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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): August 8, 2000
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Crown Crafts, Inc.
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(Exact name of registrant as specified in its charter)
Georgia 1-7604 58-0678148
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
1600 RiverEdge Parkway, Suite 200, Atlanta, Georgia 30328
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 644-6400
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Item 5. Other Events.
The Company has reached an agreement in principle with its lenders to
extend from August 31, 2000 to April 3, 2001 the expiration date of its loan
agreements.
The agreement was reached following presentations by the Company to
Wachovia Bank, N.A., Bank of America, N.A. and the Company's long-term lender,
The Prudential Insurance Company of America, of a cost reduction and control
plan and other proposed actions to return the Company to profitability. The
lenders have agreed in principle to reset the convenants to be consistent with
the plan. Formal documents reflecting the new arrangements are expected to be
prepared and executed as soon as practical.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CROWN CRAFTS, INC.
By: /s/ John A. Magee
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Name: John A. Magee
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Title: Acting President
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Dated: August 8, 2000
