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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): March 4, 1999
FRUIT OF THE LOOM, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
1-8941 36-3361804
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(Commission File Number) (I.R.S. Employer Identification No.)
5000 SEARS TOWER, 233 SOUTH WACKER DRIVE,
CHICAGO, ILLINOIS 60606
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(Address of Principal Executive Offices) (Zip Code)
(312) 876-1724
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
The information set forth in the press release issued by Fruit of
the Loom, Inc., attached hereto as Exhibit 99.1, is incorporated herein by
reference.
As a result of the completed reorganization transaction, Fruit of
the Loom, Ltd., a Cayman Islands company, will become the successor corporation
to its subsidiary, Fruit of the Loom, Inc., a Delaware corporation, under the
Securities Exchange Act of 1934, as amended, with respect to its common stock,
and will succeed to Fruit of the Loom, Inc.'s reporting obligations thereunder.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
(c) Exhibits
99.1 Press release of Fruit of the Loom, Inc. dated March 4, 1999.
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SIGNATURE
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.
Fruit of the Loom, Inc.
By: /s/ G. William Newton
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G. William Newton
Senior Vice President- Finance
and Acting Chief Financial Officer
Date: March 4, 1999
2
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EXHIBIT INDEX
Item No.
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99.1 Press release of Fruit of the Loom, Inc. dated March 4, 1999.
3
Exhibit 99.1
FRUIT OF THE LOOM, INC.
5000 Sears Tower
Chicago, Illinois 60606 - 312/876-1724
News Release
FOR IMMEDIATE RELEASE
Contact: G. WILLIAM NEWTON
SENIOR VICE PRESIDENT - FINANCE
AND ACTING CHIEF FINANCIAL OFFICER
Fruit of the Loom, Inc.
Tel: 502/781-6400, Ext. 2271/Fax: 502/783-0351
Home Page: www.fruit.com
FRUIT OF THE LOOM, INC. REPORTS
COMPLETION OF CAYMAN REORGANIZATION
Chicago, IL, March 4, 1999 --- Fruit of the Loom, Inc. (NYSE-FTL), one of the
world's leading marketers and manufacturers of basic family apparel, announced
today the completion of its reorganization pursuant to which the Company has
become a subsidiary of Fruit of the Loom, Ltd., a Cayman Islands holding
company. Pursuant to the reorganization, each outstanding share of the Company's
Class A stock has been converted into one Class A ordinary share of Fruit of the
Loom, Ltd. Shareholders will not be required to exchange their current stock
certificates. The Company's Class A common stock will continue to be traded on
the New York Stock Exchange. Shareholders will receive tax information related
to the reorganization in the near future.
The Company also announced that pursuant to the terms of the Indenture that it
will be making an offer to the holders of the Company's outstanding 7 7/8%
Senior Notes Due October 15, 1999 to purchase the Notes at a price equal to 101%
of the principal amount thereof, plus accrued and unpaid interest. Holders of
the Notes will receive a communication from the Company within thirty days
related to the terms and conditions of the offer.
Fruit of the Loom, Inc. is a marketing oriented, international basic apparel
company, emphasizing branded products for consumers ranging from infants to
senior citizens. The Company manufactures and markets men's and boys' underwear,
women's and girls' underwear, printable activewear, outerwear, casualwear,
sportswear and childrenswear. Fruit of the Loom employs 30,000 people in over 60
locations worldwide. Brand names include FRUIT OF THE LOOM(R), BVD(R),
GITANO(R), BEST(TM), CUMBERLAND BAY(TM) and SCREEN STARS(R). Licensed brands
include MUNSINGWEAR(R) and WILSON(R). Licensed apparel bearing the logos or
insignia of the major sports leagues and their teams and certain popular players
in the leagues, and the logos of most major colleges and universities, are
marketed under the PRO PLAYER(R) and FANS GEAR(R) brands.
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