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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 20, 1997
PROFFITT'S, INC.
(Exact name of registrant as specified in its charter)
TENNESSEE
(State or jurisdiction of incorporation)
1-13113 62-0331040
(Commission File Number) (IRS Employer
Identification No.)
P.O. Box 200080, Jackson, Mississippi 39289
(Address of principal executive offices) (Zip Code)
(601) 968-4400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On August 21, 1997, the Registrant announced a two-for-one stock
split of its outstanding shares of Common Stock. The stock split
entitles each shareholder to receive one additional share for each
outstanding share of Common Stock held of record as of the close of
business on October 15, 1997. The additional shares will be
distributed on or about October 27, 1997.
A copy of the press release announcing the stock split is being
filed as Exhibit 99 to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following exhibit is being filed with this
report.
Exhibit Number Description
99 Press Release dated
August 21, 1997
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.
Registrant: PROFFITT'S, INC.
Date: August 22, 1997 By: /s/ Brian J. Martin
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Brian J. Martin, Executive
Vice President of Law and
General Counsel
EXHIBIT INDEX
Exhibit Number Description Page Number
99 Press Release dated
August 21, 1997
PROFFITT'S INCORPORATED
Post Office Box 9388
Alcoa, TN 37701
Phone: (423) 983-7000
Fax: (423) 961-6336
PROFFITT'S, INC. DECLARES 2-FOR-1 STOCK SPLIT
Contact: Julia Bentley
(423) 981-6243
Knoxville, Tennessee (August 21, 1997) -- Department store retailer
Proffitt's, Inc. (NYSE:PFT) today announced a planned 2-for-1 stock
split of the outstanding shares of the Company's Common Stock.
This is the Company's first stock split since becoming a public
company in 1987.
The stock split is to be effected in the form of a stock dividend
and entitles each shareholder to receive one additional share for
each outstanding share of Common Stock held of record as of the
close of business on October 15, 1997. The shares will be
distributed on or about October 27, 1997. Currently, the Company
has approximately 28.6 million shares of Common Stock outstanding.
R. Brad Martin, Chairman and Chief Executive Officer of Proffitt's,
Inc., stated, "This stock split demonstrates our confidence in the
continued growth and bright future of our Company. This action
will enhance the liquidity and provide wider distribution of the
stock and will further increase its visibility in the financial and
investment community."
Proffitt's, Inc. operates 176 stores in 24 states under the names
Proffitt's, McRae's, Younkers, Parisian, and Herberger's. The
Company's annual revenues exceed $2.3 billion.
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