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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): July 22, 1997
NCC INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-3305 62-0643336
(Commission File Number) (I.R.S. Employer Identification No.)
165 Main Street, Cortland, New York 13045-5428
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (607) 756-2841
Not Applicable
(Former name or former address, if changed since last report)
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Item 3. Bankruptcy or Reorganization.
NCC Industries, Inc. (the "Registrant") hereby incorporates by reference
the description of the matters set forth in its press release dated July 22,
1997 (such press release being Exhibit 99.1 attached hereto).
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release of Registrant dated July 22, 1997.
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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 thereunto duly authorized.
NCC INDUSTRIES, INC.
Dated: July 29, 1997 By:/s/ Elizabeth Coleman
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Elizabeth Coleman
Chairman of the Board and
Chief Executive Officer
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EXHIBIT 99.1
PRESS RELEASE
NCC ANNOUNCES BANKRUPTCY FILING
FOR IMMEDIATE RELEASE Contact: Don Nathan
212-484-7782
New York, New York -- July 22, 1997. NCC Industries, Inc. (OTC: "NCCD")
(the "Company") announced today that it, along with Maidenform Worldwide, Inc.
and Maidenform, Inc. (collectively, the "Maidenform Group"), filed a voluntary
petition for bankruptcy under Chapter 11 of the Federal Bankruptcy Code in the
United States District Court for the Southern District of New York. The filing
is expected to allow the Maidenform Group to restructure its financial
obligations through a plan of reorganization. The Maidenform Group expects to
receive $50 million of debtor-in-possession financing in connection with the
filing.
Maidenform Worldwide, Inc. ("Worldwide") owns approximately 92.4% of the
common stock of the Company. Worldwide acquired the common stock of the Company
in April 1995. Maidenform, Inc. ("Maidenform") is a wholly-owned subsidiary of
Worldwide.
NCC Industries, Inc. is engaged in the foundation garment business which
consists of the design, manufacture and sale of brassieres, panties and girdles.
Worldwide is one of the largest privately-owned manufacturers of women's
intimate apparel in the United States and the world.
