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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
September 16, 1995
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EPITOPE, INC.
(Exact name of Registrant as specified in charter)
Oregon
(State or other jurisdiction of incorporation)
1-10492
(Commission File No.)
93-0779127
(IRS Employer Identification No.)
8505 S.W. Creekside Place
Beaverton, Oregon 97008
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(503) 641-6115
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Item 5. Other Events.
On September 16, 1995, at a shareholders meeting of Vinifera, Inc.
("Vinifera"), shareholders accepted the resignation of one director
affiliated with VF Holdings, Inc. ("VF") and elected two directors affiliated
with Agritope, Inc. ("Agritope"), a wholly owned subsidiary of the
Registrant. As a result of the changes in directors, the Vinifera board is
composed of six members, including the President and Chief Executive Officer
of Vinifera, who will act as chairman of the board of directors, three
directors affiliated with Agritope and two affiliates of VF.
As previously disclosed, VF has agreed to purchase the interest of
Agritope in Vinifera for $3.9 million which was due on June 15, 1995, $2.0
million due in November 1995 and up to $5 million in earnout payments based
on gross profits of Vinifera. At the shareholders meeting, representatives
of VF advised representatives of Agritope, that, due to a default on a
funding commitment to VF, it was presently unable to make the $3.9 million
payment, which had been rescheduled to August 31, 1995. Agritope has now
extended the due date for that payment to October 31, 1995.
VF has now paid a total of $500,000 in capital contributions to
Vinifera to support Vinifera's operations. Agritope discontinued funding of
Vinifera on June 1, 1995, the effective date of the agreement to sell its
interest in Vinifera to VF.
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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.
EPITOPE, INC.
By: /s/Gilbert N. Miller
Gilbert N. Miller
Executive Vice President
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