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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): October 21, 1997
SweetWater, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-25942 84-1167603
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1440 Boston Avenue, Unit A, Longmont, CO 80501
(Address of principal executive offices) (zip code)
Registrant's Telephone Number, including Area Code: (303)678-0447
2505 Trade Centre Avenue, Longmont, CO 80503
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On October 21, 1997, SweetWater, Inc., a Delaware corporation
("SweetWater"), entered into an agreement to sell all of the assets relating to
its portable water filtration business to Cascade Designs, Inc., a Washington
corporation, for gross proceeds payable in cash of approximately $1.5 million,
subject to adjustment, and before payment of related expenses and payments.
Completion of the sale is subject to the approval of SweetWater's shareholders.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
Not Applicable
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
SWEETWATER, INC.
(Registrant)
Dated: November 5, 1997 By: /s/ Patrick E. Thomas
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Patrick E. Thomas
Vice President and Chief
Financial Officer
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