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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): June 28, 2000
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WESTPOINT STEVENS 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)
0-21496 36-3498354
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(Commission File Numbers) (I.R.S. Employer Identification Nos.)
507 WEST TENTH STREET
WEST POINT, GEORGIA 31833
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(Address of Principal Executive Offices) (Zip Code)
(706) 645-4000
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(Registrants' Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5.
On June 28, 2000, WestPoint Stevens Inc. released a press release
announcing that its Board of Directors approved a projected new Eight-Point
Program to guide its performance in a global economy. Additionally WestPoint
announced that its Board of Directors approved a $195 million pre-tax
restructuring charge ($125 million net of taxes) to cover the cost of
implementing the Eight-Point Program in the second, third and fourth quarters of
2000. Approximately $147 million of the charge relates to non-cash items, and
$48 million of the charge will be in cash.
Item 7. Financial Statements and Exhibits.
(c) The exhibits shall be furnished in accordance with the
provisions of Item 601 of Regulation S-K.
Exhibit No. Exhibit
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99.1 Press Release dated June 28, 2000
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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: June 30, 2000
