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<TITLE>GOODY'S FAMILY CLOTHING, INC.</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>As filed with the Securities and Exchange Commission on July&nbsp;8, 2005</B>


<DIV align="left">

<div align="right" style="font-size: 10pt"><B>Registration
No.&nbsp;333-</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</div>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>
</div>

<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>


<P align="left" style="font-size: 10pt">&nbsp;


<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<P align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT</B>



<P align="center" style="font-size: 10pt"><B>UNDER</B>



<P align="center" style="font-size: 10pt"><B>THE SECURITIES ACT OF 1933</B>


<P align="center" style="font-size: 24pt"><B>GOODY&#146;S FAMILY CLOTHING, INC.</B>



<P align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Tennessee</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>62-0793974</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of Incorporation or Organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><B>400 Goody&#146;s Lane<BR>
Knoxville, Tennessee 37922</B>




<P align="center" style="font-size: 10pt">(Address of Principal Executive Offices including Zip Code)



<P align="center" style="font-size: 10pt"><B>Goody&#146;s Family Clothing, Inc. 2005 Stock Incentive Plan</B>



<P align="center" style="font-size: 10pt">(Full Title of the Plan)


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>REGIS HEBBELER, ESQ.</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Copy to:</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Senior Vice President, General Counsel</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>RICHARD A. GOLDBERG, ESQ.</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Goody&#146;s Family Clothing, Inc.</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Dechert LLP</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>400 Goody&#146;s Lane</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>30 Rockefeller Plaza</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Knoxville, Tennessee 37922</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>New York, New York 10112</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>(865)&nbsp;966-2000</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>(212)&nbsp;698-3500</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">(Name and Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)



<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>to be</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Offering Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Aggregate Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Registration</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title of Each Class of Securities To Be Registered</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Registered (1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD nowrap align="center" colspan="2"><B>Per Share (3)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Price (3)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Fee (3)</B></TD>
    <TD>&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common Stock, no par value per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" nowrap>3,300,050&nbsp;shares (2)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7.28</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,024,364</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,827.67</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="3%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Pursuant to Rule&nbsp;416 promulgated under the Securities Act of 1933,
as amended (the &#147;Act&#148;), this Registration Statement also covers
such additional securities as may become issuable to prevent
dilution resulting from stock splits, stock dividends and similar
transactions.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="3%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">The number of shares issuable under the Goody&#146;s Family Clothing, Inc.
2005 Stock Incentive Plan (the &#147;New Plan&#148;) is equal to the number of
shares that would otherwise be available for issuance under
the Goody&#146;s Family Clothing, Inc. Amended and Restated 1997 Stock
Option Plan (the &#147;Old Plan&#148;). The 3,300,050 shares registered herein
include: (a)&nbsp;975,000 shares that are currently available for issuance
under the New Plan; and (b)&nbsp;2,325,050 shares that are currently
subject to stock options granted under the Old Plan, but could become
available for issuance under the New Plan in the event that the stock
options granted under the Old Plan expire without being exercised.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="3%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(h) and (c)&nbsp;under the Act on the basis of $7.28
per share, the average of the high and low prices of the Common Stock
as quoted on the Nasdaq National Market on June&nbsp;30, 2005.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD colspan="9"><A HREF="#000">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;4. Description of the Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">Exhibit&nbsp;Index</A></TD></TR>
<TR><TD colspan="9"><A HREF="g96223exv5w1.htm">EX-5.1 OPINION OF WOOLF, MCCLANE, BRIGHT, ALLEN & CARPENTER, PLLC</A></TD></TR>
<TR><TD colspan="9"><A HREF="g96223exv23w1.htm">EX-23.1 CONSENT OF DELOITTE & TOUCHE LLP</A></TD></TR>
</TABLE>
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<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>


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<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>



