<PAGE>
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
December 7, 1998
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Date of Report (Date of earliest event reported)
Factory Card Outlet Corp.
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(Exact name of registrant as specified in its charter)
Delaware 21859 36-3652087
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2727 Diehl Road, Naperville, Illinois 60563
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(address of principal executive offices) (Zip Code)
(630) 579-2000
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(Registrant's telephone number)
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Item 5. Other Events.
On December 7, 1998, Factory Card Outlet Corp. (the "Registrant") announced
the resignation of its Vice President/Finance, Thomas W. Stoltz; and the
appointment of an interim Chief Financial Officer, Frederick G. Kraegel,
effective December 11, 1998.
A copy of the Registrant's press release, dated December 7, 1998, is
attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
<TABLE>
<CAPTION>
Exhibit No. Description
- ---------- -----------
<S> <C>
99.1 Press Release of Factory Card Outlet Corp. issued December 7,
1998.
</TABLE>
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FACTORY CARD OUTLET CORP.
______________________________________
Stewart M. Kasen
Dated: December 7, 1998 President and Chief Executive Officer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
- ---------- -----------
<S> <C>
99.1 Press Release of Factory Card Outlet Corp. issued November 24,
1998
</TABLE>
<PAGE>
Exhibit 99.1
Contact: Stewart Kasen Carol Travis
Factory Card Outlet Factory Card Outlet
CEO and President Vice President/Secretary
(630) 579-2727 (630) 579-2288
FOR IMMEDIATE RELEASE
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FACTORY CARD OUTLET ANNOUNCES RESIGNATION
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OF VICE PRESIDENT/FINANCE
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NAPERVILLE, IL, December 7, 1998 --- Factory Card Outlet Corp. (NASDAQ:FCPY)
announced today Thomas W. Stoltz, the Company's Vice President, Finance, will
resign effective December 11, 1998 to pursue another job opportunity. The
Company has hired Frederick G. Kraegel to perform the responsibilities of Chief
Financial Officer on an interim basis while the Company explores a potential
replacement for Mr. Stoltz.
Stewart M. Kasen, the Company's Chairman, President and Chief Executive Officer,
said "We are pleased to have Fred Kraegel join our team. Fred most recently was
President of First North American National Bank, a subsidiary of Circuit City
Stores, Inc., and he has held senior finance positions at Best Products Co.,
Inc. and P.A. Bergner & Co. (now Carson Pirie Scott & Co.)"
Factory Card Outlet is a chain of company-owned superstores offering a vast
assortment of party supplies, greeting cards, gift wrap and other special
occasion merchandise at everyday value prices. The Company currently operates
213 company-owned stores in 23 states.
