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): May 14, 1997
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CHIC BY H.I.S, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-11722 13-3494627
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
1372 Broadway
New York, New York 10018
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 302-6400
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Not applicable
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(Former name or former address, if changed since last report)
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This document consists of ___ pages.
The exhibit index is contained on page 4 of this document.
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Item 5. Other Events.
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On May 14, 1997, Chic by H.I.S, Inc. (the "Company") issued a press
release announcing that the managing underwriter in connection with the initial
public offering of its wholly owned German subsidiary, H.I.S. sportswear AG
("H.I.S."), exercised its overallotment option to purchase an additional 200,000
shares of H.I.S. A copy of the press release is attached hereto as Exhibit 99.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of businesses acquired.
Not Applicable.
(b) Pro forma financial information.
Not Applicable.
(c) Exhibits.
99 Press Release, dated May 14, 1997, announcing the exercise of
the managing underwriter's overallotment option.
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SIGNATURE
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.
CHIC BY H.I.S, INC.
By /s/ Burton M. Rosenberg
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Burton M. Rosenberg
Chairman and Chief Executive Officer
Dated: May 14, 1997
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EXHIBIT INDEX
Sequentially
Exhibit Numbered
Number Exhibit Page
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99 Press Release, dated May 14, 1997,
announcing the exercise of the managing
underwriter's overallotment option.
Page 4
Exhibit 99
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FOR IMMEDIATE RELEASE
May 14, 1997 -- Chic by H.I.S, Inc. (New York Stock Exchange symbol:
JNS) announced that the managing underwriter in connection with the initial
public offering of its wholly owned German subsidiary, H.I.S. sportswear AG
("H.I.S."), has exercised its overallotment option to purchase an additional
200,000 shares (representing 4.5%) of H.I.S. at an offering price of DM39 per
share (approximately $22.94 per share), bringing the total number of shares of
H.I.S. sold pursuant to the offering to 2,120,000 (representing 47.5%). The
securities sold pursuant to the offering have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
Net proceeds to be received by Chic from the sale will be used to
repay indebtedness and for general corporate purposes.
Chic designs, manufactures and markets moderately priced, basic
style, cotton denim jeans, casual pants and shorts for women, girls, men and
boys. Chic's German subsidiary markets women's and men's jeans and casual pants
under the H.I.S. brand name primarily in Germany and, to a lesser extent,
Austria, Switzerland, the Czech Republic and Poland.
FOR FURTHER INFORMATION: Contact: Chic Public Relations
Department (212-302-6400).
