SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report:
June 30, 2000
Designs, Inc.
( Exact name of registrant as specified in its charter)
Delaware 0-15898 04-2623104
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
66 B Street, Needham, MA 02494
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(Address of principal executive offices) ( Zip Code )
781-444-7222
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Registrant's telephone number,
including area code )
Item 5. Other Events
On June 28, 2000, Designs, Inc. (the "Company") announced that its Board of
Directors authorized a stock repurchase program under which it may purchase up
to 10% of the Company's outstanding Common Stock over time, depending on
market and business conditions. Shares are expected to be purchased from time
to time in open market transactions and privately negotiated transactions,
subject to the availability and price of the stock. The Company currently has
approximately 16.4 million shares outstanding.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DESIGNS, INC.
Dated: June 30, 2000 by: /s/David A. Levin
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David A.Levin, President,
Chief Executive Officer
and Director