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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)
Octocber 15, 1996
DONNKENNY, INC.
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(Exact name of Registrant as Specified in its Charter
Delaware 0-21940 51-022889
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
1411 Broadway
New York, New York 10018
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(Address of principal executive offices)
Registrant's Telephone Number, including
area code: (212) 730-7770
Not Applicable
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(Former Address, if changed since last report)
This Current Report on Form 8-K contains forward-looking statements that
involve certain risks and uncertainties. The Company's actual results could
differ materially from the results discussed in the forward-looking statements.
Item 5. OTHER EVENTS
As previously reported on the Company's Form 8-K dated September 6,
1996, the Company announced that it was changing its fiscal year to one ending
on December 31, 1996. The Company also reported that it expects to file amended
quarterly reports for the 1995 fiscal year and the first two quarters of fiscal
1996 and that such amendments will reflect adjustments to the timing of the
recognition of sales revenues. The Company's Audit Committee is reviewing the
circumstances that now require these restatements. Additionally, the Company
preliminarily has determined that certain revenues and earnings reported in
fiscal 1994 should be reflected in fiscal 1995 and that certain sales and costs
of sales in fiscal 1995 need correction. In that regard, the Company will be
amending its Form 10-K for the fiscal year ended December 2, 1995 with respect
to the 1994 and 1995 fiscal years. While the Company expects that the amended
financial statements will reflect a reduction in 1994 and 1995 net sales and
1994 net income, 1995 net income will be correspondingly higher than previously
reported. Accordingly, the previously issued financial statements should no
longer be relied upon as the restated financial statements will reflect the
above adjustments.
SIGNATURE
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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.
DONNKENNY, INC.
By: /s/ Richard Rubin
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Richard Rubin
President
DATE: October 18, 1996
