8-K 1 htm_4453.htm LIVE FILING Pinnacle Foods Group Inc. (Form: 8-K)  

 


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):   April 28, 2005

Pinnacle Foods Group Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 333-118390 943303521
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
6 Executive Campus, Suite 100, Cherry Hill, New Jersey   08002
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (856) 969-7100

Not Applicable
______________________________________________
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:

[  ]  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 2.05. Costs Associated with Exit or Disposal Activities.

On April 21, 2005, Pinnacle Foods Group Inc. ("PFGI") announced that, effective May 9, 2005, they will be shutting down a bagel production line at its Mattoon, IL facility that produces the company's Lender's® Bagels. In connection with the shut down of the production line, PFGI will be laying off 28 full-time and 7 part-time employees. Pinnacle acquired the facility, together with other major food brands and production facilities, with its acquisition of Aurora Foods Inc. out of bankruptcy in March 2004.

A portion of the assets that was used in the bagel line will be utilized in other production areas. In accordance with Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment and Disposal of Long-Lived Assets", PFGI will incur a non-cash charge of $862,000 for an impairment to the assets being taken out of service, which will be recorded in results for the three months ended March 27, 2005. We expect that any costs associated with the removal of the assets would be offset from the proceeds received from the sale of those assets.






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.

         
    Pinnacle Foods Group Inc.
          
April 28, 2005   By:   N. Michael Dion
       
        Name: N. Michael Dion
        Title: Executive Vice President and Chief Financial Officer


Exhibit Index


     
Exhibit No.   Description

 
99.1
  Press Release