UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) JUNE 23, 2005
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WESTPOINT STEVENS INC.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
1-15381 36-3498354
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(Commission File Number) (IRS Employer Identification No.)
507 WEST TENTH STREET
WEST POINT, GEORGIA 31833
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(Address of Principal Executive Offices) (Zip Code)
(706) 645-4000
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or 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))
ITEM 7.01 REGULATION FD DISCLOSURE.
On June 23, 2005, WestPoint Stevens Inc. and certain of its
subsidiaries (collectively, the "Company") entered in an asset purchase
agreement (the "Asset Purchase Agreement") with certain affiliates of American
Real Estate Holding Limited Partnership (the "Purchaser"), pursuant to which
Purchaser has agreed to purchase substantially all of the assets (the "Assets")
of the Company. The entry into the Asset Purchase Agreement, and the selection
of Purchaser as the purchaser of the Assets, is subject to the approval of the
United States Bankruptcy Court for the Southern District of New York (the
"Bankruptcy Court") at a hearing to be held on June 24, 2005. A copy of the
notice filed with the Bankruptcy Court in connection with such hearing is
attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Notice of Successful Bidder at June 23, 2005 Auction with
Respect to Sale of Substantially all of the Company's
Assets
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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.
WESTPOINT STEVENS INC.
By: /s/ Christopher N. Zodrow
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Name: Christopher N. Zodrow, Esq.
Title: Vice President and Secretary
Date: June 24, 2005
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Notice of Successful Bidder at June 23, 2005 Auction with
Respect to Sale of Substantially all of the Company's
Assets
4