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As filed with the Securities and Exchange Commission on October 7, 1996
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):
September 24, 1996
FRETTER, INC.
(Exact name of registrant as specified in its charter)
MICHIGAN 0-14611 38-1557359
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification Number)
incorporation)
12501 GRAND RIVER
BRIGHTON, MICHIGAN 48116
(Address of principal executive offices) (Zip Code)
(810) 220-5000
(Registrant's telephone number, including area code)
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On September 24, 1996, Fretter, Inc. ("Fretter") filed for relief
under chapter 11 of the United States Bankruptcy Code (11 U.S.C. Sections
101-1330) in the United States Bankruptcy Court for the Northern District of
Ohio, Eastern Division, Case No. 96-15177 (the "Bankruptcy Filing"). Pursuant
to the Bankruptcy Filing, the United States Bankrutpcy Court for the Northern
District of Ohio, Eastern Division, has assumed control over substantially all
of the assets of Fretter by leaving the existing directors and officers in
possession but subject to the supervision and orders of such court.
On September 24, 1996, Fretter issued a press release relating to the
Bankruptcy Filing, the text of which is filed as Exhibit 99.1 to this Current
Report on Form 8-K and incorporated herein by reference.
ITEM 7. EXHIBITS.
(c) Exhibits.
99.1 Text of press release dated September 24, 1996
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Fretter has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.
FRETTER, INC.
By /s/ John Hurley
--------------------------------
John Hurley
Chief Executive Officer
Date: October 7, 1996
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EXHIBIT INDEX
EXHIBIT SEQUENTIAL
NUMBER DOCUMENT DESCRIPTION PAGE NUMBER
- ------ -------------------- -----------
99.1 Text of Press Release dated September 24,
1996
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Exhibit 99.1
FRETTER PRESS RELEASE
Fretter, Inc. announced today that it filed for relief under chapter
11 of the United States Bankruptcy Code. The filing was made in the United
States Bankruptcy Court in Cleveland, Ohio, where Fretter owns a number of
parcels of valuable real estate. "Fretter has been in the process of closing
all of its store locations and liquidating its assets to pay creditors over the
past year," a Fretter spokesperson stated. "Although it had been hoped that
the liquidation could be completed without a bankruptcy filing, it became clear
to the Company that, under the circumstances, the liquidation of our remaining
assets and distributions to our creditors could be completed in the most
orderly, efficient manner possible through a chapter 11 filing."
Date: September 24, 1996
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