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): December 4, 1998
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Liz Claiborne, Inc.
Delaware [ 001-10689 ] [ 132842791 ]
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1441 Broadway, New York, New York 11788
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 626-3500
(Former name or former address, if changed since last report)
Item 5. Other Events.
On December 4, 1998, the Board of Directors of Liz Claiborne, Inc. (the
"Company") authorized the issuance of one stock purchase right (a "Right") for
each outstanding share of common stock, par value $1.00 per share, of the
Company to replace the Company's existing stock purchase rights which are set to
expire on December 21, 1998. The Rights distribution will be made on December
22, 1998, payable to stockholders of record on that date, and will also attach
to shares of Common Stock issued by the Company after that date. The description
and terms of the Rights are set forth in a Rights Agreement (the "Rights
Agreement") between the Company and First Chicago Trust of New York, as Rights
Agent (the "Rights Agent"), dated as of December 7, 1998 and attached hereto as
Exhibit 4, and are summarized in Exhibit C to the Rights Agreement. The Rights
Agreement, including Exhibits A-C thereto, are hereby incorporated herein by
reference.
Item 7. Exhibits.
4 Rights Agreement, dated as of December 4, 1998, between Liz Claiborne,
Inc. and First Chicago Trust of New York, as Rights Agent, together
with Exhibits A, B, and C attached thereto.
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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.
December 4, 1998 LIZ CLAIBORNE, INC.
By: /s/ Richard F. Zannino
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Richard F. Zannino
Senior Vice President-Finance &
Administration and Chief Financial Officer
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