-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PNETG6h+Iafz2aiXTB6E6r/gOybsNdQDuhEW54L8Ae0xmmxoQbn7WyAjC1HtaFFA B98M0ElUrB4ajrjgJz0RMA== 0001144204-06-025378.txt : 20060620 0001144204-06-025378.hdr.sgml : 20060620 20060620060427 ACCESSION NUMBER: 0001144204-06-025378 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060619 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060620 DATE AS OF CHANGE: 20060620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONOMAWEST HOLDINGS INC CENTRAL INDEX KEY: 0000102588 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 941069729 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-01912 FILM NUMBER: 06914262 BUSINESS ADDRESS: STREET 1: 2064 HIGHWAY 116 NORTH CITY: SEBASTOPOL STATE: CA ZIP: 95472 BUSINESS PHONE: 707-824-2534 MAIL ADDRESS: STREET 1: 2064 HIGHWAY 116 NORTH CITY: SEBASTOPOL STATE: CA ZIP: 95472 FORMER COMPANY: FORMER CONFORMED NAME: VACU DRY CO DATE OF NAME CHANGE: 19920703 8-K 1 v045767_8k.txt 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): JUNE 19, 2006 ------------------------- SONOMAWEST HOLDINGS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) ------------------------- DELAWARE 000-01912 94-1069729 (STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (IRS EMPLOYER INCORPORATION) IDENTIFICATION NO.) 2064 HIGHWAY 116 NORTH SEBASTOPOL, CALIFORNIA 95472 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (707) 824-2534 SAME (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01 OTHER EVENTS On June 19, 2006, SonomaWest Holdings, Inc. (the "Company") issued a press release announcing that it had received from Walker R. Stapleton, the Company's President and Chief Executive Officer, a letter withdrawing his expression of interest in initiating a management-led buyout transaction of the Company by an investment group consisting of Mr. Stapleton and members of his family, including Craig Stapleton, who is the Company's largest stockholder. The letter indicates that the range between the amount the investment group was willing to propose in connection with its management led buyout offer and the amount the Special Committee of the Board of Directors of the Company was willing to accept was too broad for negotiations to continue in a positive direction. Therefore, the investment group informed the Special Committee they would not be proceeding with an offer to acquire the outstanding shares of common stock held by holders other than the investment group, and that the investment group intends that the Company's business be returned to ordinary course operations with the goal of developing the Company while creating value for all shareholders. A copy of the press release is attached hereto as an exhibit. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Exhibit List Description of Exhibit ------------ ---------------------- Exhibit 99.1 Press Release dated June 19, 2006 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 hereunto duly authorized. SONOMAWEST HOLDINGS, INC. Date: June 19, 2006 By: /s/ Walker R. Stapleton ----------------------- Walker R. Stapleton Chief Executive Officer EX-99.1 2 v045767_ex99-1.txt EXHIBIT 99.1 SONOMAWEST HOLDINGS ANNOUNCES WITHDRAWAL OF PRELIMINARY EXPRESSION OF INTEREST FOR GOING PRIVATE TRANSACTION SEBASTOPOL, CALIFORNIA, JUNE 19, 2006. SonomaWest Holdings, Inc. (pink sheets: SWHI.PK) today announced that it has received from Walker R. Stapleton, the company's President and Chief Executive Officer, a letter withdrawing his previously expressed interest in initiating a management-led buyout transaction of the company by an investment group consisting of Mr. Stapleton and members of his family, including Craig Stapleton, who is the company's largest stockholder. The letter indicates that the range between the amount the investment group was willing to propose in connection with its management led buyout offer and the amount the Special Committee of the Board of Directors of the Company was willing to accept was too broad for negotiations to continue in a positive direction. Therefore, the investment group informed the Special Committee they would not be proceeding with an offer to acquire the outstanding shares of common stock held by holders other than the investment group, and that the investment group intends that the Company's business be returned to ordinary course operations with the goal of developing the Company while creating value for all shareholders. Forward Looking Statements - -------------------------- This press release contains forward-looking statements regarding future events and future performance of the company, which involve risks and uncertainties. Actual results could differ materially from those projected or implied by such forward-looking statements. We refer you to documents that the company files from time to time with the Securities and Exchange Commission, such as the company's most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, which contain a description of certain factors that could cause actual results to differ from current expectations and the forward-looking statements contained in this press release. -----END PRIVACY-ENHANCED MESSAGE-----