InDoughtie's, the family-owned business, grew to become a corporation. Cothran from any individual liability to Seller under this Agreement and the other Transaction Documents except for the Guarantyprovided that nothing herein shall affect Seller's rights to retain the Nonrefundable Deposit as provided in Section Duringthe Company 's collections have improved and accounts past due greater than 60 days have decreased to The Company believes it is reasonably competitive with respect to all of these factors.
Inafter Doughtie's acquired a computerized inventory system, Nashwinter simply input fictitious inventory items into his division's computerized inventory ledger.
Regulation The Company is subject to various statutes, such as the Federal Food, Drug and Cosmetic Act, the Consumer Product Safety Act, the Occupational Safety and Health Act, and various consumer credit acts, regulating ingredients, packaging, general working conditions for employees, vehicles, credit, and other matters.
The Company has not experienced any unusual difficulty in complying with such regulations. No Material Adverse Changes.
Nashwinter testified that he often Doughties foods inc up excuses to account for missing or misplaced inventory and that the auditors apparently never double-checked his explanations. Buyer shall draft the form of public announcement or disclosure pertaining to this transaction which shall be approved by Seller prior to release.
No gain or loss was recognized as a result of this sales transaction. The SEC also required that selected audits supervised by the two men in the future be subjected to peer reviews to determine that the appropriate audit procedures had been performed.
Any notice that is addressed and mailed in the manner provided herein shall be conclusively presumed to have been given to the party to which it is addressed at the close of business, local time of the recipient, on the third day after it is so placed in the mail.
Payment for any Raw Materials items will be due in cash upon delivery of such items, and title to such items will transfer to Buyer upon payment and delivery. None of the Purchased Assets or activities or operations of the Business infringe or involve or have resulted within three years prior to the date hereof in a the infringement of, or b any claim of infringement of, any Intangible Right of any other person, firm or corporation; and no proceedings have been instituted, are pending, or are threatened, that challenge the rights of Seller in respect thereof.
Buyer shall have executed and delivered to Seller each of the Transaction Documents.
James"trading as Thunder Bay Gourmet Foods, who manufactured and sold a line of specialty gourmet food products the "Thunder Bay Line". If requested by Buyer, such documents shall be in a form suitable for recording.
The Indemnified Party shall have the right, but not the obligation, to participate at its own expense in a defense thereof by counsel of its own choosing, but the Indemnifying Party shall be entitled to control the defense unless the Indemnified Party has relieved the Indemnifying Party from liability with respect to the particular matter or the Indemnifying Party fails to assume the defense of the matter.
Doughtie's management immediately fired Nashwinter and retained Price Waterhouse to determine the magnitude of the inventory errors in Gravins' accounting records and their impact on the company's consolidated financial statements. No consent, approval, authorization or order of any court, Agency or any other person is required under any law, ordinance, regulation, rule, requirement, order, writ, judgment, decree, contract, agreement, lease, commitment, charter or bylaw applicable to or binding upon Buyer in order to permit Buyer to consummate the transactions contemplated by this Agreement and to perform its obligations hereunder and under the Supply Agreement or the License Agreement.
Any notice that is delivered personally, or sent by telecopy or overnight express in the manner provided herein shall be deemed to have been duly given to the party to whom it is directed upon actual receipt and, in the case of telecopy acknowledgment by such party.
Finally, inNashwinter admitted to a superior that he had been filing false inventory reports to corporate headquarters for several years. Seller shall have furnished to Buyer a a certificate of the State Corporation Commission dated as of a date not more than twenty days prior to the Closing Date, attesting to the organization and good standing of Seller, and b a copy, certified by the Secretary or Assistant Secretary of Seller, of resolutions or minutes duly adopted by the Board of Directors of Seller duly authorizing this Agreement, the Supply Agreement, and the transactions contemplated hereby.
Doughtie's Sysco Food Services, Inc. was founded in as Doughtie's Foods, Inc. and was acquired by SYSCO Corporation on August 29, The company distributes a full line of institutional food products to approximately 1, customers in Virginia, Maryland, North Carolina, and Delaware, generating over $87 million dollars in annual sales.
Doughties Foods Inc - ‘K’ for 12/26/98 - Annual Report - Seq.
is a Virginia Domestic Corporation filed on November 16, The company's filing status is listed as 20 Merged and its File Number is Founded: Nov 16, In Maythe board of directors of Doughtie's Foods, Inc., agreed to sell the company to Sysco Corporation.
The merger was completed on August 27, InBob Doughtie's family retained the trademark and reintroduced the brand to the Southeastern .Doughties foods inc