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
Date of Report (Date of earliest event reported): June 20, 2002
BRIAZZ, INC.
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(Exact Name of Registrant as Specified in Charter)
Washington
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(State or Other Jurisdiction of Incorporation)
000-32527 91-1672311
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(Commission File Number) (IRS Employer Identification No.)
3901 7th Avenue South, Suite 200
Seattle, Washington 98108-5206
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(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including area code (206) 467-0994
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
Following the completion of the Company's $1.25 million convertible debt
financing, which is described more fully in the press release attached as
Exhibit 99.1 hereto and incorporated by reference herein, we believe our current
cash and cash equivalents will be sufficient to meet our anticipated cash needs
for working capital and capital expenditures for approximately the next three to
six months, depending upon the success of our initiatives with current and
potential wholesale customers, including Target and Albertson's, which was
discussed in our Form 8-K filed on June 5, 2002.
Briazz's capital plan has at least two phases. The $1.25 million convertible
debt financing represents the completion of the first phase. In the near future,
Briazz will begin working on a $5 million to $10 million financing to truly
strengthen the Company's balance sheet and provide significant long-term growth
capital.
This report contains statements that may constitute "forward-looking statements"
within the meaning of the Securities Act of 1933 and the Securities Exchange Act
of 1934, as amended by the Private Securities Litigation Reform Act of 1995.
Such statements include comments regarding the ability of the Company to raise
$5 to $10 million in financing on terms favorable to the Company, if at all.
Item 7. Exhibits and Reports on Form 8-K
(c) The following exhibits are filed as part of this report:
Exhibit No. Description
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99.1 Press Release dated June 20, 2002
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.
BRIAZZ, INC.
Date: June 20, 2002 By /s/ Tracy Warner
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Tracy Warner
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated June 20, 2002