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) May 29, 1997
KRANTOR CORPORATION
Delaware 0-19409 22-2993066
- -------- ------- ----------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number identification no.)
incorporation or
organization)
120 East Industry Court, Deer Park, New York 11729
--------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (516) 586-7500
Page 1 of 3 Pages
Exhibit Index on Page 2
<PAGE>
ITEM 5. OTHER EVENTS
On May 20, 1997, the Supreme Court - State of New York (Nassau County) rendered
a decision confirming an arbitration award to Paul Aronin and Seth Aronin, two
former employees of Krantor Corporation, which award was granted in September
1996 in the aggregate amount of approximately $468,000. Registrant continues to
pursue legal action they have instituted against the same parties for what the
Registrant claims is significant damage to its business and the business of its
subsidiary, Affiliated Island Grocers, Inc. (dba Island Frozen and Dairy), and
continues to seek settlement on all such related matters. If the Registrant is
made to satisfy the judgment of the said parties in full, such may have a
significant adverse effect on the financial status of the Registrant.
ITEM 7. FINANCIAL STATEMENTS PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
No financial statements or exhibits are being provided herewith.
-2-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on his behalf by the
undersigned hereunto duly authorized.
KRANTOR CORPORATION
By: /s/ Mitchell Gerstein
--- ---------------------
Mitchell Gerstein, Vice Pres.
Dated: June 10, 1997
-3-
<PAGE>
