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     <!-- Client Name:    Aurora Foods Inc.                                                -->
     <!-- Project Name:   ny12568                                                               -->
     <!-- Attorney Name:      Elizabeth Fanous                                                 -->
     <TITLE>Aurora 8K</TITLE>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SECURITIES AND EXCHANGE COMMISSION</B><BR>WASHINGTON, D.C. 20549  </FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM
8-K  </FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE<BR> SECURITIES EXCHANGE ACT OF 1934  </FONT></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>DATE
OF REPORT (DATE OF EARLIEST EVENT REPORTED):<BR>MARCH 5, 2004 (FEBRUARY 20, 2004)<!-- DATE --> </FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>AURORA FOODS INC.<!-- Name of Registrant --></B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)</FONT></TD></TR>
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<TD WIDTH="38%" ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=2><B>Delaware</B><!-- State--></font></td>
<TD WIDTH="27%" ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=2><B>001-14255</B><!-- File No.--></font></td>
<TD WIDTH="35%" ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=2><B>94-3303521</B><!-- Irs No.--></font></td>
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<TD ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=1>(STATE OR OTHER JURISDICTION <br>OF INCORPORATION OR ORGANIZATION)</font></td>
<td ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=1>(COMMISSION<br>FILE NUMBER) </font></td>
<TD ALIGN="CENTER"><Font Face="Times New Roman, Times, Serif" Size=1>(IRS EMPLOYER<br> IDENTIFICATION NO.) </font></td>
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     <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>11432 Lackland Road<BR> St. Louis, Missouri</B></FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>63146</B><!-- ZIP CODE --></FONT></TD></TR>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)</FONT></TD>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(314) 801-2300<!-- TELEPHONE NO. --></B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>NA</B><!-- FORMER NAME OR ADDRESS --></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) </FONT></TD></TR>
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<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 3. </B></FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
         <B> BANKRUPTCY OR RECEIVERSHIP </B></FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
February 20, 2004, the First Amended Joint Reorganization Plan of Aurora Foods Inc. and
Sea Coast Foods, Inc., as Modified, dated February 17, 2004 (the "Plan"), was confirmed
by order (the "Confirmation Order") of the United States Bankruptcy Court for the
District of Delaware (the "Court").  Copies of the Plan and the Confirmation Order are
attached hereto as Exhibits 2.1 and 2.2, respectively.  Capitalized terms used but not
defined in this Current Report on Form 8-K have the meanings set forth in the Plan. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
previously disclosed, Aurora Foods Inc. ("Aurora") and its subsidiary Sea Coast Foods,
Inc.  ("Sea Coast" and together with Aurora, the "Debtors") filed petitions under chapter
11 of title 11 of the United States Code (the "Bankruptcy Code") on December 8, 2003.
 These cases (the "Cases") were consolidated for procedural purposes only and have been
jointly administered.  The lead bankruptcy case is Case No. 03-13744 (MFW).  The Debtors
have remained in possession of their assets and properties and have continued to operate
their businesses as "debtors-in-possession" under the jurisdiction of the Court and in
accordance with the applicable provisions of the Bankruptcy Code. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following is a summary of the matters contemplated to occur pursuant to or in connection
with implementation of the Plan.  This summary only highlights certain of the substantive
provisions of the Plan and is not intended to be a complete description of, or a
substitute for a full and complete reading of, the Plan. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Plan provides, among other things, for (i) the substantive consolidation of the Debtors,
(ii) the merger (the "Merger") of Pinnacle Foods Holding Corporation ("Pinnacle") with
and into Aurora, (iii) the payment in full of the Allowed Claims of holders of
Prepetition Lender Claims, holders of Prepetition Senior Unsecured Note Claims, and all
vendors and trade creditors, and (iv) the issuance or payment (as applicable) to the
holders of Sub Debt of (a) cash or (b) indirect equity interests in, and rights to
subscribe for additional indirect equity interests in, the surviving corporation of the
Merger ("Reorganized Aurora"). </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
the Court has confirmed the Plan, many actions contemplated in the Confirmation Order and
the Plan are effective only upon consummation of the Plan.  A condition to the
consummation of the Plan is the closing of the transactions contemplated by the Merger
Agreement (as defined below), which remain subject to a number of conditions.  No
assurance can be given that the conditions to closing the transactions will be satisfied,
or that the transactions ultimately will be consummated. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
February 24, 2004, R&#178; Top Hat, Ltd. ("R&#178;"), a holder of Prepetition Lender Claims,
appealed the Confirmation Order.  In addition, R&#178; filed an emergency motion seeking a
stay of the Confirmation Order pending its appeal.  On February 27, 2004, the Bankruptcy
Court denied R&#178;'s request for a stay.  R&#178; has also appealed the Bankruptcy Court's
dismissal of its complaint in a related proceeding that was based on issues similar to
those R&#178; raised in its objection to the Plan. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>A. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>General
Structure of the Plan</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the Plan, there are three classes of Impaired Claims or Interests: Class 6 Sub Debt
Claims, Class 7 Subordinated Claims, and Class 8 Old Equity Interests.  All other Classes
of Claims are Unimpaired by the Plan and will receive a cash payment or such other
treatment that will not impair such Holders under Bankruptcy Code section 1124 on account
of their Allowed Claims, as provided in the Plan. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The
Merger Agreement</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
November 25, 2003, Aurora and Crunch Equity Holding, LLC ("CEH LLC") entered into an
Agreement and Plan of Reorganization and Merger (as amended on January 8, 2004, the
"Merger Agreement") providing for the Merger of Pinnacle and Aurora.  CEH LLC was formed
by J.P. Morgan Partners, LLC, J.W. Childs Equity Partners III, L.P., and CDM Investor
Group LLC (together, the "New Equity Investors") and indirectly owns all of the
outstanding capital stock of Pinnacle.  The Merger Agreement contemplates the
Restructuring Transaction pursuant to the Plan.  The Merger Agreement, and the amendment
thereto, were filed with the Securities and Exchange Commission (the "SEC") as Exhibit
2.1 to Aurora's Current Report on Form 8-K filed on November 26, 2003 and Exhibit 2.1 to
Aurora's Current Report on Form 8-K filed on January 13, 2004, respectively. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>C. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Substantive
Consolidation </U></FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Court has ordered that, as of the Effective Date, the Debtors' Estates and Chapter 11
Cases will be substantively consolidated for the purposes of all actions associated with
confirmation and consummation of the Plan.  On the Effective Date, (i) all guarantees of
either Debtor of the payment, performance or collection of the other Debtor with respect
to Claims will be deemed eliminated and cancelled, (ii) any obligation of either Debtor
and all guarantees with respect to Claims thereof executed by the other Debtor will be
treated as a single obligation and an obligation of both Debtors, and all multiple
Impaired Claims against such entities on account of such joint obligations will be
treated and Allowed only as a single Impaired Claim against the consolidated Debtors,
(iii) no distributions will be made under the Plan on account of Intercompany Claims
between the Debtors, and (iv) each Claim Filed or to be Filed against either Debtor will
be deemed Filed against the consolidated Debtors and will be deemed a single Claim
against and a single obligation of the consolidated Debtors. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>D. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The
Debtors' Previously Outstanding Securities</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the Effective Date, except as otherwise provided for in the Plan, (a) the Prepetition
Senior Secured Notes, Prepetition Senior Unsecured Notes, Sub Debt, Old Equity, any other
notes, bonds (with the exception of surety bonds outstanding), indentures or other
instruments or documents evidencing or creating any indebtedness or any obligations of a
Debtor that are Impaired under the Plan will be cancelled, and (b) the obligations of the
Debtors under any agreements, indentures or certificates of designation governing the
Prepetition Senior Secured Notes, Prepetition Senior Unsecured Notes, Sub Debt, Old
Equity and any other notes, bonds (with the exception of surety bonds outstanding),
indentures or other instruments or documents evidencing or creating any indebtedness or
any obligations of a Debtor that are Impaired under the Plan will be discharged; provided
that the indentures for the Sub Debt will be deemed to survive the Effective Date solely
to effectuate distributions to be made to Holders of Sub Debt as provided in the Plan,
and to enforce the rights (including without limitation, rights under sections 7.2, 7.4,
7.7, and 10.13 of the indentures relating to the Sub Debt) and administrative functions
of the Indenture Trustee as provided in the indentures for the Sub Debt and in the Plan.
