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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): January 4, 2000
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SIMMONS COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 333-76723 06-1007444
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
One Concourse Parkway, Atlanta, Georgia 30328
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 512-7700
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ITEM 5. OTHER EVENTS.
On January 4, 2000, Simmons Company, a Delaware corporation (the
"Company") and a wholly owned subsidiary of Simmons Holdings, Inc., a Delaware
corporation ("Holdings"), announced the election of Charles R. Eitel as Chairman
and Chief Executive Officer, and a director of each of Holdings and the Company.
Charles R. Eitel succeeds Zenon S. Nie who is resigning as Chairman, President,
Chief Executive Officer and a director of Holdings and the Company and from all
offices and positions held with each subsidiary of Holdings, including the
Company.
Attached as Exhibit 99.1 is a press release issued today by the Company
in connection with the foregoing.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
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99.1 Press Release of the Company dated January 4, 2000.
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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.
SIMMONS COMPANY
By: /s/ Jonathan C. Daiker
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Jonathan C. Daiker
Executive Vice President--Finance and
Administration, Chief Financial Officer
and Director
(Principal Accounting Officer)
Date: January 5, 2000
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EXHIBIT INDEX
99.1 Press Release of the Company dated January 4, 2000.
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Simmons Company
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CONTACT:
JOSEPH W. MCDONNELL
BROADGATE
CONSULTANTS 212-232-2222
FOR IMMEDIATE RELEASE
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SIMMONS COMPANY NAMES NEW CHIEF EXECUTIVE
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ATLANTA, JANUARY 4, 2000--Privately held Simmons Company, a branded bedding
company, today announced that Charles R. Eitel has been appointed Chairman and
Chief Executive Officer, effective immediately. He replaces Zenon Nie, who
resigned to pursue other opportunities.
Mr. Eitel, the former President and Chief Operating Officer of
Interface, Inc., a leading global manufacturer and marketer of floorcoverings,
interior fabrics and architectural raised floors, has a track record of growing
successful businesses. Earlier in his career, Mr. Eitel served as the President
and Chief Executive Officer of Collins & Aikman Floorcoverings, Carriage
Industries and Coronet Carpets.
Founded in 1871, Simmons is a leading manufacturer and distributor of
premium branded bedding products in the U.S. and the world leader in Pocketed
Coil(TM) innerspring technology. The company designs, manufactures, distributes
and licenses a broad range of mattresses, box springs, bedding frames and sleep
accessories under well recognized brand names, including Simmons(R),
Beautyrest(R), BackCare(R), Connoisseur Collection, and Maxipedic(R). Simmons'
product lines are sold throughout the U.S. in specialty sleep shops, department
and furniture stores and other retail outlets, and around the world through
international licensing agreements. The Company manufactures its products in 18
facilities
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Simmons Company
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in the U.S. and licenses its products in 17 countries on five
continents. Simmons employs 2,800 people.
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