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 23, 2015
Inventure Foods, Inc.
(Exact name of registrant as specified in its charter)
|
Delaware |
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001-14556 |
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86-0786101 |
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(State or other jurisdiction |
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(Commission |
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(IRS Employer |
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5415 E. High St., Suite 350, Phoenix, AZ |
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85054 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code (623) 932-6200
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
Item 8.01. Other Events.
On April 23, 2015, Inventure Foods, Inc. (the “Company”) issued a press release announcing that it has initiated a precautionary recall of certain varieties of its Fresh Frozen™ line of frozen vegetables, as well as select varieties of its Jamba “At Home” line of smoothie kits, due to the finding of Listeria monocytogenes, in its Jefferson, Georgia facility. Listeria is an organism that can cause infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, listeria infection can cause miscarriages and stillbirths among pregnant women.
To date, there are no known illnesses linked to consumption of Fresh Frozen IQF frozen vegetables or Jamba “At Home” smoothies. However, the Company has decided to err on the side of utmost caution and issue a voluntary recall because Listeria monocytogenes was identified within its facility.
The Company expects to record costs associated with the recall, which are too early to ascertain, in the first quarter and additional costs in future quarters. The Company expects to reverse the charges for any portion of such costs that are recovered from its existing insurance policies. Any recovery of losses will be recorded in the period in which such recovery is determined to be probable.
While it is too soon to reliably estimate the impact of this recall on the Company’s future sales of the Fresh Frozen brand, net revenues of the products affected by the recall are expected to be reduced for the second fiscal quarter of 2015 and potentially subsequent periods.
The safety of its consumers is the Company’s number one priority and the Company is taking the appropriate steps to prevent this from happening again. The Company is committed to ensuring that all of the products it sells are safe and meet the highest quality standards.
The information contained in the press release, which is attached to this report as Exhibit 99.1, is incorporated by reference herein and is furnished pursuant to “Item 7.01. Regulation FD Disclosure” and “Item 8.01. Other Events.”
Forward-Looking Statements
Statements in this report that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this report include, without limitation, statements related to the financial impact of the recall, including, the cost of the recall and the recall’s impact on the Company’s net sales; the Company’s ability to recover costs from its insurance carriers; the timing of future production and distribution of the products; and the Company’s ability to prevent future recalls. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. The forward-looking statements contained in this report are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission, including under “Item 1A. Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in the Company’s subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit |
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Description |
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|
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|
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99.1 |
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Press Release issued by Inventure Foods, Inc. on April 23, 2015. |
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.
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Date: April 23, 2015 |
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INVENTURE FOODS, INC. | |
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By: |
/s/ Steve Weinberger |
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Steve Weinberger |
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Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
INVENTURE FOODS, INC. ISSUES VOLUNTARY RECALL OF ITS
FRESH FROZEN™ VEGETABLES AND SELECT JAMBA® “AT HOME” SMOOTHIE KITS BECAUSE OF POSSIBLE HEALTH RISK
PHOENIX, April 23, 2015 — Inventure Foods, Inc. has issued a voluntary recall of certain varieties of its Fresh Frozen™ line of frozen vegetables, as well as select varieties of its Jamba “At Home” line of smoothie kits, due to the finding of Listeria monocytogenes, in its Jefferson, GA facility. Listeria is an organism that can cause infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, listeria infection can cause miscarriages and stillbirths among pregnant women.
To date, there are no known illnesses linked to consumption of Fresh Frozen IQF frozen vegetables or Jamba “At Home” smoothies. However, Inventure Foods has decided to err on the side of utmost caution and issue a voluntary recall because Listeria monocytogenes was identified within the facility.
The Company urges anyone who has purchased a product listed below to not consume it and to instead return the package to the store where it was purchased for a full refund. If consumers have additional questions, representatives will be available 24/7 at 866-890-1004; via email at info@inventurefoods.com or visit InventureFoods.com/Information/FrozenRecall for the latest updates.