<P align="left" style="font-size: 10pt">The following documents previously filed by the Company, with the Securities and Exchange
Commission pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), are
incorporated herein by reference:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Annual Report on Form 10-K for the fiscal year ended January&nbsp;29, 2005, which is
the Company&#146;s latest Annual Report filed pursuant to Section 13(a) or 15(d) of the Exchange
Act;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company&#146;s Quarterly Report on Form 10-Q for the quarter ended April&nbsp;30, 2005, the
Company&#146;s Current Reports on Form 8-K filed on March&nbsp;21, 2005, April&nbsp;8, 2005, May&nbsp;5, 2005 and
June&nbsp;30, 2005, the Company&#146;s Definitive Proxy Statement for the Annual Meeting of Shareholders
held on June&nbsp;15, 2005, filed on May&nbsp;18, 2005 and all other reports filed by the Company
pursuant to Section 13(a) or 15(d) of the Exchange Act, since the end of the fiscal year
covered by the Annual Report on Form 10-K referred to in (a)&nbsp;above; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Company&#146;s Common Stock, par value per share, contained in the
Company&#146;s Registration Statement on Form 8-A, filed on September&nbsp;13, 1991 and the Amendment to
Form 8-A on Form&nbsp;8 filed on October&nbsp;23, 1991, including any amendment or report filed for the
purpose of updating such description.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">All documents subsequently filed by the Company pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d) of
the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference in this registration statement and to be a part hereof
from the date of the filing of such documents. Any statement contained in the documents
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this registration statement to the extent that a statement contained
herein or in any other subsequently filed document which is also incorporated or deemed to be
incorporated by reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this registration statement.


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<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Description of the Securities.</B>



<P align="left" style="font-size: 10pt">Not Applicable


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<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">Not Applicable


<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The indemnification of officers and directors of the Company is governed by Section&nbsp;48-18-501
et seq. of the Tennessee Business Corporation Act (the &#147;TBCA&#148;) and the Amended and Restated Charter
(the &#147;Charter&#148;) and By-laws of the Company.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Charter and the By-laws of the Company provide for the indemnification of the directors,
officers, employees and agents to the fullest extent permitted by the TBCA. Among other things, the
TBCA permits a corporation&#146;s indemnification of a director, officer, employee or agent made a party
to a proceeding by reason of the fact of such relationship with such corporation against liability
incurred in the proceeding if: (i)&nbsp;such person acted in good faith; (ii)&nbsp;such person reasonably
believed, (a)&nbsp;in the case of conduct in his official capacity with the corporation, that his
conduct was in its best interests or (b)&nbsp;in all other cases, that his conduct was at least not
opposed to its best interests; and (iii)&nbsp;in the case of any criminal proceeding, such person had no
reasonable cause to believe his conduct was unlawful. A director&#146;s conduct with respect to an
employee benefit plan for a purpose he reasonably believed to be in the interests of the
participants in and beneficiaries of the plan is conduct that satisfies the provisions of clause
(ii)(b) above. However, pursuant to the TBCA, a corporation may not indemnify a director (i)&nbsp;in
connection with a proceeding brought by or in the right of the corporation in which the director
was adjudged liable to the corporation or (ii)&nbsp;in connection with any other proceeding charging
improper personal benefit to him, whether or not involving action in his official capacity, in
which he was adjudged liable on the basis that personal benefit was improperly received by him.
Under the TBCA, unless limited by its charter, a corporation shall indemnify a director or officer
who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he
was a party because he is or was a director or officer (as applicable) of the corporation against
reasonable expenses incurred by him in connection with the proceeding. Under certain circumstances,
the TBCA also permits a corporation to pay for or reimburse the reasonable expenses incurred by a
director who is a party to a proceeding in advance of final disposition of the proceeding. The TBCA
also permits a corporation to purchase and maintain insurance on behalf of its directors, officers,
employees and agents regardless of whether the corporation would have statutory power to indemnify
such persons against the liabilities insured and the TBCA further provides that


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">indemnification and advances of expenses permitted thereunder are not to be exclusive of any rights
to which those seeking indemnification or advancement of expenses may be entitled, provided that a
corporation may not indemnify a director if a judgment or other final adjudication adverse to him
establishes his liability: (i)&nbsp;for any breach of the duty of loyalty to the corporation or its
shareholders; (ii)&nbsp;for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law; or (iii)&nbsp;under Section&nbsp;48-18-304 of the TBCA (liability for unlawful
distribution).



