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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): DECEMBER 17, 1996
DRYPERS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-23422 76-0344044
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
1415 WEST LOOP NORTH
HOUSTON, TEXAS 77055
(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 682-6848
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ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
Effective December 17, 1996, Drypers Mexico, S.A. de C.V., a wholly owned
subsidiary of Drypers Corporation (the "Company"), entered into an agreement to
acquire certain assets of Pannolini de Mexico, S.A. de C.V. Pursuant to this
agreement, the Company issued 360,000 shares, subject to adjustment per the
agreement (the "Shares"), of the Company's Common Stock, $.001 par value, to a
non-U.S. resident. The shares were issued pursuant to Regulation S under the
Securities Act of 1933, and the certificates representing the Shares were issued
with a restrictive legend that stated that the Shares may not be sold in or into
the United States of America for the period during which such sales are
proscribed pursuant to Regulation S.
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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 hereunto duly authorized.
DRYPERS CORPORATION
Dated: DECEMBER 31, 1996 By: /s/ WALTER V. KLEMP
Walter V. Klemp
Chairman of the Board and
Co-Chief Executive Officer
