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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
May 26, 2005
Date of Report (Date of earliest event reported)
PAYLESS SHOESOURCE, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
1-14770 43-1813160
(Commission File Number) (IRS Employer Identification No.)
3231 Southeast Sixth Avenue
Topeka, Kansas 66607-2207
(Address of Principal Executive Office) (Zip Code)
(785) 233-5171
(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers
On May 26, 2005, Payless ShoeSource, Inc., a Delaware corporation, issued a
press release announcing the intention of Steven Douglass to leave the Company
in July 2005, Matthew Rubel to become chief executive officer, the reelection of
Steven J. Douglass, Howard K. Fricke and Judith K. Hofer to the Company's Board
of Directors for three years terms, and ratified the appointment of Deloitte &
Touche LLP to serve as the Company's independent registered public accountant
for fiscal year 2005. Mr. Douglass will resign from the Board of Directors
concurrent with his departure from the Company. The full text of the press
release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
Exhibits:
99.1 Press Release, dated May 26, 2005.
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.
PAYLESS SHOESOURCE, INC.
Date: May 26, 2005 By: /s/ Steven J. Douglass
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Steven J. Douglass
Chairman of the Board
and Chief Executive Officer
EXHIBIT INDEX
Exhibit No. Exhibit
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99.1 Press Release, dated May 26, 2005.