UNITED STATES
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: May 29, 2001
Date of Earliest Event Reported: May 24, 2001
DOLLAR TREE STORES, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER: 0-25464
VIRGINIA 54-1387365
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
500 Volvo Parkway
Chesapeake, VA 23320
(Address of principal executive offices)
Registrant's telephone number, including area code: (757) 321-5000
Item 5. Other Events and Regulation FD Disclosure.
On May 24, 2001, Dollar Tree Stores, Inc. held its Annual Meeting of
Shareholders and issued a press release following the meeting. A copy of the
press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated
herein by this reference.
Item 7: Financial Statements and Exhibits.
(c) Exhibits
Exhibit # Description
99.1 Dollar Tree Stores, Inc.'s press release issued May 24, 2001.
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.
DATE: May 29, 2001
DOLLAR TREE STORES, INC.
By: /s/ Frederick C. Coble
--------------------------------
Frederick C. Coble
Chief Financial Officer
Exhibit 99.1
DOLLAR TREE STORES, INC. HOSTS ANNUAL
SHAREHOLDERS MEETING
CHESAPEAKE, Virginia - May 24, 2001 -- Dollar Tree Stores, Inc. (Nasdaq: DLTR),
the nation's largest $1.00 discount variety store chain, held its Annual Meeting
of Shareholders today at the Norfolk Waterside Marriott in Norfolk, Virginia.
In official business, the shareholders re-elected H. Ray Compton, John F. Megrue
and Alan L. Wurtzel to serve on the Board of Directors.
Macon Brock, President and CEO, reviewed Dollar Tree's performance in 2000 and
provided an outlook for 2001. In discussing sales for the second quarter of
2001, Brock stated that previous guidance was that comparable store sales could
be down as much as 10%, but added, "we are tracking somewhat better than that at
this time." He also added that sales at comparable stores continue to be down
compared with last year due to the economic slowdown.
Dollar Tree Stores, Inc. is the nation's leading $1.00 discount variety store
chain. As of May 22, 2001, Dollar Tree operates 1,806 stores in 36 states, with
distribution centers in Virginia, Mississippi, Illinois, California, Georgia and
Pennsylvania. Dollar Tree expects to add approximately 250 net new stores in
2001.
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: This press release contains
"forward-looking statements" as that term is used in the Private Securities
Litigation Reform Act of 1995 regarding our comparable store sales for the
second quarter of 2001 and our projected net new stores for 2001. These
forward-looking statements are subject to numerous risks and uncertainties which
may affect us including: the difficulties in adding and operating larger stores,
with which we have less experience; economic and weather conditions; the
difficulties in managing our aggressive growth plans; the uncertainties
associated with opening stores on a timely basis; possible difficulties in
meeting our sales and other expansion goals and anticipated comparable store net
sales; inflation, competition and other adverse economic factors; and the
capacity and performance of our distribution system and our ability to expand
its capacity in time to support our net sales growth. For a discussion of the
risks, uncertainties and assumptions that could affect our future events,
developments or results, you should carefully review the "Management's
Discussion and Analysis of Financial Condition and Results of Operations" and
"Business" sections in our Annual Report on Form 10-K filed March 30, 2001.
Also, carefully review "Risk Factors" in our most recent prospectuses filed
November 15, 2000 and August 3, 2000. In light of these risks and uncertainties,
the future events, developments or results described by our forward-looking
statements in this document could turn out to be materially different from those
we discuss or imply.
CONTACT: Dollar Tree Stores, Inc., Chesapeake, VA
Eric Coble or Erica Robb, 757/321-5000
www.DollarTree.com