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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act 1934
Date of Report (Date of earliest event reported) October 3, 1994
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TRAK AUTO CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-12202 52-1281465
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3300 75th Avenue, Landover, Maryland 20785
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (301) 731-1200
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(Former name or former address, if changed since last report.)
The total number of sequentially numbered pages is 4.
This filing contains one exhibit.
Page 1 of 4
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Item 1. Changes in Control of Registrant
The discussion under the caption "Stock Options" in Item 5 of this
Current Report on Form 8-K is incorporated herein by reference.
Item 5. Other Events
Appointment of Chief Financial Officer
Robert A. Marmon has been appointed to the position of Treasurer and
Chief Financial Officer of Dart Group Corporation (the "Corporation") and its
subsidiary corporations (excluding Shoppers Food Warehouse Corporation), Chief
Financial Officer of Crown Books Corporation and its subsidiary corporations,
and Principal Financial Officer of Trak Auto Corporation (the "Company") and
its subsidiary corporations. Mr. Marmon is serving in these positions pursuant
to a consulting agreement that has a term of seven months commencing October 1,
1994. For further information please see the Corporation's News Release
attached hereto as Exhibit 28.1, which is hereby incorporated by reference.
Stock Options
On October 3, 1994, Dart Group Corporation filed an Answer in Ronald
S. Haft v. Dart Group Corporation, Del. Ch. 13736 (filed September 12, 1994),
rejecting the validity of options sought to be exercised by Ronald S. Haft to
purchase, at an exercise price of $89.65 per share, 197,048 shares of Dart
Group Corporation's Class B Common Stock.
Executive Committee
The Board of Directors of the Company has created an Executive
Committee of the Board of Directors to conduct corporate affairs with respect
to matters that are the subject of dispute between the present Chairman and the
present President of the Corporation. The directors appointed to the Executive
Committee are Douglas M. Bregman, H. Ridgely Bullock, Larry Schafran and Bonita
Wilson. Any and all actions of the Executive Committee are required to be
without a dissenting vote.
Item 7. Exhibits
28.1 Dart Group Corporation News Release page 4
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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.
TRAK AUTO CORPORATION
October 12, 1994 Robert A. Marmon
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Date ROBERT A. MARMON
Principal Financial Officer
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DART GROUP PRESS RELEASE
Contact: Stanley Rubenstein
212-297-6108
DART GROUP CORPORATION
APPOINTS NEW CHIEF FINANCIAL OFFICER
Landover, MD, October 11, 1994 ... Dart Group Corporation (NASDAQ:
DARTA), has announced the appointment of Robert A. Marmon as its Chief
Financial Officer. Mr. Marmon will also serve as Chief Financial Officer for
Crown Books Corporation and Principal Financial Officer for Trak Auto
Corporation and certain other companies in which Dart or its majority owned
subsidiaries hold majority interests.
Mr. Marmon, 50, of Merion Pennsylvania is a management consultant. He
is a McKinsey & Company, Inc. alumnus and was an executive with The Palmieri
Company from 1973 to 1988. The Palmieri Company specializes in managing
companies and assets to restore or improve their values. As a Palmieri
executive, Mr. Marmon served as Chief Financial Officer of both public and
private companies.
Dart owns approximately 51% of Crown Books, 65% of Trak Auto, 50% of
Shoppers Food Warehouse, and 100% of Dart Group Financial, Cabot-Morgan Real
Estate Company and Total Beverage.
Trak Auto operates 292 parts stores including 96 Super Trak stores and
three Super Trak Warehouse stores in the Washington, D.C.; Richmond, Virginia;
Chicago, Illinois; and Los Angeles, California metropolitan areas. Crown Books
operates 234 book stores including 68 Super Crown Books stores in the
Washington, D.C. area; California; Houston, Texas; Chicago, Illinois; and
Seattle, Washington. Shoppers Food Warehouse operates 35 stores in the
Washington, D.C. metropolitan area. Cabot-Morgan has interests in shopping
centers in the Washington, D.C. metropolitan area. Dart Group Financial buys
and holds bankers' acceptances. Total Beverage operates three beverage super
stores in the Washington, D.C. metropolitan area.
CORPORATE HEADQUARTERS: 3300 75TH AVENUE, LANDOVER, MD 20875
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