SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): OCTOBER 27, 2003
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HANOVER DIRECT, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
1-12082
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(COMMISSION FILE NUMBER)
DELAWARE 13-0853260
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(STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION NUMBER)
115 RIVER ROAD
EDGEWATER, NEW JERSEY 07020
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(ADDRESS OF PRINCIPAL (ZIP CODE)
EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (201) 863-7300
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 5. OTHER EVENTS.
On July 17, 2003, Hanover Direct, Inc., a Delaware corporation ("Hanover"),
filed an action (Index No. 03/602269) in the Supreme Court of the State of New
York, County of New York (the "Court") against Richemont Finance S.A., a
Luxembourg company ("Richemont"), and Chelsey Direct, LLC, a Delaware limited
liability company ("Chelsey"), seeking a declaratory judgment as to whether
Richemont improperly transferred all of Richemont's securities in Hanover
consisting of 29,446,888 shares of Common Stock of Hanover and 1,622,111 shares
of Series B Participating Preferred Stock of Hanover (collectively, the
"Shares") to Chelsey on or about May 19, 2003 and whether Hanover can properly
recognize the transfer of those Shares from Richemont to Chelsey under federal
and/or state law.
On July 29, 2003, Chelsey answered Hanover's complaint, alleged certain
affirmative defenses and raised three counterclaims against Hanover. Chelsey
later moved for summary judgment dismissing Hanover's complaint. Subsequently,
Chelsey moved to compel production of certain documents and for sanctions and/or
costs.
On August 28, 2003, Richemont moved to dismiss Hanover's complaint. It
subsequently filed a motion seeking sanctions and/or costs against Hanover.
On October 27, 2003, the Court granted Chelsey's motion for summary
judgment and Richemont's motion to dismiss and ordered that judgment be entered
dismissing the case in its entirety. The Court also denied Chelsey's and
Richemont's motions for sanctions and Chelsey's motion to compel production of
certain documents.
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.
HANOVER DIRECT, INC.
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(Registrant)
October 28, 2003 By: /s/ Edward M. Lambert
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Name: Edward M. Lambert
Title: Executive Vice President
Chief Financial Officer