Item 8.01 Other Events.
Jaclyn, Inc., a Delaware corporation (the "Company"), held a special meeting of
stockholders on May 7, 2008. At the special meeting, a majority of outstanding
shares of the Company's common stock, $1.00 par value per share, adopted and
approved amendments to the Company's certificate of incorporation to effect a
reverse stock split of the Company's issued and outstanding shares of common
stock at a ratio of 1-for-250, followed immediately by a 250-for-1 forward stock
split of the shares of common stock. The amendments were adopted and approved
with (a) 1,859,700 shares of common stock voting in favor of the reverse stock
split, 85,748 shares voting against the reverse stock split and 4,498 shares
voting to abstain, and (b) 1,859,138 shares of common stock voting in favor of
the forward stock split, 86,310 shares voting against the forward stock split
and 4,498 shares voting to abstain. The aggregate number of shares of common
stock represented in person or by proxy at the special meeting was 1,949,946 or
79% of the 2,468,614 issued and outstanding shares of common stock entitled to
vote on the proposal, and constituted a quorum for the transaction of business.
On May 7, 2008, the Company also filed a Form 25 with the Securities and
Exchange Commission to voluntarily withdraw its common stock from listing on the
American Stock Exchange (the "Exchange") and to deregister its common stock
under Section 12(b) of the Securities Exchange Act of 1934, as amended.
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