BLAIR CORP
8-K, 1999-04-16
CATALOG & MAIL-ORDER HOUSES
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<PAGE>   1

                       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): APRIL 14, 1999


                                BLAIR CORPORATION
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


<TABLE>
<CAPTION>
<S>                                      <C>                               <C>
          DELAWARE                              001-00878                             25-0691670
          --------                              ---------                             ----------
(STATE OR OTHER JURISDICTION OF           (COMMISSION FILE NO.)           (I.R.S. EMPLOYER IDENTIFICATION 
        INCORPORATION)                                                                 NO.)
</TABLE>

220 HICKORY STREET, WARREN, PENNSYLVANIA                             16366-0001
- ----------------------------------------                             ----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                             (ZIP CODE)



       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (814) 723-3600



                                 NOT APPLICABLE
          -------------------------------------------------------------
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)


<PAGE>   2



ITEM 5.           OTHER EVENTS.

                  On April 14, 1999, the Registrant announced that, at the
request of the executors of the Estate of John L. Blair, the Registrant had
repurchased 100,000 shares of the Common Stock of the Registrant, at a
negotiated purchase price not in excess of the market price of the shares on the
date of the transaction. This repurchase is in addition to the Registrant's
repurchase of 500,000 shares of its Common Stock from the Estate of John L.
Blair in January, 1999. A press release regarding the announcement is attached
as Exhibit 99.


                                       2
<PAGE>   3


ITEM 7.           FINAL STATEMENTS, PRO FORMA FINAL INFORMATION AND EXHIBITS.

                  (c) Exhibits

                           Exhibit 99.  Press Release



                                   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.





Date:  April 14, 1999                Blair Corporation

                                       By:  /s/ Kent R. Sivillo               
                                            -----------------------------------
                                            Kent R. Sivillo, Vice President and 
                                              Treasurer (Principal Financial and
                                              Accounting Officer)






                                       3

<PAGE>   1
                                                                      Exhibit 99

[BLAIR CORPORATION LETTERHEAD]
220 HICKORY STREET - WARREN PENNSYLVANIA 16366-0001


PRESS RELEASE                                         For More Information Call:

                                                      Thomas P. McKeever
                                                             OR
                                                      Kent R. Sivillo
                                                      Blair Corporation
                                                      220 Hickory Street
                                                      Warren, PA 16366
                                                      (814) 723-3600


FOR IMMEDIATE RELEASE

           BLAIR CORPORATION ANNOUNCES THE REPURCHASE OF COMMON STOCK

     April 14, 1999 -- Blair Corporation (AMEX:BL), a Delaware Corporation,
today announced that, pursuant to an offer received from the executors of the
Estate of John L. Blair, the corporation has repurchased from Mr. Blair's Estate
100,000 shares of the Common Stock of Blair Corporation. The negotiated purchase
price of all shares repurchased did not exceed the market price of the
Corporation's stock on the date of the transaction. This repurchase is in
addition to the Registrant's repurchase of 500,000 of its Common Stock from the
Estate of John L. Blair in January, 1999.

     In addition to the shares repurchased from Mr. Blair's Estate, Blair
Corporation has, from the fourth quarter of 1996 to the present, repurchased on
the open market 544,739 shares of its Common Stock. Including the 100,000 shares
repurchased from Mr. Blair's Estate, as noted above, Blair Corporation has
8,306,793 shares outstanding and 1,768,647 shares in treasury.

     Blair Corporation, based in Warren, Pennsylvania, is a national catalog and
direct mail marketer of womenswear, menswear and home products.

                                     # # #

                QUALITY, VALUE, SERVICE...A TRADITION SINCE 1910
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