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 Act of 1934


      Date of Report (Date of earliest event reported): October 23, 1997



                            MOHAWK INDUSTRIES, INC.
             ----------------------------------------------------
            (Exact name of registrant as specified in its charter)



      Delaware                   01-19826              52-1604305
   -----------------     -----------------------      ------------  
   (State or other      (Commission File Number)    (IRS Employer
   jurisdiction of                                  Identification No.) 
    incorporation)
       



              160 South Industrial Blvd., Calhoun, Georgia  30701
    -----------------------------------------------------------------------
         (Address, including zip code, of principal executive offices)



                                (706) 629-7721
        --------------------------------------------------------------
             (Registrant's telephone number, including area code)

 
Item 5.   Other Events.
          -------------

          On October 23, 1997, Mohawk Industries, Inc. announced that its Board
          of Directors declared a three-for-two stock split to be effected in
          the form of a 50% stock dividend on the Company's common stock to be
          paid on December 4, 1997 to stockholders of record on November 4,
          1997. Currently, there are approximately 34.7 million shares of the
          Company's common stock outstanding and, following the stock split,
          there will be approximately 52 million shares of the Company's common
          stock outstanding. Cash will be paid in lieu of fractional shares.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
          -------------------------------------------------------------------

     C.   Exhibits

          99.1 Press Release dated October 23, 1997

 
                                   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.


                                 Mohawk Industries, Inc.



Date: October 23, 1997          By: /s/ Frank H. Boykin
                                   -------------------------
                                     Frank H. Boykin
                                     Corporate Controller

 
                               INDEX TO EXHIBITS
                               -----------------

 
     Exhibit
     -------

     99.1      Press Release dated October 23, 1997

EX-99.1

 
                                 EXHIBIT 99.1
                            Mohawk Industries, Inc.
                                 Press Release



 
NEWS RELEASE                         [MOHAWK LOGO APPEARS HERE]
- ------------------------------                     
 
                              POST OFFICE BOX 12069
                              SOUTH INDUSTRIAL BLVD.
                              CALHOUN, GA 30703
                              (706) 629-7721

FOR RELEASE:   IMMEDIATELY

CONTACT:  JOHN D. SWIFT, CHIEF FINANCIAL OFFICER


                 MOHAWK INDUSTRIES, INC. ANNOUNCES STOCK SPLIT

CALHOUN, GEORGIA, OCTOBER 23, 1997 - MOHAWK INDUSTRIES, INC. (NASDAQ/NMS-MOHK)
TODAY ANNOUNCED THAT ITS BOARD OF DIRECTORS DECLARED A THREE-FOR-TWO STOCK SPLIT
TO BE EFFECTED IN THE FORM OF A 50% STOCK DIVIDEND ON THE COMPANY'S COMMON STOCK
TO BE PAID ON DECEMBER 4, 1997 TO OWNERS OF RECORD AT THE CLOSE OF BUSINESS ON
NOVEMBER 4, 1997.  CURRENTLY, THERE ARE APPROXIMATELY 34.7 MILLION SHARES OF THE
COMPANY'S COMMON STOCK OUTSTANDING AND, FOLLOWING THE STOCK SPLIT, THERE WILL BE
APPROXIMATELY 52 MILLION SHARES OF THE COMPANY'S COMMON STOCK OUTSTANDING.  CASH
WILL BE PAID IN LIEU OF FRACTIONAL SHARES.

MOHAWK IS A LEADING PRODUCER OF WOVEN AND TUFTED BROADLOOM CARPET AND RUGS FOR
RESIDENTIAL AND COMMERCIAL APPLICATIONS.  THE COMPANY DESIGNS, MANUFACTURES AND
MARKETS CARPET IN A BROAD RANGE OF COLORS, TEXTURES AND PATTERNS AND IS WIDELY
RECOGNIZED THROUGH ITS PREMIER BRAND NAMES, SOME OF WHICH INCLUDE "ALADDIN,"
"ALEXANDER SMITH," "BIGELOW," "GALAXY," "HARBINGER," "HELIOS," "HORIZON,"
"KARASTAN," "MOHAWK" AND "MOHAWK COMMERCIAL."  MOHAWK OFFERS A BROAD LINE OF
WASHABLE ACCENT AND BATH RUGS THROUGH ALADDIN AND AREA RUGS THROUGH KARASTAN AND
AMERICAN RUG CRAFTSMEN.  THE COMPANY MARKETS ITS PRODUCTS PRIMARILY THROUGH
RETAILERS AND COMMERCIAL DEALERS.



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