-----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, IUIpcYHarNrW3bG7qpa8WsOYuV1VP4AyVPmtuEnOur3BPCnzjoE6LWqBZtJxhs4z 3BoCX8iHIh1RCxBetAFj1g== 0001341004-06-000579.txt : 20060301 0001341004-06-000579.hdr.sgml : 20060301 20060301171546 ACCESSION NUMBER: 0001341004-06-000579 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060301 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060301 DATE AS OF CHANGE: 20060301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PETRIE STORES LIQUIDATING TRUST CENTRAL INDEX KEY: 0000077808 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 226679945 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-03777 FILM NUMBER: 06656701 BUSINESS ADDRESS: STREET 1: 201 RT 17 STREET 2: SUITE 300 CITY: RUTHERFORD STATE: NJ ZIP: 07070 BUSINESS PHONE: 2125569600 FORMER COMPANY: FORMER CONFORMED NAME: PETRIE STORES CORP DATE OF NAME CHANGE: 19920703 8-K 1 nyc548136.htm

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) March 1, 2006 (February 24, 2006)

 

 

Petrie Stores Liquidating Trust

 

(Exact Name of Registrant as Specified in Charter)

 

New York

0-3777

22-6679945

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

 

201 Route 17

Suite 300

Rutherford, NJ

07070

(Address of Principal Executive Offices)

(Zip Code)

 

 

 

Registrant’s telephone number, including area code (201) 635-9637

 

 

 

 

Not Applicable

 

(Former Name or Former Address, if Changed Since Last Report)

 

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:

 

o

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

 

o

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

 

o

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

 

o

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

 



 

 

 

Item 1.01

Entry into a Material Definitive Agreement

 

In connection with the final liquidating distribution and termination of the Petrie Stores Liquidating Trust (the "Liquidating Trust") in accordance with the terms of its Liquidating Trust Agreement (the "LTA"), each as more fully described in Item 8.01 of this report, the Liquidating Trust entered into a Trust and Individual Insured's Liability Insurance Policy (the "Insurance Policies") with each of Columbia Casualty Company and the Underwriters at Lloyd's, London on February 24, 2006 (the "Policy Inception Date"). The Insurance Policies provide insurance coverage, subject to certain exclusions, for potential exposures of the Liquidating Trust and its current and former Liquidating Trustees and employees in an amount and for a term that the Liquidating Trustees believe to be sufficient to allow the Liquidating Trust to make the final liquidating distribution under the terms of the LTA. The Liquidating Trust paid aggregate premiums of $2,150,000 to obtain the Insurance Policies, and such Insurance Policies are fully paid and non-cancelable.

 

Item 8.01

Other Events

 

On March 1, 2006, the Liquidating Trust announced that it will make a final liquidating distribution on March 24, 2006 to the holders of its units of beneficial interest in the aggregate amount of $24,735,487.46 in cash, which amount represents all remaining cash and cash equivalents of the Liquidating Trust less a reserve to provide for the Liquidating Trust's final wind-up costs. In the final liquidating distribution, unit holders will receive $0.4725 in cash for each unit of beneficial interest held of record at the close of business on March 13, 2006. In accordance with the terms of the Liquidating Trust's Liquidating Trust Agreement, upon the completion of the final liquidating distribution, the Liquidating Trust's existence will terminate. At such time, the Liquidating Trust will cease to be a reporting company under the Securities Exchange Act of 1934.

 

The text of the press release announcing the final liquidating distribution is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits

 

 

Press Release, dated March 1, 2006, of the Liquidating Trust.

 

 

 



 

 

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.

 

 

 

 

PETRIE STORES LIQUIDATING TRUST

 

 

 

 

 

 

Date: March 1, 2006

 

By:

/s/ Stephanie R. Jospeh

 

 

Name:

Stephanie R. Joseph

 

 

Title:

Manager and
Chief Executive Officer

 

 

 



 

 

EXHIBIT INDEX

 

Exhibit

 

Description

 

 

 

99.1

 

Press Release, dated March 1, 2006, of the Liquidating Trust.

 

 

 

 

 

EX-99 2 exhibit99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

FOR IMMEDIATE RELEASE  

 

Contact:

H. Bartlett Brown

(201) 635-9637

 

PETRIE STORES LIQUIDATING TRUST

TO MAKE FINAL LIQUIDATING DISTRIBUTION

 

Rutherford, New Jersey, March 1, 2006---Petrie Stores Liquidating Trust (OTC Bulletin Board: PSTLS) announced today that it will make a final liquidating distribution of an aggregate of $24,735,487.46 in cash on March 24, 2006 to its unit holders, which amount represents all remaining cash and cash equivalents of the Liquidating Trust less a provision to cover the Liquidating Trust's final wind-up costs. In the final liquidating distribution, holders of units of beneficial interest of the Liquidating Trust will receive $0.4725 in cash for every unit of beneficial interest of the Liquidating Trust held of record as of the close of business on March 13, 2006. In accordance with the terms of the Liquidating Trust's Liquidating Trust Agreement, upon the completion of the final liquidating distribution, the Liquidating Trust's existence will terminate. At such time, the Liquidating Trust will cease to be a reporting company under the Securities Exchange Act of 1934.

 

 

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