SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K/A
AMENDMENT NO.1
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) December 3, 1999
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CPI CORP.
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(Exact Name of the Registrant as Specified in Charter)
Delaware 001-10204 431256674
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1706 Washington Avenue, St. Louis, Missouri 63103
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(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code (314) 231-1575
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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 December 2, 1999, CPI Corp. issued a press release announcing that
its third quarter earnings will fall far short of expectations. A copy of the
press release is attached hereto as Exhibit 5.1.
On October 7, 1999, CPI updated certain projections contained in its
Proxy Statement dated September 27, 1999, mailed to shareholders in connection
with the meeting to approve the then proposed merger with SPS International Inc.
CPI no longer believes those projections are a reliable indicator of its future
financial performance.
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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.
CPI CORP.
Date: December 3, 1999 By: /s/ Alyn V. Essman
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Name: Alyn V. Essman
Title: Chief Executive Officer
CPI Corp.
news for immediate release FOR RELEASE
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FOR FURTHER INFORMATION, CONTACT:
NAME Alyn V. Essman FROM CPI Corporation
ADDRESS 1706 Washington Ave. CITY St. Louis
STATE, ZIP Missouri 63103 TELEPHONE (314) 231-1575
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FOR FURTHER INFORMATION
AT THE FINANCIAL RELATIONS BOARD
George Zagoudis, Chicago 312/266-7800
After 6:00 p.m. 708/705-7240
Kathy Phelan, New York, NY 212/661-8030
CPI CORP. EXPECTS DISAPPOINTING THIRD QUARTER
St. Louis, MO., December 2, 199 - CPI Corp. (NYSE-CPY) ("CPI") today
announced that its third quarter earnings will fall far short of expectations.
The Company will report a loss for the third quarter when financial statements
become available on or about December 14, 1999. As of December 1, 199, CPI had
9,074,789 common shares outstanding.
CPI is a consumer services company with $389 million in fiscal 1998
sales, operating approximately 1,185 retail locations, including 1,033 Sears
Portrait Studios in the U.S., Puerto Rico and Canada and 152 Prints Plus wall
decor stores.
