0001209191-11-019102.txt : 20110322
0001209191-11-019102.hdr.sgml : 20110322
20110322102231
ACCESSION NUMBER: 0001209191-11-019102
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20110318
FILED AS OF DATE: 20110322
DATE AS OF CHANGE: 20110322
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GUMBERG IRA J
CENTRAL INDEX KEY: 0001184628
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06695
FILM NUMBER: 11702982
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: JO-ANN STORES INC
CENTRAL INDEX KEY: 0000034151
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
IRS NUMBER: 340720629
STATE OF INCORPORATION: OH
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 5555 DARROW RD
CITY: HUDSON
STATE: OH
ZIP: 44236
BUSINESS PHONE: 3306562600
MAIL ADDRESS:
STREET 1: 5555 DARROW ROAD
CITY: HUDSON
STATE: OH
ZIP: 44236
FORMER COMPANY:
FORMER CONFORMED NAME: FABRI CENTERS OF AMERICA INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: CLEVELAND FABRIC SHOPS INC NUMBER THREE
DATE OF NAME CHANGE: 19681216
FORMER COMPANY:
FORMER CONFORMED NAME: CLEVELAND FABRIC SHOPS INC
DATE OF NAME CHANGE: 19681216
4
1
doc4.xml
FORM 4 SUBMISSION
X0303
4
2011-03-18
1
0000034151
JO-ANN STORES INC
JAS
0001184628
GUMBERG IRA J
5555 DARROW ROAD
HUDSON
OH
44236
1
0
0
0
Restricted Stock Units
0.00
2011-03-18
4
D
0
2769
61.00
D
2011-03-18
2011-03-18
Common Stock
2769
0
D
Phantom Stock Units
0.00
2011-03-18
4
D
0
6828
61.00
D
2011-03-18
2011-03-18
Common Stock
6828
0
D
Accelerated conversion of restricted stock units into common stock on a one-to-one basis pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash.
Accelerated conversion of phantom stock units that were accrued under the 1998 Incentive Compensation Plan and/or the 2008 Incentive Compensation Plan and the rules thereunder, into common stock on a one-to-one basis pursuant to the merger agreement, dated as of December 23, 2010, by and among the Company, Needle Holdings Inc. and Needle Merger Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, effective as of March 18, 2011, the Company's common shares were automatically cancelled and converted into the right to receive $61.00 in cash.
/s/James Kerr for Ira J Gumberg by Power of Attorney
2011-03-22
EX-24.4_370971
2
poa.txt
POA DOCUMENT
LIMITED POWER OF ATTORNEY FOR
SECTION 16 REPORTING OBLIGATIONS
Know all by these presents, that the undersigned hereby makes, constitutes and
appoints Darrell Webb, David Goldston, James Kerr and Timothy Ryan and each of
them as the undersigned's true and lawful attorney-in-fact, with full power and
authority as hereinafter described on behalf of and in the name, place and stead
of the undersigned to:
(1) prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 or such
other forms (including any amendments thereto) as may be required by Section 16
of the Securities Exchange Act of 1934 and the rules and regulations promulgated
thereunder, as amended from time to time (the "Exchange Act") with respect to
the securities of Jo-Ann Stores, Inc., an Ohio corporation (the "Company"), with
the United States Securities and Exchange Commission, any national securities
exchanges and the Company;
(2) seek or obtain, as the undersigned's representative and on the undersigned's
behalf, information on transactions in the Company's securities from any third
party, including brokers, employee benefit plan administrators and trustees, and
the undersigned hereby authorizes any such person to release any such
information to the undersigned and approves and ratifies any such release of
information; and
(3) perform any and all other acts which in the discretion of such
attorney-in-fact are determined to be necessary or desirable for and on behalf
of the undersigned in connection with the foregoing.
The undersigned acknowledges that:
(1) this Power of Attorney authorizes, but does not require, each such
attorney-in-fact to act in his or her discretion on information provided to such
attorney-in-fact without independent verification of such information;
(2) any documents prepared and/or executed by such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney will be in such form and will
contain such information and disclosure as such attorney-in-fact, in his or her
discretion, deems necessary or desirable;
(3) neither the Company nor such attorney-in-fact assumes (i) any liability for
the undersigned's responsibility to comply with the requirement of the Exchange
Act, (ii) any liability of the undersigned for any failure to comply with such
requirements, or (iii) any obligation or liability of the undersigned for profit
disgorgement under Section 16(b) of the Exchange Act; and
(4) this Power of Attorney does not relieve the undersigned from responsibility
for compliance with the undersigned's obligations under the Exchange Act,
including without limitation the reporting requirements under Section 16 of the
Exchange Act.
The undersigned hereby gives and grants the foregoing attorney-in-fact full
power and authority to do and perform all and every act and thing whatsoever
requisite, necessary or appropriate to be done in and about the foregoing
matters as fully to all intents and purposes as the undersigned might or could
do if present, hereby ratifying all that each such attorney-in-fact of, for and
on behalf of the undersigned, shall lawfully do or cause to be done by virtue of
this Limited Power of Attorney.
This Power of Attorney shall remain in full force and effect until revoked by
the undersigned in a signed writing delivered to such attorney-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 2nd day of April, 2008.
/s/Ira J Gumberg
Signature
Ira J Gumberg
Print Name
STATE OF Ohio )
)
COUNTY OF Stark )
On this 2nd day of April, 2008, Ira J Gumberg personally appeared before me, and
acknowledged that s/he executed the foregoing instrument for the purposes
therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
/s/Wendy S. Blasick
Notary Public
My Commission Expires: May 20, 2009