SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 Date of Report (Date of Earliest Event Reported) JANUARY 22, 1997 MICHAELS STORES, INC. (Exact Name of Registrant as Specified in Charter) DELAWARE 0-11822 75-1943604 (State of (Commission (IRS Employer incorporation) File Number) Identification No.) 8000 BENT BRANCH DRIVE IRVING, TEXAS 75063-6041 P.O. BOX 619566 DFW, TEXAS 75261-9566 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (972) 409-1300 ITEM 8. CHANGE IN FISCAL YEAR Effective as of January 22, 1997, the Board of Directors of Michaels Stores, Inc. (the "Company") authorized and approved a change in the Company's fiscal year end from the Sunday nearest January 31 to the Saturday nearest January 31. As a result of the change, the Company's fiscal year will end on February 1, 1997 rather than February 2, 1997. The financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 1997 will reflect the change in the Company's fiscal year. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MICHAELS STORES, INC. By: /s/ KRISTEN L. MAGNUSON -------------------------------- Kristen L. Magnuson Vice President - Finance and Business Planning Date: January 28, 1997