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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
Date of Report (Date of Earliest Event Reported): June 9, 2000
MICHAELS STORES, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 0-11822 75-1943604
(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
8000 BENT BRANCH DRIVE
IRVING, TEXAS 75063-6041
P.O. BOX 619566
DFW, TEXAS 75261-9566
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (972) 409-1300
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ITEM 5. OTHER EVENTS.
On June 9, 2000, Michaels Stores, Inc. issued a press release announcing
that it has elected to redeem all of its outstanding 4 3/4% / 6 3/4% Step-up
Convertible Subordinated Notes Due 2003 (the "Securities"). As described
more fully in the press release, holders of the Securities may submit their
Securities for conversion into shares of the Company's common stock prior to
5:00 p.m. Eastern Time on June 22, 2000. All Securities not submitted for
conversion by such time will be automatically redeemed on June 29, 2000. A
copy of the press release is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits:
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<CAPTION>
Exhibit
Number Description
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<S> <C>
99.1 Press Release, dated June 9, 2000 (filed herewith)
</TABLE>
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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.
MICHAELS STORES, INC.
By: /s/ Bryan M. DeCordova
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Bryan M. DeCordova
Executive Vice President --
Chief Financial Officer
Date: June 12, 2000
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INDEX TO EXHIBITS
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<CAPTION>
Exhibit
Number Description
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<S> <C>
99.1 Press Release, dated June 9, 2000 (filed herewith)
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