8-K 1 0001.txt CURRENT REPORT =========================================================================== 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): June 12, 2000 ----------------------------------------------------- Jones Apparel Group, Inc. ----------------------------------------------------- (Exact name of registrant as specified in its charter) Pennsylvania 1-10746 06-0935166 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 250 Rittenhouse Circle, Bristol, Pennsylvania 19007 (Address of principal executive offices) (Zip Code) (215) 785-4000 (Registrant's telephone number, including area code) =========================================================================== 2 Item 5. Other Events On June 12, 2000, the registrant issued a press release announcing that it had signed a letter of intent on that date to purchase 100% of the issued and outstanding capital stock of Victoria + CO LTD., a privately- held corporation ("Victoria"). Victoria is a leading designer and marketer of branded and private label costume jewelry. If the acquisition is consummated, the purchase price payable to the stockholders of Victoria would be payable in cash in the amount of $90 million less the amount of Victoria's funded debt. The registrant would assume or refinance the approximately $65 million of funded debt. In addition, the stockholders of Victoria would be entitled to receive future payments in the form of cash and common stock of the registrant, if certain earnings targets are met in 2001, 2002 and 2003. A copy of the press release is filed herewith as Exhibit 20.1. Item 7. Exhibits 20.1 Press Release of the Registrant dated June 12, 2000. - 2 - 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. JONES APPAREL GROUP, INC. (Registrant) By: /s/ Wesley R. Card -------------------- Wesley R. Card Chief Financial Officer Date: June 13, 2000 - 3 - 4 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ----------- --------------------------------------------------- 20.1 Press Release of the Registrant dated June 12, 2000 - 4 -