 As of the Effective Date, all Old Equity that has been authorized to be issued but that
has not been issued will be deemed cancelled and extinguished without any further action
of any party. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>E. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Corporate
Actions</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the Effective Date, all actions contemplated by the Plan will be deemed authorized and
approved in all respects (subject to the provisions of the Plan), including, without
limitation, the following: (a) the adoption of the Amended Certificate of Incorporation
and Bylaws; (b) the issuance of the New Securities; (c) the cancellation of the Old
Equity and all other old securities; (d) the execution and the delivery of, and the
performance under, each of the Merger Agreement, the Transaction Documents, the Indemnity
Agreement and related documents and agreements, the Amended Certificate of Incorporation
and Bylaws and all documents and agreements contemplated by or relating to any of the
foregoing; and (e) the removal of all members of Aurora's Board of Directors and the
election of all members of the Board of Directors of Reorganized Aurora designated
pursuant to the Merger Agreement.  All matters provided for under the Plan involving the
corporate structure of the Debtors or the Reorganized Debtors in any corporate action
required by the Debtors or the Reorganized Debtors in connection with the Plan will be
deemed to have occurred and will be in effect pursuant to the Bankruptcy Code, without
any requirement of further action by the shareholders or the directors of the Debtors or
the Reorganized Debtors.  On the Effective Date, the appropriate officers of the
Reorganized Debtors are authorized and directed to execute and to deliver any agreements,
documents and instruments contemplated by the Plan or the Merger Agreement, the
Transaction Documents, the Indemnity Agreement and related documents and agreements in
the name and on behalf of the Reorganized Debtors. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>F. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Amendment
of Charters and By-laws</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the Effective Date, the certificate of incorporation and by-laws of Aurora and the
articles of incorporation of Sea Coast will be amended as necessary to satisfy the
provisions of the Plan and the Bankruptcy Code.  The amended certificate of incorporation
of Aurora will, among other things: (a) provide, pursuant to section 1123(a)(6) of the
Bankruptcy Code, for a provision prohibiting the issuance of non-voting equity
securities, and (b) reduce the authorized shares of capital stock to 100 shares.  The
articles of incorporation of Sea Coast will be amended to provide, pursuant to section
1123(a)(6) of the Bankruptcy Code, for a provision prohibiting the issuance of non-voting
equity securities. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>G. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>The
Reorganized Debtors' Organizational Structure</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
the consummation of the Merger on the Effective Date, (i) Reorganized Aurora will be the
surviving corporation of the Merger and the combined business of Pinnacle and Aurora will
be conducted by Reorganized Aurora, (ii) Sea Coast and each of Pinnacle's subsidiaries as
of the Effective Date will be subsidiaries of Reorganized Aurora, (iii) Reorganized
Aurora will be a direct, wholly-owned subsidiary of Crunch Holding Corp. ("Holding"),
(iv) Holding will be a direct, wholly-owned subsidiary of CEH LLC, (v) the equity
interests of CEH LLC will be held by (a) the New Equity Investors and/or their affiliates
and (b) Crunch Equity Voting Trust (the "Trust"), and (vi) the Trust interests will be
held by (a) holders of Sub Debt that made an Equity Election to receive indirect equity
interests in Reorganized Aurora, including holders that also exercised related
subscription rights, and (b) J.P. Morgan Partners, LLC and J.W. Childs Equity Partners
III, L.P. as a result of their subscription for Trust interests which were not subscribed
for by holders of Sub Debt. </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>H. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Classes
and Treatment of Claims and Interests </U></FONT></TD>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         1. </FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Overview</U></FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
Claims and Interests, except Administrative Claims and Priority Tax Claims, are placed in
the Classes set forth below.  In accordance with Bankruptcy Code section 1123(a)(1),
Administrative Claims and Priority Tax Claims, as described below, have not been
classified.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
Claim or Interest is placed in a particular Class only to the extent that the Claim or
Interest falls within the description of that Class and is classified in other Classes to
the extent that any portion of the Claim or Interest falls within the description of such
other Classes.  A Claim or Interest is also placed in a particular Class under the Plan
only to the extent that such Claim or Interest is an Allowed Claim or Interest in that
Class and such Claim or Interest has not been paid, released or otherwise settled before
the Effective Date.  </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>         2.  </FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Unclassified
Claims that are not entitled to vote on the Plan</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Administrative
Claims</U>.  Subject to the provisions of Bankruptcy Code sections 330(a), 331 and
503(b), each Administrative Claim will be paid by the Debtors, at their election, (i) in
full, in cash, in such amounts as are incurred in the ordinary course of business by the
Debtors, or in such amount as such Administrative Claim is Allowed by the Court upon the
later of the Distribution Date or the date upon which there is a Final Order allowing
such Administrative Claim, (ii) upon such other terms as may exist in the ordinary course
of the Debtors' businesses or (iii) upon such other terms as may be agreed upon between
the Holder of such Administrative Claim and the Debtors.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Professional
Fees</U>.  All final requests for compensation or reimbursement of Professional Fee
Claims pursuant to Bankruptcy Code sections 327, 328, 330, 331, 503(b), or 1103 for
services rendered to the Debtors or the Committee prior to the Effective Date must be
filed and served on the Reorganized Debtors and their counsel no later than 90 days after
the Effective Date, unless otherwise ordered by the Court.  Objections to applications of
such Professionals or other entities for compensation or reimbursement of expenses must
be filed and served on the Reorganized Debtors and their counsel and the requesting
Professional or other entity no later than 20 days (or such longer period as may be
allowed by order of the Court) after the date on which the applicable application for
compensation or reimbursement was served.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Claims Under
the DIP Facility</U>.  On the Effective Date, all amounts outstanding under the DIP
Facility will be paid in full (1) in cash or (2) as otherwise may be provided in the DIP
Facility.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Priority Tax
Claims</U>.  The legal and equitable rights of the Holders of Priority Tax Claims are
unaltered by the Plan.  On, or as soon as reasonably practicable after, (i) the
Distribution Date if such Priority Tax Claim is an Allowed Priority Tax Claim as of the
Effective Date or (ii) the date on which such Priority Tax Claim becomes an Allowed
Priority Tax Claim, each Holder of an Allowed Priority Tax Claim will receive in full
satisfaction, settlement and release of and in exchange for such Allowed Priority Tax
Claim, at the election of the Debtors: (w) to the extent due and owing on the Effective
Date, cash equal to the amount of such Allowed Priority Tax Claim; (x) to the extent not
due and owing on the Effective Date, cash when and as such Claim becomes due and owing in
the ordinary course of business in accordance with the terms thereof; (y) such other
treatment as to which the Debtors or the Reorganized Debtors and the Holder of such Claim
will have agreed upon in writing; or (z) such other treatment in any other manner such
that the Claim will not be impaired under Bankruptcy Code section 1124, including payment
