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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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 19, 1998
Packaging Resources Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 333-05885 36-3321568
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Conway Park
100 Field Drive, Suite 300
Lake Forest, Illinois 60045
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 295-6100
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No Change
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(Former name or former address, if changed since last report)
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PACKAGING RESOURCES INCORPORATED
ITEM 5: Other Events:
Packaging Resources Incorporated (the "Company") and the Yoplait
U.S.A. division ("Yoplait") of General Mills, Inc. ("General Mills") have agreed
that the Company will continue to serve as the sole supplier of Yoplait's six
ounce yogurt container until June 30, 2000. Yoplait has advised the Company
that based on its decision to introduce a new packaging design, the Company will
no longer serve as the supplier for such containers after June 30, 2000. The
Yoplait six ounce containers accounted for approximately 22% of the Company's
net sales during the nine months ended November 30, 1997. Under the terms of
its agreement, Yoplait has committed to purchase annual unit volumes higher than
1997 levels.
The Company and Yoplait also have agreed that the Company will
continue to serve as the sole supplier of Yoplait's four ounce container until
June 30, 2000. Yoplait has advised the Company that it intends to continue to
use the Company as its supplier for such containers beyond June 30, 2000.
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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 thereunto duly authorized.
PACKAGING RESOURCES INCORPORATED
(Registrant)
Dated: January 26, 1998
By: /s/ Jerry J. Corirossi
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Name: Jerry J. Corirossi
Title: Vice President, Finance and Administration and
Chief Financial Officer