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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): JANUARY 26, 1998
CML Group, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-12628 04-2451745
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(Commission File Number) (I.R.S. Employer Identification No.)
524 Main Street
Acton, Massachusetts 01720
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(Address of Principal Executive Offices) Zip Code
(978) 264-4155
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On January 26, 1998, CML Group, Inc. (the "Company") announced that its
Board of Directors is conducting a comprehensive review of the Company's
strategic alternatives. In conjunction with that review, the Company has engaged
Lehman Brothers to assist in identifying and evaluating opportunities for
maximizing shareholder value, including possible sale, recapitalization, and/or
joint venture opportunities for the Company and/or its two operating divisions.
The Company also announced a number of organizational changes undertaken in
conjunction with the strategic review.
The foregoing description of the announcement is qualified in its
entirety by reference to the full text of the Company's press release which is
filed as Exhibit 99 to this Current Report on Form 8-K and incorporated herein
by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) EXHIBITS.
See Exhibit Index attached hereto.
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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.
Date: January 27, 1998 CML GROUP, INC.
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(Registrant)
By: /s/ Glenn E. Davis
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Glenn E. Davis
Vice President, Finance, Chief Financial
Officer and Treasurer
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EXHIBIT INDEX
Exhibit
Number Description
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99 Press Release dated January 26, 1998.
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