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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
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 25, 1999
TWEETER HOME ENTERTAINMENT GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-24091 04-3417513
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
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10 PEQUOT WAY
CANTON, MASSACHUSETTS 02021
(ADDRESS, INCLUDING ZIP CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
Item 5. Other Events
On October 25, 1999, the Registrant announced that its Board of Directors
approved a split of its common stock on a two-for-one basis for shareholders of
record as of November 18, 1999 and with an effective date of December 2, 1999. A
copy of the press released issued by the Registrant on October 25, 1999
regarding the foregoing is filed herewith as Exhibit 99 and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
(a) Exhibits
Exhibit Number
99 Press Release dated October 25, 1999
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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
under-signed hereunto duly authorized.
TWEETER HOME ENTERTAINMENT GROUP, INC.
Registrant
DATED: OCTOBER 25, 1999
By: /s/ Joseph G. McGuire
Joseph G. McGuire
Chief Financial Officer
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Exhibit 99
TWEETER HOME ENTERTAINMENT GROUP ANNOUNCES 2-FOR-1 STOCK SPLIT
CANTON, MA., October 25, 1999 -- Tweeter Home Entertainment Group, Inc. (Nasdaq:
TWTR) today announced that by unanimous written consent on Friday, October 22,
1999 the Board of Directors approved a 2-for-1 stock split payable in the form
of a 100% stock dividend.
Shareholders of record on Friday, November 18, 1999 will receive one additional
share for each share held, to be issued on Thursday, December 2, 1999. "The
stock split reflects the strong performance of Tweeter Home Entertainment Group
stock since we went public in July of 1998, and the continued positive outlook
for both our business and Consumer Electronics industry in general," said
Jeffrey Stone, Tweeter's president and chief operating officer.
Joe McGuire, Tweeter's chief financial officer said "The stock split will
increase our public float in the market, and we expect this to increase the
average daily volume of trading in shares of the company, which we believe will
improve liquidity for all of our shareholders."
Tweeter Home Entertainment Group, Inc. is a specialty retailer of mid to
high-end audio and video consumer electronics products. The Company operates 74
stores under the Tweeter etc, Bryn Mawr Stereo & Video, HiFi Buys, Home
Entertainment and DOW Stereo/Video names in the New England, Mid-Atlantic,
Southeast, Texas and Southern California markets, respectively. The Company's
stores feature an extensive selection of home and car audio systems and
components, portable audio equipment, and home video products, including large
screen televisions, DVD players, digital satellite systems, video cassette
recorders and camcorders.
Tweeter Home Entertainment Group news and financial releases can be found on the
Company's investor relations website at WWW.TWTR.COM. For further information,
please contact Joe McGuire, Chief Financial Officer at (781) 830-3314 voice,
(781) 821-9956 fax, or via email at [email protected]
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Certain statements contained in this press release, including, without
limitation, statements containing the words "expects," "anticipates,"
"believes," and words of similar import, constitute "forward looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward looking statements are subject to various risks and uncertainties,
including those related to Company growth and acquisitions, dependence on key
personnel, the need for additional financing, competition and seasonal
fluctuations, and those referred to in the Company's Annual Report on Form 10-K,
that could cause actual future results and events to differ materially from
those currently anticipated. Readers are cautioned not to place undue reliance
on these forward looking statements.
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To arrange an interview with a senior executive at Tweeter, contact Anne-Marie
Boucher at (781) 830 3478, fax (781) 830 3223 or email at [email protected].
Further information on Tweeter Home Entertainment Group can also be found on the
company's investor relations web site at www.twtr.com.
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