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 15, 1999
TULTEX CORPORATION
------------------
(Exact name of registrant as specified in its charter)
Virginia 1-8016 54-0367896
- ---------------------------- --------------- ------------------
(State or other jurisdiction Commission File IRS Employer
of incorporation) Number Identification No.
101 Commonwealth Boulevard, P.O. Box 5191, Martinsville, Virginia 24115
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 540-632-2961
------------
ITEM 5. OTHER EVENTS.
On July 15, 1999 the holders of the Company's $14.4 million convertible
subordinated notes exercised their options to convert 20% of the original
principal amount of the notes into 4,609,600 shares of the Company's common
stock. The number of shares were determined by dividing the principal amount of
the notes converted by the closing price of the Company's common stock on the
business day prior to the submission of notes for conversion. The conversion
provision of the notes allows the noteholders to convert annually, beginning
April 15, 1999, up to 20% of the original principal amount of the notes into the
Company's common stock at the then market price. The annual option to convert up
to 20% of the original principal amount is noncumulative.
<PAGE>
SIGNATURES
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: August 5, 1999
TULTEX CORPORATION
------------------------
(Registrant)
By: /s/ P.W. Harris
------------------------
P. Woolard Harris
Vice President and Chief Financial Officer
