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): August 20, 1997
SHOPKO STORES, INC.
(Exact name of registrant as specified in its charter)
Minnesota 1-10876 41-0985054
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
700 Pilgrim Way
Green Bay, Wisconsin 54304
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(920) 497-2211
<PAGE>
Item 5. Other Events.
On August 20, 1997 Shopko Stores, Inc. (the
"Company") announced the addition of Dr. James L.
Reinertsen, M.D. to its Board of Directors. Dr.
Reinertsen is the Chief Executive Officer of
HealthSystem Minnesota and Chairman of the Institute
for Clinical Systems Integration. Mr. Reinertsen
replaces Michael W. Wright, Chairman, President and
Chief Executive Officer of SUPERVALU Inc., who resigned
from the Board pursuant to the terms of the Stock
Buyback and Secondary Offering Agreement between ShopKo
and SUPERVALU. The press release announcing the
addition of Dr. Reinertsen to the Company's Board of
Directors is attached as an exhibit hereto and is
incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description
99.1 Press Release dated August 20, 1997
<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 hereunto duly authorized.
Dated: August 22, 1997 SHOPKO STORES, INC.
By: /s/ Richard D. Schepp
----------------------
Richard D. Schepp,
Vice President Legal Affairs
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated August 20, 1997
Dr. James L. Reinertsen, M.D. joins ShopKo Board of
Directors
GREEN BAY, Wis., Aug. 20 / PRNewswire/ -- ShopKo
Stores, Inc. (NYSE: SKO) announced today the addition
to its Board of Directors of Dr. James L. Reinertsen,
M.D., Chief Executive Officer of HealthSystem Minnesota
and Chairman of the Institute for Clinical Systems
Integration. He replaces Michael W. Wright, Chairman,
President and Chief Executive Officer of SUPERVALU
Inc., who resigned from the Board pursuant to the terms
of the Stock Buyback and Secondary Offering Agreement
between ShopKo and SUPERVALU.
"We are pleased that Jim Reinertsen is joining our
Board," said Dale P. Kramer, Chairman of the Board,
President and Chief Executive Officer. "He is a leader
in the health care field and was instrumental in the
development of a visionary model for a fully integrated
health system providing high quality, cost-effective
care. Jim brings strong competencies and leadership
skills as well as a wealth of health care experience
which will enhance our strategies for continued
growth."
Dr. Reinertsen was named Chief Executive Officer
of HealthSystem Minnesota in 1994 and Chairman of the
Institute for Clinical Systems Integration in 1992.
HealthSystem Minnesota includes a 426-bed Methodist
hospital; Park Nicollet Clinic, one of the nation's
largest multispecialty group practices; a network of 41
primary care physicians; a foundation; and a research
and education institute. Immediately prior, he was
President and Chief Executive Officer for Park Nicollet
Medical Center from 1986 to 1992 and President of the
Park Nicollet Medical Foundation from 1984 to 1986.
Dr. Reinertsen trained in internal medicine at Harvard
Medical School, where he earned his M.D. in 1973, and
completed his residency in internal medicine at the
University of California in San Francisco from 1974 to
1976. He was a Clinical Associate in the Arthritis and
Rheumatism Branch at the National Institutes of Health
(NIH) from 1976 to 1978 and a physician in the
Department of Rheumatology at Park Nicollet from 1978
to 1995. Born in Pietermaritzburg, South Africa, Dr.
Reinertsen earned a Bachelor's degree at St. Olaf in
Northfield, Minn. in 1969.
Dr. Reinertsen also serves on the Board of
Directors for HealthSystem Minnesota, the American
Board of Internal Medicine, and the Minnesota Business
Partnership. He is a past president of the American
Medical Group Association (AMGA) and is a Fellow with
the American College of Physicians and a Member of the
Society of Medical Administrators. He was recently
recognized by the Minnesota Academic Excellence
Foundation (MAEF) with a MAEF Hero award.
ShopKo Stores, Inc. is a leading specialty
discount retailer operating 130 stores and four free-
standing optical centers. The Company also serves the
rapidly growing managed health care industry through
its wholly-owned subsidiary, ProVantage, Inc. which
specializes in prescription benefit management (PBM),
vision benefit management (VBM) and health care
information technology (HIT) support services. Retail
operations are concentrated in 16 regions and
ProVantage, Inc. serves managed care clients
nationwide.
