8-K 1 spiegel8k042204.txt SPIEGEL, INC. 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15d of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) : April 23, 2004 SPIEGEL, INC. (Exact name of registrant as specified in its charter) Delaware 0-16126 36-2593917 (State or other (Commission file (I.R.S. Employer jurisdiction of number) Identification No.) incorporation or organization) 3500 Lacey Road Downers Grove, IL 60515-5432 (Address of principal executive offices) (Zip Code) (630) 986-8800 (Registrant's telephone number, including area code) No Change (Former name or Former address, if changed since last report) ---------------------------------------------------------------------------- Item 5. Other Events On April 23, 2004, the Company elected to reduce its DIP Facility from $350 million to $250 million. To date, the Company has had no borrowings under the DIP Facility and has maintained a significant cash position throughout the Chapter 11 proceedings. At the end of March 2004, the Company's cash position approximated $169 million. ---------------------------------------------------------------------------- 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 thereunto duly authorized. SPIEGEL, INC. (Registrant) Dated: April 23, 2004 By: /s/ James M. Brewster -------------------------- James M. Brewster Senior Vice President and Chief Financial Officer (Principal Accounting and Financial Officer)