UNITED STATES
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: August 31, 2000
RSI HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
North Carolina 0-18091 56-1200363
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(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification Number)
28 East Court Street, Post Office Box 6847, Greenville, South Carolina 29606
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 271-7171
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ITEM 5. OTHER EVENTS
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On February 16, 2000, the Company issued a 8% convertible note in the
aggregate principal amount of $400,000 to Mrs. Minor H. Mickel, who is the
mother of the Company's President and Chief Executive Officer. The note provided
for the conversion of part or all of the note, plus its accrued interest, into
the Company's common stock at a conversion price of $.075 per share.
On August 31, 2000, Mrs. Mickel elected to convert the full amount of her
note, together with accrued interest, into the Company's common stock. As a
result, the Company issued her 5,557,333 shares of its common stock. Following
this conversion, Mrs. Mickel owns 6,032,493 shares (approximately 45%) of the
Company's issued and outstanding common stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(a) Financial Statements of the Businesses Acquired. Not Applicable
(b) Pro Forma Financial Information. Not Applicable
(c) Exhibits. Not Applicable
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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 hereunto duly authorized.
RSI HOLDINGS, INC.
September 20, 2000 By: /s/ Buck A. Mickel
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Buck A. Mickel
President and Chief Executive Officer
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