Cannondale Corp – ‘8-K’ for 4/24/03

On:  Friday, 4/25/03, at 4:23pm ET   ·   For:  4/24/03   ·   Accession #:  1116679-3-1261   ·   File #:  333-72121

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     14K 
 2: EX-99       Miscellaneous Exhibit                                 14     90K 

8-K   —   Current Report
Document Table of Contents

8-K
1st Page of 5
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
 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): April 23, 2003

CANNONDALE CORPORATION
(Exact name of registrant as specified in its charter)

    Delaware                     0-24884                  06-0871823
   (State or other              (Commission File          (I.R.S. Employee
jurisdiction of incorporation)         Number)            Identification Number)

16 Trowbridge Drive, Bethel, Connecticut 06801
 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 203-749-7000

8-K
2nd Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 2nd
Item 5.  Other Events and Required FD Disclosure.                               

Cannondale Corporation ("the "Company") filed its monthly operating report for  
the month ending February 22, 2003 (the "Operating Report") with the United     
States Bankruptcy Court for the District of Connecticut (Bridgeport Division) on
April 24 2003, a copy of which is attached hereto as Exhibit 99.1, in connection
with its voluntary petition for reorganization under Chapter 11 of Title 11 of  
the United States Bankruptcy Code filed on January 29, 2003.                    

The Company cautions readers not to place undue reliance upon the information   
contained therein. The Operating Report contains unaudited information, is      
limited in scope, covers a limited time period and is in a format prescribed by 
the applicable bankruptcy laws. There can be no assurance that the Operating    
Report is complete. The Operating Report also contains information for periods  
that may be shorter or otherwise different from those required to be contained  
in the Company's reports pursuant to the Securities Exchange Act of 1934, as    
amended (the "Exchange Act"). Such information may not be indicative of the     
Company's financial condition or operating results for the periods reflected in 
the Company's financial statements. Moreover, the Operating Report and other    
communications from the Company may include forward-looking statements subject  
to various assumptions regarding the Company's operating performance that may   
not be realized and are subject to significant business, economic and           
competitive uncertainties and contingencies, including those described in this  
report, many of which are beyond the Company's control. Consequently, such      
matters should not be regarded as a representation or warranty by the Company   
that such matters will be realized or are indicative of the Company's financial 
condition or operating results for future periods or the periods covered in the 
Company's reports pursuant to the Exchange Act. Actual results for such periods 
may differ materially from the information contained in the Operating Report,   
and the Company undertakes no obligation to update or revised the Operating     
Report.                                                                         

The Operating Report, as well as other statements made by the Company may       
contain forward-looking statements, as defined by the Private Securities        
Litigation Reform Act of 1995, that reflect, when made, the Company's current   
views with respect to current events and financial performance. Actual results  
may differ materially from those anticipated as a result of various risks and   
uncertainties, including, but not limited to, the following: the ability of the 
Company to maintain sufficient debtor-in-possession financing to fund its       
operations and the expenses of the Chapter 11 process; the ability of the       
Company to close a definitive agreement with Pegasus Partners II, L.P.; the     
Company's ability to obtain court approval with respect to motions in the       
Chapter 11 proceeding prosecuted by it from time to time; the ability of the    
Company to develop, prosecute, confirm and consummate a plan of reorganization  
with respect to the Chapter 11 proceeding; the ability of the Company to obtain 
and maintain normal terms with its vendors and dealers; the Company's ability to
maintain contracts that are critical to its operations; the potential adverse   
impact of the Chapter 11 proceeding on the Company's liquidity or results of    
operations; the ability of the Company to attract and retain customers; as well 
as those risks and uncertainties discussed from time to time in the Company's   
periodic reports filed with the Securities and Exchange Commission. Readers are 
cautioned not to place undue reliance on these forward-looking statements which 
speak only as of the date hereof. The Company undertakes no obligation to       
publish revised forward-looking statements to reflect events or circumstances   
after the date hereof or to reflect the occurrence of unanticipated events,     
except as required by law.                                                      

2 

8-K
3rd Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 3rd
The Company believes that there will be insufficient funds from the proceeds of 
the asset sales to the affiliates of Pegasus Partners II, L.P. to fully satisfy 
the claims of its creditors. Accordingly, the Company also believes that its    
equity has no value and that its existing stockholders will not receive any     
distributions on account of their shares of common stock in connection with the 
resolution of the bankruptcy case.                                              

Item 7.  Financial Statements, Pro Forma Financial Information                  
and Exhibits.                                                                   

(c)   Exhibits                                                                  

     99.1     Monthly Operating Report for the month ending February 22, 2003.

3 

8-K
4th Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 4th
 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 thereunto duly authorized.                                          

    CANNONDALE CORPORATION

Date: April 25, 2003           By:   /s/ John Moriarty                          
           ---------------------
   John Moriarty
         Assistant Treasurer

4 

8-K
Last Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 5th
 EXHIBIT INDEX

Exhibit No.     Description                                                     

99.1            Monthly Operating Report for the month ending February 22, 2003.

5 

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		4/25/03		4
For Period End:		4/24/03
		4/23/03		1
		2/22/03		2		5
		1/29/03		2					8-K
									List all Filings