<SEC-DOCUMENT>0000950123-11-024498.txt : 20110311
<SEC-HEADER>0000950123-11-024498.hdr.sgml : 20110311
<ACCEPTANCE-DATETIME>20110311091136
ACCESSION NUMBER:		0000950123-11-024498
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110309
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20110311
DATE AS OF CHANGE:		20110311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIFI INC
		CENTRAL INDEX KEY:			0000100726
		STANDARD INDUSTRIAL CLASSIFICATION:	TEXTILE MILL PRODUCTS [2200]
		IRS NUMBER:				112165495
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0626

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10542
		FILM NUMBER:		11680329

	BUSINESS ADDRESS:	
		STREET 1:		7201 WEST FRIENDLY RD
		STREET 2:		P O BOX 19109
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27419-9109
		BUSINESS PHONE:		9192944410

	MAIL ADDRESS:	
		STREET 1:		7201 W FRIENDLY RD
		STREET 2:		PO BOX 19109
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			24719-9109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUTOMATED ENVIRONMENTAL SYSTEMS INC
		DATE OF NAME CHANGE:	19720906
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>g26449e8vk.htm
<DESCRIPTION>FORM 8-K
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
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<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
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<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Date of Report (Date of earliest event reported):<BR>
March&nbsp;9, 2011
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>UNIFI, INC.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 1pt">(Exact name of registrant as specified in its charter)
</DIV>

<DIV align="center">
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    <TD align="center" valign="top"><B>New York</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-10542</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>11-2165495</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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    <TD align="center" valign="top"><B>7201 West Friendly Avenue</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>27410</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Greensboro, North Carolina</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Registrant&#146;s telephone number, including area code: <B>(336)&nbsp;294-4410</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Not Applicable</B><BR>
(Former Name or Former Address, if Changed Since Last Report)
</DIV>


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<DIV align="justify" style="font-size: 10pt; margin-top: 18pt">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:
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
</DIV>


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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>ITEM 5.02.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.</B></TD>
</TR>
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</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">Effective March&nbsp;9, 2011, the Board of Directors of Unifi, Inc. (the &#147;Registrant&#148;) increased the
size of the Board of Directors from nine directors to ten directors and appointed Mr.&nbsp;Mitchel
Weinberger to the Board of Directors of the Registrant. Mr.&nbsp;Weinberger is the President and Chief
Operating Officer of Dillon Yarn Corporation (&#147;Dillon&#148;). Mr.&nbsp;Weinberger was appointed to a term
expiring at the Registrant&#146;s 2011 Annual Meeting of Shareholders, at which time it is expected that
he will be nominated to stand for election by the Shareholders of the Registrant. Mr.&nbsp;Weinberger
is not currently expected to be named to any committee of the Board of Directors.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">As previously disclosed, in 2007 the Registrant purchased the polyester and nylon texturing
operations of Dillon (the &#147;Transaction&#148;). In connection with the Transaction the Registrant and
Dillon entered into a Sales and Services Agreement for a term of two years from January&nbsp;1, 2007,
which has since been subsequently extended, that relates to certain sales and transitional services
to be provided by Dillon&#146;s sales staff and executive management. The most recent amendment was made
on December&nbsp;20, 2010, whereby the Registrant and Dillon entered into a third amendment to the Sales
and Services Agreement which extended the term of the Agreement for a one (1)&nbsp;year term, which will
expire on December&nbsp;31, 2011, and specified that the amount to be paid by the Registrant for the
Sales Services (as defined in the Agreement) and Transitional Services (as defined in the
Agreement) to be provided by Dillon during the one year term of the amendment shall be paid in
advance, in quarterly installments of $325,000 each for the first and second calendar quarters of
2011, and in such quarterly installments as the parties may agree to for the third and fourth
calendar quarters of 2011, not to exceed $325,000 per installment. Pursuant to the Sales and
Services Agreement, the Registrant has paid Dillon $975,000 during the Registrant&#146;s fiscal year
2011. In addition, during fiscal 2011, the Registrant recorded sales to and commission income from
Dillon in the aggregate amount of approximately $31,000, has purchased products from Dillon in an
aggregate amount of approximately $1.5&nbsp;million and paid to Dillon, for certain employee costs and
other expense reimbursements, an aggregate amount of approximately $138,000.
</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top"><B>UNIFI, INC.</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/S/ CHARLES F. MCCOY<BR>
Charles F. McCoy<BR>
Vice President, Secretary and General Counsel</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD align="left" valign="top">&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dated: March&nbsp;11, 2011</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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