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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date earliest event reported) June 26, 1995
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KMART CORPORATION
(Exact Name of Registrant as Specified in its Charter)
MICHIGAN
(State or Other Jurisdiction of Incorporation)
1-327 38-0729500
(Commission File Number) (I.R.S. Employer Identification No.)
3100 WEST BIG BEAVER ROAD, TROY, MICHIGAN 48084
(Address of Principal Executive Offices) (Zip Code)
(810) 643-1000
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On June 26, 1995, Kmart Corporation and OfficeMax, Inc. issued the press
release attached hereto as Exhibit 99.1.
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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.
KMART CORPORATION
(Registrant)
By: /s/ Thomas F. Murasky
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Thomas F. Murasky
Executive Vice President
and Chief Financial Officer
Date: June 26, 1995
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June 26, 1995
Kmart Corporation
Troy, Michigan
Orren F. Knauer
Investor Relations
(810) 643-1040
OfficeMax, Inc.
Shaker Heights, Ohio
Edward L. Cornell
Exec. Vice President & CFO
(216) 295-6440
OfficeMax, Inc.
Shaker Heights, Ohio
Juris Pagrabs
Director of Investor Relations
(216) 295-6698
FOR IMMEDIATE RELEASE
OFFICEMAX FILES REGISTRATION STATEMENT TO SELL REMAINING
KMART HOLDINGS
Troy, Mich. -- June 26, 1995 -- Kmart Corporation (NYSE: KM) and OfficeMax,
Inc. (NYSE: OMX) jointly announce the filing today with the Securities and
Exchange Commission of a registration statement for the proposed underwritten
public offering of 14,235,000 shares of OfficeMax common stock. In the proposed
offering, Kmart, a 25 percent shareholder of OfficeMax, will sell all of its
12,535,684 common shares and would receive the resulting net proceeds.
These secondary shares are already included in OfficeMax shares currently
outstanding.
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OFFICEMAX FILES REGISTRATION STATEMENT TO SELL
REMAINING KMART HOLDINGS 2-2-2-2
OfficeMax has granted the underwriters an over-allotment option, exercisable
within 30 days of the original issuance, to purchase up to 2,135,250 additional
shares. OfficeMax will also sell 1,699,316 of its common shares in the offering.
The net proceeds received by OfficeMax will be used to fund its expansion
program and for general working capital purposes.
Last November, OfficeMax completed its initial public offering, at which time
Kmart reduced its holdings from approximately 90 percent to 25 percent and
received all proceeds from that offering.
The managing underwriters for the offering are Donaldson, Lufkin & Jenrette
Securities Corporation, Dean Witter Reynolds Inc., Morgan Stanley & Co.,
McDonald & Company Securities, Inc. and William Blair & Company. A copy of the
preliminary prospectus may be obtained from: Donaldson, Lufkin & Jenrette
Securities Corporation, 140 Broadway, New York, NY 10005
OfficeMax operates over 400 superstores in over 150 markets in 41 states
and Puerto Rico. The Company's chain of superstores provides an extensive
selection of quality name-brand and private-label merchandise, including paper
goods, business electronics, computers and accessories, furniture and general
office supplies. OfficeMax also owns an approximate 20% interest in Corporate
Express, Inc. (NASDAQ: CEXP), one of the country's largest contract stationers.
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Kmart Corporation serves America with approximately 2,500 retail outlets
including Kmart and Builders Square. In addition to serving all 50 states,
Puerto Rico and the U.S. Virgin Islands, Kmart operations extend to Canada, the
Czech Republic and Slovakia and, through joint ventures, to Mexico and
Singapore.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted, prior to the time
the registration statement becomes effective. This communication shall not
constitute an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
