8-K

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): January 25, 2021

UNIFI, INC.

(Exact name of registrant as specified in its charter)

New York	1-10542	11-2165495
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
7201 West Friendly Avenue Greensboro, North Carolina		27410
(Address of principal executive offices)		(Zip Code)

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

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.10 per share	UFI	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).  

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On January 25, 2021, the Board of Directors (the “Board”) of Unifi, Inc. (the “Company”) elected Emma S. Battle, President and Chief Executive Officer of MarketVigor LLC, a business services company she founded in 2003, to the Board, effective that day, with a term expiring at the Company’s 2021 Annual Meeting of Shareholders. Concurrent with her election as a director, Ms. Battle was appointed to the Compensation Committee of the Board.  There are no arrangements or understandings between Ms. Battle and any other persons pursuant to which she was selected as a director.  Additionally, there are no transactions involving the Company and Ms. Battle that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.

Ms. Battle will receive compensation for her Board and committee service in accordance with the Company’s Director Compensation Policy for independent directors, a copy of which was filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 29, 2019.  Specifically, in connection with her election as a director, Ms. Battle will receive a prorated annual retainer of $75,824, all of which will be paid in the form of shares of the Company’s common stock. 

A copy of the press release announcing Ms. Battle's election is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release of Unifi, Inc., dated January 26, 2021.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.
Date:  January 26, 2021	By:	/s/ EDMUND M. INGLE
		Edmund M. Ingle
		Chief Executive Officer

EX-99.1

Exhibit 99.1

Unifi Elects Emma Battle to the Board of Directors

Adding over 30 years of diverse business, marketing and strategy experience to the Board

Greensboro, N.C. January 26, 2021 -- Unifi, Inc. (NYSE: UFI), one of the world's leading innovators in recycled and synthetic yarns, today announced the election of Emma Battle to the Board of Directors as of January 25, 2021.

Ms. Battle is currently President and CEO of MarketVigor, a business services company she founded in 2003, and is the President and CEO of Higher Ed Works, a nonpartisan public charity supporting public higher education in North Carolina. She has spent the past 20 years as a leader in B2B, B2C, digital and e-commerce marketing, and she has over 30 years of business experience in marketing, operations and strategy at various companies, including Hanesbrands Inc., PepsiCo, Inc., and Red Hat, Inc. Ms. Battle received her B.A. degree in Economics and Spanish from Duke University and obtained her MBA from Harvard School of Business.

Executive Chairman Al Carey stated, “We are very excited to welcome Emma to Unifi’s Board of Directors. She brings over two decades of highly relevant business and strategy experience, and her impressive track record in marketing will be a great asset to Unifi.   We believe she will provide a complementary set of perspectives to help steward our leaders and growing portfolio.”

Ms. Battle stated, “I am honored to be elected to the Board of Directors of Unifi and believe the Company has a tremendous opportunity to drive long-term growth through its innovative sustainability platform. I look forward to leveraging my past experiences to share insights with the team as they continue to execute on Unifi’s vision and operational initiatives.”

About Unifi:

Unifi, Inc. (NYSE: UFI) is a global textile solutions provider and one of the world's leading innovators in manufacturing synthetic and recycled performance fibers. Through REPREVE^®, one of Unifi's proprietary technologies and the global leader in branded recycled performance fibers, Unifi has transformed more than 23 billion plastic bottles into recycled fiber for new apparel, footwear, home goods and other consumer products. The Company's proprietary PROFIBER™ technologies offer increased performance, comfort and style advantages, enabling customers to develop products that perform, look and feel better. Unifi continually innovates technologies to meet consumer needs in moisture management, thermal regulation, antimicrobial, UV protection,

stretch, water resistance and enhanced softness. Unifi collaborates with many of the world's most influential brands in the sports apparel, fashion, home, automotive and other industries.  For more information about Unifi, visit www.Unifi.com.

For more information, contact:

Alpha IR Group

312-445-2870

UFI@alpha-ir.com

###

XML

Document and Entity Information	Jan. 25, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 25, 2021
Entity Registrant Name	UNIFI, INC.
Entity Central Index Key	0000100726
Entity Emerging Growth Company	false
Entity File Number	1-10542
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	11-2165495
Entity Address, Address Line One	7201 West Friendly Avenue
Entity Address, City or Town	Greensboro
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27410
City Area Code	336
Local Phone Number	294-4410
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	UFI
Security Exchange Name	NYSE