<PAGE> 1
REGISTRATION NO. 33-24648
===============================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MCRAE INDUSTRIES, INC.
----------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 56-0706710
- ---------------------------------- -----------------------------------------
(State or other jurisdiction (I.R.S. Employer Identification Number)
of incorporation or organization)
400 NORTH MAIN STREET, MT. GILEAD, NORTH CAROLINA 27306
- -------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
MCRAE INDUSTRIES, INC.
1985 NON-QUALIFIED STOCK OPTION PLAN
--------------------------------------------------------------------------
(Full title of the Plan)
Name, address and telephone number
of agent for service
D. GARY MCRAE
PRESIDENT AND TREASURER
MCRAE INDUSTRIES, INC.
400 NORTH MAIN STREET
MT. GILEAD, NORTH CAROLINA 27306
910/439-6147
Please send copies of
all communications to:
A. ZACHARY SMITH III, ESQ.
KENNEDY COVINGTON LOBDELL & HICKMAN, L.L.P.
BANK OF AMERICA CORPORATE CENTER, SUITE 4200
100 NORTH TRYON STREET
CHARLOTTE, NORTH CAROLINA 28202-4006
REMOVING SHARES FROM REGISTRATION
<PAGE> 2
REMOVAL OF SHARES FROM REGISTRATION
McRae Industries, Inc., a Delaware Corporation (the "Company"), hereby amends
this Registration Statement on Form S-8, File No. 33-24648 (the "Registration
Statement"), filed in connection with the McRae Industries, Inc. 1985
Non-Qualified Stock Option Plan (the "Plan") to withdraw from registration all
the shares of Class A and Class B Common Stock, par value $1.00 per share, of
the Company registered under the Registration Statement with respect to which
options have not been granted under the Plan other than shares of Class A
Common Stock issuable upon conversion of the shares of Class B Common Stock
which were issued under the Plan and remain outstanding. The Plan has been
terminated and there are no outstanding unexercised options under the Plan.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
Amendment No. 1 to the Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Mt. Gilead, State of
North Carolina, on March 3, 1999.
McRAE INDUSTRIES, INC.
By: /s/ D. Gary McRae
------------------------------------
D. Gary McRae
President and Treasurer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- -----
<S> <C> <C>
/s/ D. Gary McRae President and Treasurer March 3, 1999
- -------------------------------------- (Principal Executive and Financial
D. Gary McRae Officer) and Director
/s/ Marvin Kiser Controller March 3, 1999
- -------------------------------------- (Principal Accounting Officer)
Marvin Kiser
/s/ George M. Bruton Director March 3, 1999
- --------------------------------------
George M. Bruton
/s/ Hilton J. Cochran Director March 3, 1999
- --------------------------------------
Hilton J. Cochran
/s/ Brady W. Dickson Director March 3, 1999
- --------------------------------------
Brady W. Dickson
/s/ Victor A. Karam Director March 3, 1999
- --------------------------------------
Victor A. Karam
/s/ James W. McRae Director March 3, 1999
- --------------------------------------
James W. McRae
/s/ Harold W. Smith Director March 3, 1999
- --------------------------------------
Harold W. Smith
</TABLE>
