FORM 8-K
Securities and Exchange Commission
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 1, 1998
BAYWOOD INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 33-10236 77-0125664
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(State or other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
14950 North 83rd Place, Suite 1, Scottsdale, Arizona 85260
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code: (602) 951-3956
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ITEM 5. OTHER EVENTS
On October 1, 1998, the Company formally entered into a written
agreement with St. Anthony's Parish of Somerville, Massachusetts and other
plaintiffs to settle all of the plaintiffs' claims against the Company in the
case of ST.ANTHONY'S PARISH OF SOMERVILLE, MASSACHUSETTS, et.al., V. KRYSTAL
KLEER, INC., et.al. Plaintiffs sought compensatory and punitive damages against
the Company and other defendants of approximately of $1,200,000. The settlement
requires the Company to pay $100,000 in cash over the next year. The settlement
payments will be secured by a pledge of the Company's common stock. Upon
execution of the settlement documents, all of the plaintiffs' claims against the
Company were dismissed with prejudice.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
TUESDAY, OCTOBER 20, 1998
BAYWOOD INTERNATIONAL, INC.
By: /s/ Neil T. Reithinger
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Neil T. Reithinger, President
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