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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) August 26, 1998
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ST. JOHN KNITS, INC.
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(Exact name of registrant as specified in its charter)
California 1-11752 95-2245070
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(State or other jurisdiction Commission (IRS Employer
of incorporation) File Number) Identification No.)
17422 Derian Avenue, Irvine, California 92614
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 863-1171
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Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
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A copy of the press release issued by St. John Knits, Inc., a
California corporation (the "Company"), on August 26, 1998 is filed as Exhibit
99.1 to this Current Report and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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99.1 Press Release issued by the Company on August 26, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date: September 2, 1998
ST. JOHN KNITS, INC.
By: /s/ Roger G. Ruppert
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Name: Roger G. Ruppert
Title: Senior Vice President - Finance,
Chief Financial Officer
2
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EXHIBIT INDEX
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Exhibit
No. Description of Exhibit
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99.1 Press Release issued by the Company on August 26, 1998
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EXHIBIT 99.1
[LETTERHEAD OF ST. JOHN KNITS, INC. APPEARS HERE]
FOR: St. John Knits, Inc.
For Immediate Release CONTACT: Roger G. Ruppert
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Chief Financial Officer
(949) 863-1171
ST. JOHN ANNOUNCES STOCK REPURCHASE PROGRAM
Irvine, California, August 26, 1998 - Bob Gray, Chairman and Chief Executive
Officer of St. John Knits, Inc. (NYSE:SJK), announced today that its Board of
Directors has authorized the repurchase by the Company of up to one million
shares of its common stock. The purchases will be made in the open market or in
privately negotiated transactions at prevailing prices. The timing and volume
of purchases under the program will depend upon market conditions. "In light of
the Company's strong cash position, and the current stock price level, we
believe that the repurchase of shares by the Company represents an attractive
use of cash," said Bob Gray. Mr. Gray continued, "The Board's decision to
authorize the repurchase confirms its confidence in the Company's future
potential."
The Company, headquartered in Irvine, California, is a leading designer,
manufacturer and marketer of women's clothing and accessories, sold principally
under the St. John, Griffith & Gray, SJK by St. John and Marie Gray trade names.
In addition, the Company's Retail Division operates sixteen retail boutiques and
nine outlet stores. Through a majority owned subsidiary, Amen Wardy Home, the
Company also operates four home furnishing boutiques.
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