The Company said, “Please be assured that we are committed to producing the highest quality products — and our top priority is the health and safety of consumers. It is with this commitment that we have initiated this voluntary recall as a precautionary measure and are working closely with the FDA to proactively remedy the situation.”
The Fresh Frozen products being recalled are distributed to retail outlets, including food service accounts, mass merchandise stores and supermarkets in Alabama, Arizona, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin.
The Jamba “At Home” smoothies’ products being recalled are distributed to retail outlets, including mass merchandise stores and supermarkets east of the Mississippi River. Only specific Jamba “At Home” branded products are involved in this recall. No other Jamba® branded products are affected.
The products being recalled are identified below:
Fresh Frozen Vegetable Products
|
UPC |
|
FF ITEM |
|
PACK |
|
|
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CODE |
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NUMBER |
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SIZE |
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DESCRIPTION |
|
|
|
|
|
|
|
|
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0-86069-20000-1 |
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102 |
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6/2# |
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SPEC. BUTTER BEANS |
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0-86069-50000-2 |
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105 |
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4/5# |
|
SPEC. BUTTER BEANS |
|
0-86069-20010-0 |
|
112 |
|
6/2# |
|
BABY LIMA BEANS |
|
0-86069-50010-1 |
|
115 |
|
4/5# |
|
BABY LIMA BEANS |
|
0-86069-20020-9 |
|
124 |
|
6/2# |
|
CUT GREEN BEANS |
|
0-86069-50020-0 |
|
125 |
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4/5# |
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CUT GREEN BEANS |
|
0-86069-20340-8 |
|
132 |
|
6/2# |
|
ITALIAN GREEN BEANS |
|
0-86069-50340-9 |
|
135 |
|
4/5# |
|
ITALIAN GREEN BEANS |
|
0-86069-20030-8 |
|
203 |
|
6/2# |
|
CROWDER PEAS |
|
0-86069-50030-9 |
|
205 |
|
4/5# |
|
CROWDER PEAS |
|
0-86069-20040-7 |
|
212 |
|
6/2# |
|
BLACKEYE PEAS |
|
0-86069-50040-8 |
|
215 |
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4/5# |
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BLACKEYE PEAS |
|
0-86069-20041-4 |
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222 |
|
6/2# |
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PURPLE HULL PEAS |
|
0-86069-50041-5 |
|
225 |
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4/5# |
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PURPLE HULL PEAS |
|
0-86069-20050-6 |
|
242 |
|
6/2# |
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FIELD PEAS W/SNPS |
|
0-86069-50050-7 |
|
245 |
|
4/5# |
|
FIELD PEAS W/SNPS |
|
0-86069-20060-5 |
|
252 |
|
6/2# |
|
BUTTER PEAS |
|
0-86069-20005-6 |
|
256 |
|
6/2# |
|
BUTTER BEANS |
|
0-86069-20016-2 |
|
144 |
|
12/24 oz |
|
FORDHOOK LIMA BEANS |
|
0-86069-20061-2 |
|
262 |
|
6/2# |
|
GREEN PEAS |
|
0-86069-50060-6 |
|
265 |
