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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): September 14, 2006
HAMPSHIRE GROUP, LIMITED
(Exact name of Registrant as specified in its charter)
Delaware 000-20201 06-0967107
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
1924 Pearman Dairy Road Anderson, South Carolina 29625
(Address of principal executive offices) (Zip code)
(864) 231-1200
(Registrant's telephone number including area code)
Not applicable
(Former name and former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement.
On September 14, 2006, Hampshire Group, Limited (the "Company") entered into an
employment agreement (the "Employment Agreement") with Jeffrey Meier in
connection with Mr. Meier's appointment as the Company's Senior Vice President
Global Sourcing. Previously, Mr. Meier served as the Executive Vice President
Global Sourcing of Hampshire Designers, Inc., a wholly-owned subsidiary of the
Company.
Pursuant to the Employment Agreement, Mr. Meier will assume responsibility for
the global sourcing at all of the Company's businesses. The Employment Agreement
provides for an annual base salary of $306,000 and the payment of bonuses based
on the performance of the Company. Mr. Meier also received a signing bonus in
the amount of $187,500. The Employment Agreement may be terminated by the
Company at any time and by Mr. Meier at any time upon three months' prior
written notice. If Mr. Meier is terminated by the Company without cause, Mr.
Meier will be entitled to severance in the amount of $150,000 and if Mr. Meier
is terminated during any fiscal quarter other than the first fiscal quarter of a
given year, Mr. Meier will also be entitled to the pro-rata share of his annual
bonus that Mr. Meier would otherwise have been entitled to receive. Furthermore,
Mr. Meier has agreed that during the term of his employment and for six months
thereafter, Mr. Meier will not encourage, solicit or induce any employee, client
or customer of the Company to terminate, interfere or alter such persons
relationship with the Company.
The Employment Agreement is filed as Exhibit 10.1 to this Form 8-K and is
incorporated by reference herein in its entirety.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Shell Company Transactions.
None.
(d) Exhibits.
Exhibit 10.1 -- Employment Agreement, dated as of September 14, 2006, by
and between Hampshire Group, Limited and Jeffrey Meier.
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, thereunto duly authorized.
HAMPSHIRE GROUP, LIMITED
By: /s/ Heath L. Golden
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Name: Heath L. Golden
Title: Vice President and General Counsel
Dated: September 19, 2006
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