Ross Stores 8-K 2013
UNITED STATES SECURITIES AND EXCHANGE
Date of report (date of earliest event
ROSS STORES, INC.
4440 Rosewood Drive, Pleasanton,
Registrants telephone number, including
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):
On October 15, 2013, a subsidiary of Ross Stores, Inc. (together with Ross Stores, Inc., the Company) entered into a Sale-Purchase Agreement (the Purchase Agreement) under which the Company has the right to purchase the office building where its New York buying office is located, 1372 Broadway, New York, NY, for a price of $222 million. The building is subject to a 99 year ground lease through June 2111. The Purchase Agreement contemplates completion of the sale and purchase of the building on or before September 20, 2014, subject to satisfaction of various closing conditions. Under the Purchase Agreement, the Company agreed to provide a deposit of 10% of the purchase price. In the event the Company is unable or chooses not to complete the purchase of the building, the Company would forfeit the deposit, but the Company would have no further liability to the seller or obligation to complete the purchase. The Company is reviewing its financing alternatives for the potential purchase of the building in 2014.
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: October 18, 2013