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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): MARCH 3, 2000
HomeBase, Inc.
(Exact Name Of Registrant As Specified In Its Charter)
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<S> <C> <C>
DELAWARE 1-10259 33-0109661
(State Or Other Jurisdiction Of (Commission File Number) (IRS Employer Identification No.)
Incorporation)
Support Center Offices
3345 Michelson Drive 92612
Irvine, California
(Address Of Principal Executive Offices) (Zip Code)
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Registrant's Telephone Number, Including Area Code: (949) 442-5000
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ITEM 5. OTHER EVENTS.
On March 3, 2000, HomeBase, Inc. ("HomeBase") issued a press release in the
form attached hereto as Exhibit 99.1. The press release reports that the Board
of Directors has named Herbert Zarkin President and Chief Executive Officer to
succeed Allan P. Sherman, who resigned from these positions.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
c. Exhibits
99.1 March 3, 2000 Press Release of HomeBase.
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Signature
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.
HomeBase, Inc.
By: /s/ John L. Price
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Date: March 6, 2000 John L. Price
Vice President, General Counsel
and Secretary
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EXHIBIT 99.1
Contact: Michele Feller
HomeBase, Inc.
(949) 442-5448
Roger S. Pondel
Pondel/Wilkinson Group
(310) 207-9300
FOR IMMEDIATE RELEASE
HOMEBASE, INC. NAMES HERBERT J. ZARKIN CHIEF EXECUTIVE OFFICER
Irvine, California - March 3, 2000 - HomeBase, Inc. (NYSE:HBI) today
announced that its Board of Directors has named Herbert J. Zarkin President and
Chief Executive Officer to succeed Allan P. Sherman, who has resigned from these
positions.
A Company spokesperson commented, "The Board appreciates Allan Sherman's
contributions over the past 6 1/2 years. Herb Zarkin has been elected President
and Chief Executive Officer and will continue to serve as Chairman of the Board.
Mr. Zarkin is uniquely qualified for this appointment as Chief Executive
Officer. He was President of HomeBase (then the HomeClub division of Zayre
Corp.) from 1986 to 1988, President and Chief Executive Officer of Waban Inc.
(HomeBase's predecessor corporation) from 1993 to 1997, and has been Chairman of
HomeBase, Inc. since July, 1997."
Headquartered in Irvine, California, HomeBase, Inc. operates 88 home
improvement warehouses, averaging 103,000 square feet in 10 western states.
Matters discussed in this press release include forward-looking
statements that involve risks and uncertainties that could cause results to
differ materially from those expressed. Such risks and uncertainties include,
but are not limited to, the company's ability to continue to improve its core
business; the impact of new competitive openings; the development of a new
retail concept; testing of the new retail concept; the company's ability to take
a dominant position in key areas of business or expand upon current businesses;
to achieve significantly higher levels of growth and profitability for the
company; the growth of the home furnishings market; and the factors set forth in
the company's annual report on Form 10-K for the fiscal year ended January 30,
1999 under the heading "Risk Factors" and in the company's other filings with
the Securities and Exchange Commission.
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