SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): September 9, 1998
SIGNATURE EYEWEAR, INC.
(Exact Name of Registrant as Specified in Charter)
California 0-23001 95-3876317
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
498 North Oak Street
Inglewood, California 90302
(Address of Principal Executive Offices) (Zip Code)
(310) 330-2700
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
Reference is made to the press release of Registrant, issued on
September 9, 1998, which contains information meeting the requirements of this
Item 5, and which is incorporated in this Form 8-K by this reference. A copy of
the press release is attached to this Form 8-K as Exhibit 99.1.
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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.
September 9, 1998 SIGNATURE EYEWEAR, INC.
By: /s/ Julie Heldman
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Julie Heldman, President and
Co-Chairman of the Board
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EXHIBIT INDEX
Exhibits Page Number
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99.1 Press Release of Registrant, dated September 9, 1998. 5
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Exhibit 99.1 to Form 8-K
Contact: Michael Prince
Chief Financial Officer
(310) 330-2700
Robert M. Whetstone
Pondel Parsons & Wilkinson
(310) 207-9300
FOR IMMEDIATE RELEASE
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SIGNATURE EYEWEAR ANNOUNCES STOCK BUYBACK PROGRAM
Inglewood, CA - September 9, 1998 - Signature Eyewear, Inc. (Nasdaq:
SEYE) today announced its board of directors has authorized the repurchase of up
to $1.0 million of the company's common stock. The shares may be purchased from
time to time on the open market at prevailing prices, subject to market
conditions. Signature Eyewear has approximately 5,268,027 shares of common stock
outstanding.
"The board's action reflects its confidence in the company's long term
prospects and we believe, at current market prices, that our stock represents an
outstanding investment opportunity," said Julie Heldman, Signature Eyewear's
president.
Signature Eyewear is a leading designer and marketer of prescription
eyeglass frames under internationally recognized brand names such as Eddie Bauer
and Laura Ashley, among others. In addition to producing distinctive frame
designs, the company further distinguishes itself through innovative sales and
merchandising programs that are unique to the optical industry. Signature
Eyewear's products are distributed in the U.S. and internationally to opticians,
optometrists and ophthalmologists and sold directly to major national retail
chains.
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