8-K

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 10, 2008

A.C. Moore Arts & Crafts, Inc.

(Exact name of registrant as specified in its charter)

Pennsylvania	000-23157	22-3527763
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

130 A.C. Moore Drive, Berlin, NJ	08009
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (856) 768-4930

Not Applicable

(Former name or former address, if changed since last report.)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On June 10, 2008, Marc Katz resigned from the position of Executive Vice President and Chief Financial Officer of A.C. Moore Arts & Crafts, Inc. (the “Company”). Mr. Katz’s resignation is anticipated to be effective June 27, 2008.

Upon the effective date of Mr. Katz’s resignation, Michael G. Zawoysky, 50, will serve as Acting Chief Financial Officer of the Company. Mr. Zawoysky has served as the Company’s Vice President of Financial Planning and Analysis since March 2007. Previously, he served in various positions with Foot Locker, Inc., the national specialty athletic retailer, most recently as Executive Vice President and Chief Financial Officer of Foot Locker Europe from April 2004 to September 2006, Chief Operating Officer of FootLocker.com. from March 2003 to April 2004 and Chief Financial Officer of FootLocker.com from November 2000 to March 2003.

Rodney B. Schriver, 51, will assume on an interim basis the additional role of Principal Accounting Officer. Mr. Schriver joined the Company as Controller in July 2004 and was promoted to Vice President and Controller in March 2007. Previously, Mr. Schriver served as Vice President and Assistant Controller of Charming Shoppes, Inc., a national specialty retailer, from 1989 to April 2004.

Item 7.01 Regulation FD Disclosure.

On June 16, 2008, the Company issued the press release announcing Mr. Katz’s resignation and the interim appointments. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
	99.1	Press release dated June 16, 2008.

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.

	A.C. MOORE ARTS & CRAFTS, INC.
Date: June 16, 2008	By:	/s/ Amy Rhoades
		Name:	Amy Rhoades
		Title:	Vice President and General Counsel

EXHIBIT INDEX

Exhibit No.		Description
	99.1	Press release dated June 16, 2008.

EX-99.1

Exhibit 99.1

For:	From:
A.C. Moore Arts & Crafts, Inc.	Gregory FCA Communications, Inc.
For More Information Contact:	For More Information Contact:
Amy Rhoades, General Counsel	Joe Hassett
(856) 768-4936	(610) 642-8253

A.C. Moore Reports Departure of Marc Katz

Berlin, New Jersey, June 16, 2008 — A.C. Moore Arts & Crafts, Inc. (Nasdaq: ACMR) today announced the resignation of Marc Katz, anticipated to be effective June 27, 2008, as Executive Vice President and Chief Financial Officer in order to pursue a career opportunity in the private equity sector.

Rick A. Lepley, Chief Executive Officer, said, “We appreciate Marc’s many contributions to A.C. Moore. We were fortunate to have him here to help us through the early part of this turnaround and we wish him success as he has been presented with another great opportunity. We have developed an extremely capable team and we feel certain that they will ensure a smooth transition.”

“It has been a pleasure to work with everyone at A.C. Moore and to have been a part of the first phase in the Company’s turnaround,” said Mr. Katz. “I believe the Company is positioned well for the future and I am confident about the Company’s long-term growth and success.”

The Company will conduct a search for a new Chief Financial Officer and will consider both internal and external candidates. In the interim, the Company has named Michael G. Zawoysky, Vice President of Financial Planning and Analysis, as Acting Chief Financial Officer and has named Rodney B. Schriver, Vice President and Controller, as Principal Accounting Officer.

Prior to joining A.C. Moore in March 2007, Mr. Zawoysky served in various financial positions with Foot Locker, Inc., the national specialty athletic retailer, most recently as Executive Vice President and Chief Financial Officer of Foot Locker Europe and Chief Operating Officer and Chief Financial Officer of FootLocker.com.

Mr. Schriver, A.C. Moore’s Controller since July 2004, was promoted to Vice President and Controller in March 2007. Prior to joining A.C. Moore, Mr. Schriver served as Vice President and Assistant Controller of Charming Shoppes, Inc., a national specialty retailer, from 1989 to 2004.

About A.C. Moore:

A.C. Moore is a specialty retailer of arts, crafts and floral merchandise for a wide range of customers. The Company currently serves customers through its 139 stores located in the Eastern United States from Maine to Florida and nationally via its e-commerce site, www.acmoore.com. For more information about A.C. Moore, visit our website at www.acmoore.com.

# # #

This press release contains statements that are forward-looking within the meaning of applicable federal securities laws and are based on the Company’s current expectations and assumptions as of this date. The Company undertakes no obligation to update or revise any forward-looking statement whether as the result of new developments or otherwise. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors that could cause actual results to differ from those anticipated include, but are not limited to, the Company’s ability to implement its business and operating initiatives to improve profitability, how well the Company manages its growth, customer demand and trends in the arts and crafts industry, inventory risks, the effect of economic conditions and gasoline prices, the impact of unfavorable weather conditions, the impact of competitors’ locations or pricing, difficulties with respect to new system technologies, difficulties in implementing measures to reduce costs and expenses and improve margins, supply constraints or difficulties, the effectiveness of and changes to advertising strategies, difficulties in determining the outcome and impact of litigation, the accuracy of and changes in assumptions for estimated costs for the settlement of lease liabilities and related costs and the non-cash fixed asset impairment, timing in execution of the Company’s real estate strategy, the outcome of negotiations with landlords and other third parties in executing the real estate strategy, the impact of the threat of terrorist attacks and war, the Company’s ability to maintain an effective system of internal control over financial reporting, risks related to the Company’s recent restatement and other risks detailed in the Company’s Securities and Exchange Commission filings.