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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:
October 11, 1996
DESIGNS, INC.
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(Exact Name of registrant as specified in its charter)
Delaware 0-15898 04-2623104
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
66 B Street, Needham, Massachusetts 02194
(Address of principal executive offices) (Zip Code)
(617) 444-7222
(Registrant's telephone number, including area code)
Item 5. Other Events
On October 3, 1994, Designs, Inc. (the "Company") announced that its
Board of Directors authorized the purchase of up to 2 million shares of the
Company's Common Stock. Since this stock repurchase program was adopted the
Company has repurchased and retired 300,000 shares. The timing and price of
additional repurchases, if any, under this stock repurchase program will be
determined in the discretion of management based upon its assessment of
market conditions and the price of the Company's Common Stock. It is
expected that the Company's Board of Directors will review the progress of
the repurchase program to assess future market conditions. The Company
currently has approximately 15,800,000 shares outstanding.
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.
DESIGNS, INC.
Date: October 11, 1996 By: /s/ Scott N. Semel
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Scott N. Semel, Executive Vice
President and Secretary