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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 31, 1997
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PACKAGED ICE, INC.
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(Exact name of registrant as specified in charter)
TEXAS 333-29357 76-0316492
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
8572 Katy Freeway, Suite 101, Houston,Tx 77024
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 464-9384
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N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On October 31, 1997, Packaged Ice, Inc. ("Packaged Ice") entered into
a Trademark License Agreement with Culligan Water Technologies, Inc.
("Culligan") to use the trademarks "Water by Culligan(R)" and "Ice by
Culligan(R)". In exchange for the rights granted under the License Agreement,
Culligan will receive an initial payment and an ongoing royalty based on
Packaged Ice's sales through its proprietary machines which manufacture, bag and
merchandise packaged ice on site at retail outlets.
The License Agreement is a perpetual license that shall remain in
effect unless terminated upon the occurrence of one or more material events set
forth therein, or at the sole option of Packaged Ice, upon the end of any
calendar year, provided Packaged Ice gives written notice to Culligan at least
ninety (90) days prior to the end of such calendar year.
In addition, in connection with its ongoing efforts to raise capital
for acquisitions and expansion, Packaged Ice has entered into discussions with
Culligan and other investors with respect to a possible investment in Packaged
Ice consisting of up to $25 million in preferred stock and warrants. Packaged
Ice and Culligan have not yet entered into an agreement with respect to the
issuance of securities and there can be no assurance that any such agreement
will be consummated.
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.
PACKAGED ICE, INC.
Date: October 31, 1997 By: /s/ A. J. Lewis, III
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Name: A.J. Lewis, III
Title: President
