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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 19, 1997
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Monterey Pasta Company
(Exact name of registrant as specified in charter)
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Delaware 0-22534-LA 77-0227341
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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1528 Moffett Street, Salinas, California 93905
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (408) 753-6262
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(Former name or former address, if changed since last report)
This Current Report, including exhibits, contains 4 pages.
The Exhibit Index is located on page 4.
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ITEM 5. OTHER EVENTS.
Monterey Pasta Company (the "Company") recently announced the conversion
by Clearwater Fund IV, Ltd. (formerly GFL Performance Fund, Ltd.) of
$2,880,000 of Series A-1 Preferred Stock into 4,000,000 shares of Common
Stock, par value $0.001 per share, of the Company.
A copy of the press release announcing the conversion is attached as
EXHIBIT 99.1 and is incorporated by reference.
ITEM 7. EXHIBITS.
EXHIBIT NO. DESCRIPTION
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99.1 Press Release dated December 19, 1997 announcing the
conversion by Clearwater Fund IV, Ltd. of Series A-1
Preferred Stock
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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.
MONTEREY PASTA COMPANY
Date: December 23, 1997 By: /s/ Stephen L. Brinkman
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Stephen L. Brinkman
Chief Financial Officer
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EXHIBIT INDEX
SEQUENTIALLY
EXHIBIT NO. DESCRIPTION NUMBERED PAGE
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99.1 Press Release dated December 19, 1997 4
announcing the conversion by Clearwater
Fund IV, Ltd. of Series A-1 Preferred Stock
4
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For Further Information:
COFFIN COMMUNICATIONS GROUP MONTEREY PASTA COMPANY
15300 Ventura Boulevard, Ste. 303 1528 Moffett Street
Sherman Oaks, CA 91403, CA. 91302 Salinas, CA. 93905
(818) 789-0100 (408) 753-6262
CONTACT: Sanjay Sabnani CONTACT Steve Brinkman
FOR IMMEDIATE RELEASE
MONTEREY PASTA AND CLEARWATER FUND ANNOUNCES THE CONVERSION OF
PREFERRED STOCK POSITION INTO COMMON BY CLEARWATER FUND IV, LTD.
SALINAS, CA. (DECEMBER 19, 1997)-Monterey Pasta Company (NASDAQ:PSTA)
announced today the conversion by Clearwater Fund IV, Ltd. (formerly GFL
Performance Fund, Ltd.) of $2,880,000 of Series A-1 Preferred Stock into
4,000,000 shares of common stock in the Company. Statements from Monterey
Pasta and Clearwater are expected shortly.
Monterey Pasta Company manufactures and distributes a premium line of
fresh refrigerated pastas and sauces to grocery and club stores across the
United States. The company's operations are managed from its 37,666 square
foot integrated headquarters and production facility in Salinas, California.
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