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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 27, 1998
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Noel Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-19737 13-2649262
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
667 Madison Avenue, New York, New York 10021
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(Address of principal executive offices) (zip code)
Registrant's Telephone Number, including Area Code: (212) 371-1400
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N/A
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On March 27, 1998, Noel Group, Inc. ("Noel") paid a
liquidating distribution (the "Distribution") of $0.70 per share to its
shareholders of record as of March 20, 1998 (the "Record Date"). The
Distribution, which was made from Noel's available liquid resources, was paid in
respect of the 20,567,757 shares of common stock, par value $.10 per share, of
Noel ("Noel Common Stock"), issued and outstanding on the Record Date, and
totaled $14,397,430.
The Distribution was made pursuant to the Plan of Complete
Liquidation and Dissolution adopted by Noel's Board of Directors on May 21, 1996
and approved by the shareholders at a Special Meeting of Shareholders held on
March 19, 1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired. Not
Applicable.
(b) Pro forma financial information. No pro forma
financial information is required pursuant to
Article 11 of Regulation S-X.
(c) Exhibits
2.1 Plan of Complete Liquidation and Distribution
(incorporated by reference to Exhibit A to the Noel
Proxy Statement for the Special Meeting of
Shareholders on March 19, 1997).
SIGNATURE
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.
NOEL GROUP, INC.
(Registrant)
Dated: April 7, 1998 By: /s/ Todd K. West
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Todd K. West
Vice President-Finance,
Chief Financial Officer,
Secretary and Treasurer
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