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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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JULY 3, 2000
VALLEY MEDIA, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 000-25617 94-2556440
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
1280 SANTA ANITA COURT, WOODLAND, CALIFORNIA 95776
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (530) 661-6600
NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On June 29, 2000, Valley Media, Inc., a Delaware corporation, announced a 22%
reduction of its administrative staff, located primarily at the Company's
Woodland, CA, headquarters. The Company laid off 100 administrative
employees and reduced its Woodland, CA and Louisville, KY operations
workforce by 70 employees on June 30, 2000. In addition, the Company
eliminated 60 open positions. A copy of the press release announcing these
changes is attached as an exhibit to this filing.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
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Exhibit Number Description
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<S> <C>
99.1 Press Release dated June 29, 2000 announcing
staffing reductions to target cost savings.
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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
undersigned hereunto duly authorized.
VALLEY MEDIA, INC.
By: /s/ Barnet J. Cohen
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Barnet J. Cohen
Chairman of the Board and Acting
Chief Executive Officer
Date: July 3, 2000
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