8-K 1 c60788e8-k.txt CURRENT REPORT 1 ================================================================================ U.S. 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): March 12, 2001 VERDANT BRANDS, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Minnesota 0-26507 41-0848688 ---------------------------- ------------------------ ------------------- (State or other jurisdiction (Commission file number) (IRS employer of incorporation) Identification No.) 9555 James Avenue South, Suite 200, Bloomington, Minnesota, 55431-2543 ---------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (952) 887-0039 -------------- Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) ================================================================================ Page 1 of 4 Pages Exhibit Index Appears on Page 4 2 Item 5. Other Events. On February 27, 2001, Verdant Brands, Inc., a Minnesota corporation ("Verdant") and its subsidiary Consep, Inc.(Consep), announced new standstill agreements with its senior secured lender. The Company announced that in exchange for Consep transferring all of its assets to a third party assignee, the senior secured lender will provide limited funding for continued operations at Consep. The press release describing new standstill agreements is filed as Exhibit 99.1 to this Form 8-K, is hereby incorporated herein by reference. On February 5, 2001, Verdant Brands, Inc., a Minnesota corporation ("Verdant"), announced the completion of the foreclosure sale of the Company's Canadian assets to Woodstream Corporation. The Company previously sold the US operating assets associated with the environmentally sensitive retail products to Woodstream. The press release describing the foreclosure sale is filed as Exhibit 99.2 to this Form 8-K, is hereby incorporated herein by reference With respect to the February 27th announcement, mailings to the unsecured creditors and shareholders were made and are filed as Exhibits 99.3 and 99.4, respectively. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits

Page 2 of 4 Pages Exhibit Index Appears on Page 4 3 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: December 27, 2000 VERDANT BRANDS, INC. By: /s/ H. Michael Blair -------------------------------------- H. Michael Blair Chief Financial Officer Page 3 of 4 Pages 4 INDEX TO EXHIBITS

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