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Charter and By-laws of the Company also provide that no director of the Company shall be
personally liable to the Company or its shareholders for monetary damages for breach of fiduciary
duty as a director except for liability (i)&nbsp;for any breach of the director&#146;s duty of loyalty to the
Company or its shareholders, (ii)&nbsp;for acts of omissions not in good faith or that involve
intentional misconduct or a knowing violation of law, or (iii)&nbsp;arising under Section&nbsp;47-18-304 of
the TBCA.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company also has entered into agreements with its directors to further memorialize and
reaffirm the Company&#146;s obligations to indemnify them as authorized by its Charter and By-laws of
the Company. Furthermore, the Company has Directors and Officers Liability Insurance which, subject
to the policy conditions, provides coverage for indemnification amounts payable by the Company with
respect to its directors and officers.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>




<P align="left" style="font-size: 10pt">Not Applicable


<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. Exhibits</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed as part of this registration statement.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goody&#146;s Family Clothing, Inc. 2005 Stock Incentive Plan (incorporated by reference
to the Company&#146;s Definitive Proxy Statement on Schedule&nbsp;14A for the 2005 Annual
Meeting of Shareholders, filed on May&nbsp;18, 2005).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Woolf, McClane, Bright, Allen &#038; Carpenter, PLLC.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Deloitte &#038; Touche LLP.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Woolf, McClane, Bright, Allen &#038; Carpenter, PLLC (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Powers of Attorney (included on signature page).</TD>
</TR>

</TABLE>

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<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings.</B>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned registrant hereby undertakes:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act of 1933, as amended;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the estimated
maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than a 20&nbsp;percent change in the maximum aggregate offering
price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>provided</U>, <U>however,</U> that paragraphs (a)(l)(i) and
(a)(1)(ii) do not apply if the information required to be included
in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the
registrant pursuant to Section&nbsp;13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in this
registration statement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned registrant hereby undertakes that, for the purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report
pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where
applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d)
of the Securities Exchange Act of 1934) that is incorporated by reference in this registration
statement shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless in the opinion
of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of such issue.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all the requirements for filing on Form&nbsp;S-8 and has
duly caused this registration statement to be signed on its behalf by the undersigned, hereunto
duly authorized, in the City of Knoxville, State of Tennessee, on July&nbsp;8, 2005.



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="40%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GOODY&#146;S FAMILY CLOTHING, INC.</TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                  /s/ ROBERT M. GOODFRIEND
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Robert M. Goodfriend&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><I>Chairman of the Board of Directors<BR>
and Chief Executive Officer</I>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned whose signature appears below
constitutes and appoints Robert M. Goodfriend and Edward R. Carlin, his or her true and lawful
attorneys-in-fact, with full power of substitution and resubstitution for him or her and on his or
her behalf, and in his or her name, place and stead, in any and all capacities to execute and sign
any and all amendments or post-effective amendments to this registration statement, and to file the
same, with all exhibits thereto, and other documents in connection therewith, with the Securities
and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact or any of
them or their or his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof and the Company hereby confers like authority on its behalf.



<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been
signed below by the following persons in the capacity and on the dates indicated.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert M. Goodfriend
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
Robert M. Goodfriend
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Directors and
Chief Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Edward R. Carlin
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
Edward R. Carlin
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President, Chief Financial
Officer and Secretary (Principal
Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ David G. Peek
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
David G. Peek
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief
Accounting Officer (Principal
Accounting
Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert F. Koppel
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
Robert F. Koppel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Samuel J. Furrow
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
Samuel J. Furrow
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Irwin L. Lowenstein
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
Irwin L. Lowenstein
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <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>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Cheryl L. Turnbull
<DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
Cheryl L. Turnbull
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">July&nbsp;8, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "Exhibit&nbsp;Index" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT&nbsp;INDEX</B>
<P align="left" style="font-size: 10pt">The following exhibits are
filed as part of this registration statement.


