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) September 24, 1997
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THE LESLIE FAY COMPANY, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 1-9196 13-3197085
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(STATE OR OTHER (COMMISSION FILE NO.) (I.R.S. EMPLOYER
JURISDICTION OF IDENTIFICATION NO.)
INCORPORATION)
1412 BROADWAY
NEW YORK, NEW YORK 10018
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 221-4000
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N/A
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(Former Name or Former Address, If Changed Since Last Report)
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FORM 8-K
THE LESLIE FAY COMPANY, INC. AND SUBSIDIARIES
Item 5. Other Events.
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On September 23, 1997 Mark Dickstein and Mark Kaufman were appointed
to the Board of Directors of the Registrant, succeeding David Morse and Larry G.
Schafran. On September 24, 1997 the Registrant issued a press release, a copy of
which is attached as Exhibit A to this Current Report on Form 8-K, with respect
to this change in the composition of its Board of Directors.
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THE LESLIE FAY COMPANY, INC. AND SUBSIDIARIES
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
September 25, 1997 THE LESLIE FAY COMPANY, INC.
By: /s/ Warren T. Wishart
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Warren T. Wishart
Senior Vice President, Chief Financial
Officer and Treasurer
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Contact: Michael Freitag
Kekst and Company
(212) 521-4896
FOR IMMEDIATE RELEASE
LESLIE FAY APPOINTS TWO NEW DIRECTORS
NEW YORK, NEW YORK, SEPTEMBER 24, 1997 -- The Leslie Fay Company, Inc. today
announced the appointment of Mark Dickstein and Mark Kaufman to the company's
Board of Directors, effective immediately. They succeed David Morse and Larry G.
Schafran, who have resigned from Leslie Fay's seven-member board.
Mr. Dickstein, 38, is President of Dickstein Partners Inc., an investment firm
in New York City. Mr. Kaufman, 41, is a Vice President of the firm. Dickstein
Partners has advised Leslie Fay that its affiliates have acquired or contracted
to acquire approximately 40 percent of the company's common stock.
"We welcome Mark Dickstein and Mark Kaufman to the Leslie Fay Board," said John
J. Pomerantz, Chairman and Chief Executive Officer of Leslie Fay. "With its
substantial investment in Leslie Fay, Dickstein Partners has demonstrated
tremendous confidence in our company and its prospects for future success. We
look forward to working closely with the new directors as we implement our
strategic plan and continue our progress in returning Leslie Fay to a leadership
position in the women's apparel industry."
Mr. Pomerantz continued, "We are grateful for the hard work and constructive
advice provided by David Morse and Larry Schafran during their tenure on the
Leslie Fay board. They served this company well and were instrumental in our
successful emergence from bankruptcy earlier this year. We appreciate their
willingness to step aside so that the Board could provide representation to our
new investors."
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Mr. Dickstein said, "We appreciate the efforts of the Leslie Fay Board to
accommodate our request for Board representation. Our investment reflects our
view of the opportunity at Leslie Fay. We intend to work closely with the other
members of Leslie Fay's Board and management to implement the company's business
plan."
Founded in 1947, The Leslie Fay Company, Inc. is a leading manufacture of
women's apparel, including dresses and sportswear. Its brands include Leslie
Fay, Haberdashery, Outlander, and HUE.
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