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):
                                 August 23, 1999

                             Eskimo Pie Corporation
             (Exact Name of Registrant as specified in its Charter)

           Virginia                      0-19867                 54-0571720
(State or other jurisdiction     (Commission File Number)      (IRS Employer
        of incorporation)                                    Identification No.)

                            901 Moorefield Park Drive
                            Richmond, Virginia 23236
                                 (804) 560-8400
               (Address, including zip code, and telephone number,
                      including area code, or registrant's
                          principal executive offices)

                              --------------------



Item 5.      Other Events.

             On August 23, 1999,  Eskimo Pie Corporation (the "Company")  issued
the press release  attached  hereto as Exhibit 99.1 and  incorporated  herein by
reference.

Item 7.      Financial Statements and Exhibits.

             (a)  None

             (b)  Exhibits

                  Exhibit 99.1         Press Release dated August 23, 1999


             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.

                                         ESKIMO PIE CORPORATION



Date:  August 23, 1999                   By:  /s/ Thomas M. Mishoe, Jr.
                                            ---------------------------------
                                            Thomas M. Mishoe, Jr.
                                            Chief Financial Officer,
                                            Vice President, Secretary and
                                            Treasurer

EX-99.1

                                                                    Exhibit 99.1

                                   NEWS FROM:
                             ESKIMO PIE CORPORATION

901 Moorefield Park Drive                        Contact:  William T. Berry, Jr.
Richmond, Virginia  23236                             Telephone:  (804)-560-8490

                     FOR IMMEDIATE RELEASE: August 23, 1999

         Richmond,   Virginia  (NASDAQ  NNM:  EPIE)  -  Eskimo  Pie  Corporation
announced today that it received on Friday,  August 20, 1999, a written proposal
from  a  private  investor  group  (the  "Offeror"),  to  purchase  100%  of the
outstanding capital stock of the Company for cash at a purchase price of $10.125
per share. The proposal contains a number of conditions to the consummation of a
transaction,  including satisfactory  completion of due diligence,  obtaining of
necessary  financing,  negotiation  and execution of a definitive  agreement and
consent of the Company's  licensors to the  continuation of their licenses.  The
Offeror stated in its proposal that David B. Kewer, the Company's  President and
Chief  Executive  Officer,  has been invited to be a part of the Offeror's group
and to work with it upon consummation of the proposed  transaction.  The Company
had  extensive  discussions  with the Offeror in  connection  with the Company's
previously disclosed exploration of strategic  alternatives earlier in the year.
However, this is the first time that the Offeror has submitted a formal proposal
to the Company's Board of Directors.

         The Company also announced that it received a separate letter on Friday
from  its  second  largest  shareholder,   Peak  Management,  Inc.,  which  owns
approximately  10.7% of the Company's  outstanding Common Stock,  indicating its
support for the Offeror's proposal.

         The  Company's  Board  of  Directors  has  formed a  Special  Committee
composed  exclusively of non-employee  directors to consider the proposal and to
explore other  strategic  alternatives  for maximizing  shareholder  value.  The
Special  Committee has retained  financial and legal  advisors to assist in this
process.  The Special  Committee  and its advisors are  evaluating  the proposal
following discussions over the weekend between the Special Committee's financial
advisors and  representatives  of the Offeror.  The Company  reiterated that the
Board of Directors remains open to considering all viable strategic alternatives
for maximizing shareholder value.

         Eskimo Pie Corporation,  headquartered in Richmond,  Virginia,  created
the frozen  novelty  industry in 1921 with the  invention  of the Eskimo Pie ice
cream bar.  Today,  the Company markets a broad range of frozen  novelties,  ice
cream and sorbet  products  under the Eskimo Pie,  Real Fruit,  Welch's,  Weight
Watchers Smart Ones,  SnackWell's and OREO brand names. These nationally branded
products are generally  manufactured  by a select group of licensed  dairies who
purchase the  necessary  flavors  ingredients  and  packaging  directly from the
Company.  Eskimo Pie Corporation also manufactures soft serve yogurt and premium
ice cream products for sale to the commercial  foodservice industry. The Company
also sells a full line of quality  flavors  and  ingredients  for use in private
label dairy products in addition to the brands it licenses.