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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
JANUARY 10, 2001
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Date of Report (Date of earliest event reported)
HAGGAR CORP.
(Exact name of registrant as specified in the charter)
NEVADA 0-20850 75-2187001
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification Number)
6113 LEMMON AVENUE
DALLAS, TEXAS 75209
(Address of principal executive offices including zip code)
(214) 352-8481
(Registrant's telephone number, including area code)
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Item 9. Regulation FD Disclosure.
The table following this narrative sets forth information concerning the
quarterly and annual consolidated operating results of Haggar Corp. (the
"Company") for the fiscal year ended September 30, 2000, together with
projected quarterly and annual consolidated operating results for the fiscal
year commencing October 1, 2000, and ending September 30, 2001. The
projections for fiscal 2001 are based on the Company's historical operating
performance, current trends and the Company's internal operating budget for
2001.
The projections set forth in the table constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, Section 21E
of the Securities Exchange Act of 1934 and the Private Securities Litigation
Reform Act of 1995. Although the Company believes that these forward-looking
statements are based on reasonable assumptions, it can give no assurance that
its expectations will in fact occur and cautions that actual results may
differ materially from those in the forward-looking statements. A number of
factors could affect the future results of the Company or the apparel
industry generally and could cause the Company's expected results to differ
materially from those expressed in this filing. These factors include, among
other things:
- Changes in general business conditions,
- Impact of competition in the apparel industry,
- Changes in the performance of the retail sector in general and the
apparel industry in particular,
- Seasonality of the Company's business,
- Changes in consumer acceptance of new products and the success of
advertising, marketing, and promotional campaigns,
- Changes in laws and other regulatory actions,
- Changes in labor relations,
- Political and economic events and conditions domestically or in the
foreign jurisdictions in which the Company operates,
- Unexpected judicial decisions,
- Changes in interest rates and capital market conditions,
- Inflation,
- Acquisition or dissolution of business enterprises,
- Natural disasters, and
- Unusual or infrequent items that cannot be foreseen or are not
susceptible to estimation.
The quarterly and annual consolidated operating results for the fiscal year
ended September 30, 2000, do not necessarily indicate the results that may be
expected for any future quarter or for any fiscal year.
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The Company cautions that the quarterly and annual projections for fiscal
2001 set forth below are given as of the date hereof based on currently
available information. The Company is not undertaking any obligations to
update these projections as conditions change or other information becomes
available.
Investors also should consider other risks and uncertainties discussed in
documents filed by the Company with the Securities and Exchange Commission.
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HAGGAR CORP.
QUARTERLY & ANNUAL PROJECTIONS FOR
FISCAL 2001 COMPARED
TO FISCAL 2000
($ in Millions except EPS data)
<TABLE>
<CAPTION>
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Total
----------- ----------- ----------- ----------- ------------
(1) (1)
2001 2001 2001 2001 2001
Projected 2000 Projected 2000 Projected 2000 Projected 2000 Projected 2000
Range Actual Range Actual Range Actual Range Actual Range Actual
----- ------ ----- ------ ----- ------ ----- ------ ----- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NET SALES $98 - $100 $99 $118 - $122 $117 $104 - $109 $102 $112 - $117 $115 $432 - $448 $433
NET INCOME $(0.1) - $0.0 $0.6 $2.0 - $2.4 $2.2 $2.3 - $2.5 $2.3 $5.1 - $5.6 $5.1 $9.3 - $10.5 $10.2
EPS CALCULATION $(0.02) - $0.00 $0.08 $0.31 - $0.35 $0.31 $0.34 - $0.37 $0.34 $0.78 - $0.83 $0.78 $1.41 - $1.55 $1.50
</TABLE>
(1) In the third quarter of fiscal 2000, the Company recorded a charge for
legal costs of $0.9 million after taxes. This amount has been excluded
from actual third quarter and annual results to present an operational
comparison for the 2001 projections.
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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.
Dated: January 10, 2001
HAGGAR CORP.
(Registrant)
By: /s/ David M. Tehle
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David M. Tehle
(SENIOR VICE PRESIDENT,
CHIEF FINANCIAL OFFICER)