|
4/5# |
|
GREEN PEAS |
|
0-86069-20290-6 |
|
272 |
|
6/2# |
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GREEN PEAS W/CARROTS |
|
0-86069-50290-7 |
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275 |
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4/5# |
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GREEN PEAS W/CARROTS |
|
0-86069-20042-1 |
|
283 |
|
6/2# |
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ZIPPER PEAS |
|
0-86069-20032-2 |
|
295 |
|
6/2# |
|
WHITE ACRE PEAS |
|
0-86069-20070-4 |
|
303 |
|
6/2# |
|
CUT OKRA |
|
0-86069-50240-2 |
|
305 |
|
4/5# |
|
CUT OKRA |
|
0-86069-20350-7 |
|
312 |
|
6/2# |
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BABY WHOLE OKRA |
|
**** NO UPC |
|
315 |
|
4/5# |
|
BABY WHOLE OKRA |
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0-86069-20075-9 |
|
323 |
|
6/2# |
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BREADED OKRA |
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0-86069-50075-0 |
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325 |
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4/5# |
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BREADED OKRA |
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0-86069-20100-8 |
|
402 |
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6/2# |
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CUT YELLOW CORN |
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0-86069-50100-9 |
|
405 |
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4/5# |
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CUT YELLOW CORN |
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**** NO UPC |
|
421 |
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96 CT |
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3” CORN ON COB |
|
0-86069-20200-5 |
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422 |
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6/2# |
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3” CORN ON COB |
|
0-86069-50250-1 |
|
425 |
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4/5# |
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3” CORN ON COB |
|
0-86069-20102-2 |
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432 |
|
6/2# |
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SHOEPEG CORN |
|
0-86069-50102-3 |
|
435 |
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4/5# |
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SHOEPEG CORN |
|
0-86069-20300-2 |
|
502 |
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6/2# |
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SLICED YELLOW SQUASH |
|
0-86069-50300-3 |
|
505 |
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4/5# |
|
SLICED SQUASH |
|
0-86069-20270-8 |
|
510 |
|
6/2# |
|
BREADED SQUASH |
|
0-86069-20310-3 |
|
522 |
|
6/2# |
|
SLICED ZUCCHINI |
|
0-86069-20510-5 |
|
531 |
|
6/2# |
|
CHOPPED VIDALIA ONIONS & SQUASH |
|
0-86069-20500-6 |
|
542 |
|
6/2# |
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CHOPPED VIDALIA ONIONS |
|
0-86069-20295-1 |
|
603 |
|
6/2# |
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SLICED CARROTS |
|
**** NO UPC |
|
604 |
|
20# |
|
SLICED CARROTS |
|
