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EX-99.1 - PRESS RELEASE - DIXIE GROUP INCex99_1pressreleasehospital.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 24, 2014



THE DIXIE GROUP, INC.
(Exact name of Registrant as specified in its charter)

Tennessee
 
0-2585
 
62-0183370
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
104 Nowlin Lane - Suite 101, Chattanooga, Tennessee
 
37421
(Address of principal executive offices)
 
(zip code)
(423) 510-7000
(Registrant's telephone number, including area code)

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 (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







ITEM 7.01    Regulation FD Disclosure
The Company and Desso have agreed to terminate, in principle, both its Desso Masland Hospitality Joint Venture and Desso Distribution Agreement as a result of a change in control of Desso BV. As described in the press release of February 10, 2014, The Desso Masland Hospitality JV was an agreement to sell products of both companies into the hospitality marketplace and the Desso Distribution Agreement was an agreement to sell Desso modular carpet tile to the U.S. market. The termination of these agreements will provide for fulfillment of outstanding orders during the first quarter of 2015. The Company does not anticipate a charge against earnings related to the termination of these agreements.

ITEM 9.01    Financial Statements and Exhibits
(d)
Exhibit No.         Description
99.1    Press release issued by the Company on November 24, 2014.






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.

Date:    November 24, 2014
 
THE DIXIE GROUP, INC.
 
 
 
 
 
   /s/ Jon A. Faulkner
 
 
Jon A. Faulkner
 
 
Chief Financial Officer