-----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, M3BN9rcKBqbv2I3lvpzB6WBWzcJqJx/tPbksqdpEO1OyxXtO2juaFscw2/kJw8/4 qiFrLuu34bsKHvqlwQcZvg== 0000950152-99-000148.txt : 19990113 0000950152-99-000148.hdr.sgml : 19990113 ACCESSION NUMBER: 0000950152-99-000148 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990112 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLE NATIONAL CORP /DE/ CENTRAL INDEX KEY: 0000769644 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 341453189 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12814 FILM NUMBER: 99505096 BUSINESS ADDRESS: STREET 1: 5915 LANDERBROOK DR CITY: MAYFIELD HEIGHTS STATE: OH ZIP: 44124 BUSINESS PHONE: 2164494100 MAIL ADDRESS: STREET 1: 5915 LANDERBROOK DRIVE STREET 2: SUITE 300 CITY: CLEVELAND STATE: OH ZIP: 44124 FORMER COMPANY: FORMER CONFORMED NAME: CNC HOLDING CORP/DE DATE OF NAME CHANGE: 19920703 8-K 1 COLE NATIONAL CORPORATION FORM 8-K 1 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): January 12, 1999 ------------------- Cole National Corporation ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 33-74228 34-1453189 - ---------------- --------------- ------------------ (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 5915 Landerbrook Drive, Mayfield Heights, Ohio 44124 -------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (440) 449-4100 ------------------ 2 Item 5. Other Events. ------------ The Company issued a press release on January 12, 1999, a copy of which is filed as Exhibit 99. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. ---------------------------------------------------------- (c) Exhibits. 99 Press Release dated January 12, 1999, from the Company. 3 SIGNATURE --------- 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. COLE NATIONAL CORPORATION Date: January 12, 1999 By: /s/Wayne L. Mosley ----------------------------------- Vice President 4 EXHIBIT INDEX ------------- Pagination by Sequential Numbering Exhibit Description of Exhibit System - ------- ---------------------- -------------------- 99 Press Release dated January 12, 5 1999, from the Company. EX-99 2 EXHIBIT 99 1 THINGS REMEMBERED POSTS STRONG HOLIDAY SEASON SALES Cleveland, Ohio, January 12, 1999 -- Cole National Corporation (NYSE:CNJ), the leading vision care and personalization retailer reported that Things Remembered's holiday season comparable store sales increased 7.3% The strong sales performance in November and December was driven by the success of the holiday catalog, seasonal merchandise, the sale of additional personalization and new marketing programs. In the seasonal area, the Collectible Ornament Program surpassed management's expectations, led by a virtual sell-through of the initial offering of the exclusive "Make-A-Wish" Foundation ornament. Make-A-Wish and Things Remembered working together in 1998, created and marketed the first ornament in what is expected to become an annual offering. Things Remembered and Cole National, will donate in excess of $100,000 from the proceeds of the ornament sales to the Make-A-Wish Foundation. Historically, November and December are the two slowest sales months of the year in the optical business. Nevertheless, overall comparable store sales had a mid-single digit increase, led by the host-based business with Pearle company-owned stores slightly negative. The Company has previously announced that it intends to take restructuring and other charges of approximately $25 million associated with revising the Pearle Vision operating model and other matters. These charges will be reflected in the fourth quarter of 1998. The pretax charges are associated with severance and retention costs, consulting fees, facilities consolidation and relocation costs as well as the write-down of assets, including inventory in the range of $5 to $8 million. Cole National, including Pearle franchisees, has more than 2,800 locations in the United States, Canada , Puerto Rico and the Virgin Islands, as well as a 24% investment in Pearle Europe, which has 509 optical stores in the Netherlands, Belgium, Germany and Austria. 2 The Company's plans and beliefs concerning the future contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results with respect to these matters may differ materially from those forecast due to a variety of factors that can adversely affect the Company's operating results, liquidity and financial condition such as risks associated with the timing and achievement of the restructuring of the optical business and related charges, the implementation of its store acquisition and opening program, and other factors described in the Company's SEC filings. -----END PRIVACY-ENHANCED MESSAGE-----