0000950134-01-506491.txt : 20011008
0000950134-01-506491.hdr.sgml : 20011008
ACCESSION NUMBER: 0000950134-01-506491
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20010918
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20010920
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: HASTINGS ENTERTAINMENT INC
CENTRAL INDEX KEY: 0001054579
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735]
IRS NUMBER: 751386375
STATE OF INCORPORATION: TX
FISCAL YEAR END: 0131
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-24381
FILM NUMBER: 1741037
BUSINESS ADDRESS:
STREET 1: 3601 PLANS BLVD
STREET 2: SUITE 1
CITY: AMARILLO
STATE: TX
ZIP: 79102
BUSINESS PHONE: 8063512300
MAIL ADDRESS:
STREET 1: P O BOX 35350
CITY: AMARILLO
STATE: TX
ZIP: 79120-5350
8-K
1
d90802e8-k.txt
FORM 8-K
1
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) September 18, 2001
----------
HASTINGS ENTERTAINMENT, INC.
----------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TEXAS
--------------------------------------------------------------
(State or other jurisdiction of incorporation or organization)
000-24381 75-1386375
------------------------ ---------------------------------------
(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NUMBER)
3601 PLAINS BLVD, AMARILLO, TEXAS 79102
---------------------------------------- ----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(806) 351-2300
----------------------------------------------------
(Registrant's telephone number, including area code)
NONE
----------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)
2
HASTINGS ENTERTAINMENT, INC.
Item 5. Other Items
In a press release dated September 18, 2001, Hastings Entertainment, Inc. (the
"Company") announced that its Board of Directors has authorized the repurchase
of up to $5.0 million of the Company's outstanding common stock. A copy of the
press release is filed herewith as Exhibit 99 and incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99 Press release dated September 18, 2001.
3
HASTINGS ENTERTAINMENT, INC.
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.
Date: September 20, 2001 Hastings Entertainment, Inc.
(Registrant)
By: /s/ Dan Crow
--------------------------------------------
Dan Crow
Vice President,
Chief Financial Officer
(Principal Financial and Accounting Officer)
4
INDEX TO EXHIBITS
EXHIBIT
NO. DESCRIPTION
------- -----------
99 Press release dated September 18, 2001.
EX-99
3
d90802ex99.txt
PRESS RELEASE DATED SEPTEMBER 18, 2001
1
EXHIBIT 99
NEWS RELEASE
HASTINGS CONTACT: DAN CROW PR01-76
ENTERTAINMENT, INC. Vice President and
CHIEF FINANCIAL OFFICER
(806) 351-2300, ext. 6000
www.gohastings.com
Hastings Entertainment Announces Stock Repurchase of Up to $5.0 Million
AMARILLO, Texas, September 18, 2001--Hastings Entertainment, Inc. (NASDAQ:
HAST), a leading multimedia entertainment superstore retailer, today announced
that its board of directors has authorized a stock repurchase program of up to
approximately 9% of its outstanding common shares, at current market value. The
program is effective immediately.
"We believe that our stock price does not reflect our long-term value and that
this repurchase program is in the best interest of our shareholders," said
Chairman and Chief Executive Officer, John H. Marmaduke. "We also believe this
repurchase demonstrates support for our country and its financial markets."
About Hastings Entertainment
Founded in 1968, Hastings Entertainment, Inc. is a leading multimedia
entertainment retailer that combines the sale of books, music, software,
periodicals, new and used DVDs, videos and video games with the rental of
videos, DVDs and video games in a superstore format. We currently operate 140
superstores, averaging approximately 22,000 square feet, primarily in small to
medium-sized markets throughout the United States.
Hastings also operates www.gohastings.com, an e-commerce Internet Web site that
makes available to its customers new and used entertainment products and unique,
contemporary gifts and toys. The site features exceptional product and pricing
offers.
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