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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): February 27, 1998.
SAKS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-14346 52-1685667
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Identification No.)
Incorporation)
12 East 49th Street
New York, NY 10017
(Address of Principal Executive Offices)
(212) 940-4048
(Registrant's telephone number, including area code)
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Item 5. Other Events
In a press release dated March 4, 1998, Saks Holdings, Inc., the holding
company for Saks Fifth Avenue (the "Company"), reported its financial results
for the fourth quarter and fiscal year ended January 31, 1998 and sales results
for the four weeks ended February 28, 1998. A copy of the press release is
included as Exhibit 99.01 hereto and incorporated by reference herein.
On February 27, 1998, the Company's Board of Directors adopted certain
amendments to the Company's Bylaws to promote more orderly procedures for annual
meetings of stockholders. The following description of the amendments does not
purport to be complete and is qualified in its entirety by reference to the
Bylaws, as amended, which are attached hereto as Exhibit 3.02 and incorporated
herein by reference.
The amendments, which are effective immediately, require that stockholders
provide advance notice of director nominations or other business which they
would like to have brought before an annual meeting. Under the amendments, a
stockholder generally must deliver notice to the Secretary of the Company not
less than 90 days nor more than 120 days before the anniversary date of the
prior year's annual meeting. If the date of the annual meeting is advanced more
than 30 days or delayed more than 90 days from the anniversary date of the prior
year's meeting, notice by the stockholder to be timely must be delivered not
later than the close of business on the later of the 90th day prior to the
annual meeting or the tenth day following the day on which the date of the
meeting is publicly announced. The amendments also require that the
stockholder's notice include certain information, such as the name of and
background information about any stockholder nominee for director.
The Company's 1997 annual meeting was held on June 16, 1997.
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(c) Exhibits.
Exhibit No. Document
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3.02 Bylaws of Saks Holdings, Inc. as
amended on February 27, 1998.
99.01 Press Release dated March 4, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Current Report on Form 8-K to be
signed on its behalf by the undersigned hereunto duly authorized.
SAKS HOLDINGS, INC.
By: /s/ Mark E. Hood
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Name: Mark E. Hood
Title: Senior Vice President and
Chief Accounting Officer
Dated: March 10, 1998
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EXHIBIT INDEX
Sequentially Numbered
Exhibit No. Document Page
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3.02 Bylaws of Saks Holdings,
Inc. as amended on
February 27, 1998
99.01 Press Release dated March 4,
1998.
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