in accordance with the provisions of Bankruptcy Code section 1129(a)(9)(C) over a period
of not more than six (6) years from the date of assessment of any such Priority Tax
Claim.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indenture
Trustee Claims</U>.  The Indenture Trustee will be paid promptly on account of any claims
for its rights to indemnity and compensation under section 7.7 of the indentures relating
to the Sub Debt for reasonable fees, costs and expenses as Indenture Trustee including,
but not limited to, the reasonable fees, costs and expenses of the Indenture Trustee and
its professionals incurred prior to, on or after the Petition Date (including accrued and
unpaid trustees fees as of the Petition Date) (collectively, such fees, costs and
expenses, the "Indenture Trustee Claims") to the extent that the Indenture Trustee Claims
are either (i) not in dispute by the Debtors, the Reorganized Debtors or Reorganized
Aurora or (ii) in the event of any such dispute, determined by a Final Order of the
Bankruptcy Court or other court having jurisdiction. Without limiting the foregoing,
under the Plan, the Debtors, the Reorganized Debtors and Reorganized Aurora, jointly and
severally, will pay, indemnify and compensate the Indenture Trustee pursuant to section
7.7 of the indentures relating to the Sub Debt, and such obligation constitutes a
"separate fee agreement" between the Indenture Trustee and the Debtors, the Reorganized
Debtors and Reorganized Aurora for purposes of section 7.7 of the indentures relating to
the Sub Debt.  All Indenture Trustee Claims will be paid within ten (10) days after the
Debtors', the Reorganized Debtors', or Reorganized Aurora's receipt of an invoice for
such Indenture Trustee Claims (or any portion thereof); provided, however, that any
disputed Indenture Trustee Claims will be paid within ten (10) days after entry of a
Final Order requiring the payment of such Allowed Indenture Trustee Claims.
Notwithstanding any other provision of the Plan, the Confirmation Order, or the passage
of the Effective Date, the Indenture Trustee's rights to indemnity and compensation
(including without limitation, the Indenture Trustee's charging lien) pursuant to section
7.7 of the indentures relating to the Sub Debt will be enforceable and will survive the
entry of a Confirmation Order and the Effective Date. The Indenture Trustee's
professionals will not be required to file a motion or application under Section
3.1(a)(i) of the Plan.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise ordered by the Bankruptcy Court, on notice to the Indenture Trustee, no
entity may replace the Indenture Trustee as the Exchange Agent with respect to the Sub
Debt so long as any Indenture Trustee Claims remain unpaid.  The original Indenture
Trustee's charging lien will survive such replacement until the original Indenture
Trustee is paid in full.  The Indenture Trustee's rights under Section 3.1(c) of the Plan
are in addition to any other rights of the Indenture Trustee as an Exchange Agent under
the Plan and the Merger Agreement.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Unimpaired Classes of Claims</U> </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 1:
 Non-Tax Priority Claims</U>.  The legal, equitable and contractual rights of the Holders
of Class 1 Claims are unaltered by the Plan.  On, or as soon as reasonably practicable
after, (i) the Distribution Date if such Class 1 Claim is an Allowed Class 1 Claim on the
Effective Date or (ii) if such Class 1 Claim is not an Allowed Class 1 Claim on the
Effective Date, the date on which such Class 1 Claim becomes an Allowed Class 1 Claim,
each Holder of an Allowed Class 1 Claim will receive in full satisfaction, settlement of
and in exchange for, such Allowed Class 1 Claim, at the election of the Debtors:  (w) to
the extent then due and owing, cash in an amount equal to such Allowed Class 1 Claim; (x)
to the extent not then due and owing, cash when and as such Claim becomes due and owing
in the ordinary course of business in accordance with the terms thereof; (y) such other
treatment as to which the Holder of such Claim and the Debtors or Reorganized Debtors
agree in writing; or (z) such other treatment in any other manner such that the Claim
will not be impaired under Bankruptcy Code section 1124.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 2:
 Other Secured Claims</U>.  The legal, equitable and contractual rights of the Holders of
Class 2 Claims are unaltered by the Plan.  On, or as soon as reasonably practicable
after, (i) the Distribution Date if such Class 2 Claim is an Allowed Class 2 Claim on the
Effective Date or (ii) if such Class 2 Claim is not an Allowed Class 2 Claim on the
Effective Date, the date on which such Class 2 Claim becomes an Allowed Class 2 Claim,
each Holder of an Allowed Class 2 Claim will receive in full satisfaction, settlement of
and in exchange for, such Allowed Class 2 Claim, at the election of the Debtors:  (w) to
the extent then due and owing, cash in an amount equal to such Allowed Class 2 Claim; (x)
to the extent not then due and owing, cash when and as such Claim becomes due and owing
in the ordinary course of business in accordance with the terms thereof; (y) such other
treatment as to which the Holder of such Claim and the Debtors or Reorganized Debtors
agree in writing; or (z) such other treatment in any other manner such that the Claim
will not be impaired under Bankruptcy Code section 1124.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 3:
 Unimpaired Unsecured Claims</U>.  The legal, equitable and contractual rights of the
Holders of Class 3 Claims are unaltered by the Plan.  On, or as soon as reasonably
practicable after, (i) the Distribution Date if such Class 3 Claim is an Allowed Class 3
Claim on the Effective Date or (ii) if such Class 3 Claim is not an Allowed Class 3 Claim
on the Effective Date, the date on which such Class 3 Claim becomes an Allowed Class 3
Claim, each Holder of an Allowed Class 3 Claim will receive in full satisfaction,
settlement of and in exchange for, such Allowed Class 3 Claim, at the election of the
Debtors:  (w) to the extent then due and owing, cash in an amount equal to such Allowed
Class 3 Claim; (x) to the extent not then due and owing, cash when and as such Claim
becomes due and owing in the ordinary course of business in accordance with the terms
thereof; (y) such other treatment as to which the Holder of such Claim and the Debtors or
Reorganized Debtors agree in writing; or (z) such other treatment in any other manner
such that the Claim will not be impaired under Bankruptcy Code section 1124.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 4:
 Prepetition Lender Claims</U>.  The legal, equitable and contractual rights of the Holders
of Class 4 are unimpaired by the Plan.  On the Effective Date, each Holder of an Allowed
Class 4 Claim will receive in full satisfaction, settlement of and in exchange for, such
Allowed Class 4 Claim, cash in the Allowed amount of such Holder's Allowed Class 4 Claim,
and all letters of credit issued under the Prepetition Credit Agreement will be cancelled
and returned to the Agent.  The Debtors' indemnification obligations under the
Prepetition Credit Agreement (including Section 10.3 thereof) will survive the Effective
Date, will not be discharged, and will continue to be enforceable in accordance with the
terms of the Prepetition Credit Agreement against the Reorganized Debtors.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
no event will any Claim in respect of the "Excess Leverage and Asset Sale Fee" (as
defined in the Amendment and Forbearance to the Prepetition Credit Agreement, dated as of
October 13, 2003 (the "Amendment and Forbearance")), or in respect of any "Asset Sale
Fee" or "Excess Leverage Fee" under section 2.3 of the Prepetition Credit Agreement in
effect immediately prior to the Amendment and Forbearance, be Allowed either under the
Plan (as a Class 4 Claim or otherwise) or as a Claim against any of the Reorganized
Debtors in an amount that exceeds the amount of the Excess Leverage and Asset Sale Fee
set forth in, and calculated in accordance with, the Amendment and Forbearance.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 5:
 Prepetition Senior Unsecured Note Claims</U>.  The legal, equitable and contractual
rights of the Holders of Class 5 are unimpaired by the Plan.  On the Distribution Date,
each Holder of an Allowed Class 5 Claim will receive in full satisfaction, settlement of
and in exchange for, such Allowed Class 5 Claim, cash in the Allowed amount of such
