UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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 20, 1994
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DART GROUP CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-1946 53-0242973
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3300 75th Avenue, Landover, Maryland 20785
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (301) 731-1200
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(Former name or former address, if changed since last report.)
The total number of sequentially numbered pages is 2.
This filing contains no exhibits.
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Item 5. Other Events
On September 20, 1994, a federal district court jury in the
employment litigation brought by Robert M. Haft, the former president of
Dart Group Corporation (the "Corporation") (Robert M. Haft v. Dart Group
Corporation, et al. (D. Del. Civ. Action No. 93-384-SLR)), found that the
Corporation had breached its employment contract with Robert M. Haft and
awarded him damages against the Corporation (equivalent to the compensation
projected to be due under the remaining term of the employment contract) in
the amount of $18,856,964. The jury also found that the Corporation's
majority-owned subsidiary, Crown Books Corporation, had breached an
employment agreement with Robert Haft and awarded him damages (equivalent to
the compensation projected to be due under that employment contract) against
Crown Books in the amount of $12,800,910. The jury also found that Robert
Haft did not voluntarily terminate his employment within the meaning of his
Incentive Stock Agreement with Crown Books, and therefore Crown Books does
not have the right to repurchase 100,000 shares of incentive stock at their
original issue price. Robert Haft is expected to ask the judge presiding
over the case to award him additional damages in the amount of approximately
$2.4 million based on the failure of Crown Books to deliver 100,000
unrestricted shares of Crown Books stock to him when he demanded them in
August of 1993.
The Corporation and Crown Books are considering their
options, including seeking to overturn the verdict in the District Court and
taking an appeal.
SIGNATURE
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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.
DART GROUP CORPORATION
By: /s/ Ron Marshall
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Name: Ron Marshall
Title: Chief Financial Officer
Date: September 26, 1994
