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 3, 2000
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' 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 March 3, 2000, CPI Corp. issued the following press
release:
CPI CORP. ANNOUNCES DIRECTOR'S RESIGNATION
ST. LOUIS, MO, March 3, 2000 - CPI Corp. (NYSE-CPY) today
announced that Mary Ann Krey had resigned from its
Board of Directors as of February 28, 2000, to devote
more time to her other business obligations. Commenting
on Ms. Krey's resignation, Alyn V. Essman, Chairman and
Chief Executive Officer, said "The other members of the
CPI Board and I have accepted Mary Ann's resignation with
regret. We are grateful for her distinguished service
as a Director since 1994 and we look forward to her
continuing friendship."
CPI is a consumer services company operating with $389
million in fiscal 1998 sales, operating approximately
1,185 retail locations, including 1,027 Sears Portrait
Studios in the U.S., Puerto Rico and Canada and 156
Prints Plus wall decor stores.
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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: March 10, 2000
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