BIG V SUPERMARKETS INC
8-K, 1999-03-02
GROCERY STORES
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<PAGE>
 
                                 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):  March 1, 1999

                           BIG V SUPERMARKETS, INC.
- -------------------------------------------------------------------------------
            (Exact Name of Registrant as Specified in its Charter)


                                   NEW YORK
- --------------------------------------------------------------------------------
                (State or Other Jurisdiction of Incorporation)


     1-6814                                              14-1459448
- --------------------------------------------------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)


176 NORTH MAIN STREET
FLORIDA, NEW YORK                                               10921  
- ---------------------------------------               --------------------------
(Address of Principal Executive Offices)                      (Zip Code)   


                                (914) 651-4411
- -------------------------------------------------------------------------------
             (Registrant's Telephone Number, Including Area Code)


                                NOT APPLICABLE
- --------------------------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)
<PAGE>
 
Item 5.   OTHER EVENTS.

     Reference is made to the Press Release, dated February 26, 1999, attached
hereto as Exhibit 99.1 and incorporated herein by reference.


Item. 7.  FINANCIAL STATEMENTS AND EXHIBITS.

          (c)  Exhibits

               99.1  Press Release, dated February 26, 1999
<PAGE>
 
                                  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.


                                               BIG V SUPERMARKETS, INC. 

Dated:    March 1, 1999                        By:  /s/  James A. Toopes, Jr. 
          -------------                             --------------------------
                                                     
                                               Name:  James A. Toopes, Jr.  
                                               Title: Vice Chairman and   
                                                      Executive Vice President- 
                                                      Finance, Administration & 
                                                      Corporate Development   

<PAGE>
 
                               INDEX TO EXHIBITS
                         FILED WITH THE CURRENT REPORT
                        ON FORM 8-K DATED MARCH 1, 1999

Exhibit
 No.                              Description

99.1                     Press Release, dated March 1, 1999

                                                                    Exhibit 99.1

     Florida, New York, February 26, 1999 - Big V Supermarkets, Inc. announces
the appointment of Mark S. Schwartz as President and Chief Executive Officer.
Mr. Schwartz assumes his new responsibilities on March 22, 1999.

     He is currently President and CEO of the Hechinger Company, a home
improvement retail store chain. Prior to his employment with Hechinger, Mr.
Schwartz held numerous senior positions at Wal-Mart over a 15-year period,
including Senior Vice President, Supercenter Stores and President and Director
General of Wal-Mart Supercenters, Aurrea Stores, Mexico.

     "We are extremely pleased to have Mark join the Big V team," said Big V
Chairman, David Bronstein. "He has a proven record of leadership in food and
discount retailing. His diverse experience will strengthen our successful
management team in meeting the challenges of the new decade."

     Founded 56 years ago in Florida, NY, Big V Supermarkets, Inc. owns and
operates 32 ShopRite Supermarkets in the Hudson Valley region of New York State,
northeastern Pennsylvania and northwestern New Jersey. The company is the
largest member of the Wakefern Food Corporation - the largest retailer-owned
food cooperative in the United States. Big V, which employs 5,000 people
principally in New York State, is one of the largest employers in the region.

                                      ###

* * * * * * * * * * * *

CONTACT:  Big V Supermarkets, Inc., Florida, NY                       
          James A. Toopes, Jr.                                        
          Vice Chairman and Executive Vice President-Finance          
          Administration & Corporate Development                      
          914/651-4411                                                 


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