Jo-Ann Stores 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2011
Jo-Ann Stores, Inc.
(Exact Name of Registrant as Specified in Charter)
Registrants telephone number, including area code: (330) 656-2600
(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:
TABLE OF CONTENTS
Item 5.07 Submission of Matters to a Vote of Security Holders.
On March 18, 2011, Jo-Ann Stores, Inc. (the Company) held a special meeting of shareholders (the Special Meeting). At the Special Meeting, the Companys shareholders adopted the previously disclosed Agreement and Plan of Merger, dated as of December 23, 2010 (the Merger Agreement), by and among the Company, Needle Holdings Inc., a Delaware corporation (Parent), and Needle Merger Sub Corp., an Ohio corporation and a wholly-owned subsidiary of Parent (Merger Sub). Both Parent and Merger Sub are beneficially owned by Leonard Green & Partners, L.P. The Companys shareholders also approved a proposal to adjourn the Special Meeting, if necessary or appropriate, to solicit additional proxies but this proposal was not needed.
Approval of the proposal to adopt the Merger Agreement (Proposal 1) required the affirmative vote of the holders of at least a majority of the Companys common shares outstanding as of the close of business on February 16, 2011, the record date for the Special Meeting. Approval of the proposal to adjourn the Special Meeting, if necessary or appropriate, for the purpose of soliciting additional proxies (Proposal 2) required the affirmative vote of the holders of at least a majority of the Companys common shares present in person or represented by proxy at the Special Meeting.
The voting results of the Special Meeting are as follows:
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.
Date: March 18, 2011