SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A#1
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 22, 1998
WORLDTEX, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-11438 56-1789271
(Commission File Number) (IRS Employer Identification No.)
212 - 12th Avenue, N.E., Hickory, North Carolina 28601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (828) 328-5381
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The following Item 7 is added to the report:
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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EXHIBIT NO DESCRIPTION
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16 Letter, dated October 28, 1998 from
KPMG Peat Marwick LLP to the Securities
and Exchange Commission.
SIGNATURE
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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.
WORLDTEX, INC.
Date: October 30, 1998 By /S/ MITCHELL SETZER
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Mitchell Setzer
Treasurer and Secretary
EXHIBIT 16
KPMG Peat Marwick LLP
303 Peachtree Street, N.E.
Suite 2000
Atlanta, GA 30308
October 28, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We were previously principal accountants for Worldtex, Inc. and, under the date
of February 27, 1998, we reported on the consolidated financial statements of
Worldtex, Inc. and subsidiaries as of and for the years ended December 31, 1997
and 1996. On October 26, 1998 our appointment as principal accountants was
terminated. We have read Worldtex, Inc.'s statements included under Item 4 of
their Form 8-K dated October 22, 1998 and we agree with such statements, except
that we are not in a position to agree or disagree with Worldtex, Inc.'s
statement that the change was recommended by the audit committee of the board of
directors.
Very truly yours,
/s/ KPMG Peat Marwick LLP
