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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 19, 1997
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LITTLEFIELD, ADAMS & COMPANY
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(Exact name of registrant as specified in its charter)
New Jersey 1-8176 22-1469846
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
6262 Executive Blvd., Huber Heights, Ohio 45424-1423
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (937) 236-0660
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
(a) The Common Stock of Littlefield, Adams & Company (the
"Company" or the "Registrant") to be removed from the American Stock
Exchange (the "AMEX").
(i) The last day of trading on the AMEX for the
Registrant's Common Stock will be Friday, September 5, 1997.
(ii) Please refer to the News Release issued August
19, 1997, which is attached as Exhibit 99.1.
(b) Littlefield, Adams & Company signs license agreement with
Twentieth Century Fox for "THE SIMPSONS".
(i) The Company has entered into a merchandising
license agreement with Twentieth Century Fox for the
trademark, characters and other distinctive elements of the
animated television series, "THE SIMPSONS".
(ii) Please refer to the News Release issued on August
20, 1997, which is attached as Exhibit 99.2.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
(99) Additional exhibits:
99.1 News Release issued on August 19,
1997, concerning the removal of the Registrant's Common
Stock from the American Stock Exchange.
99.2 News Release issued on August 20,
1997, concerning the Company signing a license agreement
with Twentieth Century Fox for "THE SIMPSONS".
- Littlefield, Adams & Company, August 19, 1997, Form 8-K; Page 2 -
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SIGNATURE
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.
Littlefield, Adams & Company
(Registrant)
Dated: August 28, 1997 By: /S/ DAVID M. SIMMONDS /S/
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David M. Simmonds
Chairman, Chief Executive Officer and
President
- Littlefield, Adams & Company, August 19, 1997, Form 8-K; Page 3 -
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Exhibit 99.1
LITTLEFIELD, ADAMS & COMPANY
350 FIFTH AVENUE, SUITE 4213
NEW YORK, NEW YORK 10118-1108
NEWS RELEASE
FOR IMMEDIATE RELEASE
Date: August 19, 1997
Contact: Stanley I. Halbreich
Phone: (212) 563-7075
(800) 644-7676
Fax: (212) 563-7105
LITTLEFIELD, ADAMS & COMPANY'S STOCK TO BE REMOVED
FROM THE AMERICAN STOCK EXCHANGE
Huber Heights, Ohio, August 19, 1997. Littlefield, Adams & Company (AMEX:
LFA) today announced that it is consenting to the removal of its Common Stock
from the American Stock Exchange (the "AMEX").
This action became necessary because the Company no longer fully satisfies
all of the guidelines of the AMEX for continued listing. The AMEX has advised
that the last day for trading of the Company's Common Stock on the AMEX will be
Friday, September 5, 1997.
Officials of the Company expect that a market for the Common Stock will
develop over-the-counter following removal from the AMEX.
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Exhibit 99.2
LITTLEFIELD, ADAMS & COMPANY
350 FIFTH AVENUE, SUITE 4213
NEW YORK, NEW YORK 10118-1108
NEWS RELEASE
FOR IMMEDIATE RELEASE
Date: August 20, 1997
Contact: Stanley I. Halbreich
Phone: (212) 563-7075
(800) 644-7676
Fax: (212) 563-7105
LITTLEFIELD, ADAMS & COMPANY
SIGNS LONG-TERM PACT WITH
TWENTIETH CENTURY FOX
FOR
THE SIMPSONS
Littlefield, Adams & Company (AMEX: LFA) has entered into a merchandising
license agreement with Twentieth Century Fox for the trademark, characters and
other distinctive elements of the animated television series, THE SIMPSONS.
The license agreement, which runs through December 31, 1999, covers various
apparel categories, including men's, women's, boys' and girls' t-shirts and
sweatshirts, and men's and boys' boxer and other style shorts. Distribution
includes national and regional mass market retail outlets and mid-tier stores
throughout the United States, its territories and possessions and the
Commonwealth of Puerto Rico, and U.S. military bases and PX's worldwide.
Based on preliminary discussions with its largest customers, the past
performance of THE SIMPSONS as a mid-tier, specialty and high-end department
store property, and the sustained popularity of the television series, the
Company believes that THE SIMPSONS license has the potential to fill the
revenue void resulting from the expiration of the Company's Harley-Davidson
license on December 31, 1996. LFA's FUNWEAR division expects to begin
shipments of the new SIMPSONS line during the current third quarter, and to be
the dominant manufacturer of SIMPSONS apparel in the Company's distribution
channels and product categories.
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LITTLEFIELD, ADAMS & COMPANY
NEWS RELEASE
AUGUST 20, 1997
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FORWARD-LOOKING STATEMENT CAVEAT: The foregoing discussion includes
forward-looking statements. The forward-looking statements were prepared on
the basis of certain assumptions which relate, among other things, to the
market acceptance of the Company's products, including the Company's new
Simpsons products; the cost of producing and marketing the Company's products;
the prices at which the Company's products may be sold; and the Company's
market share for its products. Such assumptions may prove not to be accurate
or appropriate, and even if such assumptions do prove to be accurate and
appropriate, the actual results of the Company's operations in the future may
vary widely due to increased competition in the industry, an increase in
interest rates, general economic conditions and other risks and uncertainties.
Accordingly, the actual results of the Company's operations in the future may
vary widely from the forward-looking statements included herein.
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