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): June 11, 1996
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(June 11, 1996)
Ames Department Stores, Inc.
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(Exact Name of Registrant As Specified In Charter)
Delaware
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(State Or Other Jurisdiction Of Incorporation)
1-5380 04-2269444
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(Commission File Number) (IRS Employer Identification No.)
2418 Main Street; Rocky Hill, Connecticut 06067-0801
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(Address Of Principal Executive Offices) (Zip Code)
(860) 257-2000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name Or Former Address, If Changed Since Last Report)
Exhibit Index on Page 4
Page 1 of 8 (Including Exhibits)
Item 5: OTHER EVENTS
Beginning on June 11, 1996, the Company will distribute, to
its banks and other lenders, principal trade vendors and factors,
summaries of its revised financial plan (referred to herein as the
"Revised Plan") for the fiscal year ending January 25, 1997
("Fiscal 1996"). The Revised Plan is attached hereto as Exhibit
20 and is incorporated by reference herein. The Revised Plan
supersedes, in its entirety, the summary financial plan for Fiscal
1996 filed on Form 8-K dated February 21, 1996. The changes
contained in the Revised Plan principally represent a
recalendarization of sales and gross margin during the second half
of Fiscal 1996. The net effect of the adjustments result in no
change to the projected annual sales and net income as
presented in the Form 8-K dated February 21, 1996. The Revised
Plan does not contain any updates to the original projections for
the actual year-to-date sales, gross margin and other normal
operating results incurred.
The Company is distributing the Revised Plan to its banks
and other lenders, principal trade vendors and factors to facilitate
their credit analyses. The Revised Plan should not be relied upon
for any other purpose and should be read in conjunction with the
Company's Form 10-K for the fiscal year ended January 27, 1996
and the Company's Form 10-Q for the first quarter ended April 27,
1996. The Revised Plan is being reported publicly solely because
it is being distributed to a large number of the Company's vendors
for purposes of their credit analyses. Although the Company is
publicly reporting the Revised Plan and expects to continue
reporting its monthly results during Fiscal 1996, the Company
does not believe it is obligated to provide such information
indefinitely, other than as required by applicable regulations, and
may cease making such disclosures and updates at any time.
Moreover, the Company does not believe that it is obligated to
update the Revised Plan to reflect subsequent events or
developments.
The Revised Plan was not prepared with a view toward
compliance with the guidelines established by the American
Institute of Certified Public Accountants or the rules and
regulations of the Securities and Exchange Commission regarding
financial projections. While presented with numerical specificity,
the Revised Plan is based upon a variety of assumptions that
may not be realized and is subject to significant business,
economic and competitive uncertainties and contingencies, many
of which are beyond the control of the Company. Consequently,
the Revised Plan should not be regarded as a representation or
warranty by the Company, or any other person, that the forecasts
contained therein will be realized. Actual results may vary
materially from those presented in the Revised Plan.
Cautionary Statements Relevant to Forward-Looking Information
for Purposes of "Safe Harbor" Provisions of the Private Securities
Litigation Reform Act of 1995
When used in this Form 8-K, in any future filings by the
Company with the Securities and Exchange Commission, in the
Company's press releases and in oral statements made with the
approval of an authorized executive officer, the words or phrases
"will likely result," "are expected to," "will continue," "is
anticipated," "estimate," "projected," "projections," "plans" or
similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to certain risks
and uncertainties that could cause actual results to differ
materially from historical earnings and those presently anticipated
or projected. The Company wishes to caution readers not to
place undue reliance on any such forward-looking statements,
which speak only as of the date made.
Item 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
Exhibit: 20 Fiscal 1996 Revised Summary Financial Plan
INDEX TO EXHIBITS
Exhibit No. Exhibit Page No.
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20 Fiscal 1996 Revised Summary 6
Financial Plan
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 thereunto duly authorized.
AMES DEPARTMENT STORES, INC.
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Registrant
Dated: June 10, 1996 By: /s/ Joseph R. Ettore
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Joseph R. Ettore
President, Director, and
Chief Executive Officer
Dated: June 10, 1996 By: /s/ John F. Burtelow
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John F. Burtelow
Executive Vice President,
Chief Financial Officer
Dated: June 10, 1996 By: /s/ William C. Najdecki
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William C. Najdecki
Senior Vice President,
Finance