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) September 19,1996
CPI CORP.
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(exact name of registrant as specified in its charter)
Delaware 0-11227 43-1256674
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(State or other jurisdiction (Commission file (IRS Employer
of incorporation) Number) Identification No.)
1706 Washington Avenue, St. Louis, Missouri 63103-1790
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(Address of principal executive offices) (Zip code)
Registrants's telephone number, including area code (314) 231-1575
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(Former name or former address, if changes since last report.)
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ITEM 5. OTHER EVENTS
A. On September 19, 1996, CPI Corp. issued the following press
release concerning the expiration of the Hart-Scott-Rodino
Act waiting period for the previously announced joint venture
with Eastman Kodak Company:
CPI CORP ANNOUNCES EXPIRATION OF HART-SCOTT-RODINO
ACT WAITING PERIOD FOR THE PHOTOFINISH JOINT VENTURE
WITH EASTMAN KODAK COMPANY
ST. LOUIS, MO., September 19, 1996 - CPI Corp. (NYSE-CPY)
today announced that the waiting period under the Hart-Scott-
Rodino Act relating to its preivously announced photo-
finishing joint venture with Eastman Kodak Company expired
at 11:59 p.m. on September 18, 1996 without a request for
additional information from the Justice Department or the
Federal Trade Commission. CPI expects that the remaining
conditions to closing the transaction will be satisfied in
the first half of October.
CPI Corp. is a consumer services company with $526.7 million
in fiscal 1995 sales from continuing operations, operating
over 1,700 retail locations, including 1,020 Sears Portrait
Studios in the U.S., Puerto Rico and Canada, 153 Prints Plus
wall decor locations and 551 CPI/Fox Photo/Proex photo-
finishing locations.
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SIGNATURE
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 thereunto duly authorized.
CPI CORP.
(Registrant)
/s/ Barry Arthur
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Barry Arthur
Authorized Officer and
Principal Financial Officer
Dated: September 25, 1996
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