Item 1.01 Entry into a Material Definitive Agreement.
Ultrafryer produces commercial deep fryers for restaurant and commercial installations.
The Agreement contains customary representations, warranties, indemnities and covenants for stock purchase agreements, made by both parties. The parties have also entered into certain ancillary agreements including an escrow agreement and employment/consulting agreement which include non-competition covenants.
A copy of the
SECTION 8 Item 8.01 Other Events.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit 99.1
Press Release of the Company dated
This current report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995 (the "Act") that are intended to come within the safe harbor protection provided by the Act. By their nature, all forward-looking statements involve risks and uncertainties, and actual outcomes may differ materially from those contemplated by the forward-looking
statements. Several factors that could materially affect the acquisition of the Ultrafryer business include variations from the Company's estimates in the actual financial impact of the acquisition, including the condition of the Ultrafryer business after the sale, which may depend upon, among other things, general economic conditions, the cost and availability of raw materials and the degree of success in the integration of Ultrafryer with the Standex Food Service Equipment businesses of the Company. Factors that could materially affect the Company's actual results are identified in the note regarding forward-looking statements which is contained in the press release attached as Exhibit 99, as well as in the Company's Annual Report on Form 10-K for the fiscal year ended