Holder's Allowed Class 5 Claim.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Special
Provision Regarding Claims</U>.  Except as otherwise provided in the Plan, nothing will
affect the Debtors' or the Reorganized Debtors' rights and defenses, both legal and
equitable, with respect to any Claims, including, but not limited to, all rights with
respect to legal and equitable defenses to setoffs or recoupments against Claims.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Impaired Classes
of Claims - Class 6:  Sub Debt Claims</U>.  On the Distribution Date, each Holder of an
Allowed Class 6 Claim will receive, in full satisfaction, settlement of and in exchange
for, its Allowed Class 6 Claim, either (i) the Sub Debt Equity Consideration (subject to,
among other things, the terms of the Indemnity Agreement) if such Holder made a valid
Equity Election or (ii) the Sub Debt Cash Consideration if such Holder made a valid Cash
Election or failed to make a valid Equity Election.  </FONT></TD></TR>
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<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Impaired
Classes of Interests and Subordinated Claims</U> </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 7:
Subordinated Claims</U>.  The Holders of Subordinated Claims will not receive or retain
any distribution on account of such Subordinated Claims.  </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Class 8: Old
Equity Interests</U>.  On the Effective Date, the Old Equity Interests will be cancelled
and the Holders of Old Equity Interests will not receive any distribution or retain any
Interests on account of such Old Equity Interests.  </FONT></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>I. </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Information
Concerning the Debtors' Assets and Liabilities</U> </FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information
concerning the assets and liabilities of the Debtors can be found in the Operating Report
(as defined below) for the month of January, 2004. </FONT></TD></TR>
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<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 5.</B> </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
 <B>OTHER EVENTS AND REQUIRED FD DISCLOSURE </B></FONT></TD>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
March 5, 2004, the Debtors filed an unaudited consolidated Monthly Operating Report (the
"Operating Report") for the month of January, 2004 with the Court in connection with the
Cases.  The Operating Report was filed pursuant to Rule 2015 under the Bankruptcy Code
and is attached hereto as Exhibit 99. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Cautionary
Statement Regarding Operating Report as filed with the Court. </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aurora
has not yet completed the financial and accounting closing procedures relative to its
December 31, 2003 financial statements.  Therefore, the information contained in the
Operating Report is preliminary and subject to revision, and Aurora cautions readers not
to place undue reliance upon this information.  The Operating Report is unaudited, in a
format prescribed by the applicable bankruptcy laws, and does not contain any footnotes
or all of the information necessary to be in conformity with generally accepted
accounting principles.  The Operating Report also contains information for a period that
is different from those contained in Aurora's reports pursuant to the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). The information in the Operating Report
might not be indicative of the Debtors' financial condition or operating results for the
period that would be reflected in the Aurora's consolidated financial statements or in
its reports pursuant to the Exchange Act. The information set forth in the Operating
Report should not be viewed as indicative of future results and should not be used for
investment purposes. </FONT></TD></TR>
</TABLE>
<BR>



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<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ITEM 7.</B> </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B> EXHIBITS.</B> </FONT></TD>
</TR>
</TABLE>
<BR>


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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibits. </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Exhibit No.</U>  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>    Description </U></FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.1  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First
Amended Joint Reorganization Plan of Aurora Foods Inc. and Sea Coast Foods, Inc., as Modified, dated February 17,
2004 </FONT></TD>
</TR>
</TABLE>
<BR><BR>


<!-- MARKER FORMAT-SHEET="Exhibit Index" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.2  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Findings
of Fact, Conclusions of Law, and Order under 11 U.S.C.
                                   ss. 1129(a) and (b) and Fed. R. Bankr. P. 3020
Confirming First Amended                                      Joint Reorganization Plan
of Aurora Foods Inc. and Sea Coast Foods,                                      Inc., as
Modified, as entered by the United States Bankruptcy Court
                                     for the District of Delaware on February 20, 2004 </FONT></TD>
</TR>
</TABLE>
<BR><BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Monthly
Operating Report for the month of January, 2004 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD><HR SIZE=5 NOSHADE COLOR="BLACK">
</TD></TR></TABLE><BR>

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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURE </FONT></H1></TD></TR>
</TABLE>
<BR>



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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></TD></TR>
</TABLE>
<BR>

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  <TR VALIGN="BOTTOM">
    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- TYPE "DATE:" HERE--> </FONT></TD>
    <TD WIDTH="44%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AURORA FOODS INC.<!-- COMPANY --> </FONT></TD>
  </TR>
</TABLE>
<BR><BR>

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  <TR VALIGN="BOTTOM">
    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;: </FONT></TD>
    <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- DATE--> </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By: </FONT></TD>
    <TD WIDTH="43%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;/s/ Richard A. Keffer<!-- NAME --> </FONT></TD>
  </TR>
  <TR VALIGN="TOP">
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD>&nbsp; </TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD> <HR NOSHADE SIZE="1"> </TD>
  </TR>
</TABLE>

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  <TR VALIGN="BOTTOM">
    <TD WIDTH="52%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name:</FONT></TD>
    <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Richard A. Keffer<!-- NAME --></FONT></TD>
</TR>
  <TR VALIGN="BOTTOM">
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Title:&nbsp;</FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">General Counsel and Secretary <!-- TITLE --></FONT></TD></TR>
</TABLE>
<BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>March
5, 2004 </FONT></TD></TR></TABLE><BR>

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</TD></TR></TABLE><BR>


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<TR VALIGN=TOP>
<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>AURORA
FOODS INC.<BR>                                      CURRENT REPORT ON FORM 8-K<BR>
                                     REPORT DATED MARCH 5, 2004 </FONT></TD></TR>
</TABLE>
<BR>



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<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT
INDEX </FONT></TD></TR>
</TABLE>
<BR>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Exhibit No.</U> </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                        <U> Description</U> </FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.1  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First
Amended Joint Reorganization Plan of Aurora Foods Inc. and Sea
                                     Coast Foods, Inc., as Modified, dated February 17,
2004 </FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Exhibit Index" FSL="Project" -->
<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.2  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Findings
of Fact, Conclusions of Law, and Order under 11 U.S.C.
