UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 13, 2018
PARADISE, INC.
Florida | 0-3026 | 59-1007583 |
(State or Other Jurisdiction of Incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
1200 W. DR. MARTIN LUTHER KING, JR. BLVD.,
PLANT CITY, FLORIDA 33563
(Address of principal executive offices) (Zip code)
(813) 752-1155
(Registrant’s telephone number, including area code)
N/A
(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 DFR 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. | Other Events. |
On February 13, 2018, Paradise, Inc. issued a press release announcing that it is exploring its strategic alternatives. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K, and is incorporated by reference herein.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
99.1 | Press Release dated February 13, 2018 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PARADISE, INC. | |||
/s/ Randy S. Gordon | |||
By: | Randy S. Gordon |
||
Title: | President/CEO | ||
February 13, 2018 |
Paradise, Inc. Explores Strategic Alternatives
PLANT CITY, Fla., Feb. 13, 2018 /PRNewswire/ -- Paradise, Inc. (OTCPink: PARF) (the "Company") today announced that its Board of Directors is exploring and evaluating strategic alternatives for the Company, including a possible merger or sale of, or acquisition or other strategic investment by, the Company. The Board of Directors has retained Hyde Park Capital as financial advisor to assist in this process.
The Company has not set a timetable for completion of the evaluation process or made a decision to pursue any particular strategic alternative. There can be no assurance that the exploration and evaluation of strategic alternatives will result in any particular outcome. The Company does not intend to provide any updates unless or until it determines that further disclosure is appropriate or necessary.
About Paradise, Inc.
The Company is primarily engaged in producing, packing and distributing candied fruit to manufacturing bakers, institutions and retailers for use in home baking, as well as in the production of plastic containers for its own products and molded plastics for sale to unaffiliated customers.
Forward-Looking Statements
The statements in this press release that are not historical, including without limitation statements regarding the Company's beliefs, expectations, prospects, strategic plans and statements regarding strategic alternatives or other future transactions, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact should be considered "forward-looking statements" for these purposes. In some cases, forward-looking statements can be identified by the use of such terminology as "may," "will," "expects," "plans," "anticipates," "intends," "believes," "estimates," "potential," or "continues," or the negative thereof or other similar words. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations or any of our forward-looking statements will prove to be correct. Forward-looking statements are subject to inherent risks and uncertainties, and actual results and developments may be materially different from those expressed or implied by our forward-looking statements. We undertake no obligation to update forward-looking statements other than as required by law.
CONTACT: Hyde Park Capital Advisors, LLC, John McDonald, mcdonald@hydeparkcapital.com, (813) 383-0206