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)
:
July 31,
2009
Vermont
Pure Holdings, Ltd.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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000-31797
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03-0366218
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(State of
incorporation)
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(SEC File
No.)
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(IRS Employer
ID No.)
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1050
Buckingham St., Watertown, CT 06795
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code:
860-945-0661
n/a
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Exchange Act
(17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre
commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
[ ] Pre
commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item
1.01 Entry
into a Material Definitive Agreement.
Reference
is made to Part I, Item 3, “Legal Proceedings,” in the Company’s Annual Report
on Form 10-K filed January 29, 2009, describing the Company’s lawsuit in the
Superior Court Department, County of Suffolk, Massachusetts, CA No. 06-1814,
against three law firms and individual members thereof that had been
representing the Company in litigation involving Nestlé Waters North America,
Inc., which item is incorporated by reference.
On July
31, 2009, the Company reached a settlement with all defendants in the action
other than Cozen O’Connor and a former partner in that firm, pursuant to which
mutual releases have been executed. The Company has received a one-time
payment of $3 million which will be reflected in the quarter ending July 31,
2009. Trial against the remaining defendants in the case has been
scheduled for October 1, 2009. Management intends to pursue the Company’s
remaining claims, and to the extent of the counterclaims asserted against the
Company, to defend the Company vigorously.
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.
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VERMONT
PURE HOLDINGS, LTD.
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Date:
August 3, 2009
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By:
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/s/ Bruce
S. MacDonald
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Bruce S.
MacDonald
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Chief
Financial Officer
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