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Goody&#146;s Family Clothing, Inc. 2005 Stock Incentive Plan (incorporated by reference
to the Company&#146;s Definitive Proxy Statement on Schedule&nbsp;14A for the 2005 Annual
Meeting of Shareholders, filed on May&nbsp;18, 2005).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Woolf, McClane, Bright, Allen &#038; Carpenter, PLLC.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Deloitte &#038; Touche LLP.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Woolf, McClane, Bright, Allen &#038; Carpenter, PLLC (included in Exhibit&nbsp;5.1).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Powers of Attorney (included on signature page).</TD>
</TR>


</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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GOODY'S FAMILY CLOTHING, INC.
Table of Contents
As filed with the Securities and Exchange Commission on July 8, 2005
Registration
No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
GOODY'S FAMILY CLOTHING, INC.
(Exact Name of Registrant as Specified in Its Charter)
Tennessee
62-0793974
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification No.)
400 Goody's Lane
Knoxville, Tennessee 37922
(Address of Principal Executive Offices including Zip Code)
Goody's Family Clothing, Inc. 2005 Stock Incentive Plan
(Full Title of the Plan)
REGIS HEBBELER, ESQ.
Copy to:
Senior Vice President, General Counsel
RICHARD A. GOLDBERG, ESQ.
Goody's Family Clothing, Inc.
Dechert LLP
400 Goody's Lane
30 Rockefeller Plaza
Knoxville, Tennessee 37922
New York, New York 10112
(865) 966-2000
(212) 698-3500
(Name and Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Amount
Proposed Maximum
Proposed Maximum
Amount of
to be
Offering Price
Aggregate Offering
Registration
Title of Each Class of Securities To Be Registered
Registered (1)
Per Share (3)
Price (3)
Fee (3)
Common Stock, no par value per share
3,300,050 shares (2)
$
7.28
$
24,024,364
$
2,827.67
(1)
Pursuant to Rule 416 promulgated under the Securities Act of 1933,
as amended (the "Act"), this Registration Statement also covers
such additional securities as may become issuable to prevent
dilution resulting from stock splits, stock dividends and similar
transactions.
(2)
The number of shares issuable under the Goody's Family Clothing, Inc.
2005 Stock Incentive Plan (the "New Plan") is equal to the number of
shares that would otherwise be available for issuance under
the Goody's Family Clothing, Inc. Amended and Restated 1997 Stock
Option Plan (the "Old Plan"). The 3,300,050 shares registered herein
include: (a) 975,000 shares that are currently available for issuance
under the New Plan; and (b) 2,325,050 shares that are currently
subject to stock options granted under the Old Plan, but could become
available for issuance under the New Plan in the event that the stock
options granted under the Old Plan expire without being exercised.
(3)
Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(h) and (c) under the Act on the basis of $7.28
per share, the average of the high and low prices of the Common Stock
as quoted on the Nasdaq National Market on June 30, 2005.
TABLE OF CONTENTS
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of the Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
Exhibit Index
EX-5.1 OPINION OF WOOLF, MCCLANE, BRIGHT, ALLEN & CARPENTER, PLLC
EX-23.1 CONSENT OF DELOITTE & TOUCHE LLP
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents previously filed by the Company, with the Securities and Exchange
Commission pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are
incorporated herein by reference:
(a)
The Company's Annual Report on Form 10-K for the fiscal year ended January 29, 2005, which is
the Company's latest Annual Report filed pursuant to Section 13(a) or 15(d) of the Exchange
Act;
(b)
The Company's Quarterly Report on Form 10-Q for the quarter ended April 30, 2005, the
Company's Current Reports on Form 8-K filed on March 21, 2005, April 8, 2005, May 5, 2005 and
June 30, 2005, the Company's Definitive Proxy Statement for the Annual Meeting of Shareholders
held on June 15, 2005, filed on May 18, 2005 and all other reports filed by the Company
pursuant to Section 13(a) or 15(d) of the Exchange Act, since the end of the fiscal year
covered by the Annual Report on Form 10-K referred to in (a) above; and
(c)
The description of the Company's Common Stock, par value per share, contained in the
Company's Registration Statement on Form 8-A, filed on September 13, 1991 and the Amendment to
Form 8-A on Form 8 filed on October 23, 1991, including any amendment or report filed for the
