OXFORD INDUSTIRES, INC.
UNITED STATES
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): April 3, 2007
Oxford Industries, Inc.
(Exact Name of Registrant as Specified in Charter)
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Georgia
(State or Other Jurisdiction
of Incorporation)
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001-04365
(Commission
File Number)
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58-0831862
(IRS Employer
Identification No.) |
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222 Piedmont Avenue, NE, Atlanta, GA
(Address of Principal Executive Offices)
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30308
(Zip Code) |
Registrants telephone number, including area code: (404) 659-2424
Not applicable
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
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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 April 3, 2007, Oxford Industries, Inc. issued a press release in order to make a correction to
its Third Quarter Fiscal 2007 earnings release, which was issued earlier in the day. The press
release concerning the correction is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
The information contained in this Form 8-K (including Exhibit 99.1) shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or
otherwise be subject to the liabilities of that section, nor shall it be incorporated by reference
in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
expressly set forth by specific reference in such a filing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
EXHIBIT
NUMBER
99.1 Press Release of Oxford Industries, Inc., dated April 3, 2007.
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.
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OXFORD INDUSTRIES, INC.
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By: |
/s/ Thomas E. Campbell
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Date: April 3, 2007 |
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Name: |
Thomas E. Campbell |
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Title: |
Vice-President |
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EX-99.1 PRESS RELEASE
Exhibit 99.1
Oxford Industries, Inc. Press Release
222 Piedmont Avenue, N.E. · Atlanta, Georgia 30308
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Contact:
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J. Reese Lanier, Jr. |
Telephone:
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(404) 653-1446 |
Fax:
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(404) 653-1545 |
E-Mail:
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rlanier@oxfordinc.com |
FOR IMMEDIATE RELEASE
April 3,
2007
Oxford Industries Issues Correction to Statement
ATLANTA, GA. Oxford Industries, Inc. (NYSE:OXM) issues the following correction to its
Third Quarter Fiscal 2007 earnings release issued earlier today. In its discussion regarding
fourth quarter fiscal 2007, the Company incorrectly stated that it is expecting year-over-year
improvement in sales and operating income for the Menswear Group. This incorrect statement was
also made by the Company during its conference call following the earnings release. The Company
should have stated that it is expecting year-over-year improvement in operating income for the
Menswear Group, but not in net sales for the Group.
Oxford Industries, Inc. is a producer and marketer of branded and private label apparel for men,
women and children. Oxford provides retailers and consumers with a wide variety of apparel
products and services to suit their individual needs. Oxfords brands include Tommy Bahama®,
Indigo Palms®, Island Soft®, Ben Sherman®, Arnold Brant®, Ely & Walker® and Oxford Golf®. The
Company also holds exclusive licenses to produce and sell certain product categories under the
Tommy Hilfiger®, Kenneth Cole®, Nautica®, Geoffrey Beene®, Dockers® and Oscar de la Renta® labels.
Oxfords wholesale customers are found in every major channel of distribution, including national
chains, specialty catalogs, mass merchants, department stores, specialty stores and Internet
retailers.
Oxfords stock has traded on the NYSE since 1964 under the symbol OXM. For more information,
please visit our web site at www.oxfordinc.com.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
Various statements in this press release, in future filings by us with the Securities and Exchange
Commission and in oral statements made by or with the approval of our management include
forward-looking statements about future events. Generally, the words believe, expect, intend,
estimate, anticipate, project, will and similar expressions identify forward-looking
statements, which generally are not historical in nature. We intend for all such forward-looking
statements contained herein, the entire contents of our web site, and all subsequent written and
oral forward-looking statements attributable to us or persons acting on our behalf, to be covered
by the safe harbor provisions for forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of
the Private Securities Litigation Reform Act of 1995). Important assumptions relating to these
forward-looking statements include, among others, assumptions regarding demand for our products,
expected pricing levels, raw material costs, the timing and cost of planned capital expenditures,
expected outcomes of pending litigation and regulatory actions, competitive conditions, general
economic conditions and expected synergies in connection with acquisitions and joint ventures.
Forward-looking statements reflect our current expectations, based on currently available
information, and are not guarantees of performance. Although we believe that the expectations
reflected in such forward-looking statements are reasonable, these expectations could prove
inaccurate as such statements involve risks and uncertainties, many of which are beyond our ability
to control or predict. Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those anticipated,
estimated or projected. You are encouraged to review the information in our Form 10-K for the
fiscal year ended June 2, 2006 under the heading Risk Factors (and those described from time to
time in our future reports filed with the Securities and Exchange Commission), which contains
additional important factors that may cause our actual results to differ materially from those
projected in any forward-looking statements. We disclaim any intention, obligation or duty to
update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.