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UNITED STATES
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): November 30, 1999
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Atlantic Premium Brands, Ltd.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-13747 36-3761400
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(State or Other Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
650 Dundee Road, Suite 370, Northbrook, Illinois 60062
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 412-6200
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ITEM 5. OTHER EVENTS.
On November 30, 1999, Atlantic Premium Brands, Ltd. (the "Company")
announced that its Board of Directors authorized the purchase of up to $.5
million of the Company's common stock in the open market or in privately
negotiated transactions. On November 30, 1999, the Company issued the press
release attached as Exhibit 99 to this Current Report on Form 8-K announcing
this stock repurchase program. The information contained in this press release
is incorporated herein by reference.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
99 Press Release of the Company dated November 30, 1999*
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* Filed herewith.
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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.
ATLANTIC PREMIUM BRANDS, LTD.
By: /s/ Thomas M. Dalton
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Name: Thomas M. Dalton
Title: Senior Vice President and
Chief Financial Officer
Dated as of December 7, 1999.
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Exhibit Index
Exhibit # Description
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99 Press Release of the Company dated November 30, 1999*
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* Filed herewith.
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EXHIBIT 99
FOR IMMEDIATE RELEASE
ATLANTIC PREMIUM BRANDS, LTD. ANNOUNCES
STOCK REPURCHASE PROGRAM
Northbrook, Illinois, November 30, 1999 - Atlantic Premium Brands, Ltd.
(AMEX: ABR) announced today that its Board of Directors has authorized the
purchase of up to $.5 million of the company's common stock. Purchases will be
made from time to time in the open market or in privately negotiated
transactions as market conditions warrant.
"We believe in our strategy and in our ability to execute it in a
timely manner. As a result, we think buying back Atlantic Premium Brands stock
is an excellent investment for shareholders," said Alan F. Sussna, Chief
Executive Officer. "At the same time we believe our current and projected cash
and debt positions provide flexibility to make new investments, execute the
stock repurchase program, and maintain sound financial integrity."
Atlantic Premium Brands, Ltd., through its operations in Texas,
Louisiana, Kentucky and Oklahoma, manufactures, markets and distributes food
products for customers in a twelve-state region. Through its operations, the
Company markets and distributes its own branded processed meat products under
brand names including Blue Ribbon, J.C. Potter, Richard's, Carlton, Grogan's
Farm, Partin's Country Sausage, Texas Traditions, Favorite Country Recipes, and
Cajun Favorites.
Atlantic Premium Brands, Ltd. wants to provide stockholders and
investors with meaningful and useful information. Therefore, this press release
contains forward-looking information, describes the Company's belief concerning
future business conditions, and the outlook of the Company based on currently
available information. Whenever possible, the Company has identified these
"forward looking" statements by words such as "ability to," "projected,"
"believe," and similar expressions. These forward looking statements are subject
to risks and uncertainties which could cause the Company's actual results or
performance to differ materially from those expressed in these statements. These
risks and uncertainties include the following: risks associated with the
acquisitions including the integration of acquired businesses, new product
development and other aspects of the Company's business strategy; uncertainty as
to evolving consumer preferences: customer and supplier concentration; the
impact of competition; and sensitivity to such factors as weather and raw
material costs. Readers are encouraged to read the Company's Annual Report on
Form 10-K, its Current Report on Form 8-K date June 4, 1997 and other reports
filed with the Securities and Exchange Commission for a more complete
description of these factors. The Company assumes no obligation to update the
information contained in this press release.
Contact: Thomas M. Dalton, Sr. Vice President & Chief Financial Officer
Telephone: 847-412-6200
Website: http://www.atlprem.com
