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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): MAY 20, 1999
BLAIR CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 001-00878 25-0691670
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NO.) (I.R.S. EMPLOYER
INCORPORATION) IDENTIFICATION NO.)
220 HICKORY STREET, WARREN, PENNSYLVANIA 16366-0001
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (814) 723-3600
NOT APPLICABLE
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On May 20, 1999, the Registrant announced that, at the request of the
Trust Department of PNC Bank, as trustee, the Registrant had repurchased 156,220
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 600,000 shares of
its Common Stock from the Estate of John L. Blair in January and April, 1999. A
press release regarding the announcement is attached as Exhibit 99.
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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: May 20, 1999 Blair Corporation
By: /s/ Kent R. Sivillo
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Kent R. Sivillo, Vice President
and Treasurer (Principal Financial
and Accounting Officer)
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EXHIBIT 99
[BLAIR CORPORATION]
PRESS RELEASE For More Information Call:
Thomas P. McKeever
Blair Corporation
220 Hickory Street
Warren, PA 16365
(814) 723-3600
FOR IMMEDIATE RELEASE
BLAIR CORPORATION ANNOUNCES THE REPURCHASE OF COMMON STOCK
May 20, 1999 - Blair Corporation (AMEX:BL), a Delaware corporation,
today announced that, pursuant to an offer received from the Trust Department of
PNC Bank, as trustee, the Corporation has repurchased 156,220 shares of the
Common Stock of Blair Corporation resulting from the death of John L. Blair. 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 600,000 shares of its Common
Stock from the Estate of John L. Blair in January and April, 1999.
Blair Corporation has also, from the fourth quarter of 1996 to the
present, repurchased on the open market 544,739 shares of its Common Stock.
Including the 156,220 share repurchase noted above, Blair Corporation has
8,151,773 shares outstanding and 1,923,667 shares in treasury.
Blair Corporation, based in Warren, Pennsylvania, is a national catalog
and direct mail marketer of womenswear, menswear and home products.
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