FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported): April 1, 1998
Yes Clothing Co.
(Exact name of registrant as specified in its charter.)
California
(State of incorporation or organization)
0-18064
(Commission File Number)
93-3768671
(I.R.S. Employee Identification No.)
4695 MacArthur Court, Suite 530, Newport Beach,California 92660
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (714) 833-5382
1380 West Washington Blvd., Los Angeles, California 90007
(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant
N/A
Item 2. Acquisition or Disposition of Assets
N/A
Item 3. Bankruptcy or Receivership
Item 4. Changes in Registrant's Certifying Accountant
N/A
Item 5. Other Events
On April 1, 1998, the Registrant signed a 5 year non-exclusive License
Agreement with KLEINMANN & Co.-KRUEGER-. The agreement covers the "Yes"
trademark for Men's, Women's and Kid's T-shirts and Sweatshirts. Under the
agreement, the Registrant is entitled to receive royalty payments based upon
minimum net sales of $20,000,000 per year. The license agreement will be
contributed to the newly formed joint venture with NuVen Capital L.P.
Since dismissal of its Chapter 11 case on March 11, 1998, the
Registrant has focused its resources upon a strategy to rebuild its brand
through the recently formed licensing joint venture with NuVen Capital L.P. and
agreements with manufacturers and major retailers. The agreement with KLEINMANN
& Co.-KRUEGER- represents the intial stage of this new strategy.
Item 6. Resignations of Registrant's Directors
N/A
Item 7. Financial Statements and Exhibits
N/A
Item 8. Change in Registrant's Fiscal Year
N/A
Item 9. Sale of Equity Securities Pursuant to Regulation S
N/A
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Yes Clothing Co.
(Registrant)
Dated: April 14, 1998 By: /s/ Guy Anthome, CEO and Director
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Guy Anthome, CEO and Director
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