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):        May 3, 2002

                                CVEO Corporation
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                 (Exact name of registrant specified in Charter)


            Delaware                    1-13430                  04-1419731
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 (State or other jurisdiction    (Commission File Number)    (I.R.S. Employer
     of incorporation)                                      Identification No.)


         One High Street, North Andover, MA                         01845
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           (Address of principal executive offices)                Zip Code


Registrant's telephone, including area code:          978.983.3375
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         (Former name and former address, if changed since last report)



ITEM 5.  OTHER EVENTS

      Pursuant to Bankruptcy Rule 2015, on May 3, 2002 CVEO Corporation (the
"Company"), formerly named Converse Inc., filed its monthly operating report
covering the period ending March 31, 2002 with the United States Bankruptcy
Court for the District of Delaware (the "Court").

      Attached as Exhibit 99.1 to this Form 8-K is the following financial
information included in such monthly operating report:

      .    Consolidated Balance Sheet as of March 31, 2002.

      .    Consolidated Income Statement for the month of March 2002 and the 15
           months ended March 31, 2002.

      .    Schedule of Cash Receipts and Disbursements March 1, 2002 to
           March 31, 2002.

ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS

      (c)  Exhibits
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      99.1 Financial Information

                                   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, in North Andover, Massachusetts on May 7,
2002.

                                          CVEO CORPORATION


                                          By: /s/ James E. Lawlor
                                              ----------------------------------
                                              James E. Lawlor
                                              Senior Vice President and
                                              Chief Financial Officer

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                                INDEX TO EXHIBITS


Exhibit                                                                     Page
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99.1            Financial Information                                         4

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