-----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, H5BNB6N1KbDC/4PcvKc/HLFNnHgj92BrAUqAiOyaPAkOJvX9gFGb7XDOB3UQjUru BYvVbYfJJRj9LuAM1f2nYA== 0000096289-07-000011.txt : 20070419 0000096289-07-000011.hdr.sgml : 20070419 20070419172427 ACCESSION NUMBER: 0000096289-07-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070419 ITEM INFORMATION: Other Events FILED AS OF DATE: 20070419 DATE AS OF CHANGE: 20070419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADIOSHACK CORP CENTRAL INDEX KEY: 0000096289 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731] IRS NUMBER: 751047710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05571 FILM NUMBER: 07776788 BUSINESS ADDRESS: STREET 1: 100 THROCKMORTON ST STREET 2: STE 1700 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8174153700 MAIL ADDRESS: STREET 1: 100 THROCKMORTON SUITE 1700 CITY: FORTH WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: TANDY CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: TANDY LEATHER CO DATE OF NAME CHANGE: 19681216 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN HIDE & LEATHER CO DATE OF NAME CHANGE: 19660825 8-K 1 form8k041907.htm RADIOSHACK CORPORATION FORM 8-K APRIL 19, 2007 RadioShack Corporation Form 8-K April 19, 2007
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): April 19, 2007
 
Commission file number 1-5571


RADIOSHACK CORPORATION
(Exact name of registrant as specified in its charter)


Delaware
75-1047710
(State or other jurisdiction of incorporation)
(I.R.S. Employer Identification No.)
   
   
300 RadioShack Circle, Mail Stop CF3-203,
  
Fort Worth, Texas
76102
(Address of principal executive offices)
(Zip Code)

 
Registrant’s telephone number, including area code: (817) 415-3700


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 (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
 

Item 8.01. Other Events

RadioShack Corporation (the “Company”) commenced a workforce reduction in April 2007 of approximately 280 positions across its various support functions, primarily at the Company’s headquarters operation.  A majority of these reductions took place on April 19, 2007.

In connection with the reductions, the Company estimates that it will incur a pre-tax charge of approximately $8.5 million for one-time termination benefits. The charge will be recorded in the Company’s financial statements for the fiscal quarter ended March 31, 2007. The Company estimates that these reductions, combined with the elimination of open positions, will result in an annualized pre-tax savings of approximately $30 million. The Company does not expect to incur any other material charges in connection with these reductions.

Statements made in this Current Report on Form 8-K that are forward-looking involve risks and uncertainties and are indicated by words such as “estimates,” “anticipates,” “expects” and other similar words or phrases. These uncertainties include, but are not limited to, the Company’s profitability, wireless industry changes, economic conditions, product demand, competitive products and pricing, availability of products, the regulatory environment and other risks indicated in the Company’s filings with the SEC such as the Company’s most recent Form 10-K. Actual results could differ materially from those expressed or implied in the forward-looking statements.


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 this 19th day of April, 2007.
 


 
RADIOSHACK CORPORATION
   
   
 
/s/ James F. Gooch
 
James F. Gooch
 
Executive Vice President and Chief
 
Financial Officer
 
 
 
 

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