<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): September 21, 2000
GLOBE HOLDINGS, INC.
GLOBE MANUFACTURING CORP.
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C> <C>
Massachusetts 333-64669 04-2017769
Alabama 333-64675 63-1101362
---------------------------- ------------------------ ---------------------------------
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
456 Bedford Street, Fall River, Massachusetts 02720
456 Bedford Street, Fall River, Massachusetts 02720
--------------------------------------------- ------------
(Address of principal executive offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code: (508) 674-3585
(508) 674-3585
--------------
This Instrument contains 4 pages.
<PAGE>
Item 5. Other Events
Global Holdings, Inc., Globe Manufacturing Corp. (together, the "Company"),
Bank of America, N.A. as Administrative Agent and the lenders named therein have
entered into a Third Forbearance Agreement dated as of September 15, 2000 (the
"Forbearance Agreement"). Pursuant to the Forbearance Agreement, the Company's
senior lenders have agreed not to exercise remedies available to them during the
forbearance period as a result of the Company's non-compliance with certain
covenant and payment requirements of the bank credit agreement.
Effective October 2, 2000, Kevin T. Cardullo will begin serving as the
Company's Chief Financial Officer and Vice President, Finance and Information
Technology, and Alan Teixeira will begin serving as Vice President, Human
Resources and Administration.
Item 7. Exhibits
10.1 Third Forbearance Agreement dated as of September 15, 2000 by and among
Globe Manufacturing Corp., Globe Holdings, Inc., Bank of America, N.A.,
and certain other lenders.
99.1 Press release dated September 21, 2000.
2
<PAGE>
SIGNATURE
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.
GLOBE HOLDINGS, INC.
Dated: September 26, 2000 By: /s/ Kevin T. Cardullo
---------------------------
Assistant Vice President, Finance
and Accounting
GLOBE MANUFACTURING CORP.
Dated: September 26, 2000 By: /s/ Kevin T. Cardullo
---------------------------
Assistant Vice President, Finance
and Accounting
3
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
10.1 Third Forbearance Agreement dated as of September 15, 2000 by and
among Globe Manufacturing Corp., Globe Holdings, Inc., Bank of
America, N.A., and certain other lenders.
99.1 Press release dated September 21, 2000.
4
