UNITED STATES 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): November 19, 1996
BURKE MILLS, INC.
(Exact name of registrant as specified in its charter)
Commission File Number 0-5680
NORTH CAROLINA 56-0506342
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
191 Sterling Street, N.W.
Valdese, North Carolina 28690
(Address of principal executive offices) (Zip Code)
(704) 874-2261
(Registrant's telephone number, including area code)
<PAGE>
Item 5 - Other Events
- ---------------------
On November 19, 1996, Burke Mills, Inc. ("Burke") entered into an
agreement with Fibras Quimicas, S.A. ("Fiqusa"), a Mexican corporation based
in Monterrey, Mexico, under the terms of which Burke and Fiqusa would equally
own and control Fytek, S.A. de C.V. ("Fytek"), a Mexican corporation, for the
purpose of manufacturing, distributing and marketing twisted yarns and for
distributing and marketing dyed yarns outside the United States and Canada.
Burke will lease twister machines to Fytek, and Fiqusa is leasing to Fytek
twister machines, winders and a steamer. Day to day management of Fytek will
be provided by Fiqusa, although Burke and Fiqusa will have equal control of
Fytek.
In addition, Fytek will distribute dyed yarns produced by Burke as
Burke's exclusive distributor in Mexico, Central America and South America.
Other agreements were entered into among Burke, Fiqusa and Fytek under
the terms of which Fiqusa will supply polyester natural yarn to Fytek,
Fiqusa will supply flat and textured yarn to Burke and Fytek will supply
polyester twisted yarn to Burke.
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 thereunto duly authorized.
Date: December 5, 1996 BURKE MILLS, INC.
/s Richard F. Whisenant
Richard F. Whisenant
(President)