                                   ss. 1129(a) and (b) and Fed. R. Bankr. P. 3020
Confirming First Amended                                      Joint Reorganization Plan
of Aurora Foods Inc. and Sea Coast Foods,                                      Inc., as
Modified, as entered by the United States Bankruptcy Court
                                     for the District of Delaware on February 20, 2004</FONT></TD>
</TR>
</TABLE>

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<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

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<TD WIDTH=13%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99  </FONT></TD>
<TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=84%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Monthly
Operating Report for the month of January, 2004 </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD><HR SIZE=5 NOSHADE COLOR="BLACK">
</TD></TR></TABLE><BR>




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Aurora 8K
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 5, 2004 (FEBRUARY 20, 2004)
AURORA FOODS INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware
001-14255
94-3303521
(STATE OR OTHER JURISDICTION
OF INCORPORATION OR ORGANIZATION)
(COMMISSION
FILE NUMBER)
(IRS EMPLOYER
IDENTIFICATION NO.)
11432 Lackland Road
St. Louis, Missouri
63146
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(ZIP CODE)
(314) 801-2300
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NA
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 3.
BANKRUPTCY OR RECEIVERSHIP
On
February 20, 2004, the First Amended Joint Reorganization Plan of Aurora Foods Inc. and
Sea Coast Foods, Inc., as Modified, dated February 17, 2004 (the "Plan"), was confirmed
by order (the "Confirmation Order") of the United States Bankruptcy Court for the
District of Delaware (the "Court").  Copies of the Plan and the Confirmation Order are
attached hereto as Exhibits 2.1 and 2.2, respectively.  Capitalized terms used but not
defined in this Current Report on Form 8-K have the meanings set forth in the Plan.
As
previously disclosed, Aurora Foods Inc. ("Aurora") and its subsidiary Sea Coast Foods,
Inc.  ("Sea Coast" and together with Aurora, the "Debtors") filed petitions under chapter
11 of title 11 of the United States Code (the "Bankruptcy Code") on December 8, 2003.
 These cases (the "Cases") were consolidated for procedural purposes only and have been
jointly administered.  The lead bankruptcy case is Case No. 03-13744 (MFW).  The Debtors
have remained in possession of their assets and properties and have continued to operate
their businesses as "debtors-in-possession" under the jurisdiction of the Court and in
accordance with the applicable provisions of the Bankruptcy Code.
The
following is a summary of the matters contemplated to occur pursuant to or in connection
with implementation of the Plan.  This summary only highlights certain of the substantive
provisions of the Plan and is not intended to be a complete description of, or a
substitute for a full and complete reading of, the Plan.
The
Plan provides, among other things, for (i) the substantive consolidation of the Debtors,
(ii) the merger (the "Merger") of Pinnacle Foods Holding Corporation ("Pinnacle") with
and into Aurora, (iii) the payment in full of the Allowed Claims of holders of
Prepetition Lender Claims, holders of Prepetition Senior Unsecured Note Claims, and all
vendors and trade creditors, and (iv) the issuance or payment (as applicable) to the
holders of Sub Debt of (a) cash or (b) indirect equity interests in, and rights to
subscribe for additional indirect equity interests in, the surviving corporation of the
Merger ("Reorganized Aurora").
Although
the Court has confirmed the Plan, many actions contemplated in the Confirmation Order and
the Plan are effective only upon consummation of the Plan.  A condition to the
consummation of the Plan is the closing of the transactions contemplated by the Merger
Agreement (as defined below), which remain subject to a number of conditions.  No
assurance can be given that the conditions to closing the transactions will be satisfied,
or that the transactions ultimately will be consummated.
On
February 24, 2004, R² Top Hat, Ltd. ("R²"), a holder of Prepetition Lender Claims,
appealed the Confirmation Order.  In addition, R² filed an emergency motion seeking a
stay of the Confirmation Order pending its appeal.  On February 27, 2004, the Bankruptcy
Court denied R²'s request for a stay.  R² has also appealed the Bankruptcy Court's
dismissal of its complaint in a related proceeding that was based on issues similar to
those R² raised in its objection to the Plan.
A.
General
Structure of the Plan
Under
the Plan, there are three classes of Impaired Claims or Interests: Class 6 Sub Debt
Claims, Class 7 Subordinated Claims, and Class 8 Old Equity Interests.  All other Classes
of Claims are Unimpaired by the Plan and will receive a cash payment or such other
treatment that will not impair such Holders under Bankruptcy Code section 1124 on account
of their Allowed Claims, as provided in the Plan.
B.
The
Merger Agreement
On
November 25, 2003, Aurora and Crunch Equity Holding, LLC ("CEH LLC") entered into an
Agreement and Plan of Reorganization and Merger (as amended on January 8, 2004, the
"Merger Agreement") providing for the Merger of Pinnacle and Aurora.  CEH LLC was formed
by J.P. Morgan Partners, LLC, J.W. Childs Equity Partners III, L.P., and CDM Investor
Group LLC (together, the "New Equity Investors") and indirectly owns all of the
outstanding capital stock of Pinnacle.  The Merger Agreement contemplates the
Restructuring Transaction pursuant to the Plan.  The Merger Agreement, and the amendment
thereto, were filed with the Securities and Exchange Commission (the "SEC") as Exhibit
2.1 to Aurora's Current Report on Form 8-K filed on November 26, 2003 and Exhibit 2.1 to
Aurora's Current Report on Form 8-K filed on January 13, 2004, respectively.
C.
