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: January 5, 1998 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.) 66 B Street, Needham, Massachusetts 02194 (Address of principal executive offices) (Zip Code) (781) 444-7222 (Registrant's telephone number, including area code) Item 5. Other Events On December 10, 1997, Designs, Inc. (the "Company") entered into a Credit Agreement and a Security Agreement, each between the Company and BankBoston, N.A. A copy of the Credit Agreement and the Security Agreement are attached as Exhibit 10.1 and Exhibit 10.2 hereto, respectively. 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: January 5, 1998 By: /s/ Scott N. Semel ---------------------------------- Scott N. Semel, Executive Vice President and Secretary Index to Exhibits ----------------- Exhibit No. Description - ----------- ----------- 10.1. Credit Agreement dated as of December 10, 1997 between Designs, Inc. and BankBoston, N.A. 10.2. Security Agreement dated as of December 10, 1997 between Designs, Inc. and BankBoston, N.A.