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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
MARCH 30, 1998 (MARCH 24, 1998)
Date of Report (Date of earliest event reported)
HECHINGER COMPANY
(Exact name of Registrant as specified in its charter)
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DELAWARE 0-7214 52-1001530
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1801 MCCORMICK DRIVE, LARGO, MARYLAND 20774
(Address of principal executive offices) (Zip Code)
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(301) 341-1000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On March 24, 1998, Hechinger Company issued a press release, a copy of which is
attached hereto as Exhibit 99 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Press Release issued by Hechinger Company on March 24, 1998.
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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 thereunto duly authorized.
Date: March 30, 1998 HECHINGER COMPANY
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Registrant
/S/ HAROLD R. HALL
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Harold R. Hall
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
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EXHIBIT INDEX
The following exhibits are hereby filed as part of this Form 8-K:
Exhibit
Number Description
99 Press Release issued by Hechinger Company on March 24, 1998.
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EXHIBIT 99
HECHINGER COMPANY
1801 MC CORMICK DRIVE
LARGO, MD 20774
(301) 341-1000
FOR IMMEDIATE RELEASE
HECHINGER/BUILDERS SQUARE ANNOUNCES EXECUTIVE APPOINTMENT
LARGO, MARYLAND -- March 24, 1998 -- Hechinger Company today announced that
Mark S. Schwartz has joined the Company as President & Chief Executive Officer.
Mr. Schwartz has over 20 years of retail experience. During the last 15 years
of his career, he has served in positions of increasing responsibility at
Walmart Corporation. His most recent position was President & Director General
of its Super Center operations in Mexico.
In his new role, Mr. Schwartz will continue and expand upon the efforts
initiated by Anthony Petrillo who has been Acting President & Chief Executive
Officer since the Company was acquired by an affiliate of Leonard Green &
Partners, L.P., and combined with Builders Square, formerly a subsidiary of
Kmart Corporation, in September 1997. Mr. Petrillo will continue to assist the
Company as a member of its Board of Directors.
Hechinger Company is the nation's third largest home improvement chain,
operating 255 Hechinger, Home Quarters and Builders Square stores in 29 states
and the District of Columbia. The Company is privately owned by an affiliate
of Leonard Green & Partners, L.P., a Los Angeles-based private merchant banking
firm.
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Contact: Mark R. Adams
Executive Vice President
(301) 925-3007
