LITTLE SWITZERLAND INC/DE
8-K, 1998-12-15
JEWELRY STORES
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<PAGE>
 
                      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)
                               DECEMBER 15, 1998


                            LITTLE SWITZERLAND, INC.
                          --------------------------------
               (Exact name of registrant as specified in charter)


          DELAWARE                   0-19369                 66-0476514
  ------------------------     ----------------------     -----------------
(State or other jurisdiction  (Commission file number)      (IRS employer
      of incorporation)                                   identification no.)


         161-B CROWN BAY CRUISE SHIP PORT, ST. THOMAS, U.S.V.I.  00802
         -------------------------------------------------------------
              (Address of principal executive offices) (Zip code)


       Registrant's telephone number, including area code: (340) 776-2010
                                                           --------------
<PAGE>
 
Item 5 - Other Events
- ---------------------


     Little Switzerland, Inc. (the "Company") issued a press release on December
15, 1998 confirming that it had scheduled an annual meeting of stockholders to
be held on Thursday, February 25, 1999, with a record date of January 8, 1999.
A copy of the Company's press release is attached hereto and incorporated herein
in its entirety.


Item 7 - Financial Statements, Pro Forma Financial Information and Exhibits
- ---------------------------------------------------------------------------

     (c)  Exhibits

     Exhibit 99.1 - Press Release of Little Switzerland, Inc., dated 
     December 15, 1998.


 

                                       2
<PAGE>
 
                                   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 thereunto duly authorized.

                              LITTLE SWITZERLAND, INC.



Date: December 15, 1998       By: /s/ C. William Carey
                                 ------------------------------
                                 C. William Carey
                                 Chief Executive Officer

                                       3
<PAGE>
 
                                 EXHIBIT INDEX

   Exhibit No.  Description
   -----------  -----------

   Exhibit 99.1 --  Press Release of Little Switzerland, Inc., dated 
                    December  15, 1998.

<PAGE>
 
                                                                    Exhibit 99.1



PRESS RELEASE

CONTACTS:
- -------- 
C. William Carey
Little Switzerland, Inc.
(340) 776-2010

Mary Ellen Goodall
Walter Denby
D.F. King & Co., Inc.
(212) 269-5550

FOR IMMEDIATE RELEASE
- ---------------------

     LITTLE SWITZERLAND CONFIRMS ANNUAL MEETING DATE
     -----------------------------------------------

     ST. THOMAS, U.S. VIRGIN ISLANDS, December 15, 1998.....Little Switzerland,
Inc. (NASDAQ:LSVI) today confirmed that it has scheduled an annual meeting of
stockholders to be held on Thursday, February 25, 1999, with a record date of
January 8, 1999.  All record stockholders may submit proposals or nominations to
the Company for the annual meeting by the close of business on December 28,
1998.  Record stockholders making such proposals or nominations also must comply
with the informational and other requirements of the Company's by-laws.

     Little Switzerland, Inc. is a leading specialty retailer of brand name
watches, jewelry, crystal, china, fragrances and accessories, operating 26
stores on ten Caribbean islands, and three stores in Alaska cruise ship
destinations.  The Company's primary market consists of vacationing tourists
attracted by free-port pricing, duty-free allowances and a wide variety of high
quality merchandise.


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