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 of earliest event reported) December 20, 1999
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LINENS 'N THINGS, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-12381 22-3463939
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
6 Brighton Road, Clifton, New Jersey 07015
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (973) 778-1300
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Inapplicable
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(Former Name or Former Address, if Changed Since Last Report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
Supplemental Executive Retirement Plan, Split Dollar Agreement and
Collateral Assignment.
Linens 'n Things, Inc. (the "Company") adopted a Supplemental Executive
Retirement Plan, effective as of July 1, 1999. The Company and Norman Axelrod
entered into an Executive Life Program Collateral Assignment Split Dollar
Agreement (the "Split Dollar Agreement") dated as of December 20, 1999, whereby
the Company agreed to Mr. Axelrod's eligibility to participate in the Company's
Executive Life Program and Mr. Axelrod agreed to assign an interest in his life
insurance policy under the Executive Life Program (the "Policy") to the Company
as collateral to secure repayment of the Company's premium payments. In
accordance with the terms of the Split Dollar Agreement, the Company and Mr.
Axelrod executed a Split-Dollar Collateral Assignment whereby Mr. Axelrod
assigned his Policy to the Company as collateral security.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit 99.1 Linens 'n Things, Inc. Supplemental Executive
Retirement Plan.
Exhibit 99.2 Split Dollar Agreement dated as of December 20, 1999,
between Norman Axelrod and the Company.
Exhibit 99.3 Split-Dollar Collateral Assignment between
Norman Axelrod and the Company.
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.
LINENS 'N THINGS, INC.
WILLIAM T. GILES
Dated: March 27, 2000 By: _______________________________
William T. Giles
Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit 99.1 Linens 'n Things, Inc. Supplemental Executive
Retirement Plan.
Exhibit 99.2 Split Dollar Agreement dated as of December 20, 1999,
between Norman Axelrod and the Company.
Exhibit 99.3 Split-Dollar Collateral Assignment between Norman
Axelrod and the Company.