FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: December 22, 2000
(Date of earliest event reported)
LEVITZ FURNITURE INCORPORATED LEVITZ FURNITURE CORPORATION
(Exact name of registrant as (Exact name of registrant as
specified in its charter) specified in its charter)
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<S> <C> <C> <C> <C> <C>
DELAWARE 1-12046 23-2351830 FLORIDA 1-5787 23-1657490
(State or other (Commission (IRS Employer (State or other (Commission (IRS Employer
jurisdiction of File Number) Identification jurisdiction of File Number) Identification
incorporation) No.) incorporation) No.)
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7887 NORTH FEDERAL HIGHWAY
BOCA RATON, FLORIDA 33487
(561) 994-6006
(Address including zip code, and telephone
number including area code of
registrants' principal executive offices)
Item 3(b). Bankruptcy or Receivership
On December 14, 2000 the United States Bankruptcy Court for
the District of Delaware entered an order confirming the Third Amended
Joint Plan of Reorganization of Levitz Furniture Incorporated (the
"Company") and its subsidiaries. The Plan's effective date (as defined
therein) is subject to certain contingencies, including financing. In
connection with the Plan, all of the Company's assets will be vested in the
reorganized Company free and clear of all claims and interests, except as
specifically provided in the Plan or the order. Complete information as to
the assets and liabilities of the Company is set forth in its Disclosure
Statement and Plan filed with the Bankruptcy Court (attached hereto as
Exhibits 2.2 and 2.1 respectively). As set forth in the plan, creditors of
the Company with allowed claims shall receive shares of common stock of the
reorganized Company. The reorganized Company is authorized to issue up to
100,000,000 shares of common stock and, it is anticipated that upon the
consummation of the Plan, there will be issued and outstanding
approximately 25,000,000 shares of common stock, of which approximately 90%
shall be issued to existing creditors of the Company.
Pursuant to the Plan, upon consummation of the Plan all
shares of the Company's common stock shall be cancelled and the Plan does
not provide for any distribution to the equity holders of the Company. As
of October 31, 2000, there were 30,071,621 shares of the Company's common
stock outstanding.
Item 7(c). Exhibits Filed
Exhibit Number Description
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2.1 Third Amended Joint Plan of Reorganization of
Levitz Furniture Incorporated.
2.2 Disclosure Statement Accompanying Third
Amended Joint Plan of Reorganization of Levitz
Furniture Incorporated.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
LEVITZ FURNITURE INCORPORATED
By:
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Edward P. Zimmer
Vice President
Date: December 22, 2000
