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): October 29, 1997
Nine West Group Inc.
(Exact Name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-11161 06-1093855
(Commission File Number) (IRS Employer Identification No.)
9 West Broad Street
Stamford, Connecticut 06902
(Address of principal executive offices)
(314) 579-8812
(Registrant's telephone number, including area code)
Item 5. Other Events
On May 1, 1997, the Company learned that on April 10, 1997, the Securities
and Exchange Commission (the "SEC") entered a formal order of investigation of
the Company. Based on conversations with the staff of the SEC dating back to
the Fall of 1996, when an informal investigation was commenced, the Company
believes that this investigation is primarily focused on the revenue recognition
policies and practices of certain of the Company's divisions that were acquired
from The United States Shoe Corporation in 1995. The Company has been
cooperating fully with the staff of the SEC and intends to continue its
cooperation. Based on the information presently available to it, the Company
does not anticipate that the investigation of its revenue recognition policies
and practices will have a material adverse financial effect on the Company.
On October 29, 1997, the Company received a subpoena issued by the SEC in
connection with its investigation requesting the Company to produce certain
documents relating to the purchase by the Company of products manufactured in
Brazil from 1994 to date, including documents concerning the prices paid for
such products and the customs duties paid in connection with their importation
into the United States. In addition, on October 29, 1997, the Company learned
that the United States Customs Service has commenced an investigation of the
Company relating to the Company's importation of Brazilian footwear from 1995 to
date. The Company intends to cooperate fully with the staff of the SEC and the
United States Customs Service in connection with these investigations. The
Company believes that no issues exist in respect of its customs policies and
practices. Therefore, based on the limited information presently available to
it concerning these investigations, the Company does not anticipate that they
will have a material adverse financial effect on the Company, although, in view
of the preliminary stages of these investigations, no assurances can be given as
to their ultimate impact on the Company.
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.
Nine West Group Inc.
(Registrant)
By: /s/ Robert C. Galvin
---------------------------------
Robert C. Galvin
Executive Vice President, Chief
Financial Officer and Treasurer
Date: November 6, 1997
