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 9, 2001
CHARLES & COLVARD, LTD.
(Exact name of Registrant as specified in its charter)
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North Carolina 0-23329 56-0308470
(State or other jurisdiction of (Commission File No.) (IRS Employer Identification No.)
incorporation or organization)
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3800 Gateway Boulevard
Suite 310
Morrisville, North Carolina 27560
(Address of principal executive offices, including zip code)
(919) 468-0399
(Registrant's telephone number, including area code)
(Former name or Former Address if
Changed Since Last Report)
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ITEM 5. Other Events.
On January 9, 2001, Charles & Colvard, Ltd. announced its shipments and
revenue expectations for the fourth quarter of 2000, its approximate cash
position as of year-end and its letter agreement with Cree, Inc., its sole
supplier, with respect to 2001 purchases.
A copy of the press release issued by the Company is filed herewith
as Exhibit 99.1. A copy of the agreement with Cree, Inc. is filed herewith as
Exhibit 99.2
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release dated January 9, 2001.
99.2+ Letter Agreement between with Cree, Inc. and Charles &
Colvard, Ltd. dated as of December 7, 2000.
+ We have requested confidential treatment of specific portions of
this exhibit pursuant to Rule 24b-2 of the Securities Exchange Act of
1934. The entire agreement has been filed separately with the
Securities and Exchange Commission.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
CHARLES & COLVARD, LTD.
Date: January 9, 2001 By: /s/ Robert S. Thomas
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Robert S. Thomas
President and Chief Executive Officer
