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 of 1934
Date of Report (Date of earliest event reported) February 22, 1995
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CROWN BOOKS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-11457 52-1227415
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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 2.
This filing contains no exhibits.
<PAGE> 2 of 2
Item 5. Other Events
Robert M. Haft Employment Litigation
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On February 22, 1995, the federal district court in the
employment litigation brought by Robert M. Haft, the former president of
Dart Group Corporation ("Dart Group") and former Chairman of Crown Books
Corporation ("Crown Books") (Robert M. Haft v. Dart Group Corporation, et
al. (D. Del. Civ. Action No. 93-384-SLR)), made the following rulings
against Crown Books:
1) The court found that Robert Haft was entitled to additional
damages in the amount of $2,146,250, plus interest, based on
the failure of Crown Books to deliver 100,000 unrestricted
shares of Crown Books stock to him when he demanded them in
August of 1993.
2) The court found that Robert Haft was entitled to exercise
employee stock options under an employee stock option plan
of Crown Books. As to options that had expired during the
pendency of the case, the court extended the time for
exercise for a period equal to the period from June 30, 1993
to the expiration date. As to options that have not yet
expired, the court extended the exercise date for a period
equal to the period from June 30, 1993 until final judgment
is entered, which the court has not yet done. (Under the
relevant plan, Robert Haft would be entitled to exercise
options for 80,000 Crown Books shares having exercise prices
of $21.45 - $23.93 a share.)
SIGNATURE
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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.
CROWN BOOKS CORPORATION
By: /s/ Robert A. Marmon
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Robert A. Marmon
Chief Financial Officer
Date: March 1, 1995
