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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 4, 1998
SYMS CORP.
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(Exact name of Registrant as specified in its charter)
NEW JERSEY 1-8546 22-2465228
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
SYMS WAY, SECAUCUS, NEW JERSEY 07094
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(Address of Principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
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(201) 902-9600
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ITEM 5: Other Events.
On May 21, 1998, Syms Corp. (the "Company") issued a clarification of its
May 4, 1998 announcement, reported in Item 5 of the Company's Current Report on
Form 8-K filed on May 5, 1998, regarding its Board of Directors having
authorized the repurchase of an aggregate of up to 15% of its outstanding shares
of common stock from time to time at prevailing market prices during the current
and the following fiscal years ending February 26, 2000.
Reference is made to the news release of the Company, dated May 21, 1998,
attached as an Exhibit hereto and incorporated herein by reference.
ITEM 7: Financial Statements and Exhibits.
(c) Exhibits:
99.1: News Release of the Company dated May 21, 1998.
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SIGNATURE
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.
May 22, 1998
SYMS CORP.
By: /s/ ANTONE F. MOREIRA
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Antone F. Moreira
Vice President, Treasurer and
Chief Financial Officer
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[SYMS LOGO]
AN EDUCATED CONSUMER
IS OUR BEST CUSTOMER(R)
FOR IMMEDIATE RELEASE
CONTACT:
Antone F. Moreira Douglas C. Meyer
Vice President, Treasurer Vice President, Marketing
and Chief Financial Officer
(201) 902-9600 (201) 902-9100
SYMS CORP CLARIFIES SHARE BUY BACK PROGRAM
Secaucus, New Jersey, May 21, 1998. Syms Corp (NYSE:SYM), a leading retailer of
off-price men's, women's and children's clothes, in a clarification of its May
4, 1998 announcement regarding its Board having authorized the Company to
repurchase an aggregate of up to 15% of its outstanding shares of Common Stock
at prevailing market prices during the current and the following fiscal years
ending February 26, 2000, announced today that none of the program's repurchases
will be made privately directly from Syms family members.
Mr. Syms, Chairman of the Board of the Company, who controls approximately 41%
of the outstanding shares, and other Syms family members, may make open market
sales of Syms Common Stock within the volume limitations and other applicable
requirements of Rule 144 while the program is in place. It is not intended that
buybacks under the program be made when Syms family members are selling.
Syms Corp operates a chain of forty "off-price" apparel stores located
throughout the Northeastern and middle Atlantic regions and in the Midwest,
Southeast and Southwest. Each Syms store offers a broad range of first-quality,
in season merchandise bearing nationally and internationally recognized designer
and brand-name labels.
SYMS Corp * One Syms Way, Secaucus, NJ 07094 * (201) 902-9600
