1 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: February 17, 1998 --------------------------------- ORIGINAL ITALIAN PASTA PRODUCTS CO., INC. ----------------------------------------- (Exact Name of Registrant as Specified in Its Charter) MASSACHUSETTS ------------- (State or Other Jurisdiction of Incorporation) 0-16161 04-2877789 ------- ---------- (Commission File Number) (I.R.S. Employer Identification No.) 32 AUBURN STREET, CHELSEA, MA. 02150 ------------------------------ ----- (Address of Principal Executive Offices) (Zip Code) (617) 884-5211 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) 2 TABLE OF CONTENTS FORM 8-K FEBRUARY 17, 1998 Item Page - ---- ---- ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS 1 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS 1 SIGNATURE 2 EXHIBITS E-1 -i- 3 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On February 17, 1998, Original Italian Pasta Products Co., Inc. (the "Company") transferred substantially all of its assets (the "Assets") to ConAgra, Inc., a Delaware corporation ("ConAgra") pursuant to an Asset Purchase Agreement dated as of January 9, 1998 (the "Agreement"). The purchase price for the Assets was $3,198,048, subject to certain adjustments, as more particularly described in the Agreement, a copy of which is filed herewith as an exhibit. The sale price for the Assets was determined through negotiations between ConAgra and the Company's Board of Directors. The sale of the Assets pursuant to the Agreement was approved by the stockholders of the Company at the Company's Special Meeting of Shareholders held on February 17, 1998. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS a. Financial statements of businesses acquired. Not applicable. b. Pro forma financial information. Not applicable. c. Exhibits. The following exhibits are filed with this report. Exhibit No. Title --- ----- 2 Asset Purchase Agreement by and among ConAgra, Inc. and Original Italian Pasta Products Co., Inc. dated as of January 9, 1998. -1- 4 SIGNATURE 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. Original Italian Pasta Products Co., Inc. Dated: February 26, 1998 By /s/Paul K Stevens ----------------- Paul K. Stevens President -2- EXHIBIT INDEX Exhibit No. Title 2 Asset Purchase Agreement by and among ConAgra, Inc. and Original Italian Pasta Products Co., Inc. dated as of January 9, 1998.