-----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, I85DILfQPdKG+8M/VO5FSgACE+1+K8wY9KigFMpA7mDMkJtQogHTanp2XMyRpoDZ dbrECzBdWDwHLVPjJGZfeA== 0000912057-01-523141.txt : 20010710 0000912057-01-523141.hdr.sgml : 20010710 ACCESSION NUMBER: 0000912057-01-523141 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010709 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICHAELS STORES INC CENTRAL INDEX KEY: 0000740670 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOBBY, TOY & GAME SHOPS [5945] IRS NUMBER: 751943604 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-11822 FILM NUMBER: 1677035 BUSINESS ADDRESS: STREET 1: 8000 BENT BRANCH DR STREET 2: PO BOX 619566 CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: 2147147000 MAIL ADDRESS: STREET 1: PO BOX 619566 CITY: DFW STATE: TX ZIP: 75261 8-K 1 a2053841z8-k.htm 8-K Prepared by MERRILL CORPORATION
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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 9, 2001

Michaels Stores, Inc.
(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other Jurisdiction
of Incorporation)		   0-11822
(Commission File Number)		   75-1943604
(IRS Employer
Identification No.)

8000 Bent Branch Drive, Irving, Texas
P. O. Box 619566, DFW, Texas
(Address of Principal Executive Offices)
75063
75261-9566
(Zip Code)

Registrant's telephone number, including area code    (972) 409-1300

Item 5. Other Events.

    On July 9, 2001, Michaels Stores, Inc. issued a press release announcing that it has called for the redemption of all of its outstanding 107/8% Senior Notes Due 2006. A copy of the press release is attached hereto as Exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

      (c)  Exhibits.

Exhibit No.
   Description
99.1.   Press Release, dated July 9, 2001.


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.

    MICHAELS STORES, INC.

  
 
By:
/s/ BRYAN M. DECORDOVA   
     
Name: Bryan M. DeCordova
Title: Executive Vice President and Chief Financial Officer

Date: July 9, 2001


EXHIBIT INDEX

Exhibit No.
   Description
99.1.   Press Release, dated July 9, 2001.


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SIGNATURES
EXHIBIT INDEX
 EX-99.1 2 a2053841zex-99_1.htm EXHIBIT 99.1 Prepared by MERRILL CORPORATION
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[Letterhead]

    Exhibit 99.1

NEWS RELEASE
FOR IMMEDIATE RELEASE		   Contact: Bryan M. DeCordova
Executive Vice President—
Chief Financial Officer
(972) 409-1581

Christopher J. Holland
Vice President—Finance
(982) 409-1667


MICHAELS CALLS FOR REDEMPTION OF SENIOR NOTES

IRVING, Texas—July 9, 2001—Michaels Stores, Inc. (Nasdaq: MIKE) today announced that it has called for the redemption of the Company's 107/8% Senior Notes Due 2006 (the "Securities"). The aggregate principal amount of the Securities outstanding is $125.0 million.

    Pursuant to the terms of the Indenture governing the Securities, the Company has elected to redeem them on August 6, 2001 (the "Redemption Date"). The redemption price of $1,054.38 per $1,000 of principal amount of the Securities, plus accrued interest to the Redemption Date, will become due and payable upon each such Security to be redeemed, and interest thereon will cease to accrue, on and after the Redemption Date.

    A Notice of Redemption is being mailed to all registered holders of the Securities. Copies of the Notice of Redemption may be obtained from The Bank of New York by calling Mr. Remo Reale at (212) 815-3703.

    Michaels Stores, Inc. (http://www.michaels.com) is the world's largest retailer of arts, crafts, framing, floral, decorative wall decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The Company owns and operates 654 Michaels stores in 48 states, Canada, and Puerto Rico, and 127 Aaron Brothers stores, located primarily on the West Coast and one wholesale store located in Dallas, Texas.

    Certain statements contained herein which are not historical facts are forward looking statements that involve risks and uncertainties, including, but not limited to, customer demand and trends in the arts and crafts industry, related inventory risks due to shifts in customer demand, the effect of economic conditions, the impact of competitors' locations or pricing, the availability of acceptable locations for new stores, difficulties with respect to new information system technologies, supply constraints or difficulties, the results of financing efforts, the effectiveness of advertising strategies and other risks detailed in the Company's Securities and Exchange Commission filings

    This press release is available to First Call subscribers and on the Michaels Stores, Inc. web site (http://www.michaels.com).

                                                         
 8000 BENT BRANCH DRIVE   •   IRVING, TEXAS 75063
972/409  •  1300



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[Letterhead]
MICHAELS CALLS FOR REDEMPTION OF SENIOR NOTES
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