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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
September 9, 1997
Date of Report (Date of earliest event reported)
UNIVERSAL INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
MINNESOTA 0-18823 41-0776502
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
5000 Winnetka Avenue North
New Hope, Minnesota 55428
(Address of principal executive offices)
(612) 533-1169
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On September 9, 1997, the Company issued a press release relating to an
organizational restructuring in connection with the Company's downsizing in
which the duties handled by the Company's former Chief Financial Officer will be
assumed by Mark H. Ravich, the Company's Chief Executive Officer and Dennis
Hill, the Company's Controller. A copy of the press release is attached as
Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Filed herewith are the following exhibits:
99.1 Press release dated September 9, 1997
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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.
UNIVERSAL INTERNATIONAL, INC.
(Registrant)
Dated: September 11, 1997 By /s/ Mark H. Ravich
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Mark H. Ravich
Its President
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UNIVERSAL INTERNATIONAL, INC.
5000 WINNETKA AVE. N., NEW HOPE, MN 55428
PHONE (612) 533-1169 FAX: (612) 533-1158
NEWS RELEASE
CONTACT: Mark Ravich
(612-533-1169)
FOR IMMEDIATE RELEASE
Universal International, Inc. Announces Elimination of CFO
Position
(Minneapolis, MN) September 9, 1997 - Universal International,
Inc. today announced that as part of its expense reduction
program that the position of CFO has been eliminated as a
separate position. The duties of the CFO will be assumed by both
the Company's Controller, Mr. Dennis Hill and by the Company's
CEO, Mr. Mark Ravich, who will take on the title of CFO.
Universal International, Inc. buys and sells quality "close-out"
merchandise in both its Only Deals and Odd's-N-End's retail store
chains. Through its subsidiary, Universal Asset-Based Services,
Inc., it also provides inventory valuation and liquidation
services. Universal International, Inc.'s shares are traded on
the NASDAQ Stock Market under the symbol UNIV.
