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) June 3, 2003
POLO RALPH LAUREN CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 001-13057 13-2622036
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
650 MADISON AVENUE, NEW YORK, NEW YORK 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 318-7000
NOT APPLICABLE
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(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On June 3, 2003, Jones Apparel Group, Inc. ("Jones") filed a lawsuit
against the Registrant in the Supreme Court of the State of New York alleging
among other things that the Registrant breached its agreements with Jones with
respect to the "Lauren" trademark by asserting its rights pursuant to the
Cross Default and Term Extension Agreement, between the Registrant and Jones
dated May 11, 1998, and that the Registrant induced Ms. Jackwyn Nemerov, the
former President of Jones, to breach the non-compete and confidentiality
clauses in Ms. Nemerov's employment agreement with Jones. Jones has indicated
that it will treat the Lauren license agreements as terminated as of December
31, 2003. Jones is seeking compensatory damages of $550 million as well as
punitive damages and to enforce the provisions of Ms. Nemerov's agreement. If
Jones' lawsuit against the Registrant were determined adversely to the
Registrant, it could have a material adverse effect on the results of
operations and financial condition of the Registrant; however, we believe that
the lawsuit is without merit and that the Registrant will prevail.
Also on June 3, 2003, the Registrant filed a lawsuit against Jones in
the Supreme Court of the State of New York. A copy of a press release regarding
the lawsuit filed by the Registrant is furnished herewith as Exhibit 99.1 and
is incorporated herein by reference.
ITEM 7. EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release of Polo Ralph Lauren Corporation, dated June 3, 2003
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.
POLO RALPH LAUREN CORPORATION
By: /s/ Roger N. Farah
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Name: Roger N. Farah
Title: President and
Chief Operating Officer
Date: June 5, 2003