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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
July 18, 2006
Date of Report (Date of earliest event reported)
QUAKER FABRIC CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-7023 04-1933106
(State of incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
941 Grinnell Street, Fall River, Massachusetts 02721
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (508) 678-1951
(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:
[ ] 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
(17CFR 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))
Item 2.02 Results of Operations and Financial Condition
On July 20, 2006, Quaker Fabric Corporation issued a press release announcing
its second quarter financial results for the period ended July 1, 2006. A copy
of the press release is attached to this Report on Form 8-K as Exhibit 99.1 and
incorporated herein by reference.
Item 8.01 Other Events
On July 18, 2006 Quaker Fabric Corporation of Fall River ("Quaker"), a
wholly-owned subsidiary of Quaker Fabric Corporation, completed the sale of its
53,000 square foot Plant I manufacturing facility located at 3129 County Street
in Somerset, Massachusetts to Somerset Self Storage LLC (the "Buyer"), a
Massachusetts limited liability company, pursuant to an agreement entered into
in March 2006 and reported on Form 8-K filed March 15, 2006. Quaker received net
proceeds of $1,506,694, after sale-related expenses, including $1,131,694 in
cash and $375,000 in the form of a promissory note from the Buyer, secured by
first mortgage on the premises and due sixty days from the Closing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Registrant's Press Release dated July 20, 2006.
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 thereunto duly authorized.
QUAKER FABRIC CORPORATION
(Registrant)
Date: July 20, 2006 /s/ Paul J. Kelly
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Paul J. Kelly
Vice President - Finance and Treasurer
EXHIBIT INDEX 99.1
99.1 Registrant's Press Release dated July 20, 2006.