<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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): April 9, 1998
PILLOWTEX CORPORATION
(Exact name of registrant as specified in its charter)
Texas 1-11756 75-2147728
- ---------------------------- ------------ --------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4111 Mint Way, Dallas, Texas 75237
------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 333-3225
---------------
(Not Applicable)
-------------------------------------------------------------
(Former name or former address, if changed since last report)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
Item 5. Other Events
The Registrant files herewith the exhibit listed in Item 7 below.
Item 7. Exhibits
The following exhibit is furnished in accordance with Item 601 of
Regulation S-K:
99 Press Release
<PAGE>
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.
(REGISTRANT) PILLOWTEX CORPORATION
BY (SIGNATURE) /s/ Jeffrey D. Cordes
(NAME AND TITLE) Jeffrey D. Cordes
President and Chief Operating Officer
(DATE) April 9, 1998
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit Method of Filing
- ------- ------------------------------
<S> <C> <C>
99 Press Release Filed herewith electronically
</TABLE>
PILLOWTEX
CORPORATION
News Release
FOR IMMEDIATE RELEASE
Contact: Jeffrey D. Cordes
President and COO
214/333-3225 ext. 202
April 9, 1998 -- Pillowtex Corporation (NYSE:PTX) (www.pillowtex.com)
announced today that it has resolved the litigation brought against it by
Louisville Bedding Company. The settlement will enable Pillowtex to
continue to manufacture and sell its existing Adjust-A-Fit mattress pad product
line without further claims by Louisville.
Pillowtex presently anticipates that after giving effect to a non-recurring
charge to be taken in connection with the settlement, its net earnings per share
for the first fiscal quarter of 1998 will meet or exceed current analysts'
consensus estimate of $.28 per share.
Pillowtex Corporation, with annualized sales in excess of $1.6 billion,
markets and manufactures home textile furnishings for the bedroom and bathroom.
The company operates a network of manufacturing, purchasing and distribution
facilities in the U.S. and Canada with approximately 14,000 employees.
---
This press release contains certain forward-looking statements. Such
statements are based upon the beliefs and assumptions of, and on information
available to, Pillowtex's management. Because such forward-looking statements
are subject to various risks and uncertainties, results may differ materially
from those expressed in or implied by such statements. Many of the factors that
will determine these results are beyond Pillowtex's ability to control or
predict. Factors which could affect the company's future results and could
cause results to differ materially from those expressed in or implied by such
forward-looking statements are discussed under the caption "Cautionary Statement
Regarding Forward-Looking Statements" in Pillowtex's annual report on Form 10-K
for its fiscal year ended January 3, 1998 and under the caption "Risk Factors"
in each of the Joint Proxy Statement/Prospectus forming a part of Pillowtex's
Registration Statement on Form S-4 (No. 333-36663) and the Prospectus forming a
part of its Registration Statement on Form S-4 (No. 333-46209).
