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 (Date of Earliest Event Reported): December 28, 2001 SHOE PAVILION, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 0-23669 94-3289691 (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification No.) Incorporation) 3200 Regatta Boulevard Richmond, California 94804 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (510) 970-9775 -1- ITEM 5. OTHER EVENTS. In July 1999, the Company entered into a three-year license agreement with Gordman's, Inc., a Midwestern department store chain. Under the license agreement, the Company operated the shoe departments in each Gordman's Department Store. As of December 31, 2001, the Company operated 38 shoe departments in nine Midwestern states. On June 29, 2002, the initial license agreement with Gordman's will expire, and the Company will discontinue the operation of all 38 of the shoe departments. Net sales from the licensed shoe departments were $14.5 million in the fiscal year ended December 29, 2001. At the conclusion of the license agreement, the Company expects to transfer its inventory to its other 83 stores and warehouse. The Company presently does not anticipate any restructuring or other accounting charges with respect to the discontinuation of the license agreement. -2- ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Not applicable. (b) Not applicable. (c) Exhibits. 99.1 Press Release of Shoe Pavilion dated January 4, 2002 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. SHOE PAVILION, INC. By: /s/ John D. Hellmann -------------------------- John D. Hellmann Vice President and Chief Financial Officer Dated: January 30, 2002 -3-