SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 1-7832
(Check one): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
[ ] Form N-SAR
For period ended November 25, 1995
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the transition period ended:
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
PART I - REGISTRANT INFORMATION
Full name of registrant: Pier 1 Imports, Inc.
Former name if applicable: N/A
Address of principal executive office: 301 Commerce Street, Suite 600
Fort Worth, Texas 76102
PART II - RULE 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
| (a) The reasons described in reasonable detail in Part III of this form
| could not be eliminated without unreasonable effort or expense;
| (b) The subject annual report, semi-annual report, transition report on
| Form 10-K, 20-F, 11-K, or Form N-SAR, or portion thereof will be
[X]-| filed on or before the 15th calendar day following the prescribed due
| date; or the subject quarterly report or transition report on Form
| 10-Q, or portion thereof will be filed on or before the fifth
| calendar day following the prescribed due date; and
| (c) The accountant's statement or other exhibit required by Rule
| 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K,
10-Q, N-SAR or the transition report or portion thereof could not be filed
within the prescribed time period.
After the end of the registrant's 3rd fiscal quarter, but prior to filing
its Form 10-Q for the quarter, the registrant discovered and announced an
approximate $20 million non-recurring loss resulting from inappropriate trading
activities relating to a part of the registrant's excess cash and short-term
investments. The registrant is unable to complete its investigation of the
matter and determine the appropriate accounting treatment for the loss prior to
the prescribed time period to file the Form 10-Q.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
J. Rodney Lawrence (817) 878-8000
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is
no, identify report(s). [X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof? [X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonably
estimate of the results cannot be made.
On December 26, 1995, the registrant announced a non-recurring loss of
approximately $20 million as a result of inappropriate trading activities
relating to a part of the registrant's excess cash and short-term investments.
The registrant has not determined the appropriate accounting treatment for the
loss, including the period during which the loss should be reflected.
PIER 1 IMPORTS, INC.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: January 9, 1996
PIER 1 IMPORTS, INC.
By /s/ J. Rodney Lawrence
J. Rodney Lawrence
Senior Vice President
