-----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, V+eFMN0XloxIlmkmuNSM9hg3BFnl4grr+wQdhQv1WD2RX4spAadIatfYA35iBFHq ZqrvcbPjuKasESU0fQEAkw== 0000897069-99-000110.txt : 19990302 0000897069-99-000110.hdr.sgml : 19990302 ACCESSION NUMBER: 0000897069-99-000110 CONFORMED SUBMISSION TYPE: 424B4 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHLAND CRANBERRIES INC /WI/ CENTRAL INDEX KEY: 0000818010 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 391583759 STATE OF INCORPORATION: WI FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 424B4 SEC ACT: SEC FILE NUMBER: 333-08563 FILM NUMBER: 99553425 BUSINESS ADDRESS: STREET 1: 800 FIRST AVE SO STREET 2: P O BOX 8020 CITY: WISCONSIN RAPIDS STATE: WI ZIP: 54494 BUSINESS PHONE: 7154244444 424B4 1 PROSPECTUS SUPPLEMENT PROSPECTUS SUPPLEMENT (To Prospectus dated July 29, 1996) 367,287 SHARES NORTHLAND CRANBERRIES, INC. CLASS A COMMON STOCK ------------------------- This Prospectus Supplement covers up to 367,287 shares of our Class A Common Stock which we issued to Congress Financial Corporation (Northwest) in connection with our acquisition from Congress of certain assets formerly owned by Clermont, Inc. Please see "The Acquisition," below, for a description of the acquisition. This Prospectus Supplement also relates to the sale or other distribution of the Shares by Congress. This Prospectus Supplement does not contain complete information regarding the offering of Class A Common Stock by Congress and should be read only in conjunction with the base prospectus referenced above. We will not receive any portion of the proceeds from the re-sale of the Shares by Congress. Our Common Stock is quoted on the Nasdaq National Market under the symbol "CBRYA." On February 26, 1999, the last reported sales price for our Common Stock on the Nasdaq National Market was $7.531 per share. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this Prospectus Supplement is truthful or complete. Any representation to the contrary is a criminal offense. March 1, 1999 THE ACQUISITION Clermont was a producer and seller of cranberry and other fruit concentrates which filed for bankruptcy protection in 1998. In January 1999, the bankruptcy proceeding was dismissed by the bankruptcy court. Congress, as Clermont's primary secured creditor, foreclosed on Clermont's assets. On March 1, 1999, we purchased from Congress and its affiliate, Col Realty, Inc., certain assets formerly owned by Clermont for the shares of Common Stock covered by this Prospectus Supplement and $6,850,000 in cash. The assets we acquired included mainly a concentrating facility in Cornelius, Oregon; certain equipment; and inventory consisting of cranberry and other fruit concentrate. USE OF PROCEEDS This Prospectus Supplement relates to Shares we issued in order to effect the acquisition of the assets of Clermont as well as the re-sale of such shares by Congress. We will not receive any proceeds from the re-sale of the Shares by Congress. PLAN OF DISTRIBUTION Congress may sell or distribute some or all of the Shares from time to time through underwriters or dealers or brokers or other agents or directly to one or more purchasers in transactions on the Nasdaq National Market, in privately negotiated transactions, or in the over-the-counter market, or in brokerage transactions, or in a combination of such transactions. Congress may effect such at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at negotiated prices, or at fixed prices, which may be changed. INFORMATION WITH RESPECT TO THE SELLING SHAREHOLDER
Number of Shares of Common Number of Shares to be Stock Owned Prior Number of Owned Name to the Offering(1) Shares Offered After the Offering Congress Financial 367,287 367,287 -0- Corporation (Northwest) - --------------- 1 Congress acquired the Shares from us in consideration for its ownership interest in the assets of Clermont, Inc., which we purchased on March 1, 1999.
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