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):  April 30, 2001


                               CVEO Corporation
- --------------------------------------------------------------------------------
                (Exact name of registrant specified in Charter)

        Delaware                      1-13430                     04-1419731
- --------------------------------------------------------------------------------
(State or other jurisdiction   (Commission File Number)       (I.R.S. Employer
    of incorporation)                                        Identification No.)

   One Fordham Road, North Reading, MA                              01864
- --------------------------------------------------------------------------------
(Address of principal executive offices)                          Zip Code

Registrant's telephone, including area code:  978.664.1100

                                 Converse Inc.
- --------------------------------------------------------------------------------
        (Former name and former address, if changed since last report)


ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS

     On April 30, 2001, CVEO Corporation (the "Company"), formerly named
Converse Inc., completed the sale of substantially all of its assets to Footwear
Acquisition, Inc. As previously disclosed, the sale price was $117,500,000,
subject to adjustments. Over the next several weeks closing levels of inventory
and accounts receivable will be calculated, and the final sale price will be
determined.

     Proceeds of the sale will be used to repay amounts outstanding under the
Company's debtor in possession financing facility.  The remaining proceeds will
be utilized to fund the ongoing expenses of the Company's chapter 11 case and to
fund creditor distributions.  Creditor claims substantially exceed available
proceeds, but there has been no determination of any amount payable to unsecured
creditors or the timing of any such payment.  No distribution to stockholders is
expected.

     Because the sale included the name "Converse" and all other intellectual
property, the Company has changed its name to "CVEO Corporation."

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (c)   Exhibits
           --------

     99.1  Press Release dated May 1, 2001.


                                  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, in North Reading, Massachusetts on May 2,
2001.

                                            CVEO CORPORATION


                                            By: /s/ James E. Lawlor
                                                -------------------
                                                James E. Lawlor
                                                Senior Vice President and
                                                Chief Financial Officer

                                       2


                               INDEX TO EXHIBITS


Exhibit                                                            Page
- -------                                                            ----
99.1    Press Release dated May 1, 2001                              4

EX-99.1

                                                                    EXHIBIT 99.1



                                   Investor Contact and Media Contact:
FOR IMMEDIATE RELEASE              Jack A. Green, Senior Vice President
                                   Administration, General Counsel and Secretary
                                   978/664-7577


                     CONVERSE INC. ANNOUNCES COMPLETION OF
                                   ASSET SALE


     North Reading, MA, May 1, 2001 - Converse Inc. (OTC BB: CVEO), announced
that the sale of substantially all of its assets to Footwear Acquisition, Inc.
was accomplished as scheduled on April 30, 2001. As previously disclosed, the
sale price was $117,500,000, subject to adjustments. Over the next several
weeks, closing levels of inventory and accounts receivable will be calculated,
and the final sale price will be determined.

     Proceeds of the sale will be used to repay amounts outstanding under the
Company's debtor in possession financing facility. The remaining proceeds will
be utilized to fund the ongoing expenses of the Company's chapter 11 case and to
fund creditor distributions. Creditor claims substantially exceed available
proceeds, but there has been no determination of any amount payable to unsecured
creditors or the timing of any such payment. No distribution to stockholders is
expected.

     Because the sale included the name "Converse" and all other intellectual
property, the Company plans to change its name to "CVE Corporation."

                                    *  *  *

     This press release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995.  Words such as
"expect," "believe," "intend" and words or terms of similar substance used in
connection with any discussion of future events identify forward-looking
statements.  All forward-looking statements are management's present
expectations of future events that are subject to a number of factors and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements.