SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 19, 2000
Commission file numbers 333-42411 and 333-42411-01
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Glenoit Corporation
(Exact name of registrant as specified in its charter)
Delaware 13-3862561
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
Glenoit Asset Corporation
(Exact name of registrant as specified in its charter)
Delaware 51-0343206
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
111 West 40th Street
New York, New York 10018
Telephone: (212) 391-3915
(Address, including zip code, and telephone number, including area code, of
Registrant's principal executive offices)
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Item 5. Other Events
On June 19, 2000, the Company announced that it had entered into
lock-up letters with certain holders of its 11% Senior Subordinated Notes.
Pursuant to terms of the lock-up letters, the Company will promptly commence a
tender offer and consent solicitation from all Noteholders which will provide
for the payment to the Noteholders of 17% of the face amount of principal
outstanding (or in the absence of such cash payment, the surrender of
substantially all the equity of the Company). The lock-up letter further
provides that it will terminate if the tender offer has not been commenced by
July 15, 2000 or certain other trigger events have not occurred by agreed upon
fixed dates.
This Form 8-K/A amended the original Form 8-K as filed on June 20, 2000
to include a sample lock-up letter as an Exhibit.
Item 7. Financial Statements and Exhibits
(a) and (b) Not applicable
(c) The exhibits furnished in connection with this Report are as
follows:
Exhibit Number Description
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99.1 Company Press Release dated June 19, 2000
incorporated by reference to Exhibit 99.1 as filed by
the Company in Form 8-K on June 20, 2000.
99.2 Sample lock-up letter.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Date June 22, 2000
GLENOIT CORPORATION
By /S/ LESTER D. SEARS
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Lester D. Sears
Executive Vice President and
Chief Financial Officer
(On behalf of the Registrant and as Principal
Financial and Accounting Officer)
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Dated: June 22, 2000
GLENOIT ASSET CORPORATION
By /S/ LESTER D. SEARS
-----------------------------
Lester D. Sears
Executive Vice President and
Chief Financial Officer
(On behalf of the Registrant and as Principal
Financial and Accounting Officer)
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