Item 8.01. Other Events.

On August 24, 2009, Point Blank Solutions, Inc. (the "Company") received a "Wells Notice" from the Securities and Exchange Commission (the "SEC") in connection with a previously disclosed ongoing investigation into alleged violations of federal securities laws stemming from accounting irregularities and disclosure issues from 2003 through 2005. The Wells Notice informed the Company that the SEC's regional staff office conducting the investigation (the "Staff") has made a preliminary determination to recommend that the SEC bring a civil injunctive action against the Company for possible violations of Sections
10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B) and 14(a) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-11, 13a-13 and 14a-9 thereunder. The recommended action would seek a permanent injunction and a civil penalty.

The existence of and material developments with respect to the investigation have been disclosed in the Company's periodic reports filed with the SEC, and the Company has been cooperating with the SEC with respect to the investigation.

Under a process established by the SEC, the Company has the opportunity to submit to the Staff any reasons of law, policy or fact why the Company believes that the civil action should not be brought (a "Wells Submission") before the Staff makes its formal recommendation to the SEC regarding what action, if any, should be brought against the Company. The Company is considering making a Wells Submission and will continue to cooperate with the SEC's investigation, but there can be no assurance that the SEC will decide not to bring an action against the Company.

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