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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)
April 1, 1999
LITTLE SWITZERLAND, INC.
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(Exact name of registrant as specified in charter)
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Delaware 0-19369 66-0476514
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(State or other (Commission file number) (IRS employer
jurisdiction of incorporation) identification no.)
161-B Crown BaybCruise Ship Port, St. Thomas, U.S.V.I. 00802
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (340) 776-2010
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Item 5 - Other Events
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Little Switzerland, Inc. (the "Company") issued a press release on April 1,
1999 announcing that Seymour Holtzman informed the Company that he will not
stand for election at the annual meeting of stockholders scheduled for April 7,
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
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(c) Exhibits
Exhibit 99.1 - Press Release of Little Switzerland, Inc., dated April 1,
1999.
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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: April 2, 1999 By: /s/ C. William Carey
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C. William Carey
Acting Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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Exhibit 99.1 - Press Release of Little Switzerland, Inc., dated April 1,
1999.
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Exhibit 99.1
PRESS RELEASE
CONTACTS:
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Kenneth W. Watson
Little Switzerland, Inc.
(340) 776-2010
Mary Ellen Goodall
Walter Denby
D.F. King & Co., Inc.
(212) 269-5550
FOR IMMEDIATE RELEASE
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SEYMOUR HOLTZMAN INFORMS LITTLE SWITZERLAND THAT
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HE WILL NOT STAND FOR ELECTION AT THE ANNUAL MEETING
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ST. THOMAS, U.S. VIRGIN ISLANDS, April 1, 1999.....Little Switzerland, Inc.
(NASDAQ:LSVI) today announced that Seymour Holtzman has informed the Company
that he will not stand for election as a Class I Director at the annual meeting
of stockholders scheduled for Wednesday, April 7, 1999. The Board of Directors
will not nominate any other person in the place of Mr. Holtzman. Thus,
immediately following the annual meeting, the Board will consist of five
directors. The Board has nominated the following persons as its nominees for
election at the annual meeting: Adriane J. Dudley as a Class I Director, with a
term expiring at the 2001 annual meeting, and Melanie L. Sturm and Richard C.
Hunter as Class III Directors, each with a term expiring at the 2000 annual
meeting. At the annual meeting, properly executed proxies voting in favor of
the Board's nominees will be voted for the election of Adriane J. Dudley,
Melanie L. Sturm and Richard C. Hunter.
Little Switzerland, Inc. is a leading specialty retailer of brand name
watches, jewelry, crystal, china, fragrances and accessories, operating 21
stores on nine Caribbean islands, and two 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.
