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): September 21, 2000 GLOBE HOLDINGS, INC. GLOBE MANUFACTURING CORP. (Exact name of registrant as specified in its charter) Massachusetts 333-64669 04-2017769 Alabama 333-64675 63-1101362 - ---------------------------- ------------------------ --------------------------------- (State or other jurisdiction (Commission File Number) (IRS Employer Identification No.) of incorporation) 456 Bedford Street, Fall River, Massachusetts 02720 456 Bedford Street, Fall River, Massachusetts 02720 - --------------------------------------------- ------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (508) 674-3585 (508) 674-3585 -------------- This Instrument contains 4 pages. Item 5. Other Events Global Holdings, Inc., Globe Manufacturing Corp. (together, the "Company"), Bank of America, N.A. as Administrative Agent and the lenders named therein have entered into a Third Forbearance Agreement dated as of September 15, 2000 (the "Forbearance Agreement"). Pursuant to the Forbearance Agreement, the Company's senior lenders have agreed not to exercise remedies available to them during the forbearance period as a result of the Company's non-compliance with certain covenant and payment requirements of the bank credit agreement. Effective October 2, 2000, Kevin T. Cardullo will begin serving as the Company's Chief Financial Officer and Vice President, Finance and Information Technology, and Alan Teixeira will begin serving as Vice President, Human Resources and Administration. Item 7. Exhibits 10.1 Third Forbearance Agreement dated as of September 15, 2000 by and among Globe Manufacturing Corp., Globe Holdings, Inc., Bank of America, N.A., and certain other lenders. 99.1 Press release dated September 21, 2000. 2 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. GLOBE HOLDINGS, INC. Dated: September 26, 2000 By: /s/ Kevin T. Cardullo --------------------------- Assistant Vice President, Finance and Accounting GLOBE MANUFACTURING CORP. Dated: September 26, 2000 By: /s/ Kevin T. Cardullo --------------------------- Assistant Vice President, Finance and Accounting 3 EXHIBIT INDEX Exhibit No. Description 10.1 Third Forbearance Agreement dated as of September 15, 2000 by and among Globe Manufacturing Corp., Globe Holdings, Inc., Bank of America, N.A., and certain other lenders. 99.1 Press release dated September 21, 2000. 4