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 30, 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 8.01 Other Events.
As previously disclosed, WestPoint Stevens Inc. and certain of its
subsidiaries (collectively, the "Company") entered into an asset purchase
agreement (the "Asset Purchase Agreement") with certain affiliates of American
Real Estate Holding Limited Partnership (collectively, the "Purchaser") for the
sale to Purchaser of substantially all of the Company's assets (collectively,
the "Assets"). On June 30, 2005, the Company issued a press release announcing
that the United States Bankruptcy Court for the Southern District of New York
(the "Bankruptcy Court") had approved the Asset Purchase Agreement and the sale
of the Assets contemplated thereby. A copy of the press release is attached
hereto as Exhibit 99.1, and is incorporated herein by reference. In addition,
copies of the exhibits to the Asset Purchase Agreement are attached hereto as
Exhibit 10.1. A copy of the Asset Purchase Agreement was previously filed as an
exhibit to the Company's Form 8-K dated June 29, 2005.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
10.1 Exhibits to Asset Purchase Agreement
99.1 Press Release, dated June 30, 2005
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: July 1, 2005
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EXHIBIT INDEX
Exhibit No. Description
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10.1 Exhibits to Asset Purchase Agreement
99.1 Press Release, dated June 30, 2005
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