-----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, WKSl95mUpTOxsCSGYmMqNZORqCqyRPr/o2lJ9Jrz8OfgHBbbp7GueiGr3ypUFXdV mLA87JzddUofbtzqI5FjUA== 0001047469-98-010645.txt : 19980323 0001047469-98-010645.hdr.sgml : 19980323 ACCESSION NUMBER: 0001047469-98-010645 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980317 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980320 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMPIRE OF CAROLINA INC CENTRAL INDEX KEY: 0000312840 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 132999480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07909 FILM NUMBER: 98569425 BUSINESS ADDRESS: STREET 1: 5150 LINTON BLVD STREET 2: 5TH FL CITY: DELRAY BEACH STATE: FL ZIP: 33484 BUSINESS PHONE: 9198234111 MAIL ADDRESS: STREET 1: P O BOX 4000 CITY: TARBORO STATE: NC ZIP: 27886 8-K 1 8-K 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 MARCH 17, 1998 ----------------------------------------------- Date of Report (Date of earliest event reported) EMPIRE OF CAROLINA, INC. --------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-7909 13-2999480 ---------------------------- -------------- ------------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 5150 LINTON BOULEVARD, 5TH FLOOR, DELRAY BEACH, FLORIDA 33484 -------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (561) 498-4000 ------------------------------- (Registrant's telephone number) -1- ITEM 5. OTHER EVENTS. On March 17, 1998, Empire of Carolina, Inc. issued the press release attached hereto as Exhibit 99, which press release is hereby incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit Number Description ------ ----------- 99 Press Release, dated March 17, 1998
-2- 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. EMPIRE OF CAROLINA, INC. By /s/ Lawrence Geller ---------------------------- Name: Lawrence Geller Title: Vice President & General Counsel Date: March 20, 1998 -3- EXHIBIT INDEX
Exhibit Number Description ------ ----------- 99 Press Release, dated March 17, 1998
-4- EX-99 2 EXHIBIT 99 EXHIBIT 99 FOR IMMEDIATE RELEASE EMPIRE OF CAROLINA REPORTS AMENDMENT OF QUARTERLY STATEMENTS DELRAY BEACH, FL, MARCH 17, 1998 -- EMPIRE OF CAROLINA (AMEX:EMP) a designer, manufacturer and marketer of children's toys today reported that it has amended its 1997 Form 10-Q filings for the quarters ended June 30 and September 30, 1997. The amendments reflect the conversion discount feature of Empire's Series A convertible preferred stock and warrants issued in June. The amendments reflect the provisions of Emerging Issues Task Force (EITF) Topic No. D-60, "Accounting for Issuance of Convertible Preferred Stock and Debt Securities with a Nondetachable Conversion Feature," issued in May 1997. The value of the conversion feature, approximately $19,270,000, is accounted for as a one-time dividend to the Series A preferred shareholders. Consequently, Empire's accumulated deficit and additional paid-in capital have been increased by $19,270,000. Loss per common share for the three and six months ended June 30, 1997 have been restated to $(2.69) and $(3.14), respectively, as compared to $(0.10) and $(0.54) as previously reported. Loss per common share for the nine months ended September 30, 1997 has been rested to $(3.56) as compared to $(0.99) as previously reported. The amendments did not change the Company's revenue, net loss or cash flows for any periods presented. Empire of Carolina, Inc. designs, develops, manufactures and markets a broad range of basic plastic children's toys. The Company's full line includes the Big Wheel-Registered Trademark- line of ride-on toys, Grand Champions-Registered Trademark- collectible horses, and Buddy L-Registered Trademark- cars and trucks. Its Holiday products Division produces and markets decorative seasonal items including Christmas, Halloween and Easter illuminated products. CONTACT: Lawrence Geller, (561) 498-4000, or LGELLER@EMPIRETOYS. COM -5- -----END PRIVACY-ENHANCED MESSAGE-----