Substantive
Consolidation
The
Court has ordered that, as of the Effective Date, the Debtors' Estates and Chapter 11
Cases will be substantively consolidated for the purposes of all actions associated with
confirmation and consummation of the Plan.  On the Effective Date, (i) all guarantees of
either Debtor of the payment, performance or collection of the other Debtor with respect
to Claims will be deemed eliminated and cancelled, (ii) any obligation of either Debtor
and all guarantees with respect to Claims thereof executed by the other Debtor will be
treated as a single obligation and an obligation of both Debtors, and all multiple
Impaired Claims against such entities on account of such joint obligations will be
treated and Allowed only as a single Impaired Claim against the consolidated Debtors,
(iii) no distributions will be made under the Plan on account of Intercompany Claims
between the Debtors, and (iv) each Claim Filed or to be Filed against either Debtor will
be deemed Filed against the consolidated Debtors and will be deemed a single Claim
against and a single obligation of the consolidated Debtors.
D.
The
Debtors' Previously Outstanding Securities
On
the Effective Date, except as otherwise provided for in the Plan, (a) the Prepetition
Senior Secured Notes, Prepetition Senior Unsecured Notes, Sub Debt, Old Equity, any other
notes, bonds (with the exception of surety bonds outstanding), indentures or other
instruments or documents evidencing or creating any indebtedness or any obligations of a
Debtor that are Impaired under the Plan will be cancelled, and (b) the obligations of the
Debtors under any agreements, indentures or certificates of designation governing the
Prepetition Senior Secured Notes, Prepetition Senior Unsecured Notes, Sub Debt, Old
Equity and any other notes, bonds (with the exception of surety bonds outstanding),
indentures or other instruments or documents evidencing or creating any indebtedness or
any obligations of a Debtor that are Impaired under the Plan will be discharged; provided
that the indentures for the Sub Debt will be deemed to survive the Effective Date solely
to effectuate distributions to be made to Holders of Sub Debt as provided in the Plan,
and to enforce the rights (including without limitation, rights under sections 7.2, 7.4,
7.7, and 10.13 of the indentures relating to the Sub Debt) and administrative functions
of the Indenture Trustee as provided in the indentures for the Sub Debt and in the Plan.
 As of the Effective Date, all Old Equity that has been authorized to be issued but that
has not been issued will be deemed cancelled and extinguished without any further action
of any party.
E.
Corporate
Actions
On
the Effective Date, all actions contemplated by the Plan will be deemed authorized and
approved in all respects (subject to the provisions of the Plan), including, without
limitation, the following: (a) the adoption of the Amended Certificate of Incorporation
and Bylaws; (b) the issuance of the New Securities; (c) the cancellation of the Old
Equity and all other old securities; (d) the execution and the delivery of, and the
performance under, each of the Merger Agreement, the Transaction Documents, the Indemnity
Agreement and related documents and agreements, the Amended Certificate of Incorporation
and Bylaws and all documents and agreements contemplated by or relating to any of the
foregoing; and (e) the removal of all members of Aurora's Board of Directors and the
election of all members of the Board of Directors of Reorganized Aurora designated
pursuant to the Merger Agreement.  All matters provided for under the Plan involving the
corporate structure of the Debtors or the Reorganized Debtors in any corporate action
required by the Debtors or the Reorganized Debtors in connection with the Plan will be
deemed to have occurred and will be in effect pursuant to the Bankruptcy Code, without
any requirement of further action by the shareholders or the directors of the Debtors or
the Reorganized Debtors.  On the Effective Date, the appropriate officers of the
Reorganized Debtors are authorized and directed to execute and to deliver any agreements,
documents and instruments contemplated by the Plan or the Merger Agreement, the
Transaction Documents, the Indemnity Agreement and related documents and agreements in
the name and on behalf of the Reorganized Debtors.
F.
Amendment
of Charters and By-laws
On
the Effective Date, the certificate of incorporation and by-laws of Aurora and the
articles of incorporation of Sea Coast will be amended as necessary to satisfy the
provisions of the Plan and the Bankruptcy Code.  The amended certificate of incorporation
of Aurora will, among other things: (a) provide, pursuant to section 1123(a)(6) of the
Bankruptcy Code, for a provision prohibiting the issuance of non-voting equity
securities, and (b) reduce the authorized shares of capital stock to 100 shares.  The
articles of incorporation of Sea Coast will be amended to provide, pursuant to section
1123(a)(6) of the Bankruptcy Code, for a provision prohibiting the issuance of non-voting
equity securities.
G.
The
Reorganized Debtors' Organizational Structure
Following
the consummation of the Merger on the Effective Date, (i) Reorganized Aurora will be the
surviving corporation of the Merger and the combined business of Pinnacle and Aurora will
be conducted by Reorganized Aurora, (ii) Sea Coast and each of Pinnacle's subsidiaries as
of the Effective Date will be subsidiaries of Reorganized Aurora, (iii) Reorganized
Aurora will be a direct, wholly-owned subsidiary of Crunch Holding Corp. ("Holding"),
(iv) Holding will be a direct, wholly-owned subsidiary of CEH LLC, (v) the equity
interests of CEH LLC will be held by (a) the New Equity Investors and/or their affiliates
and (b) Crunch Equity Voting Trust (the "Trust"), and (vi) the Trust interests will be
held by (a) holders of Sub Debt that made an Equity Election to receive indirect equity
interests in Reorganized Aurora, including holders that also exercised related
subscription rights, and (b) J.P. Morgan Partners, LLC and J.W. Childs Equity Partners
III, L.P. as a result of their subscription for Trust interests which were not subscribed
for by holders of Sub Debt.
H.
Classes
and Treatment of Claims and Interests
1.
Overview
All
Claims and Interests, except Administrative Claims and Priority Tax Claims, are placed in
the Classes set forth below.  In accordance with Bankruptcy Code section 1123(a)(1),
Administrative Claims and Priority Tax Claims, as described below, have not been
classified.
A
Claim or Interest is placed in a particular Class only to the extent that the Claim or
Interest falls within the description of that Class and is classified in other Classes to
the extent that any portion of the Claim or Interest falls within the description of such
other Classes.  A Claim or Interest is also placed in a particular Class under the Plan
only to the extent that such Claim or Interest is an Allowed Claim or Interest in that
Class and such Claim or Interest has not been paid, released or otherwise settled before
the Effective Date.
2.
Unclassified
Claims that are not entitled to vote on the Plan
a.
Administrative
Claims
.  Subject to the provisions of Bankruptcy Code sections 330(a), 331 and
503(b), each Administrative Claim will be paid by the Debtors, at their election, (i) in
full, in cash, in such amounts as are incurred in the ordinary course of business by the
Debtors, or in such amount as such Administrative Claim is Allowed by the Court upon the
later of the Distribution Date or the date upon which there is a Final Order allowing
such Administrative Claim, (ii) upon such other terms as may exist in the ordinary course
of the Debtors' businesses or (iii) upon such other terms as may be agreed upon between
the Holder of such Administrative Claim and the Debtors.
