-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E0+c6q8WDAE2MKMI8NMmJQ0sC5VZi4+t6pK80FJoZsuTCLD54jE6Us/bTWYIbdIl K8sh4QGVcR1pf42XHV4/qQ== 0001157523-03-005228.txt : 20031007 0001157523-03-005228.hdr.sgml : 20031007 20031007121024 ACCESSION NUMBER: 0001157523-03-005228 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031001 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DONNKENNY INC CENTRAL INDEX KEY: 0000029693 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 510228891 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21940 FILM NUMBER: 03930901 BUSINESS ADDRESS: STREET 1: 1411 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2127307770 MAIL ADDRESS: STREET 1: 1411 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10018 8-K 1 a4486254.txt DONNKENNY 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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) October 1, 2003 ------------------------ DONNKENNY, INC. ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter Delaware 0-21940 51-0228891 - --------------------------------- ----------------- -------------------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 1411 Broadway New York, New York 10018 ---------------------------------------- ------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212)730-7770 ----------------------------- Not applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 2. Acquisition or Disposition of Assets. ------------------------------------- On October 1, 2003, the Registrant acquired certain stated assets of Robyn Meredith, Inc. ("RMI"). The assets that were acquired were the assets of RMI devoted to its women's sportswear business and consisted of inventory of finished goods, raw materials and trim, certain tradenames including the name "Robyn Meredith", open purchase orders and certain equipment that was subject to equipment lease agreements. Registrant intents to continue to use these assets for the manufacture and distribution of women's sportswear. The purchase price paid to RMI by Registrant was $4.6 million, of which $3.4 million was delivered at the closing of the transaction and $1.2 million was represented by the delivery of a Promissory Note providing for equal monthly payments over three years without interest. The purchase price was determined by valuing the inventory and through negotiations between the parties as to the balance of the purchase price. The Registrant also took over a lease obligation for facilities in Burlington New Jersey to be used primarily for office space and for some finishing and shipping functions. The Lease for the premises provides for a three year term with monthly rent of $9,400 plus payment of a pro-rata portion of common expenses for the building. The Registrant also entered into a month to month agreement for temporary space in the Burlington New Jersey building providing for a monthly rent of $19,100. The financial component of the acquisition was funded under the Registrant's existing Credit Facility with CIT. Prior to the acquisition by Registrant described above, neither the Registrant nor any of its affiliates, directors or officers, nor any associate of any such director or officer, had any relationship with RMI. Item 5. Other Events and Regulation FD Disclosure. ------------------------------------------ On October 3, 2003, the Registrant issued a Press Release announcing the acquisition of the Robyn Meredith women's sportswear business by the Registrant. Item 7. Financial Statements and Exhibits. ---------------------------------- (a) Financial Statements of business acquired. All required financial statements and pro forma financial information will be filed by amendment to this Report not later than sixty (60) days after the due date of this report. (b) Pro-forma financial information. All required financial statements and pro forma financial information will be filed by amendment to this Report not later than sixty (60) days after the due date of this report. (c) Exhibits 99.5 Press Release issued October 3, 2003 announcing the acquisition of the Robyn Meredith women's sportswear business by the Registrant. 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. Dated: October 7, 2003 DONNKENNY, INC. By: /s/ Daniel H. Levy ----------------------- Daniel H. Levy Chief Executive Officer EX-99 3 a4486254_ex991.txt DONNKENNY EXHIBIT 99.1 Exhibit 99.1 Donnkenny Inc. Announces Completion of Purchase of Assets from Robyn Meredith Sportswear NEW YORK--(BUSINESS WIRE)--Oct. 3, 2003--Donnkenny, Inc. (OTC BB:DNKY) today announced the completion of the acquisition of assets of Robyn Meredith's Sportswear business. Robyn Meredith, Inc. manufactures women's private label and branded apparel for companies which are located in the continental United States, Canada and Puerto Rico. Daniel H. Levy, Chairman and CEO, stated "we are very excited about this expansion of our company's business. With this acquisition, we are adding a significant amount of volume to Donnkenny. We are also pleased that Alan Wallace, Mathew Wallace and Harris Snyder will be joining us. Combined they have 86 years of experience in the apparel industry and will add appreciably to our knowledge and expertise. Levy continued "this acquisition fits perfectly with Donnkenny's long-term strategy of being a private label and branded business, and expanding our avenues of distribution." The seller was represented by Marketing Management Group in this transaction. Donnkenny designs, manufactures, imports and markets a broad line of moderate and better priced women's and junior's sportswear and ladies coats. The Company's major labels include Pierre Cardin(R), Harve Benard(R), Donnkenny(R), Casey & Max(R), Victoria Jones(R) and Z.Cavaricci, as well as ladies coats under the Bill Blass(R), Bill Blass Signature(R), Blassport(R), and Nicole Miller(R) labels. Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include a softening of retailer or consumer acceptance of the Company's products or pricing pressures and other competitive factors. These and other risks are more fully described in the Company's 10-K and 10-Q filings with the Securities and Exchange Commission. CONTACT: Donnkenny, Inc. Carole Greenidge, 212-790-3940 carolegreenidge@donnkenny.com -----END PRIVACY-ENHANCED MESSAGE-----