UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): SEPTEMBER 3, 2002
MTS, INCORPORATED
| CALIFORNIA (State or other jurisdiction of incorporation or organization) | 333-54035 (Commission File Number) | 94-1500342 (I.R.S. Employer Identification No.) |
| 2500 DEL MONTE STREET | 95691 | ||||
| WEST SACRAMENTO, CALIFORNIA | |||||
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (916) 373-2502
| ITEM 5. OTHER EVENTS | ||||||||
| ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. | ||||||||
| SIGNATURES | ||||||||
| INDEX TO EXHIBITS | ||||||||
| EXHIBIT 10.13 | ||||||||
ITEM 5. OTHER EVENTS
On August 30, 2002, MTS, Incorporated, dba Tower Records (“Tower”), entered into an agreement to extend the closing date of the sale of its Japanese operations. This letter agreement amends the stock purchase agreement covering the sale of Tower’s Japanese operations and provides for an extension of the closing deadline from August 30, 2002 to September 13, 2002, in order to complete all documentation related to the sale of Tower’s Japanese operations and the refinancing of Tower’s senior credit facility.
The letter agreement is attached hereto as EXHIBIT 10.13 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
| (c) | EXHIBITS |
| Exhibit No. | Description | |
| 10.13 | Letter Agreement dated as of August 30, 2002 between the registrant and Vespasianus Co., Ltd. (“Vespasianus”) amending that certain Stock Purchase Agreement dated as of April 11, 2002 between the registrant and Valtona Holding B.V. (“Valtona”), as assigned to Vespasianus by Valtona |
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.
| MTS, Incorporated | ||||
| September 3, 2002 | By: | /s/ DeVaughn D. Searson DeVaughn D. Searson Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | ||
INDEX TO EXHIBITS
| Exhibit No. | Description | |
| 10.13 | Letter Agreement dated as of August 30, 2002 between the registrant and Vespasianus Co., Ltd. (“Vespasianus”) amending that certain Stock Purchase Agreement dated as of April 11, 2002 between the registrant and Valtona Holding B.V. (“Valtona”), as assigned to Vespasianus by Valtona |
