_________________________________________________________________
_________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 4, 1998
PROFFITT'S, INC.
(Exact name of registrant as specified in its charter)
Tennessee 1-13113 62-0331040
(State of incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
750 Lakeshore Parkway
Birmingham, Alabama 35211
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 940-4468
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This Amendment No. 1 on Form 8-K/A is being filed to correct
certain information previously provided on Exhibit 99.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed as a part of this
report:
Exhibit
Number Description
99 Discussion Piece for Financial Analysts' Questions
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.
PROFFITT'S INC.
Date: July 14, 1998 /s/ Julia A. Bentley
_____________________
Julia A. Bentley
(Printed)
Senior Vice President of
Planning and Investor
Relations & Secretary
(Title)
Exhibit 99
DISCUSSION PIECE FOR
FINANCIAL ANALYSTS' QUESTIONS
These materials were derived from public information and were
prepared to respond to anticipated questions about the proposed transaction.
<TABLE>
<CAPTION>
Proffitt's/Saks's
Capital Structure
As of May 2, 1998 ($ in millions)
Pro Forma
Proffitt's Saks Combined
----------------- -------------- -----------------------
$ % $ % $ %
---- ---- ---- ---- ----- -----
<S> <C> <C> <C> <C> <C> <C>
Current portion of
Long-Term Debt $9 4 13
----- ----- -----
Long-Term Debt:
Revolving credit facility 136 195 331
Senior notes 125 125
Real estate debt and
capital leases 79 415 494
5 1/2% convertible notes 276 276
Other long-term debt 14 14
----- ----- -----
Total long-term debt 354 886 1,240
----- ----- -----
Total debt 363 24% 890 50% 1,253 38%
Shareholders' equity 1,121 76% 884 50% 2,005 62%
----- ----- ----- ----- ----- -----
Total capitalization $1,484 100% $1,774 100% $3,258 100%
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</TABLE>