(i)
Professional
Fees
.  All final requests for compensation or reimbursement of Professional Fee
Claims pursuant to Bankruptcy Code sections 327, 328, 330, 331, 503(b), or 1103 for
services rendered to the Debtors or the Committee prior to the Effective Date must be
filed and served on the Reorganized Debtors and their counsel no later than 90 days after
the Effective Date, unless otherwise ordered by the Court.  Objections to applications of
such Professionals or other entities for compensation or reimbursement of expenses must
be filed and served on the Reorganized Debtors and their counsel and the requesting
Professional or other entity no later than 20 days (or such longer period as may be
allowed by order of the Court) after the date on which the applicable application for
compensation or reimbursement was served.
(ii)
Claims Under
the DIP Facility
.  On the Effective Date, all amounts outstanding under the DIP
Facility will be paid in full (1) in cash or (2) as otherwise may be provided in the DIP
Facility.
b.
Priority Tax
Claims
.  The legal and equitable rights of the Holders of Priority Tax Claims are
unaltered by the Plan.  On, or as soon as reasonably practicable after, (i) the
Distribution Date if such Priority Tax Claim is an Allowed Priority Tax Claim as of the
Effective Date or (ii) the date on which such Priority Tax Claim becomes an Allowed
Priority Tax Claim, each Holder of an Allowed Priority Tax Claim will receive in full
satisfaction, settlement and release of and in exchange for such Allowed Priority Tax
Claim, at the election of the Debtors: (w) to the extent due and owing on the Effective
Date, cash equal to the amount of such Allowed Priority Tax Claim; (x) to the extent not
due and owing on the Effective Date, cash when and as such Claim becomes due and owing in
the ordinary course of business in accordance with the terms thereof; (y) such other
treatment as to which the Debtors or the Reorganized Debtors and the Holder of such Claim
will have agreed upon in writing; or (z) such other treatment in any other manner such
that the Claim will not be impaired under Bankruptcy Code section 1124, including payment
in accordance with the provisions of Bankruptcy Code section 1129(a)(9)(C) over a period
of not more than six (6) years from the date of assessment of any such Priority Tax
Claim.
c.
Indenture
Trustee Claims
.  The Indenture Trustee will be paid promptly on account of any claims
for its rights to indemnity and compensation under section 7.7 of the indentures relating
to the Sub Debt for reasonable fees, costs and expenses as Indenture Trustee including,
but not limited to, the reasonable fees, costs and expenses of the Indenture Trustee and
its professionals incurred prior to, on or after the Petition Date (including accrued and
unpaid trustees fees as of the Petition Date) (collectively, such fees, costs and
expenses, the "Indenture Trustee Claims") to the extent that the Indenture Trustee Claims
are either (i) not in dispute by the Debtors, the Reorganized Debtors or Reorganized
Aurora or (ii) in the event of any such dispute, determined by a Final Order of the
Bankruptcy Court or other court having jurisdiction. Without limiting the foregoing,
under the Plan, the Debtors, the Reorganized Debtors and Reorganized Aurora, jointly and
severally, will pay, indemnify and compensate the Indenture Trustee pursuant to section
7.7 of the indentures relating to the Sub Debt, and such obligation constitutes a
"separate fee agreement" between the Indenture Trustee and the Debtors, the Reorganized
Debtors and Reorganized Aurora for purposes of section 7.7 of the indentures relating to
the Sub Debt.  All Indenture Trustee Claims will be paid within ten (10) days after the
Debtors', the Reorganized Debtors', or Reorganized Aurora's receipt of an invoice for
such Indenture Trustee Claims (or any portion thereof); provided, however, that any
disputed Indenture Trustee Claims will be paid within ten (10) days after entry of a
Final Order requiring the payment of such Allowed Indenture Trustee Claims.
Notwithstanding any other provision of the Plan, the Confirmation Order, or the passage
of the Effective Date, the Indenture Trustee's rights to indemnity and compensation
(including without limitation, the Indenture Trustee's charging lien) pursuant to section
7.7 of the indentures relating to the Sub Debt will be enforceable and will survive the
entry of a Confirmation Order and the Effective Date. The Indenture Trustee's
professionals will not be required to file a motion or application under Section
3.1(a)(i) of the Plan.
Except
as otherwise ordered by the Bankruptcy Court, on notice to the Indenture Trustee, no
entity may replace the Indenture Trustee as the Exchange Agent with respect to the Sub
Debt so long as any Indenture Trustee Claims remain unpaid.  The original Indenture
Trustee's charging lien will survive such replacement until the original Indenture
Trustee is paid in full.  The Indenture Trustee's rights under Section 3.1(c) of the Plan
are in addition to any other rights of the Indenture Trustee as an Exchange Agent under
the Plan and the Merger Agreement.
3.
Unimpaired Classes of Claims
a.
Class 1:
 Non-Tax Priority Claims
.  The legal, equitable and contractual rights of the Holders
of Class 1 Claims are unaltered by the Plan.  On, or as soon as reasonably practicable
after, (i) the Distribution Date if such Class 1 Claim is an Allowed Class 1 Claim on the
Effective Date or (ii) if such Class 1 Claim is not an Allowed Class 1 Claim on the
Effective Date, the date on which such Class 1 Claim becomes an Allowed Class 1 Claim,
each Holder of an Allowed Class 1 Claim will receive in full satisfaction, settlement of
and in exchange for, such Allowed Class 1 Claim, at the election of the Debtors:  (w) to
the extent then due and owing, cash in an amount equal to such Allowed Class 1 Claim; (x)
to the extent not then due and owing, cash when and as such Claim becomes due and owing
in the ordinary course of business in accordance with the terms thereof; (y) such other
treatment as to which the Holder of such Claim and the Debtors or Reorganized Debtors
agree in writing; or (z) such other treatment in any other manner such that the Claim
will not be impaired under Bankruptcy Code section 1124.
b.
Class 2:
 Other Secured Claims
.  The legal, equitable and contractual rights of the Holders of
Class 2 Claims are unaltered by the Plan.  On, or as soon as reasonably practicable
after, (i) the Distribution Date if such Class 2 Claim is an Allowed Class 2 Claim on the
Effective Date or (ii) if such Class 2 Claim is not an Allowed Class 2 Claim on the
Effective Date, the date on which such Class 2 Claim becomes an Allowed Class 2 Claim,
each Holder of an Allowed Class 2 Claim will receive in full satisfaction, settlement of
and in exchange for, such Allowed Class 2 Claim, at the election of the Debtors:  (w) to
the extent then due and owing, cash in an amount equal to such Allowed Class 2 Claim; (x)
to the extent not then due and owing, cash when and as such Claim becomes due and owing
in the ordinary course of business in accordance with the terms thereof; (y) such other
treatment as to which the Holder of such Claim and the Debtors or Reorganized Debtors
agree in writing; or (z) such other treatment in any other manner such that the Claim
will not be impaired under Bankruptcy Code section 1124.
c.
