<PAGE>
As filed with the Securities and Exchange Commission on May 26, 1998
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) May 8, 1998
FRETTER, INC.
(Exact Name of Registrant as Specified in Charter)
Michigan 0-14611 38-1557359
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
12501 Grand River
Brighton, Michigan 48116
(Address of Principal Executive Offices) (Zip Code)
(810) 220-5000
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 5. Other Events.
- ---------------------
Fretter, Inc. (the "Company") is filing herewith (i) the Supplemental
Monthly Operating Reports of Debtors and Debtors in Possession for the Period
Ended February 28, 1998 and (ii) the Supplemental Monthly Operating Reports of
Debtors and Debtors in Possession for the Period Ended March 31, 1998 that the
Company filed with the United States Bankruptcy Court for Northern District of
Ohio, Eastern Division on May 8, 1998 in connection with the Company's ongoing
proceeding under chapter 11 of the United States Bankruptcy Code (11 U.S.C.
Sections 101-1330), Case No. 96-15177.
Item 7. Exhibits.
- ------------------
(c) Exhibits.
--------
99.1 Supplemental Monthly Operating Reports of Debtors and Debtors in
Possession for the Period Ended February 20, 1998
99.2 Supplemental Monthly Operating Reports of Debtors and Debtors in
Possession for the Period Ended March 31, 1998
-2-
<PAGE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company 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/ J. Michael McLean
--------------------------------------
J. Michael McLean
Controller
Date: May 22, 1998
-3-
<PAGE>
EXHIBIT INDEX
-------------
<TABLE>
<CAPTION>
Exhibit
Number Document Description
- --------- --------------------------------------------
<S> <C>
99.1 Supplemental Monthly Operating Reports of
Debtors and Debtors in Possession for the
Period Ended February 20, 1998
99.2 Supplemental Monthly Operating Reports of
Debtors and Debtors in Possession for the
Period Ended March 31, 1998
=======================================================
</TABLE>
-4-
<PAGE>
Exhibit 99.1
SUMMARY OF OPERATIONS
---------------------
Period Ended: 2/28/98
Debtor: Fretter, Inc. Case No: 96-15177
Schedule of Postpetition Taxes Payable
--------------------------------------
<TABLE>
<CAPTION>
Beginning Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
--------- -------- --------- -------
<S> <C> <C> <C> <C>
Income Taxes Withheld:
Federal: 0 3,049 3,049 0
State: 2,966 795 2,966 795
Local:
FICA Withheld: 0 1,430 1,430 0
Employers FICA: 0 1,430 1,430 0
Unemployment Tax:
Federal: 183 76 259
State: 1,983 709 2,692
Sales, Use & Excise Taxes 0 0
Property Taxes 77,804 3,578 81,382
Workers' Compensation
Other:
------ ------ ----- ------
TOTALS 82,936 11,067 8,875 85,128
====== ====== ===== ======
</TABLE>
AGING OF ACCOUNTS RECEIVABLE
AND POSTPETITION ACCOUNTS PAYABLE
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Age in Days 0-30 30-60 Over 60
PostPetition
Accounts Payable 87,316
------ ------- ----------
Accounts Receivable 41,940,935
------ ------- ----------
</TABLE>
For all postpetition accounts payable over 30 days old, please attach a sheet
listing each such account, to whom the account is owed, the date the account was
opened, and the reason for non payment of the account.
Describe events or factors occurring during this reporting period materially
affecting operations and formulation of a plan of Reorganization.
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
POST-PETITION PAYABLES OVER 30 DAYS
2/28/98
CITY OF DEARBORN 16,866 TO BE PAID OUT OF CLOSING PROCEEDS
CITY OF STERLING HEIGHTS 19,070 TO BE PAID OUT OF CLOSING PROCEEDS
POST-PETITION SERVICE
CONTRACT REPAIR CLAIM 51,380 PAYMENT TIMING WILL BE PART OF FINAL PLAN
------
87,316
======
<PAGE>
Exhibit 99.2
SUMMARY OF OPERATIONS
---------------------
Period Ended: 3/31/98
Debtor: Fretter, Inc. Case No: 96-15177
Schedule of Postpetition Taxes Payable
--------------------------------------
<TABLE>
<CAPTION>
Beginning Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
--------- -------- --------- -------
<S> <C> <C> <C> <C>
Income Taxes Withheld:
Federal: 0 2,572 2,572 0
State: 795 698 795 698
Local:
FICA Withheld: 0 1,261 1,261 0
Employers FICA: 0 1,261 1,261 0
Unemployment Tax:
Federal: 259 38 297
State: 2,692 525 3,217
Sales, Use & Excise Taxes 0 0
Property Taxes 81,382 3,578 84,960
Workers' Compensation
Other:
------ ----- ----- ------
TOTALS 82,936 9,933 5,889 89,172
====== ===== ===== ======
</TABLE>
AGING OF ACCOUNTS RECEIVABLE
AND POSTPETITION ACCOUNTS PAYABLE
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Age in Days 0-30 30-60 Over 60
PostPetition
Accounts Payable ______ ______ 87,316
Accounts Receivable ______ ______ 41,890,618
</TABLE>
For all postpetition accounts payable over 30 days old, please attach a sheet
listing each such account, to whom the account is owed, the date the account was
opened, and the reason for non payment of the account.
Describe events or factors occurring during this reporting period materially
affecting operations and formulation of a plan of Reorganization.
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
AGING
POST-PETITION PAYABLES OVER 30 DAYS
3/31/98
CITY OF DEARBORN 16,866 TO BE PAID OUT OF CLOSING PROCEEDS
CITY OF STERLING HEIGHTS 19,070 TO BE PAID OUT OF CLOSING PROCEEDS
POST-PETITION SERVICE
CONTRACT REPAIR CLAIM 51,380 PAYMENT TIMING WILL BE PART OF FINAL PLAN
------
87,316
======
