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) September 21, 1998
Uncle B's Bakery, Inc.
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(Exact name of registrant as specified in its charter)
Iowa 0-22556 42-1267239
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(State or other jurisdiction (Commission (IRS Employer of
incorporation) File Number) Identification No.)
441 Dubuque Street Ellsworth, Iowa 50075
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 515-836-4000
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(Former name or former address, if changed since last report.)
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On September 4, 1998, Uncle B's Bakery, Inc. (the "Debtor") filed
Chapter 11 and requested a hearing for interim use of cash collateral. A
hearing was held on September 10, 1998, in the United States Bankruptcy Court
for the Northern District of Iowa in Sioux City, Iowa. At the hearing, the
Debtor and Creditanstalt Corporate Finance, Inc. (the "lender") agreed upon
interim use of cash collateral under certain terms and conditions until
September 26, 1998. The court approved this agreement. A final hearing will be
held on September 28, 1998.
The Company remains as Debtor in Possession and intends to submit a
plan of reorganization once the plan has been finalized. In addition, there are
ongoing discussions with interested and potential strategic partners and
investors. However, there are no assurances that these discussions will result
in a definitive agreement.
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the registrant has duly caused this registration statement to be signed on
its behalf by the undersigned thereunto duly authorized.
Uncle B's Bakery, Inc.
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(Registrant)
Date September 23, 1998 /s/ Wm. Howard McClennan, Jr.
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Wm. Howard McClennan, Jr.
Chief Financial Officer