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): February 4, 1999 CROWLEY MILNER AND COMPANY (Exact name of registrant as specified in its charter) Michigan 1-1594 38-0454910 (State or other (Commission File (IRS Employer jurisdiction of Number) Identification Number) 2301 West Lafayette Boulevard, Detroit, Michigan 48216 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (313) 962-2400 Not applicable (Former name or former address, if changed since last report) INFORMATION TO BE INCLUDED IN REPORT Item 3. Bankruptcy or Receivership. Crowley, Milner and Company (the "Company") issued a press release on February 5, 1999 (the "Press Release"), announcing that it and its wholly-owned subsidiary, Steinbach Stores, Inc. ("Steinbach" and, together with the Company, the "Debtors"), filed voluntary petitions for relief under Chapter 11 of the Federal Bankruptcy Code in the United Stated Bankruptcy Court for the Eastern District of Michigan, Southern Division (the "Court"). Separate Chapter 11 pleadings were filed under the names "In Re Crowley, Milner and Company", case number 99-41767(S) and "In Re Steinbach Stores, Inc.", case number 99-41770(S), but the cases are being administered jointly as case number 99-4167(S). The Debtors are continuing to operate as debtors-in-possession subject to the supervision of the Court. Item 5. Other The Press Release further announced that, subject to Court approval, the Debtors will commence and/or continue clearance sales at the stores operated by both Crowley's and Steinbach as debtors-in-possession pending an orderly wind-down of operations under the protection of the Court. Pending approval by the Court and subject to higher and better bids at a sale of certain of its assets, the Company has agreed to accept an offer from Value City Department Stores, Inc. to acquire five Crowley's stores and three Steinbach stores and related assets necessary to operate such stores. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. 99.1 Press Release issued by Crowley, Milner and Company on February 5, 1999. 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. CROWLEY, MILNER AND COMPANY By: /S/ LANCE P. WIMMER Lance P. Wimmer, President and Chief Executive Officer February 16, 1999 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release issued by Crowley, Milner and Company on February 5, 1999.