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): August 16, 2004
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LIZ CLAIBORNE, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 001-10689 13-2842791
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification Number)
1441 Broadway, New York, New York 10018
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 354-4900
NOT APPLICABLE
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
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Liz Claiborne makes final payment of $192 million for Mexx Group B.V.
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On May 23, 2001, Liz Claiborne, Inc., a Delaware corporation (the "Company"),
acquired 100 percent of the equity interest of Mexx Group B.V. ("Mexx"), a
privately held fashion apparel company incorporated and existing under the laws
of The Netherlands, for a purchase price consisting of: (a) $255.1 million (295
million euro), in cash at closing (including the assumption of debt), and (b) a
contingent payment determined as a multiple of Mexx's earnings and cash flow
performance for either the 2003, 2004 or 2005 year. The 2003 measurement year
was selected for the calculation of the contingent payment and on August 16,
2004, the Company made the required final payment of approximately $192 million
(160 million euro).
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.
LIZ CLAIBORNE, INC.
Dated: August 16, 2004 By: /s/ Michael Scarpa
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Name: Michael Scarpa
Title: Senior Vice President,
Chief Financial Officer