UNITED STATES
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 26, 2007
Duckwall-ALCO Stores, Inc.
(Exact name of registrant as specified in its charter)
Kansas | | 0-20269 | | 48-0201080 |
(State or other jurisdiction | | (Commission | | (IRS Employer |
of incorporation) | | File Number) | | Identification No.) |
401 Cottage, Abilene, KS | | 67410-2832 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (785) 263-3350
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.
(b) — (e) The Company has terminated Michael S. Marcus, its principal financial officer, effective as of April 26, 2007. The termination was without cause as defined in his employment agreement, and he will be entitled to receive his current base salary for one year from the date of termination in accordance with the Company’s regular payroll practices and continued benefits coverage during such period. He also will be entitled to receive salary through the date of termination, earned vacation pay and any benefits earned under any profit sharing or similar plan through the date of termination, to the extent and in the manner and at such times as provided in such plans. If he obtains employment with a competitor while the Company is making payments to him, his salary continuation payments are subject to reduction by the amount received from the new employer.
Item 7.01 Regulation FD Disclosure.
Attached as Exhibit 99.1, and incorporated into this Item 7.01 by reference, is a press release issued on April 27, 2007 by the Company.
Item 9.01. Exhibits.
(d) Exhibits
99.1 Press Release dated April 27, 2007, furnished solely for the purpose of incorporation by reference into Item 7.01 and 9.01.
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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.
| DUCKWALL-ALCO STORES, INC. |
| | |
Date: April 27, 2007 | By: | /s/ Charles Bogan |
| | Charles Bogan |
| | Vice President & Secretary |
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