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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) October 6, 1997
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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 (I.R.S. 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).
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Item 5. Other Events
On October 6, 1997, Trak Auto Corporation ("Trak"), a majority
owned subsidiary of Dart Group Corporation ("Dart"), announced that Trak and
certain of its affiliates had entered into a Purchase Agreement (the "Purchase
Agreement") with CSK Auto, Inc. ("CSK") pursuant to which Trak has agreed to
convey to CSK the assets (including Inventory, Leases and Fixtures (as
described in the Purchase Agreement)) relating to the business (the "Business")
conducted by Trak in its retail discount auto parts stores in the Los Angeles,
California metropolitan area (the "Transaction"). CSK will acquire the assets
of the Business for an aggregate purchase price of $38,000,000, subject to
downward adjustment based upon the value of the inventory conveyed at the
Closing of the Transaction. Trak will retain all existing liabilities related
to the assets and Business.
Reference is made to the Current Report on Form 8-K filed by
Trak concurrently herewith for a fuller description of the proposed
transaction. Copies of the Purchase Agreement and the Press Release issued on
October 6, 1997 by Trak with respect to the Transaction are attached as
Exhibits to the Current Report on Form 8-K filed by Trak. The description of
the Purchase Agreement and Transaction set forth herein does not purport to be
complete and is qualified in its entirety by the provisions of the Purchase
Agreement.
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 hereunto duly authorized.
DART GROUP CORPORATION
By: /s/ Mark A. Flint
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Mark A. Flint
Senior Vice President and
Chief Financial Officer
Date: October 22, 1997
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