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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) April 23, 1998
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Arden Group, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-9904 95-3163136
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
2020 South Central Avenue, Compton, California 90220
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(Address of Principal Executive Officer) (Zip Code)
Registrant's Telephone Number, Including Area Code (310) 638-2842
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(Former Name or Former Address, if Changed Since Last Report.)
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Item 5. Other Events.
On April 23, 1998, Arden Group, Inc. (the "Company") issued a press release
stating that the Company had received from the Nasdaq Stock Market an extension
of time within which the Class A Common Stock of the Company must meet the new
public float requirement for continued listing on the Nasdaq National Market
System. A copy of such press release is included as Exhibit 99 to this Form
8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99. Press release dated April 23, 1998.
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.
ARDEN GROUP, INC.
(Registrant)
Date: April 24, 1998 By /s/ ERNEST T. KLINGER
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Ernest T. Klinger, Vice President
and Chief Financial Officer
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EXHIBIT INDEX TO FORM 8-K
99. Press release dated April 23, 1998.
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EXHIBIT 99
CONTACT: Ernest T. Klinger
Vice President & CFO FULL NATIONAL and
TELEPHONE: 310/638-2842 FULL ANALYST WIRE
NASDAQ/NMS-ARDNA -----------------
FOR IMMEDIATE RELEASE
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LOS ANGELES, CA April 23, 1998 - Arden Group, Inc. today announced that
the Company has received from the Nasdaq Stock Market an extension of time
within which the Class A Common Stock of the Company must meet the new public
float requirement (effective February 23, 1998) for continued listing on the
Nasdaq National Market System. The Company will be submitting to its
stockholders for consideration at its Annual Meeting of Stockholders, presently
scheduled for June 1998, an amendment to its Restated Certificate of
Incorporation increasing the authorized number of shares of Class A Common Stock
and Class B Common Stock. Subject to stockholder approval of the amendment, the
Company intends, shortly after the Annual Meeting, to effectuate a four-for-one
stock split of each of its Class A Common Stock and Class B Common Stock. The
proposed stock splits would be accomplished by stock dividends of three
additional shares of Class A Common Stock and three additional shares of Class B
Common Stock being distributed to holders of Class A Common Stock and Class B
Common Stock, respectively, for each share of Class A Common Stock and each
share of Class B Common Stock held and would result in the public float of the
Class A Common Stock being in compliance with the new maintenance requirements
for continued listing on the Nasdaq National Market System.
Arden Group, Inc. operates 13 Gelson's and Mayfair supermarkets in Southern
California.
