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 (Date of earliest event reported) - June 16, 1999
Goody's Family Clothing, Inc.
(Exact name of registrant as specified in its charter)
Tennessee 0-19526 62-0793974
State or other jurisdiction of Commission file number (I.R.S. Employer
incorporation or organization) Identification Number)
400 Goody's Lane, Knoxville, Tennessee 37922
(Address of principal executive offices) (Zip Code)
(423) 966-2000
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since
last report.)
<PAGE>
Item 5. Other Event
On June 16, 1999, Goody's Family Clothing, Inc. issued the press release (the
"Press Release") annexed as an exhibit hereto stating, in part, that the
Company's Board of Directors authorized the Company to spend up to $20 million
to repurchase shares of its common stock from time to time in the open market or
in privately negotiated transactions, depending upon price, prevailing market
conditions and other factors. The Press Release is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No.
99.3 Press Release of Goody's Family Clothing, Inc. dated
June 16, 1999.
<PAGE>
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.
GOODY'S FAMILY CLOTHING, INC.
(Registrant)
Date: June 23, 1999 /s/ Harry M. Call
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Harry M. Call
President and
Chief Operating Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit No.
99.3 Press Release of Goody's Family Clothing, Inc. dated June 16, 1999.
<PAGE>
Exhibit No. 99.3
Contact: Edward R. Carlin
Chief Financial Officer
(423) 966-2000
GOODY'S FAMILY CLOTHING AUTHORIZED
TO REPURCHASE COMMON STOCK
Knoxville, Tennessee, (June 16, 1999) -- Goody's Family Clothing, Inc.
(Nasdaq/NM:GDYS), reported at its Annual Meeting of Shareholders today that the
Company's Board of Directors authorized the Company to spend up to $20 million
to repurchase shares of its common stock from time to time in the open market or
in privately negotiated transactions, depending upon price, prevailing market
conditions and other factors.
Robert M. Goodfriend, Chairman and Chief Executive Officer of the
Company, also announced at the meeting that the Company's Shareholders elected
Mr. Irwin L. Lowenstein and Ms. Cheryl L. Turnbull as Class I Directors to serve
until the 2002 annual meeting of shareholders.
With headquarters in Knoxville, Tennessee, Goody's is a retailer of
moderately priced apparel for women, men and children operating 269 stores in
the 16 states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana,
Kentucky, Mississippi, Missouri, North Carolina, Ohio, South Carolina,
Tennessee, Texas, Virginia and West Virginia.
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