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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): December 22, 1999
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WESTERN BEEF, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-4485 13-3266114
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
47-05 Metropolitan Avenue
Ridgewood, New York 11385
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (718) 417-3770
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Item 1. Changes in Control of Registrant
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On December 22, 1999, Western Beef, Inc. (the "Company") and Cactus
Acquisition, Inc. ("Cactus") consummated a merger of Cactus with and into the
Company (the "Merger"), with the Company as the surviving corporation. The
Merger was effected pursuant to an Agreement and Plan of Merger, dated as of
July 29, 1999 between the Company and Cactus, (the "Merger Agreement"). As a
result of the Merger, each issued and outstanding share of common stock, par
value $.05 per share, of the Company (other than shares owned by Cactus) has
been converted into the right to receive $8.75 in cash.
Additional information regarding the Merger, including a description
thereof and other matters, is included in the Company's Proxy Statement on
Schedule 14A which was filed with the Securities and Exchange Commission on
November 1, 1999 (the "Proxy Statement") and provided to the Company's
stockholders. The Proxy Statement is hereby incorporated by reference in this
Current Report on Form 8-K.
A portion of consideration paid in the Merger was obtained through a loan
from North Fork Bank . The commitments for such loans are described in the Proxy
Statement.
A copy of the press release issued by the Company on December 22, 1999 in
respect of the consummation of the Merger is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
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Item 7. Financial Statements and Exhibits
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(a) Financial Statements of business acquired: None
(b) Pro Forma Financial Information: None
(c) Exhibits:
99.1 Press Release issued by the Company on December 22, 1999.
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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.
Western Beef, Inc.
Dated: December 22, 1999 By: /s/ Peter Castellana, Jr.
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Name: Peter Castellana, Jr.
Title: President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued by the Company on December 22, 1999.
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[Letterhead of Western Beef]
Contact: Thomas Moranzoni
Chief Financial Officer
Western Beef, Inc.
(718) 417-3770
FOR IMMEDIATE RELEASE:
WESTERN BEEF, INC. CLOSES MERGER AND PURCHASES
OUTSTANDING PUBLIC SHARES AT $8.75 PER SHARE
RIDGEWOOD, NY, December 22, 1999--Western Beef, Inc. (Nasdaq: BEEF)
announced today that it has closed its previously announced going private merger
with Cactus Acquisition, Inc. As a result of the merger, all shares of Western
Beef common stock, other than shares owned by Cactus, will be converted into the
right to receive $8.75 per share in cash. Letters of transmittal for submission
of stock certificates by brokers, dealers and other registered owners will be
distributed promptly.
