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8-K Filing
Tractor Supply (TSCO) 8-KAcquisition or disposition of assets
Filed: 15 Jan 02, 12:00am
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):
January 15, 2002 (December 31, 2001)
TRACTOR SUPPLY COMPANY
Delaware | 000-23314 | 13-3139732 | ||
(State or Other Jurisdiction of | (Commission File Number) | (I.R.S. Employer | ||
Incorporation or Organization) | Identification No.) |
320 Plus Park Boulevard, Nashville, Tennessee | 37217 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (615) 366-4600
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Item 2. Acquisition or Disposition of Assets | ||||||||
Item 7. Financial Statements and Exhibits | ||||||||
SIGNATURE |
Item 2. Acquisition or Disposition of Assets
On December 31, 2001, Tractor Supply Company (the “Company”), through a recently formed Joint Venture with Great American Group, Gordon Brothers Retail Partners, LLC and DJM Asset Management LLC, was the successful bidder at a liquidation bankruptcy auction for the buildings, improvements, fixtures and lease rights of certain retail stores formerly operated by Quality Stores, Inc., a debtor and debtor in possession under Chapter 11 of the United States Bankruptcy Code.
The bid, which has been approved by the United States Bankruptcy Court for the Western District of Michigan, provides for the Joint Venture to act as exclusive agent for the disposition of substantially all of the store assets located in New York, Pennsylvania, Virginia, Maryland, West Virginia, Delaware, Kentucky, Ohio, Indiana and Michigan. The bid totaled $34 million and was funded entirely through the Company’s existing revolving credit facility.
Under its agreement with the other Joint Venture partners, the Company has agreed to purchase the buildings for approximately 25 retail stores, to assume the building lease rights for approximately 60 additional retail stores and to purchase the related equipment, furniture and fixtures. After a complete liquidation of the existing inventory by other members of the joint venture, the Company expects to reopen approximately 85 retail stores in its own format by the middle of 2002.
Item 7. Financial Statements and Exhibits
(a) Financial statements
Not applicable. |
(b) Pro Forma Financial Information
Not applicable. |
(c) Exhibits
Not applicable. |
SIGNATURE
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 thereunto duly authorized.
TRACTOR SUPPLY COMPANY | ||||||
Date: | January 15, 2002 | By: | /s/ Calvin B. Massmann Calvin B. Massmann Senior Vice President- Chief Financial Officer and Treasurer (Duly Authorized Officer and Principal Financial Officer) |
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