SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) December 27, 1999
LAMONTS APPAREL, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-15542 75-2076160
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(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
12413 Willows Road N.E., Kirkland, Washington 98034
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(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including area code: (425) 814-5700
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On December 27, 1999, Lamonts Apparel, Inc. (the "Company") issued a press
release, which is attached to this report as Exhibit 99.1 and is incorporated by
reference herein. See Item 7.
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Item 7. Exhibits.
99.1 Press Release issued by the Company on December 27, 1999.
[REST OF PAGE INTENTIONALLY LEFT BLANK]
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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, thereto duly authorized.
LAMONTS APPAREL, INC.
Date: January 3, 2000 By: /s/ Debbie A. Brownfield
Debbie A. Brownfield
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description
99.1 Press Release issued by the Company on December 27, 1999
LAMONTS PROVIDES CORPORATE UPDATE
KIRKLAND, WASH. - Dec. 27, 1999 - Lamonts Apparel, Inc. (OTC:LMNT), which
operates 38 family apparel stores in five Northwestern states, disclosed today
that it is experiencing liquidity constraints which have prompted the company to
open discussions with its lenders. The company stated it would consider all
options to improve liquidity, including reorganization. The company has
experienced capital constraints for several years, although the situation was
exacerbated recently due to weak spring and summer sales resulting from
unusually cool climatic conditions. According to the company, its lenders have
expressed a willingness to work with it.
Lamonts has not filed its 10-Q for the third quarter.
Lamonts Apparel, Inc. operates 38 family apparel stores in Alaska, Idaho,
Oregon, Utah and Washington. The company is well-known in the Northwest as a
retailer of such brand name apparel as Alfred Dunner, Byer of California, Bugle
Boy, Lee, Levi, Liz Claiborne, Nike, Ocean Pacific, OshKosh, Rafaella, Sag
Harbor and Woolrich. Lamonts is headquartered in Kirkland, Wash. in the greater
Seattle area and employs approximately 1,500 people.
Statements in this press release containing the words "believes,"
"anticipates," "expects," and words of similar import, and any other statements
which may be construed as a prediction of future performance or events,
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties, and other factors that may cause
the actual results, performance, or achievements of the company, or industry
results, to be materially different from any future results, performance, or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, (i) national and local general economic and
market conditions, (ii) demographic changes, (iii) liability and other claims
asserted against the company, (iv) competition, (v) the loss of a significant
number of customers or suppliers, (vi) fluctuations in operating results, (vii)
changes in business strategy or development plans, (viii) business disruptions,
(ix) the ability to attract and retain qualified personnel, (x) ownership of the
company's common stock, (xi) volatility of the company's stock price, (xii) the
additional risk factors identified in the company's Annual Report on Form 10-K
for the fiscal year ended January 30, 1999 and the company's Registration
Statement on Form S-1 (No. 333-44311) initially filed with the SEC on January
15, 1998 (and most recently amended on Aug. 10, 1999), and those described from
time to time in the company's other filings with the SEC, press releases and
other communications. The company disclaims any obligations to update any such
factors or to announce publicly the result of any revisions to any of the
forward-looking statements contained herein to reflect future events or
developments.
