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 7, 2007 TARRANT APPAREL GROUP (Exact Name of Registrant as Specified in Charter) CALIFORNIA 0-26006 95-4181026 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 3151 EAST WASHINGTON BOULEVARD LOS ANGELES, CALIFORNIA 90023 (Address of Principal Executive Offices) (Zip Code) (323) 780-8250 (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 8.01 OTHER EVENTS. Tarrant Apparel Group today announced that it has postponed its 2007 annual meeting of shareholders. The annual meeting will not be held on June 27, 2007, as was indicated in the proxy statement we previously filed with the Securities and Exchange Commission ("SEC"). In connection with our previously terminated acquisition of The Buffalo Group, the SEC commenced a review of our periodic filings with the SEC. As part of this SEC review, we will be required to amend our Annual Report on Form 10-K to include audited financial statements of an unconsolidated subsidiary for the year ended December 31, 2005. We intend to convene our annual meeting of shareholders as soon as practicable after that audit is completed (which we anticipate will be in approximately 30 to 45 days), we have filed an amendment to our Form 10-K to include those audited financial statements and resolved the remaining SEC comments. 2 SIGNATURE 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. TARRANT APPAREL GROUP Date: June 7, 2007 By: /S/ DAVID N. BURKE --------------------------------------- David N. Burke, Chief Financial Officer 3