FRED » Topics » SECURITIES AND EXCHANGE COMMISSION

This excerpt taken from the FRED 8-K filed Nov 24, 2009.

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): November 24, 2009

FRED'S, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


This excerpt taken from the FRED 8-K filed May 28, 2009.

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): May 27, 2009

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


ITEM 8.01.     OTHER EVENTS

In a press release issued on May 28, 2009, the Company announced that its Board of Directors has increased the Company's quarterly cash dividend to $0.03 per share from the previous level of $0.02 per share.  The dividend will be paid on June 15, 2009, to shareholders of record as of June 1, 2009.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

(d)      Exhibits.

99.1 Press Release issued by Fred's, Inc., dated May 28, 2009.

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.

FRED'S, INC.

(Registrant)
 
 

Date:

May 28, 2009

By:

/s/

Jerry A. Shore

 

 

Jerry A. Shore

 

Executive Vice President and

Chief Financial Officer


EXHIBIT INDEX

Exhibit
Number

 

Description of Exhibit(s)

 
99.1

Copy of press release issued by Fred's, Inc. on May 28, 2009.

This excerpt taken from the FRED 8-K filed May 28, 2009.

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): May 28, 2009

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On May 28, 2009, Fred's, Inc. issued a press release announcing its financial results for the first quarter ended May 2, 2009.

A copy of the press release announcing these events is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.  The information in this report, including the exhibit attached hereto, is furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

  (d) Exhibits.
 

99.1     Press Release issued by Fred's, Inc., dated May 28, 2009.



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.

FRED'S, INC.

(Registrant)
 
 

Date:

May 28, 2009

By:

/s/

Jerry A. Shore

 

 

Jerry A. Shore

 

Executive Vice President and

Chief Financial Officer


EXHIBIT INDEX

Exhibit
Number

 

Description of Exhibit(s)

 
99.1

Copy of press release issued by Fred's, Inc. on May 28, 2009.

This excerpt taken from the FRED 8-K filed Mar 26, 2009.

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 26, 2009

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


ITEM 2.02.     RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On March 26, 2009, Fred's, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended January 31, 2009.

A copy of the press release announcing these events is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.  The information in this report, including the exhibit attached hereto, is furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

  (d) Exhibits.
 

99.1     Press Release issued by Fred's, Inc., dated March 26, 2009.



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.

FRED'S, INC.

(Registrant)
 
 

Date:

March 26, 2009

By:

/s/

Jerry A. Shore

 

 

Jerry A. Shore

 

Executive Vice President and

Chief Financial Officer


EXHIBIT INDEX

Exhibit
Number

 

Description of Exhibit(s)

 
99.1

Copy of press release issued by Fred's, Inc. on March 26, 2009.

This excerpt taken from the FRED 8-K filed Dec 11, 2008.

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): December 10, 2008

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

 

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


ITEM 5.02.

DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On December 11, 2008, Fred's Inc. announced the promotion of Bruce A. Efird to Chief Executive Officer, effective at the commencement of the Company's next fiscal year, February 1, 2009.  Efird, who will retain the title of President and remains a director of the Company, will succeed Michael J. Hayes, who will continue as Chairman of the Board of Directors.

A copy of the press release announcing these events is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.  The information in this report, including the exhibit attached hereto, is furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

ITEM 9.01.

FINANCIAL STATEMENTS AND EXHIBITS.

  (d) Exhibits.
 
99.1 Press Release issued by Fred's, Inc., dated December 11, 2008.

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.

 

FRED'S, INC.

(Registrant)
 
 

Date:

December 11, 2008

By:

/s/

Jerry A. Shore

 

 

Jerry A. Shore

 

Executive Vice President and

Chief Financial Officer


This excerpt taken from the FRED 8-K filed Nov 26, 2008.

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): November 26, 2008

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

 

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


This excerpt taken from the FRED 8-K filed Aug 28, 2008.

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): August 28, 2008

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

 

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


This excerpt taken from the FRED 8-K filed Mar 27, 2008.

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 27, 2008

FREDS, INC.
(Exact Name of Registrant as Specified in Charter)


Commission File Number 001-14565

 

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


This excerpt taken from the FRED 8-K filed Feb 7, 2008.

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): February 6, 2008

FREDS, INC.
(Exact Name of Registrant as Specified in its Charter)


Commission File Number 001-14565

 

Tennessee

 

62-0634010

(State or Other Jurisdiction

of Incorporation)

 

(I.R.S. Employer

Identification No.)

4300 New Getwell Road, Memphis, Tennessee  38118

(Address of principal executive offices)

(901) 365-8880
Registrant’s telephone number, including area code


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:

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

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

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

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


Item 2.05     Cost Associated with Exit or Disposal Activites.

On February 6, 2008, Fred's, Inc. announced that it has embarked on a strategic plan to improve its performance, based on an in-depth study of the Company's operations over the last 10 quarters. The plan will involve several elements, all focused on achieving the Company's long-term goal of increasing annual operating margin to 4.5%. These include improving the core store performance by closing 75 under-performing locations; repositioning and reducing corporate overhead by 10%; generating approximately $11 million in annualized cash savings beginning in the second half of 2008; and initiating multiple merchandising programs to enhance margin and address the changing shift in sales mix.

The Company plans to close all of the 75 underperforming stores in 2008. The sales contribution of the 75 stores slated for closure was $112 million in 2007, with approximately $9 million in operating loss. The closures will not affect operations of the Company's two distribution centers. The anticipated cost of the restructuring is approximately $26 million, including $16 million to $18 million in non-cash expenses primarily associated with the write-down of inventory and fixed assets related to the store closings. The balance of approximately $8 million to $10 million in expenses involves cash charges related to lease buyout costs. The write-offs of inventory, fixtures and pharmacy intangible assets will affect the fourth quarter 2007 by approximately $19 million. In 2008, the Company expects to record the remaining $7 million of lease-related expenses of the closed stores. The program is expected to yield savings of approximately $11 million on an annualized basis and free cash flow of approximately $35 million.

The foregoing estimated costs, charges and savings are preliminary and may differ materially from actual results based on various factors, including the timing of implementation and changes in underlying assumptions and projections related to the strategic plan, including lease buyouts.

Fred's also plans to slow capital spending and the rate of new store openings beginning in 2008 in order to focus on growth that is more profitable and that produces a higher return on investment. In concert with the store reduction program, Fred's will take a conservative approach to new stores, opening 18 stores and 15 pharmacies.

Item 2.06     Material Impairments.

The information set forth in Item 2.05 is incorporated by reference into this Item 2.06.

Item 7.01     Regulation FD Disclosure.

On February 6, 2008, Fred's, Inc. issued a press release announcing a strategic plan to improve its performance. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01     Financial Statements and Exhibits.

(d)      Exhibits.

99.1  Press release issued by Fred's, Inc., dated February 6, 2008.


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.

 

FRED'S, INC.

(Registrant)
 
 

Date:

February 7, 2008

By:

/s/

Jerry A. Shore

 

 

Jerry A. Shore

 

Executive Vice President and

Chief Financial Officer


EXHIBIT INDEX

Exhibit
Number

 

Description of Exhibit(s)

 
99.1

Copy of press release issued by Fred's, Inc. on February 6, 2008.

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