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: December 6, 1995 DESIGNS, INC. ------------- (Exact Name of registrant as specified in its charter) Delaware 0-15898 04-2623104 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1244 Boylston Street, Chestnut Hill, Massachusetts 02167 (Address of principal executive offices) (Zip Code) (617) 739-6722 (Registrant's telephone number, including area code) Item 5. Other Events As of October 16, 1995, the Board of Directors of Designs, Inc. (the "Company") authorized the Company to enter into Employment Agreements with each of its four senior executive officers. The four senior executive officers of the Company, Joel H. Reichman, President and Chief Executive Officer, Scott N. Semel, Senior Vice President, General Counsel and Secretary, Mark S. Lisnow, Senior Vice President, Merchandising, and William D. Richins, Chief Financial Officer, and the Company have entered into such Employment Agreements. Each Employment Agreement provides, among other things, that the initial term of employment will cover a period of three years following the date the Agreement was authorized, unless the Agreement is terminated prior thereto in accordance with its terms. Accompanying this Report as Exhibits 10.1 through 10.4 are the Employment Agreements between the Company and each of Mr. Reichman, Mr. Semel, Mr. Lisnow and Mr. Richins. 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. DESIGNS, INC. Date: December 6, 1995 By: /s/ Scott N. Semel --------------------------------------- Scott N. Semel, Senior Vice President, General Counsel and Secretary Index to Exhibits ----------------- Exhibit No. Description - ----------- ----------- 10.1. Employment Agreement dated as of October 16, 1995 between Designs, Inc. and Joel H. Reichman 10.2. Employment Agreement dated as of October 16, 1995 between Designs, Inc. and Scott N. Semel 10.3. Employment Agreement dated as of October 16, 1995 between Designs, Inc. and Mark S. Lisnow 10.4. Employment Agreement dated as of October 16, 1995 between Designs, Inc. and William D. Richins