-----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, Ti1WBPKyvcE/x442N83Dn8OMpgcP1lJSxS8NDH51LlXb8sYj54L2/IhEQy1GQuos 0X3VTWAeORgLVNw0ZVCl2Q== 0001047469-98-038031.txt : 19981026 0001047469-98-038031.hdr.sgml : 19981026 ACCESSION NUMBER: 0001047469-98-038031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981016 ITEM INFORMATION: FILED AS OF DATE: 19981023 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUSA INC CENTRAL INDEX KEY: 0000880323 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-COMPUTER & COMPUTER SOFTWARE STORES [5734] IRS NUMBER: 752261497 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11566 FILM NUMBER: 98729862 BUSINESS ADDRESS: STREET 1: 14951 N DALLAS PKWY CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 2149824000 MAIL ADDRESS: STREET 1: 14951 NORTH DALLAS PKWY CITY: DALLAS STATE: TX ZIP: 75240 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report (Date of earliest event reported): OCTOBER 16, 1998 COMPUSA INC. (Exact name of registrant as specified in its charter) Delaware 001-11566 752261497 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 14951 North Dallas Parkway, Dallas, Texas 75240 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (972) 982-4000 Item 5. OTHER EVENTS. On October 16, 1998, CompUSA Inc. (the "Company") announced that the Company and its subsidiary, Computer City, Inc., had signed a definitive agreement to sell to Future Shop Ltd. substantially all of the assets associated with the seven Computer City, Inc. stores located in Canada. These stores were acquired as part of the acquisition of Computer City, Inc. from Tandy Corporation on August 31, 1998. This sale is subject to regulatory approvals and customary closing conditions. A copy of the October 16, 1998 press release relating to the foregoing is filed as Exhibit 99.1 to this Report on Form 8-K. Item 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial statements of business acquired: Not applicable (b) Pro Forma financial information: Not Applicable (c) Exhibits: 99.1 Press Release issued by CompUSA Inc. dated October 16, 1998. -2- SIGNATURES Pursuant to the requirement 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. Date: October 19, 1998 CompUSA Inc. By: /s/ Mark R. Walker ------------------------------------ Mark R. Walker Senior Vice President - General Counsel -3- INDEX TO EXHIBITS
Exhibit Number Exhibit - ------- --------------------------------------------------------------- 99.1 Press Release issued by CompUSA Inc. dated October 16, 1998.
EX-99.1 2 EXHIBIT 99.1 [LOGO] Corporate Headquarters 14951 North Dallas Parkway Dallas, Texas 75240 www.compusa.com NEWS RELEASE ------------ FOR IMMEDIATE RELEASE CONTACT: James E. Skinner - --------------------- Executive Vice President & CFO (972) 982-4000 J. Robert Gary Vice President - Finance (972) 982-4000 Stacie Shirley Director - Investor Relations (972) 982-5323 Media Relations Dept: (972) 982-4181 COMPUSA INC. TO SELL COMPUTER CITY CANADIAN SUPERCENTERS -------------------------------------------------------- DALLAS, OCTOBER 16, 1998 -- CompUSA Inc. (NYSE:CPU) announced today that it has entered into a definitive agreement with Future Shop Ltd. (TSE:FSS) for the sale of the seven Canadian supercenters acquired by CompUSA in its purchase of Computer City from Tandy Corporation. The purchase price of the transaction will be based on a formula utilizing book value at the closing date. It is anticipated that the sale will be completed within 30 days. CompUSA is one of the nation's leading retailers and resellers of personal computers and related products and services. The Company currently operates over 200 CompUSA Computer Superstores-SM- in more that 75 major metropolitan markets across the United States, and seven Computer City Supercenters-Registered Trademark- in Canada, which serve retail, corporate, government and education customers and include technical service departments and classroom training facilities. CompUSA also offers it own build-to-order line of personal computers, the CompUSA PC-TM- and operates an Internet web site located at www.compusa.com. -More- This news release contains forward-looking statements about the business and prospects of the Company which statements involved risks and uncertainties including, but not limited to, economic conditions, regulatory matters, and other risks indicated in the Company's Securities and Exchange Commission filings and reports. In many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. -----END PRIVACY-ENHANCED MESSAGE-----