<SUBMISSION>
<ACCESSION-NUMBER>0001019056-03-000444
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030515
<ITEMS>7
<ITEMS>9
<FILING-DATE>20030515
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>JACLYN INC
<CIK>0000052969
<ASSIGNED-SIC>3100
<IRS-NUMBER>221432053
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-05863
<FILM-NUMBER>03704458
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>635 59TH STREET
<CITY>WEST NEW YORK
<STATE>NJ
<ZIP>07093
<PHONE>2018689400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>5801 JEFFERSON STREET
<CITY>WEST NEW YORK
<STATE>NJ
<ZIP>07093
</MAIL-ADDRESS>
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>jaclyn_8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

                       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): May 15, 2003

                                  JACLYN, INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


          Delaware                        1-5863                22-143205304
--------------------------------------------------------------------------------
(State or Other Jurisdiction     (Commission File Number)     (I.R.S. Employer
     of Incorporation)                                       Identification No.)


              635 59th Street
        West New York, New Jersey                                  07093
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                         (Zip Code)


 (Registrant's telephone number, including area code):   (201) 868-9400


                                 Not Applicable
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 7.  Financial Statements and Exhibits.
         ---------------------------------

(a)      Not applicable.

(b)      Not applicable.

(c)      Exhibits.

         Exhibit No.            Description
         -----------            -----------
              99                Press Release of the Company dated May 15, 2003.


Item 9.  Regulation FD Disclosure (Information is Being Provided Under Item 12).
         ---------------------------------------------------------------------

         The information contained in this Current Report on Form 8-K is being
furnished pursuant to Item 12. "Results of Operations and Financial Condition",
but is included under this Item 9 in accordance with Securities and Exchange
Commission (the "Commission") Release No. 33-8216.

         On May 15, 2003, Jaclyn, Inc. (the "Company") issued a press release
announcing its financial results for its fiscal quarter ended March 31, 2003. A
copy of that press release is attached as Exhibit 99 to this Current Report on
Form 8-K and is incorporated by reference herein.

         The information contained in this Current Report on Form 8-K is being
furnished to the Commission, shall not be considered "filed" with the Commission
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), or otherwise subject to the liabilities of that Section,
and shall not be incorporated by reference into any registration statement,
proxy statement, or other report under the Securities Act of 1933, as amended,
or under the Exchange Act, except as specifically set forth in such statement or
report.


                                   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: May 15, 2003              JACLYN, INC.


                                By: /s/Anthony C. Christon
                                    --------------------------------------------
                                    Anthony C. Christon, Chief Financial Officer



                                       2
<PAGE>



                                  EXHIBIT INDEX


         Exhibit No.            Description
         -----------            -----------
             99                 Press Release of the Company dated May 15, 2003.






                                       3


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99.txt
<DESCRIPTION>EXHIBIT 99
<TEXT>
         NEWS                           Company Contact: Anthony Christon
                                                         Chief Financial Officer
                                                         Jaclyn, Inc.
                                                         (201) 868-9400

                 JACLYN, INC. REPORTS RESULTS FOR THIRD QUARTER
                 ----------------------------------------------

FOR IMMEDIATE RELEASE
---------------------

West New York, NJ, May 15, 2003..........................Jaclyn, Inc. (AMEX:JLN)
today reported financial results for the third quarter ended March 31, 2003. Net
Sales for the third quarter ended March 31, 2003 were $20,816,000 compared to
$22,020,000 for last year's third quarter. The Company reported a net loss for
the third quarter ended March 31, 2003 of $213,000, or $.09 per diluted share.
This compares to a net loss for the same period in 2002 of $505,000, or $.20 per
diluted share. Last year's third quarter's results, however, include a pre-tax,
non-cash charge of $809,000 ($518,000 after tax, or $.20 per share) related to
the required amortization of a portion of the allocated purchase price, pursuant
to Statement of Financial Accounting Standard (SFAS) No. 141, for the previously
reported acquisition on January 10, 2002 of Topsville, Inc., a New York City
based manufacturer and distributor of private label infants' and children's
clothing.

Net sales for the nine-month period ended March 31, 2003 were $86,450,000
compared to $55,898,000 for the same period last year. Net earnings for the
first nine months was $892,000, or $.34 per diluted share, compared to a net
loss in the prior year comparable period of $568,000, or $.22 per diluted share.
Included in the nine-month period ended March 31, 2002 is the above- mentioned
amortization charge of $809,000 ($518,000 after tax, or $.20 per share).

Mr. Allan Ginsburg, Chairman of the Board noted that "due primarily to the
non-renewal of our licensing arrangement with Anne Klein, this year's third
quarter sales were below sales for the same period last year, and we incurred a
loss for the quarter. However, as previously reported, we expect this year's
full fiscal results to be substantially better than last year, even without
giving effect to the SFAS No. 141 charge, mostly due to the addition of the
children's apparel business, and due to increased sales in our women's sleepwear
division."


         Note: This press release may contain forward-looking statements that
are being made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The Company's actual performance and results may
vary as a result of a number of risks, uncertainties and other factors, both
foreseen and unforeseen, including general economic and business conditions,
competition in the accessories and apparel markets, continuing favorable sales
patterns, pricing and consumer buying trends. Additional uncertainty exists for
the potential negative impact that Sudden Acute Respiratory Syndrome ("SARS")
may have on our business relative to production in the Far East and other
countries in which we operate.

Jaclyn, Inc. is a designer, manufacturer and marketer of apparel, handbags,
sport bags, premiums and related accessories. Our website address is
www.jaclyninc.com


                           - See Accompanying Table -

                                       4
<PAGE>

                          JACLYN, INC. AND SUBSIDIARIES

           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

<TABLE>
<CAPTION>
                                       Three Months                       Nine Months
                                      Ended March 31,                   Ended March 31,
                               ----------------------------      ---------------------------
                                   2003            2002              2003           2002
                               ------------    ------------      ------------   ------------
<S>                            <C>             <C>               <C>            <C>
Net Sales                      $ 20,816,000    $ 22,020,000      $ 86,450,000   $ 55,898,000

Net (Loss)Earnings             $   (213,000)   $   (505,000)     $    892,000   $   (568,000)

Net (Loss)Earnings per
    Common Share -diluted      $       (.09)   $       (.20)     $        .34   $       (.22)

Average Number of
    Shares Outstanding-
    Diluted                       2,496,000       2,561,000         2,601,000      2,561,000

</TABLE>

                                       5

</TEXT>
</DOCUMENT>
</SUBMISSION>
