SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported) February 18, 1997
HOME PRODUCTS INTERNATIONAL, INC.
(formerly "SELFIX, INC.")
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
0-17237 36-2490451
(Commission file number) (Selfix, Inc., I.R.S.
Employer Identification No.)
4501 West 47th Street 60632
Chicago, Illinois (Zip Code)
Address of principal executive offices)
(773) 890-1010
(Registrant's telephone number, including area code)
SELFIX, INC.
(Former name, if changed since last report)
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ITEM 5. OTHER EVENTS
HOLDING COMPANY REORGANIZATION
Effective as of 12:01 a.m. on February 18, 1997, Selfix, Inc. ("Selfix")
adopted a holding company form of organizational structure. The new
holding company structure is intended to provide a framework that allows
for and can accommodate future growth from internal operations,
acquisitions or joint ventures, broadens the alternatives available for
future financing, and generally provides for greater administrative and
operational flexibility.
The holding company reorganization was effected pursuant to an Agreement
and Plan of Merger among Selfix, Home Products International, Inc., a
Delaware corporation ("Home Products"), and HPI Merger, Inc., a Delaware
corporation and wholly owned subsidiary of Home Products ("Merger Sub"),
which provides for, among other things, the merger (the "Merger") of
Merger Sub with and into Selfix, with Selfix as the surviving corporation.
Pursuant to Section 251(g) of the Delaware General Corporation Law,
stockholder approval was not required for the Merger.
By virtue of the Merger, Selfix became a wholly owned subsidiary of Home
Products and each issued and outstanding share of common stock of Selfix
was converted into and exchanged for one share of common stock, par value
$.01 per share, of Home Products. As a result, each holder of Selfix
common stock became the owner of the same number of shares of common stock
of Home Products as the number of shares of Selfix common stock owned by
such stockholder prior to the Merger. The conversion of shares of Selfix
common stock into shares of common stock of Home Products was effected
without the exchange of certificates. Accordingly, certificates formerly
representing shares of common stock of Selfix are deemed to represent
shares of common stock of Home Products.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
C. EXHIBITS
Exhibit
Number
99.1 Letter to Shareholders dated February 18,1997.
99.2 Press release dated February 18, 1997 regarding the
reorganization.
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, hereunto duly authorized.
Home Products International, Inc.
Date: February 18, 1997
By /s/ JAMES R. TENNANT
James R. Tennant
Chairman of the Board