-----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, PgaT23elXJCI8iFbZVKmC3f+75ynOCVhw8R76ex1ubadsv2ZTLglo3Kcvmce4NDd jLpbTeJSbEaTw5gKiCXCKA== 0000950123-01-501792.txt : 20010507 0000950123-01-501792.hdr.sgml : 20010507 ACCESSION NUMBER: 0000950123-01-501792 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010504 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HANOVER DIRECT INC CENTRAL INDEX KEY: 0000320333 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 138053260 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08056 FILM NUMBER: 1621990 BUSINESS ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 BUSINESS PHONE: 2018653800 MAIL ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 FORMER COMPANY: FORMER CONFORMED NAME: HORN & HARDART CO /NV/ DATE OF NAME CHANGE: 19920703 8-K 1 y48672e8-k.txt HANOVER DIRECT, INC. 1 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): May 4, 2001 --------------------- Hanover Direct, Inc. ------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) 1-12082 ---------------------------------- (Commission File Number) Delaware 13-0853260 - ----------------------------------- ----------------------------- (State or Other Jurisdiction (I.R.S. Employer of Incorporation) Identification Number) 1500 Harbor Boulevard Weehawken, New Jersey 07087 - ----------------------------------- -------------- (Address of Principal (Zip Code) Executive Offices)
Registrant's telephone number, including area code: (201) 863-7300 ------------------- - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) 2 ITEM 5. OTHER EVENTS. On May 4, 2001, Hanover Direct, Inc. (the "Company") issued a press release announcing (i) the sale of its fulfillment warehouse in Hanover, Pennsylvania for $4.7 million, (ii) that the Company's Annual Shareholders Meeting will be held at the Hotel Intercontinental, 111 East 48th Street, New York, New York on Thursday, May 31, 2001 at 9:30 a.m, and (iii) that a conference call with management to review the 1st quarter fiscal 2001 results will be held on Wednesday, May 16, 2001 at 11 a.m. Eastern Standard Time. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits. Exhibit 20.1 - Press Release dated May 4, 2001 of the Company. 3 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. HANOVER DIRECT, INC. --------------------------------------------- (Registrant) May 4, 2001 By: /s/ Brian C. Harriss --------------------------------------------- Name: Brian C. Harriss Title: Executive Vice President and Chief Financial Officer EX-20.1 2 y48672ex20-1.txt NEWS RELEASE 1 Exhibit 20.1 [HANOVER DIRECT LOGO] FOR IMMEDIATE RELEASE CONTACT: Hanover Direct, Inc The MWW Group Brian C. Harriss Jamie Schwartz E.V.P & Chief Financial Officer Rich Tauberman Tel: (201) 272-3224 Tel: (201) 507-9500 HANOVER DIRECT COMPLETES SALES OF HANOVER, PA WAREHOUSE FOR $ 4.7 MILLION; ANNOUNCES DATES AND TIMES FOR ANNUAL SHAREHOLDERS MEETING AND 1ST QUARTER 2001 RESULTS CONFERENCE CALL WEEHAWKEN, NJ, May 4, 2001 -Hanover Direct, Inc. (AMEX: HNV) today announced the sale of its Kindig Lane fulfillment warehouse in Hanover, Pennsylvania to Utz Quality Foods, Inc. for $4.7 million. The Company appreciates the exceptional contributions of the employees of the Kindig Lane operation through many years of loyal and dedicated service. Hanover Direct will continue its telemarketing, information systems and accounting activities at its Poplar Street site in Hanover. The transaction is a component of Hanover Direct's business realignment plan as announced on January 5, 2001 and in subsequent public disclosures. The Company estimates the transaction will produce a net gain of approximately $1 million which will be reported in the second quarter 2001 results. Estimated net proceeds of approximately $4.4 million will be used to reduce outstanding debt under the Company's Credit Facility with the Congress Financial Corporation. Hanover Direct will continue to utilize a portion of the facility as a tenant under a lease agreement with the purchaser until the summer of 2002; during this period, the Company will transition activities from Hanover Pennsylvania to its fulfillment center in Roanoke, Virginia. Newmark Retail Financial Advisors LLC, retained to explore the possible sale of the Company's Gump's and International Male assets, advised Hanover Direct on the transaction. The Company's Annual Shareholders Meeting is scheduled for Thursday, May 31, 2001 and will start at 9:30 a.m. The meeting will be held at the Hotel Inter-Continental, located at 111 East 48th Street in New York City. A conference call with the management of Hanover Direct, Inc. to review the 1st Quarter fiscal 2001 results will be held on Wednesday, May 16, 2001 at 11 a.m. Eastern Standard Time. If you would like to participate in the call, please call 212-346-0100 between 10:50 a.m. and 10:55 a.m. Eastern Standard Time. A re-play of the conference will be available one hour after the call until 11:59 p.m. Eastern Standard Time on May 17, 2001 and can be accessed by calling 800-633-8284 (domestic) and 858-812-6440 (International), Access Code #: 18792870. ABOUT HANOVER DIRECT, INC. Hanover Direct, Inc. (AMEX: HNV) and its business units provide quality, branded merchandise through a portfolio of catalogs and e-commerce platforms to consumers, as well as a comprehensive range of Internet, e-commerce, and fulfillment services to businesses. Hanover Brands, Inc. is comprised 2 of the Company's catalog and e-commerce web site portfolio of home fashions, apparel and gift brands, including Domestications, The Company Store, Company Kids, Encore, Improvements, Silhouettes, International Male, Undergear, Scandia Down, and Gump's By Mail. The Company owns Gump's, a retail store based in San Francisco. Each brand can be accessed on the Internet individually by name. erizon, Inc. is comprised of Keystone Internet Services, Inc. (www.keystoneinternet.com), the Company's third party fulfillment operation, and also provides the logistical, IT and fulfillment needs of Hanover Brands, Inc. Information on Hanover Direct, including each of its subsidiaries, can be accessed on the Internet at www.hanoverdirect.com. ================================================================================ -----END PRIVACY-ENHANCED MESSAGE-----