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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
DECEMBER 1, 2000
Date of Report (Date of Earliest Event Reported)
WESTPOINT STEVENS INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-21496 36-3498354
(Commission File Numbers) (I.R.S. Employer Identification Nos.)
507 WEST TENTH STREET, WEST POINT, GEORGIA 31833
(Address of Principal Executive Offices) (Zip Code)
(706) 645-4000
(Registrants' Telephone Number, Including Area Code)
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ITEM 5 OTHER EVENTS
WestPoint Stevens Inc. (the "Company") periodically communicates with
its shareholders, members of the investment community and other interested
parties about our operations. We do this through press releases, filings with
the Securities and Exchange Commission ("SEC"), and via telecommunications.
Those communications available to all interested persons regularly include:
- a quarterly press release that discloses our sales and
earnings for the prior quarter and our fiscal year to date and
generally provides other information relating to those sales
and earnings and our operating results;
- an expanded website that includes a separate Investor
Relations section located at
(http://www.westpointstevens.com);
- the annual shareholders' meeting, all or a portion of which
will be made available via a live webcast;
- financial filings with the SEC that will specifically include
an update on interim results and provide guidance on future
sales and earnings.
In addition to our periodic communications, we may have conference
calls or other communications, such as webcasts, in which we will disclose
developments in the Company's business and operations. We will do this if and as
events warrant that type of additional communication with our shareholders and
other members of the investment community.
We are aware of our obligations under Regulation FD, adopted by the SEC
under the Securities Exchange Act of 1934, as amended, and effective October 23,
2000. To ensure compliance with Regulation FD, we have adopted the following
measures:
- Our Board of Directors has approved a Disclosure Policy that
authorizes designated spokespersons within the Company and
establishes procedures for dealing with the dissemination of
material information.
- We will issue each quarterly sales and earnings press release
prior to conducting any telephone calls or other
communications with our shareholders, securities analysts or
other interested persons to discuss our sales, earnings or
other matters disclosed in those press releases.
- We will make quarterly teleconference calls and additional
communications widely available to shareholders, members of
the investment community and other interested parties through
telephonic means, webcasts or both media.
- We will publish on the Investor Relations section on our
website the dates of our quarterly press releases and
information as to how shareholders and other interested
investors can access our quarterly teleconference calls.
- We will use a widely circulated wire service to issue all of
our press releases relating to matters of concern to the
investment community, including our shareholders.
- We will publish on our website our press releases relating to
matters of concern to the investment community, including
shareholders.
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- Where practicable, we intend to issue all press releases
outside of trading hours of the New York Stock Exchange on the
dates and in the manner described above.
The above procedures may change from time to time. We will announce any
material change in the procedures prior to making the change.
Some or all of the information provided in our press releases, periodic
communications, additional communications and meetings with analysts may not be
material information concerning the Company or its operations. The fact that we
disclose information through or in any communication does not, in and of itself,
mean that we have determined that the information provided is material to the
Company or its operations. No shareholder, securities analyst, potential
investor in our stock or other member of the investment community should assume
that our disclosure of information in any communication indicates that we have
determined the information to be material to the Company or its operations.
Forward-Looking Statements or Information. Any of the press releases,
telephone calls, webcasts or other sources of information we described or
mentioned above may include statements that may be deemed to be "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. Such risks and uncertainties may be attributable to
important factors that include but are not limited to the following: Product
margins may vary from those projected; raw-material prices may vary from those
assumed; additional reserves may be required for bad debts, returns, allowances,
governmental compliance costs, or litigation; there may be changes in the
performance of financial markets or fluctuations in foreign currency exchange
rates; unanticipated natural disasters could have a material impact upon results
of operations; there may be changes in the general economic conditions that
affect customer practices or consumer spending; competition for retail and
wholesale customers, pricing and transportation of products may vary from time
to time due to seasonal variations or otherwise; customer preferences for our
products can be affected by competition, or general market demand for domestic
or imported goods or the quantity, quality, price or delivery time of such
goods; there could be an unanticipated loss of a material customer or a material
license; the availability and price of raw materials could be affected by
weather, disease, energy costs or other factors. The Company assumes no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
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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, thereunto duly authorized.
WESTPOINT STEVENS INC.
(Registrant)
By: /s/ Christopher N. Zodrow
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Christopher N. Zodrow
Vice President and Secretary
Date: December 1, 2000
