-----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, UslKCJVHU72jLy4iwhVRjWR8p27ZtISWznjof65smuf7zlHc0MlwKVQ+CR6YcbxV ojjWhpsTu4pJlJ7oSJx4CA== 0000033073-98-000004.txt : 19980617 0000033073-98-000004.hdr.sgml : 19980617 ACCESSION NUMBER: 0000033073-98-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980605 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980616 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENVIRODYNE INDUSTRIES INC CENTRAL INDEX KEY: 0000033073 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 952677354 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-05485 FILM NUMBER: 98648892 BUSINESS ADDRESS: STREET 1: 701 HARGER ROAD STE 190 CITY: OAK BROOK STATE: IL ZIP: 60521 BUSINESS PHONE: 7085718800 FORMER COMPANY: FORMER CONFORMED NAME: MGN INC DATE OF NAME CHANGE: 19790425 8-K 1 DATE OF EARLIEST EVENT 06-05-1998 ================================================================== 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 5, 1998 --------------- ENVIRODYNE INDUSTRIES, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-5485 95-2677354 - ------------------------------- ---------- --------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File No.) Identification No.) 701 Harger Road, Suite 190, Oak Brook, Illinois 60523 - ----------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (630) 571-8800 -------------- ================================================================= Page 1 of 5 Pages Item 5. - Other Events ------------ On June 8, 1998, Envirodyne Industries, Inc. ("Envirodyne") announced that the Company had executed a definitive agreement to sell Clear Shield National, Inc. to Solo Cup Company. A copy of the press release relating to the sale is attached hereto as Exhibit 99. Item 7. - Financial Statements and Exhibits --------------------------------- EX-99 Press release dated June 8, 1998. 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 thereunto duly authorized. ENVIRODYNE INDUSTRIES, INC. ----------------------------- Registrant By: /S/ Gordon S. Donovan --------------------- Gordon S. Donovan Vice President, Chief Financial Officer and Treasurer June 15, 1998 Exhibit No. Description of Exhibits Page - ---------- ------------------------------------------- ---- EX-99 Press release dated June 8, 1998. 5 EX-99 2 PRESS REL 06/08/1998 FOR IMMEDIATE RELEASE For Additional Information contact: Nasdaq SmallCap: EDYN S. M. Schuster or G. S. Donovan (630) 575-2400 ENVIRODYNE INDUSTRIES, INC. ANNOUNCES SALE OF CLEAR SHIELD NATIONAL, INC. Oak Brook, Illinois, June 8, 1998 - Envirodyne Industries, Inc. (Nasdaq SmallCap:EDYN) has signed a definitive agreement to sell Clear Shield National, Inc. to Solo Cup Company for $140 million cash. Clear Shield National, a wholly-owned subsidiary, is headquartered in Wheeling, Illinois and produces for national distribution disposable plastic cutlery, drinking straws and custom dining kits for the institutional, food service, quick service restaurant, convenience store and retail markets. In addition to the Chicago area plants, Clear Shield National has facilities in Leominster, Massachusetts; Shreveport, Louisiana; and a newly constructed facility in Twin Falls, Idaho. Subject only to customary conditions including the receipt of governmental and third party consents, the sale is expected to be consummated in late July 1998. "Clear Shield National is a fine company in its own right and we are very pleased to be adding it to the Solo Cup family," said Ronald L. Whaley, Vice President of Solo Cup Company. "Their product lines complement ours very well and we believe this will mean enhanced opportunities for employees and customers of both businesses." In late 1997, Envirodyne retained Donaldson, Lufkin and Jenrette Securities Corporation to explore Envirodyne's strategic alternatives. The sale of Clear Shield National together with the previously announced sale of Sandusky Plastics will enable Envirodyne to significantly reduce its senior indebtedness. ### -----END PRIVACY-ENHANCED MESSAGE-----