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): February 23, 2000
Gottschalks Inc.
_____________________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 1-09100 77-0159791
- ----------------------------------------------------------------------------
(State or Other Jurisdiction (Commission File Number) (IRS Employer
Of Incorporation) Identification No.)
7 River Park Place East, Fresno, California 93720
_____________________________________________________________________
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number including area code: (559) 434-4800
Not Applicable
_____________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report.)
Item 5. Other Events
On February 24, 2000, Gottschalks Inc. issued a press release
announcing (1) record sales and earnings for fiscal 1999, and (2)
the initiation of a stock repurchase program. With respect to the
stock repurchase program, the press release stated the following:
The Company's Board of Directors has authorized the
Company to repurchase up to $2.0 million of
Gottschalks' common stock over the next 12 months.
Under this authorization, which is effective
immediately, the Company may purchase shares from time
to time in the open market or in private transactions,
depending on market price and other considerations. The
repurchases will be funded from working capital. Any
shares repurchased initially will be held as treasury
shares and may be used in connection with the Company's
stock option program and for other general corporate
purposes, including acquisitions.
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.
GOTTSCHALKS INC.
By: /s/ Michael S. Geele
Senior Vice President
Chief Financial Officer
DATED: March 1, 2000
