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DXYN > SEC Filings for DXYN > Form 8-K on 10-Feb-2014All Recent SEC Filings

Show all filings for DIXIE GROUP INC



Regulation FD Disclosure, Financial Statements and Exhibits

ITEM 7.01 Regulation FD Disclosure

On February 10, 2014, the Company issued a press release announcing that it had signed a letter of intent to enter into a Joint Venture with Desso, BV, a Netherlands based Company, for the purpose of selling and distributing Hospitality floorcovering products in the United States market, and such other territories as the parties may determine from time to time. The Joint Venture is intended to build the company's presence in the upscale Hospitality market by combining the parties' sales forces and product offerings. Although the letter of intent is non-binding, the parties anticipate working quickly to develop a mutually acceptable Joint Venture structure designed to accomplish their goals. At the same time, the parties announced that they had entered into a sales and distribution agreement that will permit the Company to be the exclusive distributor of certain of Desso's high performance tile products. This arrangement is conditioned upon, among other matters, achievement of certain sales levels pursuant to the sales and distribution agreement and the successful launch of the Hospitality Joint Venture.

Item 9.01 Financial Statements and Exhibits
(d) Exhibit No. Description

99.1 Press release issued by the Company on February 10, 2014.

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