FORM 8-K
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
June 1, 2000
(Date of Report, date of earliest event reported)
Stage Stores, Inc.
(Exact name of registrant as specified in its charter)
Commission file number 001-14035
DELAWARE 76-0407711
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identifications No.)
10201 Main Street, Houston, 77025
Texas (Zip Code)
(Address of principal executive
offices)
(713) 667-5601
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
ITEM 3. Bankruptcy or Receivership.
The Company filed for protection under Chapter 11 of Title
11 of the United States Bankruptcy Code ("Chapter 11") on June 1,
2000 in the United States Bankruptcy Court for the Southern
District of Texas ( the "Court"), Case No. 00-35078-H2-11. The
Company has negotiated a $450.0 million debtor-in-possession
financing agreement (the "DIP Financing") with a lender to
finance the Company's working capital requirements during Chapter
11 reorganization proceedings. On June 2, 2000, the Court
approved among other things, the proposed DIP Financing subject
to certain conditions. Under the Court's Interim Order, the Court
limited the amount available under the DIP Financing to $385.0
million pending a Final Order.
Under Chapter 11, the Company will operate its business as
debtor-in-possession, subject to the approval of the Bankruptcy
Court for certain proposed actions. Additionally, one or more
creditor committees will be formed and would have the right to
review and object to any non-ordinary course of business
transactions and participate in the formulation of any plan or
plans of reorganization.
ITEM 5. Other Events.
On June 6, 2000, the New York Stock Exchange informed the
Company that the trading of the Company's stock will be suspended
immediately. Following the suspension, application will be made
by the New York Stock Exchange to the Securities and Exchange
Commission to delist the Company's stock.
A press release regarding the Company announcing the $450
million debtor-in-possession credit agreement and certain other
matters was issued by the Company on June 7, 2000 and is attached
hereto as Exhibit 99.1.
ITEM 7. Financial Statements and Exhibits.
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
99.1 Press release dated June 7, 2000 issued by the
Company.
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.
STAGE STORES, INC.
June 8, 2000 /s/ Charles M. Sledge
(Date) Charles M. Sledge
Senior VP Finance, Treasurer
and Secretary
