-----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, SnoKANWijeY9rVYM2ffMyvmFPtL2RsF6BEymjg+H/SMqtVvnlP2Rz4dhxqFdEpuW ygDqk02eJpZW1AxyLXu4Tg== 0001005477-97-002383.txt : 19971028 0001005477-97-002383.hdr.sgml : 19971028 ACCESSION NUMBER: 0001005477-97-002383 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971027 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971027 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MICRO WAREHOUSE INC CENTRAL INDEX KEY: 0000892872 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 061192793 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20730 FILM NUMBER: 97701471 BUSINESS ADDRESS: STREET 1: 535 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 BUSINESS PHONE: 2038994000 MAIL ADDRESS: STREET 1: 535 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 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 Exchange Act of 1934 Date of Report: October 27, 1997 MICRO WAREHOUSE, INC. 535 Connecticut Avenue Norwalk, Connecticut 06854 (203) 899-4000 Delaware 0-20730 06-1192793 - -------------------------------------------------------------------------------- (State of Incorporation) (Commission File No.) (IRS Id. No.) Exhibit Index Appears on Page 4 Item 5. Other Events. This Current Report on Form 8-K is being filed with the Securities and Exchange Commission by Micro Warehouse, Inc. ("MWHS") for the purpose of providing the information set forth in a press release issued by MWHS on October 27, 1997, a copy of which is filed as Exhibit 99.1 hereto and incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statement of Businesses Acquired. None. (b) Pro Forma Financial Information. None. (c) Exhibits. The following exhibit is filed herewith: 99.1 Press Release dated October 27, 1997. 2 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 thereunto duly authorized. MICRO WAREHOUSE, INC. (Registrant) Date: October 27, 1997 By /s/ Bruce L. Lev -------------------------------- Bruce L. Lev Vice President 3 EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99.1 Press Release dated October 27, 1997 4 EX-99.1 2 PRESS RELEASE DATED OCTOBER 27, 1997 EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACT: Peter Godfrey Melinda LeVino Chairman of the Board Director, Corporate Communications (203) 899-4186 (203) 899-4672 godfreyp@mwhse.com levinom@mwhse.com MICRO WAREHOUSE ANNOUNCES RESIGNATION OF PRESIDENT AND CHIEF EXECUTIVE OFFICER: ALSO ANNOUNCES THIRD QUARTER RESULTS Norwalk, CT, October 27, 1997 -- Micro Warehouse (NASDAQ: MWHS) today announced the resignation of its President and Chief Executive Officer, Linwood A. "Chip" Lacy, Jr. Founder and Chairman Peter Godfrey said, "Chip has successfully led Micro Warehouse through a difficult year. We are most grateful. At this point the Board of Directors and Mr. Lacy disagree over certain strategic matters and we have accepted his resignation." Mr. Godfrey will assume the positions of President and Chief Executive Officer, effective immediately. The Company also reported its financial results for the third quarter ended September 30, 1997. Sales for the quarter were $522.1 million. Including an after tax charge of $12.7 million, or $0.37 per share for the settlement of a portion of the securities litigation against the Company, the Company lost $7.1 million or $0.21 per share. Excluding the charge, net income for the quarter was $5.6 million or $0.16 per share. For the nine months ended September 30, 1997, net sales were $1,552 million. The Company reported net income of $8.5 million or $0.24 per share. Excluding the after tax charge for the settlement of a portion of the securities litigation of $12.7 million or $0.36 per share, net income and earnings per share for the nine months ended September 30, 1997 were $21.2 million and $0.60 per share, respectively. More extensive financial information will be released after the close of today's business. A conference call for financial analysts has been scheduled for Tuesday, October 28th at 11:00 AM (E). Micro Warehouse, Inc. is a specialty catalog retailer and direct marketer of brand name personal computers, computer software, accessories, peripheral and networking products to commercial and consumer customers. The Company markets its products through frequent mailings of its distinctive, colorful catalogs, Internet catalog sites on the worldwide web and dedicated telemarketing account managers who focus on corporate, education and government accounts. -----END PRIVACY-ENHANCED MESSAGE-----