purpose of updating such description.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference in this registration statement and to be a part hereof
from the date of the filing of such documents. Any statement contained in the documents
incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this registration statement to the extent that a statement contained
herein or in any other subsequently filed document which is also incorporated or deemed to be
incorporated by reference herein modifies or supersedes such statement. Any such statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
part of this registration statement.
Item 4. Description of the Securities.
Not Applicable
Item 5. Interests of Named Experts and Counsel.
Not Applicable
Item 6. Indemnification of Directors and Officers.
The indemnification of officers and directors of the Company is governed by Section 48-18-501
et seq. of the Tennessee Business Corporation Act (the "TBCA") and the Amended and Restated Charter
(the "Charter") and By-laws of the Company.
The Charter and the By-laws of the Company provide for the indemnification of the directors,
officers, employees and agents to the fullest extent permitted by the TBCA. Among other things, the
TBCA permits a corporation's indemnification of a director, officer, employee or agent made a party
to a proceeding by reason of the fact of such relationship with such corporation against liability
incurred in the proceeding if: (i) such person acted in good faith; (ii) such person reasonably
believed, (a) in the case of conduct in his official capacity with the corporation, that his
conduct was in its best interests or (b) in all other cases, that his conduct was at least not
opposed to its best interests; and (iii) in the case of any criminal proceeding, such person had no
reasonable cause to believe his conduct was unlawful. A director's conduct with respect to an
employee benefit plan for a purpose he reasonably believed to be in the interests of the
participants in and beneficiaries of the plan is conduct that satisfies the provisions of clause
(ii)(b) above. However, pursuant to the TBCA, a corporation may not indemnify a director (i) in
connection with a proceeding brought by or in the right of the corporation in which the director
was adjudged liable to the corporation or (ii) in connection with any other proceeding charging
improper personal benefit to him, whether or not involving action in his official capacity, in
which he was adjudged liable on the basis that personal benefit was improperly received by him.
Under the TBCA, unless limited by its charter, a corporation shall indemnify a director or officer
who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he
was a party because he is or was a director or officer (as applicable) of the corporation against
reasonable expenses incurred by him in connection with the proceeding. Under certain circumstances,
the TBCA also permits a corporation to pay for or reimburse the reasonable expenses incurred by a
director who is a party to a proceeding in advance of final disposition of the proceeding. The TBCA
also permits a corporation to purchase and maintain insurance on behalf of its directors, officers,
employees and agents regardless of whether the corporation would have statutory power to indemnify
such persons against the liabilities insured and the TBCA further provides that
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indemnification and advances of expenses permitted thereunder are not to be exclusive of any rights
to which those seeking indemnification or advancement of expenses may be entitled, provided that a
corporation may not indemnify a director if a judgment or other final adjudication adverse to him
establishes his liability: (i) for any breach of the duty of loyalty to the corporation or its
shareholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct
or a knowing violation of law; or (iii) under Section 48-18-304 of the TBCA (liability for unlawful
distribution).
The Charter and By-laws of the Company also provide that no director of the Company shall be
personally liable to the Company or its shareholders for monetary damages for breach of fiduciary
duty as a director except for liability (i) for any breach of the director's duty of loyalty to the
Company or its shareholders, (ii) for acts of omissions not in good faith or that involve
intentional misconduct or a knowing violation of law, or (iii) arising under Section 47-18-304 of
the TBCA.
The Company also has entered into agreements with its directors to further memorialize and
reaffirm the Company's obligations to indemnify them as authorized by its Charter and By-laws of