0-86069-20355-2 |
|
659 |
|
6/2# |
|
BRUSSEL SPROUTS |
|
0-86069-20140-4 |
|
703 |
|
6/2# |
|
CUT BROCCOLI |
|
0-86069-50140-5 |
|
705 |
|
4/5# |
|
CUT BROCCOLI |
|
0-86069-20141-1 |
|
708 |
|
6/2# |
|
BROCCOLI FLORETS |
|
**** NO UPC |
|
762 |
|
12/2# |
|
DICED CELERY |
|
0-86069-25071-6 |
|
774 |
|
6/2# |
|
MUSTARD GREENS |
|
0-86069-25040-2 |
|
776 |
|
6/2# |
|
IQF COLLARDS |
|
0-86069-25050-1 |
|
777 |
|
6/2# |
|
IQF TURNIP GREENS |
|
0-86069-25060-0 |
|
778 |
|
6/2# |
|
IQF TURNIP GREENS W/R |
|
0-86069-25090-7 |
|
779 |
|
6/2# |
|
IQF CHOPPED SPINACH |
|
**** NO UPC |
|
792 |
|
12/2# |
|
DICED ONIONS |
|
**** NO UPC |
|
795 |
|
12/2# |
|
DICED RED PEPPER |
|
**** NO UPC |
|
798 |
|
12/2# |
|
DICED GREEN PEPPER |
|
0-86069-50080-4 |
|
805 |
|
4/5# |
|
MIXED VEGETABLES |
|
0-86069-20080-3 |
|
806 |
|
6/2# |
|
MIXED VEGETABLES |
|
0-86069-20014-8 |
|
813 |
|
6/2# |
|
PREMIUM CALIFORNIA BLEND |
|
0-86069-20011-7 |
|
814 |
|
6/2# |
|
CALIFORNIA BLEND |
|
0-86069-50011-8 |
|
815 |
|
4/5# |
|
CALIFORNIA BLEND |
|
0-86069-20330-9 |
|
826 |
|
6/2# |
|
SUMMER BLEND |
|
0-86069-20150-3 |
|
833 |
|
6/2# |
|
VEGETABLE GUMBO |
|
0-86069-20160-2 |
|
836 |
|
6/2# |
|
VEGETABLE SOUP MIX W/TOMATOES |
|
0-86069-21270-7 |
|
842 |
|
6/2# |
|
STEW MIX |
|
0-86069-20280-7 |
|
852 |
|
6/2# |
|
STIR FRY BLEND |
|
0-86069-20285-2 |
|
862 |
|
6/2# |
|
ITALIAN BLEND |
|
0-86069-20425-2 |
|
866 |
|
6/2# |
|
FAJITA BLEND |
|
0-86069-20400-9 |
|
877 |
|
6/2# |
|
TEJANO BLEND |
|
0-86069-20405-4 |
|
882 |
|
6/2# |
|
JALISCO BLEND |
|
0-86069-20432-0 |
|
897 |
|
4/5# |
|
SEASONING BLEND |
|
0-86069-20430-6 |
|
898 |
|
6/2# |
|
SEASONING BLEND |
|
0-86069-20170-1 |
|
856 |
|
6/2# |
|
COUNTRY BLEND |
|
0-86069-10180-3 |
|
90199 |
|
12/1# |
|
WHOLE STRAWBERRIES |
|
0-86069-10260-2 |
|
91199 |
|
12/1# |
|
WHOLE BLACKBERRIES |
|
0-86069-10190-2 |
|
92199 |
|
12/1# |
|
SLICED PEACHES |
|
0-86069-10500-9 |
|
952 |
|
24/12 oz |
|
BLUEBERRIES |
|
0-86069-10230-5 |
|
971 |
|
18/12 oz |
|
TRIPLE BERRY BLEND |
|
0-86069-20120-6 |
|
1002 |
|
6/2# |
|
YAM PATTIES |
|
0-86069-20112-1 |
|
1570 |
|
8/28 oz |
|
SWEET POTATO CUTS |
|
0-86069-50265-5 |
|
1582 |
|
4/5# |
|
BOIL BLEND |
|
0-86069-95015-9 |
|
4022 |
|
12/12 CT |
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SOUTHERN STYLE BISCUITS |
|
0-86069-95020-3 |
|
4031 |
|
12/12 CT |
|
CHEESE BISCUITS |
|
0-86069-95040-1 |
|
4061 |
|
12/12 CT |
|
BUTTER BISCUITS |
|
0-86069-11200-7 |
|
S124 |
|
12/12oz |
|
CUT GREEN BEANS |
|
0-86069-11210-6 |
|
S262 |
|
12/12oz |
|
GREEN PEAS |
|
0-86069-11230-4 |
|
S402 |
|
12/12oz |
|
CUT YELLOW CORN |
|
0-86069-11260-1 |
|
S708 |
|
12/10oz. |
|
BROCCOLI FLORETS |
|
0-86069-11270-0 |
|
S806 |
|
12/12oz |
|
MIXED VEGETABLES |
|
0-86069-11275-5 |
|
S814 |
|
12/10oz. |
|
CALIFORNIA BLEND |
|
0-86069-11280-9 |
|
S826 |
|
12/12oz |
|
SUMMER BLEND |
|
0-86069-11290-8 |
|
S862 |
|
12/10oz. |
|
ITALIAN BLEND |
|
0-86069-20001-8 |
|
10299 |
|
12/1# |
|
Speckled Butter Beans |
|
0-86069-20012-4 |
|
11299 |
|
12/1# |
|
Baby Lima Beans |
|
0-86069-20021-6 |
|
12499 |
|
12/1# |
|
Cut Green Beans |
|
0-86069-20341-5 |
|
13299 |
|
12/1# |
|
Italian Green Beans |
|
0-86069-20043-8 |
|
21299 |
|
12/1# |
|
Blackeye Peas |
|
0-86069-20051-3 |
