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): May 22, 1998
THE GRAND UNION COMPANY
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter
Delaware
- --------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-26602 22-1518276
- ----------------------------------- ----------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
201 Willowbrook Boulevard
Wayne, New Jersey 07470
- ------------------------------------------- --------------------------
(Address of Principal Executive Offices) (Zip Code)
(973) 890-6000
- --------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not applicable
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
Item 5. OTHER EVENTS.
On May 22, 1998, The Grand Union Company (the "Company") commenced the
solicitation of consents of its Senior Noteholders and preferred shareholders to
the proposed Plan of Reorganization of the Company (the "Plan") under chapter 11
of title 11, United States Code (the "Bankruptcy Code"). Assuming receipt of the
required consents, the Company intends to commence a voluntary prepackaged
chapter 11 bankruptcy on or about June 24, 1998. The Plan is attached as Exhibit
1 to the Disclosure Statement, dated May 22, 1998, being filed herewith.
Votes on the Plan are being solicited pursuant to the Disclosure
Statement under section 1126(b) of the Bankruptcy Code, before commencement by
the Company of a chapter 11 case. Also filed herewith is a copy of the Company's
Press Release, dated May 26, 1998, announcing the commencement of the
solicitation and describing briefly the terms of the Plan.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
2.1 Disclosure Statement, dated May 22, 1998 (including
Plan of Reorganization attached as Exhibit 1
thereto).
99.1 Press Release, dated May 26, 1998.
2
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.
THE GRAND UNION COMPANY
Dated: May 27, 1998 By: /s/ Jeffrey P. Freimark
------------------------
Name: Jeffrey P. Freimark
Title: Executive Vice President
and Chief Financial Officer
3
EXHIBIT INDEX
Exhibit
-------
2.1 Disclosure Statement, dated May 22, 1998 (including Plan of
Reorganization attached as Exhibit 1 thereto).
99.1 Press Release, dated May 26, 1998
4
NYFS03...:\18\50318\0003\1708\FRM5268T.460