the Company. Furthermore, the Company has Directors and Officers Liability Insurance which, subject
to the policy conditions, provides coverage for indemnification amounts payable by the Company with
respect to its directors and officers.
Item 7. Exemption from Registration Claimed.
Not Applicable
Item 8. Exhibits
The following exhibits are filed as part of this registration statement.
4.1
Goody's Family Clothing, Inc. 2005 Stock Incentive Plan (incorporated by reference
to the Company's Definitive Proxy Statement on Schedule 14A for the 2005 Annual
Meeting of Shareholders, filed on May 18, 2005).
5.1
Opinion of Woolf, McClane, Bright, Allen & Carpenter, PLLC.
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of Woolf, McClane, Bright, Allen & Carpenter, PLLC (included in Exhibit 5.1).
24.1
Powers of Attorney (included on signature page).
Item 9. Undertakings.
(a)
The undersigned registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933, as amended;
(ii)
To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the estimated
maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than a 20 percent change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the effective
registration statement;
(iii)
To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
provided
,
however,
that paragraphs (a)(l)(i) and
(a)(1)(ii) do not apply if the information required to be included
in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the
registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in this
registration statement.
2.
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.
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3.
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
(b)
The undersigned registrant hereby undertakes that, for the purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant's annual report
pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where
applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d)
of the Securities Exchange Act of 1934) that is incorporated by reference in this registration
statement shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless in the opinion
of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has
duly caused this registration statement to be signed on its behalf by the undersigned, hereunto
duly authorized, in the City of Knoxville, State of Tennessee, on July 8, 2005.
GOODY'S FAMILY CLOTHING, INC.
By:
/s/ ROBERT M. GOODFRIEND
Robert M. Goodfriend
Chairman of the Board of Directors
and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned whose signature appears below
constitutes and appoints Robert M. Goodfriend and Edward R. Carlin, his or her true and lawful
attorneys-in-fact, with full power of substitution and resubstitution for him or her and on his or
her behalf, and in his or her name, place and stead, in any and all capacities to execute and sign
any and all amendments or post-effective amendments to this registration statement, and to file the
same, with all exhibits thereto, and other documents in connection therewith, with the Securities
and Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact or any of
them or their or his substitute or substitutes, may lawfully do or cause to be done by virtue
hereof and the Company hereby confers like authority on its behalf.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been
signed below by the following persons in the capacity and on the dates indicated.
/s/ Robert M. Goodfriend
Robert M. Goodfriend
Chairman of the Board of Directors and
Chief Executive Officer
July 8, 2005
/s/ Edward R. Carlin
Edward R. Carlin
Executive Vice President, Chief Financial
Officer and Secretary (Principal
Financial Officer)
July 8, 2005
/s/ David G. Peek
David G. Peek
Senior Vice President and Chief
Accounting Officer (Principal
Accounting
Officer)
July 8, 2005
/s/ Robert F. Koppel
Robert F. Koppel
Director
July 8, 2005
/s/ Samuel J. Furrow
Samuel J. Furrow
Director
July 8, 2005
/s/ Irwin L. Lowenstein
Irwin L. Lowenstein
Director
July 8, 2005
/s/ Cheryl L. Turnbull
Cheryl L. Turnbull
Director
July 8, 2005
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EXHIBIT INDEX
The following exhibits are
filed as part of this registration statement.
4.1
Goody's Family Clothing, Inc. 2005 Stock Incentive Plan (incorporated by reference
to the Company's Definitive Proxy Statement on Schedule 14A for the 2005 Annual
Meeting of Shareholders, filed on May 18, 2005).
5.1
Opinion of Woolf, McClane, Bright, Allen & Carpenter, PLLC.
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of Woolf, McClane, Bright, Allen & Carpenter, PLLC (included in Exhibit 5.1).
24.1
Powers of Attorney (included on signature page).