-----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, R+eDkrKGiEUJ6yK3ODgDGnM67rHdXWtI85VxX516VxqbrVcb8v9S52H5Ar2e+6gl X/WGYyTQSQY02hmANdiRFQ== 0000950142-03-001795.txt : 20031014 0000950142-03-001795.hdr.sgml : 20031013 20031014173037 ACCESSION NUMBER: 0000950142-03-001795 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031014 ITEM INFORMATION: ITEM INFORMATION: Other events FILED AS OF DATE: 20031014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FAB INDUSTRIES INC CENTRAL INDEX KEY: 0000034136 STANDARD INDUSTRIAL CLASSIFICATION: KNITTING MILLS [2250] IRS NUMBER: 132581181 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05901 FILM NUMBER: 03940359 BUSINESS ADDRESS: STREET 1: 200 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2122799000 MAIL ADDRESS: STREET 1: 200 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10016 8-K 1 form8k_101403.txt FORM 8-K CURRENT REPORT 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): OCTOBER 14, 2003 --------------------------- FAB INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-5901 13-2581181 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of incorporation File Number) Identification No.) or organization) 200 MADISON AVENUE NEW YORK, NEW YORK 10016 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 592-2700 ------------------------ NOT APPLICABLE - -------------------------------------------------------------------------------- (Former name or former address if changed since last report) ITEM 5. OTHER EVENTS On October 14, 2003, Fab Industries, Inc. (the "Company") issued a press release announcing that to date the Company had not received any bona fide offers to acquire the business. The Company engaged the investment banking firm McFarland Dewey & Co., LLC in November 2002 to assist with the sale of the business. The Board of Directors is considering the Company's alternatives. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On October 14, 2003, the Company also announced its results of operations for the quarter ended August 30, 2003. The press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this item. 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. FAB INDUSTRIES, INC. Dated: October 14, 2003 By: /s/ Samson Bitensky --------------------------------------- Samson Bitensky Chairman of the Board and Chief Executive Officer INDEX TO EXHIBITS 99.1 Press Release, dated October 14, 2003. EX-99 3 ex991-form8k_101403.txt EXHIBIT 99.1 EXHIBIT 99.1 ------------ FAB INDUSTRIES, INC. 200 MADISON AVENUE * NEW YORK, N.Y. 10016 * (212) 592-2700 * FAX (212) 689-6929 FOR IMMEDIATE RELEASE: FAB INDUSTRIES, INC. 200 MADISON AVENUE NEW YORK, N.Y. 10016 FAB INDUSTRIES, INC. (ASE) REPORTS NINE MONTHS RESULTS October 14, 2003 New York, N.Y., October 14, 2003. Sales and earnings for the third quarter ended August 30, 2003 were reported today by Samson Bitensky, Chairman of the Board of Fab Industries, Inc., a major manufacturer of knitted textile fabrics, laces, related finished home products and laminated products.
FAB INDUSTRIES, INC. AND SUBSIDIARIES ------------------------------------- OPERATING RESULTS ----------------- 13 WEEKS ENDED 39 WEEKS ENDED ------------------------------------ ---------------------------------- AUGUST 30, 2003 AUGUST 31, 2002 AUGUST 30, 2003 AUGUST 31, 2002 --------------- --------------- --------------- --------------- Net Sales $13,357,000 $17,920,000 $38,590,000 $49,532,000 Net Income (1,252,000) 1,010,000 (1,202,000) 1,959,000 Earnings (Loss) - -Per-Share Of Common Stock Basic ($0.24) $0.19 ($0.23) $0.38 Diluted ($0.24) $0.19 ($0.23) $0.38
In addition, Samson Bitensky also announced that to date the Company had not received any bona fide offers to acquire the business. The Company engaged the investment banking firm McFarland Dewey & Co., LLC in November 2002 to assist with the sale of the business. The Board of Directors is considering the Company's alternatives. This press release contains forward-looking statements about Fab Industries, Inc., including those statements regarding future operating results and the timing and composition of revenues, among others. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially, including the following: our ability to find qualified buyers for our assets; overall economic and business conditions; our continuing ability to support the demand for our goods and services; competitive factors in the industries in which we compete; changes in government regulation; changes in tax requirements (including tax rate changes, new tax laws and revised tax interpretations); interest rate fluctuations and other capital market conditions, including foreign currency rate fluctuations; material contingencies provided for in a sale of our assets; de-listing of our common stock from the American Stock Exchange; our ability to retain key employees during any wind down period; and any litigation arising as a result of our plan to wind down our operations. Additional risks are discussed in the company's filings with the Securities and Exchange Commission, including the company's annual report on form 10-K for the year ended November 30, 2002. These risks and uncertainties should be considered in evaluating any forward-looking statements contained in this press release. CONTACT INFORMATION: David Miller James Dubin Vice President - Chief Financial Officer Partner Fab Industries, Inc. Paul, Weiss, Rifkind, Wharton & Garrison LLP (212) 592-2865 (212) 373-3026 david.miller@fab-industries.com jdubin@paulweiss.com
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