-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PtxoEZfaCnPGqLFTOLNoMRRcV0DvCvsm3jueDbg/dS134b6qJj5CgagjWPfNzBaJ bioXy00XCT3FIK3W52nmjA== 0001358651-09-000008.txt : 20090715 0001358651-09-000008.hdr.sgml : 20090715 20090715103021 ACCESSION NUMBER: 0001358651-09-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090710 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090715 DATE AS OF CHANGE: 20090715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Neiman Marcus, Inc. CENTRAL INDEX KEY: 0001358651 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 203509435 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-133184-12 FILM NUMBER: 09945078 BUSINESS ADDRESS: STREET 1: 1618 MAIN STREET CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-743-7600 MAIL ADDRESS: STREET 1: 1618 MAIN STREET CITY: DALLAS STATE: TX ZIP: 75201 8-K 1 pikjuly.htm Form 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)

July 10, 2009

NEIMAN MARCUS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

   

333-133184-12

   

20-3509435

(State or other jurisdiction
of incorporation)

 

(Commission File
Number)

 

(IRS Employer
Identification No.)

One Marcus Square

   

1618 Main Street, Dallas, Texas

                

75201

(Address of principal executive offices)

 

(Zip Code)

Registrant's telephone number, including area code

(214) 741-6911

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:

[  ]

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

[  ]

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

   

[  ]

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

   

[  ]

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

 

 

 

Item 8.01

Other Events.

"PIK" Interest Election

The Neiman Marcus Group, Inc. ("NMG"), a wholly owned subsidiary of Neiman Marcus, Inc. (the "Company"), may elect, for any interest payment period through October 15, 2010, to use the payment-in-kind ("PIK") feature of its outstanding 9%/9 3/4% Senior Notes due 2015 (the "PIK Notes") in lieu of making cash interest payments.

NMG negotiated for the right to include the PIK feature in its Senior Indenture relating to the PIK Notes because of its belief that this feature could be a useful tool to enhance liquidity under appropriate circumstances. Given the dislocation in the financial markets and the uncertainty as to when reasonable conditions will return, NMG believes that conditions remain appropriate to utilize this feature, even though NMG currently has $567.2 million of unused borrowing available under its $600 million revolving credit facility. Accordingly, NMG has elected to pay PIK interest for the interest period commencing on July 15, 2009 and continuing through October 14, 2009.

In connection with this election, on July 10, 2009, NMG delivered notice to the Wells Fargo Bank, N.A., trustee under the Senior Indenture governing the PIK Notes that, with respect to the interest due on such PIK Notes for the interest payment period commencing July 15, 2009, NMG will make such interest payment by paying in kind at the PIK interest rate of 9 3/4% instead of paying interest in cash.

NMG also elected to utilize the PIK feature of its PIK Notes for the interest period that commenced on January 15, 2009 and continued through April 14, 2009 and for the interest period that commenced on April 15, 2009 and continued through July 14, 2009. Prior to the beginning of each eligible interest period in the future, NMG will evaluate whether to continue utilizing this PIK feature, taking into account market conditions and other relevant factors at that time.

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.

 



NEIMAN MARCUS, INC.

 

 

(Registrant)

 

 

 

    

 

 

 

     

 

Date:  July 15, 2009

By:

   /s/  Nelson A. Bangs

 

 

 

Nelson A. Bangs

 

 

 

Senior Vice President

 

 

 

 

 

 

 

 

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