|
24299 |
|
12/1# |
|
Field Peas w/ Snaps |
|
0-86069-20006-3 |
|
25699 |
|
12/1# |
|
Butter Beans |
|
0-86069-20063-6 |
|
25299 |
|
12/1# |
|
Butter Peas |
|
0-86069-20071-1 |
|
30399 |
|
12/1# |
|
Cut Okra |
|
0-86069-20351-4 |
|
31299 |
|
12/1# |
|
Baby Whole Okra |
|
0-86069-20076-6 |
|
32399 |
|
12/1# |
|
Breaded Okra |
|
0-86069-20101-5 |
|
40299 |
|
12/1# |
|
Cut Yellow Corn |
|
0-86069-20301-9 |
|
50299 |
|
12/1# |
|
Sliced Yellow Squash |
|
0-86069-10530-6 |
|
543 |
|
18/ 12 oz |
|
Chopped Vidalia Onions |
|
0-86069-20296-8 |
|
60399 |
|
12/1# |
|
Sliced Carrots |
|
0-86069-20356-9 |
|
65999 |
|
12/1# |
|
Brussel Sprouts |
|
0-86069-20142-8 |
|
70399 |
|
12/1# |
|
Broccoli Cuts |
|
0-86069-25070-9 |
|
77499 |
|
12/1# |
|
Mustard Greens |
|
0-86069-20081-0 |
|
80699 |
|
12/1# |
|
Mixed Vegetables |
|
0-86069-20013-1 |
|
81499 |
|
12/1# |
|
California Blend |
|
0-86069-20151-0 |
|
83399 |
|
12/1# |
|
Vegetable Gumbo |
|
0-86069-20431-3 |
|
89899 |
|
12/1# |
|
Seasoning Blend |
|
0-86069-21271-4 |
|
84299 |
|
12/1# |
|
Stew Mix |
|
0-86069-25041-9 |
|
77680 |
|
12/1# |
|
Collard Greens |
|
0-86069-25051-8 |
|
77780 |
|
12/1# |
|
Turnip Greens |
|
0-86069-25061-7 |
|
77899 |
|
12/1# |
|
Turnip Greens w/Diced Turnips |
|
0-86069-25091-4 |
|
7791 |
|
18/12 oz |
|
Chopped Spinach |
Jamba At Home Smoothie Kits
The products affected have best by dates from 18 Mar 2016 through 17 Oct 2016 with code dates from 72644AH01 through 71075AH01.
Code Format:
7= JEFFERSON, Production codes starting with 8 are not included in the recall
Jamba At Home Smoothie Products
|
UPC |
|
JAMBA |
|
PACK |
|
|
|
PRODUCTION |
|
“BEST BY |
|
CODE |
|
NUMBER |
|
SIZE |
|
DESCRIPTION |
|
CODE |
|
DATE” |
|
8-84038-85098-7 |
|
85098 |
|
8/8oz |
|
Strawberries Wild |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85100-7 |
|
85100 |
|
8/8oz |
|
Razzmatazz |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85099-4 |
|
85099 |
|
8/8oz |
|
Mango-A-Go-Go |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85168-7 |
|
85168 |
|
8/8oz |
|
Orange Dream Machine |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85169-4 |
|
85169 |
|
8/8oz |
|
Caribbean Passion |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85102-1 |
|
85102 |
|
8/8oz |
|
Green Fusion |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85167-0 |
|
85167 |
|
8/8oz |
|
Red Fusion |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
|
8-84038-85166-3 |
|
85166 |
|
8/8oz |
|
Blue Fusion |
|
72644AH01 thru 71075AH01 |
|
18 Mar 2016 thru 17 Oct 2016 |
About Inventure Foods, Inc.
With manufacturing facilities in Arizona, Indiana, Washington, Oregon and Georgia, Inventure Foods, Inc. (Nasdaq: SNAK) is a marketer and manufacturer of specialty food brands in better-for-you and indulgent categories under a variety of Company owned and licensed brand names, including Boulder Canyon FoodsTM, Jamba®, Seattle’s Best Coffee®, Rader Farms®, TGI FridaysTM , Nathan’s Famous®, Vidalia Brands®, Poore Brothers®, Tato Skins®, Willamette Valley Fruit CompanyTM, Fresh FrozenTM and Bob’s Texas Style®. For further information about Inventure Foods, please visit www.inventurefoods.com.
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