SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report:
October 3, 2000
Designs, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-15898 04-2623104
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(State or other
jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
66 B Street, Needham, MA 02494
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(Address of principal executive offices) ( Zip Code )
781-444-7222
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Registrant's telephone number,
(including area code )
Item 4. Changes in Registrant's Certifying Accountant
On October 11, 2000, Designs, Inc. (the "Company") engaged Ernst & Young LLP as
its new principal independent accountants. On October 3, 2000, Deloitte & Touche
LLP ("Deloitte & Touche") resigned as the Company's independent accountants. The
Audit Committee of the Company's Board of Directors unanimously approved the
appointment of Ernst & Young LLP.
Since Deloitte & Touche was engaged as the Company's independent accountants on
December 21, 1999 and thereafter through October 3, 2000 there were no
disagreements between the Company and Deloitte & Touche on matters of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which, if not resolved to the satisfaction of Deloitte & Touche,
would have caused Deloitte & Touche to make reference to the subject matter
thereof in its reports. Since Deloitte & Touche was engaged as the Company's
independent accountants on December 21, 1999 and thereafter through October 3,
2000 there was no occurrence of a "Reportable Event" as described in Item
304(a)(1)(v) of Regulation S-K promulgated by the Commission. In addition, the
report of Deloitte & Touche on the Company's financial statements for the year
ended January 29, 2000 did not contain any adverse opinion or disclaimer of
opinion, and was not qualified or modified as to uncertainty, audit scope, or
accounting principles.
The Company has requested that Deloitte & Touche furnish a letter regarding its
concurrence with the Company's statements in Item 4 of this Report.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DESIGNS, INC.
Dated: October 11, 2000 BY:/s/David A. Levin
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David A.Levin, President,
Chief Executive Officer
and Director