SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): August 6. 1999 PIEMONTE FOODS, INC.. (Exact name of registrant as specified in its charter) South Carolina 0-15696 57-0626121 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 400 Augusta Street Greenville, South Carolina 29601 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (864) 242-0424 (Former name or former address, if changed since last report): Not applicable Item 5. Other Events On August 6, 1999, First Union National Bank ("First Union"), the Company's lender, filed suit against the Company and its subsidiaries in the Court of Common Pleas in the County of Greenville, South Carolina seeking immediate seizure of collateral securing its Notes from the Company and seeking judgment against the Company in the amount of $1,931,355. The collateral securing First Union's Notes consists of all of the Company's assets. The value of the assets securing First Union's Notes is substantially less than the amount of the indebtedness; therefore, there is no possibility of realizing any funds for either creditors of the Company or its shareholders. The Company will seek to obtain a release of sufficient funds from First Union to continue to meet current payroll for employees. The Company will also cooperate with First Union in the pending litigation so that the employees of the Company might continue their employment with any other company that might purchase the Company's assets. Accordingly, the Company intends to enter into a Consent Order with First Union providing for judgment against it and its subsidiaries and agreeing to the relief sought by First Union, allowing First Union to dispose of the collateral and at the same time allowing the Company to operate its business while seeking a purchaser of the assets of the Company. The Company will cease all operations after such sale or, in any event, after August 31, 1999. Item 7. Financial Statements and Exhibits (a) Financial statements of businesses acquired: Not applicable. (b) Pro forma financial information: Not applicable. (c) Exhibits Exhibit No. Description 99.1 Press release dated August 25, 1999 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. Date: August 25, 1999 PIEMONTE FOODS, INC. By: Name: Title: _ Exhibit Index The following exhibit is filed herewith: Exhibit No. Description 99.1 Press release dated August 6, 1999