0001437749-13-003359.txt : 20130322 0001437749-13-003359.hdr.sgml : 20130322 20130322123138 ACCESSION NUMBER: 0001437749-13-003359 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130322 ITEM INFORMATION: Other Events FILED AS OF DATE: 20130322 DATE AS OF CHANGE: 20130322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIFI INC CENTRAL INDEX KEY: 0000100726 STANDARD INDUSTRIAL CLASSIFICATION: TEXTILE MILL PRODUCTS [2200] IRS NUMBER: 112165495 STATE OF INCORPORATION: NY FISCAL YEAR END: 0626 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10542 FILM NUMBER: 13710217 BUSINESS ADDRESS: STREET 1: 7201 WEST FRIENDLY RD STREET 2: P O BOX 19109 CITY: GREENSBORO STATE: NC ZIP: 27419-9109 BUSINESS PHONE: 9192944410 MAIL ADDRESS: STREET 1: 7201 W FRIENDLY RD STREET 2: PO BOX 19109 CITY: GREENSBORO STATE: NC ZIP: 24719-9109 FORMER COMPANY: FORMER CONFORMED NAME: AUTOMATED ENVIRONMENTAL SYSTEMS INC DATE OF NAME CHANGE: 19720906 8-K 1 ufi20130322_8k.htm FORM 8-K ufi20130322_8k.htm

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):

March 22, 2013


UNIFI, INC.

(Exact name of registrant as specified in its charter)

New York
(State or Other Jurisdiction of Incorporation)

1-10542
(Commission File Number)

11-2165495
(IRS Employer Identification No.)

 

7201 West Friendly Avenue

Greensboro, North Carolina

(Address of Principal Executive Offices)

  

 

        27410

        (Zip Code)

 

Registrant’s telephone number, including area code: (336) 294-4410


Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


 

[ ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


 

[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


 

[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


 

[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 
 

 

ITEM 8.01.     OTHER EVENTS

 

On March 22, 2013, Unifi, Inc. (the “Registrant”) entered into a Stock Purchase Agreement with Dillon Yarn Corporation (“Dillon”). Pursuant to the Stock Purchase Agreement, the Registrant agreed to purchase 500,000 shares of the Registrant’s common stock, par value $0.10 per share (the “Common Stock”) from Dillon for an aggregate purchase price of $8,500,000. The Registrant and Dillon negotiated the purchase price of $17.00 per share based on approximately a 10% discount to the closing price of the Common Stock on March 20, 2013.

 

Mitchel Weinberger, a member of the Registrant’s board of directors, is Dillon’s president and chief operating officer. The Registrant’s board of directors approved this transaction in accordance with its related person transactions approval policy. Mr. Weinberger was not involved in any decisions by the Registrant’s board of directors, or any committee thereof, with respect to the stock purchase transaction set forth herein. Following the transaction, Mr. Weinberger will continue to beneficially own 1,180,283 shares of Common Stock, or 6.0% of the total outstanding shares.

 

 

 
 
 

 

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.


 

  UNIFI, INC.  
       
By: /S/ CHARLES F. MCCOY  
    Charles F. McCoy   
   

Vice President, Secretary and General Counsel 

  
       


 

 

Dated: March 22, 2013