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): NOVEMBER 14, 2003

                              FAB INDUSTRIES, INC.
             (Exact name of registrant as specified in its charter)

         DELAWARE                       1-5901                  13-2581181
(State or other                      (Commission               (IRS Employer
jurisdiction of incorporation         File Number)           Identification No.)
or organization)

NEW YORK, NEW YORK                                                10016
   (Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code:     (212) 592-2700

                                 NOT APPLICABLE
          (Former name or former address if changed since last report)


         On November 14, 2003, Fab Industries, Inc. issued a press release
announcing that Special Committee of Fab's Board of Directors, which was
appointed on October 23, 2003, following receipt by Fab of a management-led
buyout group's preliminary, non-binding offer for all of Fab's assets, has begun
to consider the offer and to review various alternatives to maximize stockholder
value. The press release also announced that on November 10, 2003, a stockholder
filed a complaint in Delaware Chancery Court, captioned BELANGER V. FAB
INDUSTRIES, INC. ET. AL., Del. Ch., C.A. No. 054-N, naming as defendants Fab
Industries, Inc. and each of its directors, seeking class certification,
preliminary and permanent injunctions against the proposed management-led
buyout, and unspecified damages.

         The press release announcing the foregoing is attached as Exhibit 99.1
to this report and is incorporated by reference into this item.


                  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.

                                   FAB INDUSTRIES, INC.

Dated:  November 14, 2003          By:  /s/ Samson Bitensky
                                        Samson Bitensky
                                        Chairman of the Board and Chief
                                        Executive Officer

                                INDEX TO EXHIBITS

99.1     Press Release, dated November 14, 2003.