SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date earliest event reported) August 2, 1995
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Wherehouse Entertainment, Inc.
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(Exact name of registrant as specified in charter)
Delaware 1-8281 95-2647555
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(State or Other (Commission File (IRS Identification
Jurisdiction of Number) Number)
Incorporation
19701 Hamilton Avenue, Torrance, California 90502-1334
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(310)538-2314
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(Former Name or Former Address, if Changed Since Last Report)
This current report contains 4 pages.
<page-2>
Item 3. Bankruptcy Receivership.
Reference is made to the press release of Registrant,
issued on August 2, 1995, which contains information meeting the
requirements of this Item 3, and which is incorporated herein by
this reference. A copy of this press release is attached to this
Form 8-K as Exhibit "A."
<page-3>
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 hereunto duly authorized.
WHEREHOUSE ENTERTAINMENT, INC.
Date: August 4, 1995 By: /s/ Jerry E. Goldress
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Jerry E. Goldress
Chairman of the Board and
Chief Executive Officer
By: /s/ Henry Del Castillo
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Henry Del Castillo
Senior Vice President,
Chief Financial Officer
EXHIBIT "A"
FOR IMMEDIATE RELEASE
CONTACT: WHEREHOUSE ENTERTAINMENT, INC.
Henry Del Castillo, SVP, CFO
(310)538-2314, extension 2350
WHEREHOUSE ENTERTAINMENT, INC.
FILES FOR CHAPTER 11 PROTECTION
TORRANCE, CALIFORNIA (August 2, 1995) - Wherehouse
Entertainment, Inc. and its parent company, WEI Holdings, Inc.
today filed with the United States Bankruptcy Court in Delaware
for protection under Chapter 11 of the U.S. Bankruptcy laws.
"Filing for bankruptcy protection was the best way that we
could assure all of our creditors equitable treatment and provide
the flexibility necessary for our Company to continue to operate
in a highly competitive industry," said Jerry E. Goldress,
Chairman and Chief Executive Officer.
He explained that Wherehouse defaulted on interest and
principal payments to senior lenders totaling $1,652,000 due on
July 31, and also defaulted on a $7,150,000 subordinated debt
payment due August 1.
Wherehouse Entertainment, Inc., a large prerecorded home
entertainment retailer, operates over 300 stores in Arizona,
California, Colorado, Iowa, Minnesota, Montana, Nevada, North
Dakota, Oregon, Utah and Washington. Wherehouse is headquartered
at 19701 Hamilton Avenue, Torrance, California 90502.
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