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): NOVEMBER 26, 2003
                                                        ------------------------


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


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


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


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


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




ITEM 5.  OTHER EVENTS.

         On November 26, 2003, Fab Industries, Inc. announced that the
management-led buyout group that had previously made a preliminary offer to
acquire the business, as a going concern, had withdrawn its offer. The press
release announcing the foregoing is attached as Exhibit 99.1 to this report and
is incorporated by reference into this item. The letter from the management-led
buyout group is attached as Exhibit 99.2 to this report and is incorporated by
reference into this item.





                                   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.


                                   FAB INDUSTRIES, INC.


Dated:  November 26, 2003          By:  /s/ Samson Bitensky
                                        ---------------------------------------
                                        Samson Bitensky
                                        Chairman of the Board and Chief
                                        Executive Officer





                                INDEX TO EXHIBITS


99.1     Press Release, dated November 26, 2003.

99.2     Letter, dated November 26, 2003.