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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: July 31, 1998
ABERCROMBIE & FITCH CO.
(Exact name of registrant as specified in its charter)
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Delaware 1-12107 31-1469076
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
Four Limited Parkway East 43068
Reynoldsburg, Ohio (Zip Code)
(Address of principal
executive offices)
Registrant's telephone number, including area code: (614) 577-6500
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
See the attached press release dated July 16, 1998.
Page 2 of 4 Pages
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, thereunto duly authorized.
ABERCROMBIE & FITCH CO.
By: /s/ Seth R. Johnson
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Seth R. Johnson
Vice President/Chief
Financial Officer
July 21, 1998
Page 3 of 4 Pages
ABERCROMBIE & FITCH ADOPTS STOCKHOLDER RIGHTS AND SHARE BUYBACK PLANS
REYNOLDSBURG, Ohio, July 16, 1998 /PRNewswire/ - Abercrombie & Fitch Co. (NYSE:
ANF) today announced that its Board of Directors has adopted a Stockholder
Rights Plan and a Share Buyback Plan.
Neither plan has been adopted in response to any stock acquisition plans or
proposals of others.
Under the Stockholder Rights Plan, Rights will be distributed as a dividend at
the rate of one Right for each share of common stock of the company held by
stockholders of record at the close of business on July 28, 1998. Each Right
will entitle stockholders to buy, upon occurrence of certain events, one unit of
a share of preferred stock for $250.
The Rights generally will be exercisable only if a person or group acquires
beneficial ownership of 20 percent or more of the company's common stock, or
commences a tender or exchange offer that, upon consummation, would result in a
person or group owning 20 percent of the company's common stock.
Under certain circumstances the new Rights are redeemable at a price of 1 cent
per Right and will expire on July 16, 2008.
Under the Share Buyback Plan, the Company's Board of Directors has authorized
Abercrombie & Fitch to purchase up to one million shares of its common stock
over time at such prices and on such terms as the officers of the Corporation,
in their sole discretion, determine to be in the best interest of the
Corporation.
For further information, please contact:
Lonnie Fogel, Director of Investor Relations and Communications
Abercrombie & Fitch Co.
614-577-6493
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