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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) April 12, 2000
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ODWALLA, INC.
(Exact name of registrant as specified in charter)
CALIFORNIA 0-23036 77-0096788
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
120 STONE PINE ROAD, HALF MOON BAY, CA 94019
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (650) 726-1888
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NONE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On April 12, 2000, the Registrant entered into a Mutual Release and
Settlement Agreement with New Hampshire Insurance Company regarding the
Registrant's business interruption insurance claim filed following the
Registrant's recall of certain of its products in October 1996. Under the Mutual
Release and Settlement Agreement, the Registrant will receive an aggregate of
approximately $5.5 million, net of professional fees, to be paid to the
Registrant in two installments on April 20, 2000 and June 9, 2000. In connection
with the settlement, the Registrant will dismiss its lawsuit against New
Hampshire Insurance Company filed on May 21, 1999 in the United States District
Court for the Eastern District of California in Fresno, California.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c). Exhibits
None
SIGNATURE
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.
ODWALLA, INC.
DATE: April 17, 2000 By:
/s/ James R. Steichen
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Name: James R. Steichen
Title: Senior Vice President - Finance,
and Chief Financial Officer
