1 REGISTRATION NO. 33-24648 =============================================================================== SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MCRAE INDUSTRIES, INC. ---------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 56-0706710 - ---------------------------------- ----------------------------------------- (State or other jurisdiction (I.R.S. Employer Identification Number) of incorporation or organization) 400 NORTH MAIN STREET, MT. GILEAD, NORTH CAROLINA 27306 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) MCRAE INDUSTRIES, INC. 1985 NON-QUALIFIED STOCK OPTION PLAN -------------------------------------------------------------------------- (Full title of the Plan) Name, address and telephone number of agent for service D. GARY MCRAE PRESIDENT AND TREASURER MCRAE INDUSTRIES, INC. 400 NORTH MAIN STREET MT. GILEAD, NORTH CAROLINA 27306 910/439-6147 Please send copies of all communications to: A. ZACHARY SMITH III, ESQ. KENNEDY COVINGTON LOBDELL & HICKMAN, L.L.P. BANK OF AMERICA CORPORATE CENTER, SUITE 4200 100 NORTH TRYON STREET CHARLOTTE, NORTH CAROLINA 28202-4006 REMOVING SHARES FROM REGISTRATION 2 REMOVAL OF SHARES FROM REGISTRATION McRae Industries, Inc., a Delaware Corporation (the "Company"), hereby amends this Registration Statement on Form S-8, File No. 33-24648 (the "Registration Statement"), filed in connection with the McRae Industries, Inc. 1985 Non-Qualified Stock Option Plan (the "Plan") to withdraw from registration all the shares of Class A and Class B Common Stock, par value $1.00 per share, of the Company registered under the Registration Statement with respect to which options have not been granted under the Plan other than shares of Class A Common Stock issuable upon conversion of the shares of Class B Common Stock which were issued under the Plan and remain outstanding. The Plan has been terminated and there are no outstanding unexercised options under the Plan. 3 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Mt. Gilead, State of North Carolina, on March 3, 1999. McRAE INDUSTRIES, INC. By: /s/ D. Gary McRae ------------------------------------ D. Gary McRae President and Treasurer Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated. Signature Title Date --------- ----- ----- /s/ D. Gary McRae President and Treasurer March 3, 1999 - -------------------------------------- (Principal Executive and Financial D. Gary McRae Officer) and Director /s/ Marvin Kiser Controller March 3, 1999 - -------------------------------------- (Principal Accounting Officer) Marvin Kiser /s/ George M. Bruton Director March 3, 1999 - -------------------------------------- George M. Bruton /s/ Hilton J. Cochran Director March 3, 1999 - -------------------------------------- Hilton J. Cochran /s/ Brady W. Dickson Director March 3, 1999 - -------------------------------------- Brady W. Dickson /s/ Victor A. Karam Director March 3, 1999 - -------------------------------------- Victor A. Karam /s/ James W. McRae Director March 3, 1999 - -------------------------------------- James W. McRae /s/ Harold W. Smith Director March 3, 1999 - -------------------------------------- Harold W. Smith