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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): February 14, 2005
DAN RIVER INC.
(Exact name of registrant as specified in its charter)
Commission file number 1-13421
GEORGIA 58-1854637
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
2291 Memorial Drive 24541
Danville, Virginia (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (434) 799-7000
Not applicable
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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))
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Item 1.03 Bankruptcy or Receivership.
As previously disclosed, on March 31, 2004, Dan River Inc. and its
subsidiaries The Bibb Company LLC, Dan River International Ltd. and Dan
River Factory Stores, Inc. (collectively, the "Company") filed voluntary
petitions for relief under chapter 11 of title 11 of the United States Code
(the "Bankruptcy Code") in the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division (the "Bankruptcy Court"). On
January 18, 2005, the Bankruptcy Court entered an order (the "Confirmation
Order") confirming the Plan.
On February 14, 2005 (the "Effective Date"), the Company satisfied the
conditions precedent to effectiveness and filed a Notice of Effective Date
of Plan with the Bankruptcy Court, thereby emerging from Chapter 11. A
press release issued by the Company is attached as Exhibit 99.1.
As part of the consummation of the Plan, on the Effective Date the
approximately 22,500,000 outstanding shares of class A and class B common
stock have been cancelled. As of the Effective Date, the Company is
authorized to issue up to 40 million shares of common stock, par value
$0.01, per share, to certain of the Company's post-emergence lenders and to
its unsecured pre-petition creditors. Shares will be distributed to
creditors as the Company completes the claims reconciliation process.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description
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99.1 Press release dated February 14, 2005
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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.
DAN RIVER INC. (Registrant)
Date: February 14, 2005 /s/ Harry L. Goodrich
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Harry L. Goodrich
Vice President
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press Release dated February 14, 2005