Class 3:
 Unimpaired Unsecured Claims
.  The legal, equitable and contractual rights of the
Holders of Class 3 Claims are unaltered by the Plan.  On, or as soon as reasonably
practicable after, (i) the Distribution Date if such Class 3 Claim is an Allowed Class 3
Claim on the Effective Date or (ii) if such Class 3 Claim is not an Allowed Class 3 Claim
on the Effective Date, the date on which such Class 3 Claim becomes an Allowed Class 3
Claim, each Holder of an Allowed Class 3 Claim will receive in full satisfaction,
settlement of and in exchange for, such Allowed Class 3 Claim, at the election of the
Debtors:  (w) to the extent then due and owing, cash in an amount equal to such Allowed
Class 3 Claim; (x) to the extent not then due and owing, cash when and as such Claim
becomes due and owing in the ordinary course of business in accordance with the terms
thereof; (y) such other treatment as to which the Holder of such Claim and the Debtors or
Reorganized Debtors agree in writing; or (z) such other treatment in any other manner
such that the Claim will not be impaired under Bankruptcy Code section 1124.
d.
Class 4:
 Prepetition Lender Claims
.  The legal, equitable and contractual rights of the Holders
of Class 4 are unimpaired by the Plan.  On the Effective Date, each Holder of an Allowed
Class 4 Claim will receive in full satisfaction, settlement of and in exchange for, such
Allowed Class 4 Claim, cash in the Allowed amount of such Holder's Allowed Class 4 Claim,
and all letters of credit issued under the Prepetition Credit Agreement will be cancelled
and returned to the Agent.  The Debtors' indemnification obligations under the
Prepetition Credit Agreement (including Section 10.3 thereof) will survive the Effective
Date, will not be discharged, and will continue to be enforceable in accordance with the
terms of the Prepetition Credit Agreement against the Reorganized Debtors.
In
no event will any Claim in respect of the "Excess Leverage and Asset Sale Fee" (as
defined in the Amendment and Forbearance to the Prepetition Credit Agreement, dated as of
October 13, 2003 (the "Amendment and Forbearance")), or in respect of any "Asset Sale
Fee" or "Excess Leverage Fee" under section 2.3 of the Prepetition Credit Agreement in
effect immediately prior to the Amendment and Forbearance, be Allowed either under the
Plan (as a Class 4 Claim or otherwise) or as a Claim against any of the Reorganized
Debtors in an amount that exceeds the amount of the Excess Leverage and Asset Sale Fee
set forth in, and calculated in accordance with, the Amendment and Forbearance.
e.
Class 5:
 Prepetition Senior Unsecured Note Claims
.  The legal, equitable and contractual
rights of the Holders of Class 5 are unimpaired by the Plan.  On the Distribution Date,
each Holder of an Allowed Class 5 Claim will receive in full satisfaction, settlement of
and in exchange for, such Allowed Class 5 Claim, cash in the Allowed amount of such
Holder's Allowed Class 5 Claim.
f.
Special
Provision Regarding Claims
.  Except as otherwise provided in the Plan, nothing will
affect the Debtors' or the Reorganized Debtors' rights and defenses, both legal and
equitable, with respect to any Claims, including, but not limited to, all rights with
respect to legal and equitable defenses to setoffs or recoupments against Claims.
4.
Impaired Classes
of Claims - Class 6:  Sub Debt Claims
.  On the Distribution Date, each Holder of an
Allowed Class 6 Claim will receive, in full satisfaction, settlement of and in exchange
for, its Allowed Class 6 Claim, either (i) the Sub Debt Equity Consideration (subject to,
among other things, the terms of the Indemnity Agreement) if such Holder made a valid
Equity Election or (ii) the Sub Debt Cash Consideration if such Holder made a valid Cash
Election or failed to make a valid Equity Election.
5.
Impaired
Classes of Interests and Subordinated Claims
a.
Class 7:
Subordinated Claims
.  The Holders of Subordinated Claims will not receive or retain
any distribution on account of such Subordinated Claims.
b.
Class 8: Old
Equity Interests
.  On the Effective Date, the Old Equity Interests will be cancelled
and the Holders of Old Equity Interests will not receive any distribution or retain any
Interests on account of such Old Equity Interests.
I.
Information
Concerning the Debtors' Assets and Liabilities
Information
concerning the assets and liabilities of the Debtors can be found in the Operating Report
(as defined below) for the month of January, 2004.
ITEM 5.
OTHER EVENTS AND REQUIRED FD DISCLOSURE
On
March 5, 2004, the Debtors filed an unaudited consolidated Monthly Operating Report (the
"Operating Report") for the month of January, 2004 with the Court in connection with the
Cases.  The Operating Report was filed pursuant to Rule 2015 under the Bankruptcy Code
and is attached hereto as Exhibit 99.
Cautionary
Statement Regarding Operating Report as filed with the Court.
Aurora
has not yet completed the financial and accounting closing procedures relative to its
December 31, 2003 financial statements.  Therefore, the information contained in the
Operating Report is preliminary and subject to revision, and Aurora cautions readers not
to place undue reliance upon this information.  The Operating Report is unaudited, in a
format prescribed by the applicable bankruptcy laws, and does not contain any footnotes
or all of the information necessary to be in conformity with generally accepted
accounting principles.  The Operating Report also contains information for a period that
is different from those contained in Aurora's reports pursuant to the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). The information in the Operating Report
might not be indicative of the Debtors' financial condition or operating results for the
period that would be reflected in the Aurora's consolidated financial statements or in
its reports pursuant to the Exchange Act. The information set forth in the Operating
Report should not be viewed as indicative of future results and should not be used for
investment purposes.
ITEM 7.
EXHIBITS.
(c)
Exhibits.
Exhibit No.
Description
2.1
First
Amended Joint Reorganization Plan of Aurora Foods Inc. and Sea Coast Foods, Inc., as Modified, dated February 17,
2004
2.2
Findings
of Fact, Conclusions of Law, and Order under 11 U.S.C.
                                   ss. 1129(a) and (b) and Fed. R. Bankr. P. 3020
Confirming First Amended                                      Joint Reorganization Plan
of Aurora Foods Inc. and Sea Coast Foods,                                      Inc., as
Modified, as entered by the United States Bankruptcy Court
                                     for the District of Delaware on February 20, 2004
99
Monthly
Operating Report for the month of January, 2004
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 hereunto duly authorized.
AURORA FOODS INC.
:
By:
/s/ Richard A. Keffer
Name:
Richard A. Keffer
Title:
General Counsel and Secretary
March
5, 2004
AURORA
FOODS INC.
CURRENT REPORT ON FORM 8-K
REPORT DATED MARCH 5, 2004
EXHIBIT
INDEX
Exhibit No.
Description
2.1
First
Amended Joint Reorganization Plan of Aurora Foods Inc. and Sea
                                     Coast Foods, Inc., as Modified, dated February 17,
2004
2.2
Findings
of Fact, Conclusions of Law, and Order under 11 U.S.C.
                                   ss. 1129(a) and (b) and Fed. R. Bankr. P. 3020
Confirming First Amended                                      Joint Reorganization Plan
of Aurora Foods Inc. and Sea Coast Foods,                                      Inc., as
Modified, as entered by the United States Bankruptcy Court
                                     for the District of Delaware on February 20, 2004
99
Monthly
Operating Report for the month of January, 2004