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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): MARCH 1, 2000
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HANOVER DIRECT, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 1-12082 13-0853260
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(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NUMBER)
1500 HARBOR BOULEVARD
WEEHAWKEN, NEW JERSEY 07087
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(ADDRESS OF PRINCIPAL (ZIP CODE)
EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (201) 863-7300
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On March 1, 2000 Hanover Direct, Inc., a Delaware corporation,
increased the size of its Board of Directors from eleven (11) to twelve (12)
members and elected Basil P. Regan to fill the newly created directorship.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit 20. Other documents or statements to security holders. Press
Release dated March 6, 2000 in regard to election of Basil Regan to Board of
Directors of Hanover Direct, Inc.
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.
HANOVER DIRECT, INC.
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(Registrant)
Date: March 10, 2000 By: /s/ Brian C. Harriss
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Name: Brian C. Harriss
Title: Senior Vice President
& Chief Financial Officer
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HANOVER DIRECT
FOR IMMEDIATE RELEASE
CONTACT: Hanover Direct, Inc. AGG International Public Relations
Brian C. Harriss Paula Zwerdling / [email protected]
Sr. VP - Chief Financial Officer Paul Scott / [email protected]
Tel: (201) 272-3224 Tel: (212) 869-8230
HANOVER DIRECT ELECTS BASIL REGAN TO
BOARD OF DIRECTORS
WEEHAWKEN, NJ, March 6, 2000 - Hanover Direct, Inc. (AMEX: HNTV) today announced
the election of Basil P. Regan to the Company's Board of Directors. The
election of Mr. Regan became effective March 1, 2000 bringing the total number
of directors to twelve.
"We are extremely pleased to announce the election of Basil to our Board,"
stated Rakesh K. Kaul, President and CEO of Hanover Direct, Inc. "His more than
thirty years of experience as an investment and portfolio manager will help
guide Hanover Direct to increase its visibility within the investment
community."
Regan Partners, L.P. holds approximately 20% of Hanover Direct.
Basil Regan founded Regan Partners, L.P. in 1989 as a limited partnership that
invests primarily in undervalued companies implementing new growth strategies
as they realize their true wealth potential. Prior to founding Regan Partners,
Mr. Regan held positions at several investment and portfolio management
companies. He acted as Vice President and Director of Equity Research at
Reliance Group Holdings. He was a Partner at PPN Partners, a Portfolio Manager
at Steinhardt Partners and Senior Vice President and Director of Research at
The Madison Fund. Regan earned his B.A. from Colgate University and his M.B.A.
from Columbia University.
Hanover Direct, Inc. (AMEX: HNV), and its business units, provide quality,
branded merchandise through a portfolio of catalogs and e-commerce platforms to
consumers, as well as a comprehensive range of Internet, e-commerce, and
fulfillment services to businesses. Hanover Brands, Inc. is comprised of the
Company's catalog and e-commerce web site portfolio of home fashions, apparel
and gift brands, including DOMESTICATIONS, THE COMPANY STORE, TURLYA,
DOMESTICATIONS KITCHEN & GARDEN, KITCHEN & HOME, ENCORE, IMPROVEMENTS, THE
SAFETY ZONE, SILHOUETTES, TWEEDS, INTERNATIONAL MALE, UNDERGEAR, AND GUMP'S BY
MAIL. Hanover Direct is the exclusive distributor of the COMPAGNIE DE LA CHINE
brand in North America; the Company owns GUMP'S, a retail store based in San
Francisco; and the Company has a majority equity stake in ALWAYS IN STYLE(R).
Each brand can be accessed on the Internet individually by name. Erizon, Inc.
is comprised of Keystone Internet Services, Inc. (www.keystoneinternet.com),
the Company's third party, end-to-end, fulfillment, logistics and e-care
provider, and Desius, LLC, the Company's joint venture with RS Software India,
Limited, offering 24/7-web shop services and e-commerce systems development.
The division also services the logistical, IT and fulfillment needs of the
Hanover Brands division. Information on Hanover Direct, including each of its
subsidiaries, can be accessed on the Internet at www.hanoverdirect.com.
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