requirements of the various lending agreements
to which the Company is a party.
As previously announced, the Company was informed that FCN
Properties, Inc., a Connecticut corporation whose principal
shareholder is Charles Nirenberg, Chairman of the Board and a
director of the Company and a limited partner and the managing
partner of the general partners of DM Associates, purchased the
interests of the Connecticut Development Authority (the "CDA") with
respect to the indebtedness due the CDA by DM Associates. FCN
Properties, Inc. has advised the Company that it has waived any
default which may have existed with respect to such indebtedness as
of January 27, 1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Dairy Mart Convenience Stores, Inc. has duly caused this
report to be signed on its behalf by the undersigned thereunto duly
authorized.
Date: February 14, 1995 DAIRY MART CONVENIENCE
STORES, INC.
By: /s/ Gregory G. Landry
Gregory G. Landry
Its Executive Vice
President and Chief
Financial Officer
