UNITED STATES
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 (Dates of earliest event reported):
October 10, 2000
CACHE INC.
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(Exact name of registrant as specified in its charter)
Florida 0-10345 59-1588181
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
Incorporation) Number)
1460 Broadway, New York, New York 10036
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(Address of principal executive offices)
Registrant's telephone number: (212) 575-3200
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ITEM 5. OTHER EVENTS
As announced in a press release dated October 10, 2000, Brian Woolf has
been appointed Chairman and Chief Executive Officer and Thomas Reinckens was
promoted to President and Chief Operating Officer, effective as of
October 10, 2000. Andrew Saul, Cache's former chairman, will continue as a
director of the company. The company also announced estimated earnings for
Quarter ended September 30, 2000. A press release issued by the registrant on
October 10, 2000, in which it announced the resignation, is attached hereto as
Exhibit 28.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired
None
(b) Pro Forma Financial Information
None
(c) Exhibits
28.1 Press release issued by Cache, Inc. on October 10, 2000
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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.
Dated: October 19, 2000 CACHE, INC.
By: /s/ Thomas E. Reinckens
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Thomas E. Reinckens
President and Chief Operating Officer
(Principal financial officer of the registrant)
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INDEX OF EXHIBITS
Exhibit Description Page
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28.1 Press Release issued by Cache, Inc 5
on October 10, 2000
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Exhibit 28.1
OCTOBER 10, 2000
FOR IMMEDIATE RELEASE
CACHE, INC.
NASDAQ COMMON STOCK SYMBOL CACH
CACHE ANNOUNCES THE APPOINTMENT OF BRIAN WOOLF AS
CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND ANNOUNCES
THOMAS REINCKENS PROMOTED TO PRESIDENT, CHIEF OPERATING
OFFICER
New York, New York - - October 10, 2000 - Cache, Inc., (NASDAQ:CACH), a
specialty chain of 211 women's apparel stores, announced today the appointment
of Brian Woolf as Chairman and Chief Executive Officer. Mr Woolf joins Cache
from Limited Stores where until recently he held the position Executive Vice
President and General Merchandise Manager.
Separately, the Company announced the appointment of Thomas Reinckens
to the position of President, Chief Operating Officer. Mr. Reinckens previously
held the position of Executive Vice President, Chief Financial Officer at
Cache.
Commenting on the executive changes at Cache, Andrew Saul, former
Chairman,stated "the timing was right to add an executive with the extensive
merchandising experience and leadership qualities Brian Woolf has. I believe
the new executive team led by Brian and Tom will ultimately allow Cache to
reach its true potential."
The Saul family controls approximately 75.6% of the outstanding common
stock of Cache. Andrew Saul will continue as a director of the company.
The Company also announced its expects to report a quarterly loss for
its third quarter, which ended on September 30, 2000, greater than the 8 cents
per share third quarter loss in 1999. The Company expects its nine months
results for the current year will be approximately break even as compared to a
profit of $1,455,000, $.16 cents per share, in 1999. Despite the disappointing
nine-month results, the Company anticipates results for the fourth quarter,
traditionally its strongest quarter, will be profitable. Cache reported profits
of $2,554,000, $.27 cents per share, in the fourth quarter of 1999.
For further information contact Thomas E. Reinckens, Cache, Inc. 1460 Broadway,
New York, New York 10036, (212) 575-3426.
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