<PAGE>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE
ACT OF 1934 (FEE REQUIRED)
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1999
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND
EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
COMMISSION FILE NUMBER 1-11566
A. FULL TITLE OF THE PLAN AND THE ADDRESS OF THE PLAN, IF DIFFERENT FROM THAT
OF THE ISSUER NAMED BELOW:
CompSavings Plan for Employees of CompUSA Inc.
B. NAME OF ISSUER OF THE SECURITIES HELD PURSUANT TO THE PLAN AND THE ADDRESS
OF ITS PRINCIPAL EXECUTIVE OFFICES:
CompUSA Inc.
14951 North Dallas Parkway
Dallas, Texas 75240
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<PAGE>
COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
<TABLE>
<CAPTION>
Page
----
<S> <C>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS 1
REPORT OF INDEPENDENT AUDITORS 2
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS 3
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS 4
NOTES TO FINANCIAL STATEMENTS 5
SUPPLEMENTAL SCHEDULES:
Schedule H, Part IV, Line 4i - Schedule of Assets Held for Investment Purposes 12
Schedule H, Part IV, Line 4j - Schedule of Reportable Transactions 13
Schedule G, Part III - Schedule of Nonexempt Transactions 14
</TABLE>
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
The CompSavings Plan Committee of the
CompSavings Plan for Employees of CompUSA Inc.:
We have audited the accompanying statement of net assets available for benefits
of the CompSavings Plan for Employees of CompUSA Inc. (the "Plan") as of
December 31, 1999, and the related statement of changes in net assets available
for benefits for the year then ended. These financial statements and the
schedules referred to below are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements and
schedules based on our audit. The financial statements of the CompSavings Plan
for Employees of CompUSA Inc. as of December 31, 1998, were audited by other
auditors whose report dated June 24, 1999, expressed an unqualified opinion on
those statements.
We conducted our audit in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 1999, and the changes in its net assets available for benefits for
the year then ended in conformity with accounting principles generally accepted
in the United States.
Our audit was made for the purpose of forming an opinion on the basic financial
statements taken as a whole. The supplemental schedules of assets held for
investment purposes and reportable transactions as of December 31, 1999, and the
schedule of nonexempt transactions for the year then ended, are presented for
purposes of additional analysis and are not a required part of the basic
financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The supplemental schedules
have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.
/s/ ARTHUR ANDERSEN LLP
ARTHUR ANDERSEN LLP
Dallas, Texas,
June 23, 2000
<PAGE>
-2-
REPORT OF INDEPENDENT AUDITORS
The CompSavings Plan Committee of the
CompSavings Plan for Employees of CompUSA Inc.:
We have audited the accompanying statement of net assets available for benefits
of the CompSavings Plan for Employees of CompUSA Inc. as of December 31, 1998,
and the related statement of changes in net assets available for benefits for
the year then ended. These financial statements are the responsibility of the
Plan's management. Our responsibility is to express an opinion on these
financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan at
December 31, 1998, and the changes in its net assets available for benefits for
the year then ended in conformity with accounting principles generally accepted
in the United States.
/s/ Ernst & Young LLP
Ernst & Young LLP
June 24, 1999,
Dallas, Texas
<PAGE>
-3-
COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 1999 AND 1998
<TABLE>
<CAPTION>
1999 1998
----------- -----------
<S> <C> <C>
ASSETS:
Investments at fair value $34,897,454 $28,319,341
Participant loans 1,631,417 1,631,064
Contributions receivable-
Participants 641,110 749,164
Employer 1,335,554 1,439,490
----------- -----------
Total assets 38,505,535 32,139,059
----------- -----------
LIABILITIES:
Excess contributions payable to participants 9,503 399,329
Accrued expenses 54,650 --
----------- -----------
Total liabilities 64,153 399,329
----------- -----------
NET ASSETS AVAILABLE FOR BENEFITS $38,441,382 $31,739,730
=========== ===========
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
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COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
<TABLE>
<CAPTION>
1999 1998
----------- -----------
<S> <C> <C>
INVESTMENT INCOME (LOSS):
Net appreciation (depreciation) in fair value of investments $ 643,705 $(3,209,667)
Interest and dividends 1,479,459 289,668
----------- -----------
Net investment income (loss) 2,123,164 (2,919,999)
CONTRIBUTIONS:
Participants - ordinary 10,548,275 10,053,678
Participants - rollover 1,432,601 1,062,018
Employer 1,368,028 1,439,490
Transfer of assets from another benefit plan -- 1,447,562
----------- -----------
13,348,904 14,002,748
----------- -----------
Total additions 15,472,068 11,082,749
WITHDRAWALS BY PARTICIPANTS (8,770,416) (3,612,704)
----------- -----------
NET INCREASE 6,701,652 7,470,045
NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year 31,739,730 24,269,685
----------- -----------
End of year $38,441,382 $31,739,730
=========== ===========
</TABLE>
The accompanying notes are an integral part of these financial statements.
<PAGE>
-5-
COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1999 AND 1998
1. DESCRIPTION OF THE PLAN:
The following description of the CompSavings Plan for Employees of CompUSA Inc.
(the "Plan") provides only general information. Participants should refer to the
Plan agreement for a more complete description of the Plan's provisions.
GENERAL
The Plan was adopted by CompUSA Inc. (the "Company") effective January 1, 1995,
for eligible employees of the Company. The Plan is a defined contribution plan
designed to comply with the Employee Retirement Income Security Act of 1974
(ERISA). Merrill Lynch Group Employee Services (the "Trustee"), formerly
MasterWorks, acts as trustee for the Plan pursuant to a trust agreement between
the Trustee and the Company.
ADMINISTRATION
The Plan is administered by the CompSavings Plan Committee (the "Committee")
appointed by the Board of Directors of the Company.
PARTICIPATION
Prior to April 1, 1998, employees became eligible to participate in the Plan
after they had reached the age of 21 and had completed 500 hours of service
during the previous six months. Effective April 1, 1998, employees became
eligible to participate on the first day of the calendar quarter following the
first day of employment or, if later, upon reaching the age of 21. Eligible
employees can enroll in the Plan on the first day of the next payroll period
after meeting the age requirement. Eligible employees who desire to participate
in the Plan must elect to participate on the form or forms provided by the
CompSavings Plan Committee and authorize the Company to make payroll deductions
for contributions to the Plan.
CONTRIBUTIONS
Each year, participants may contribute at least 1% and may contribute up to 15%
of pretax annual compensation, as defined in the Plan, provided their
contribution for any one year does not exceed the Internal Revenue Service (IRS)
maximum dollar limitation which was $10,000 for 1999 and 1998. Effective April
1, 1999, there is no limit on how often a participant may change his or her
pre-tax contribution election.
<PAGE>
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The Company contributes an amount equal to 25% of the first 5% of base
compensation that a participant contributes to the Plan ("Required
Contribution"). Additional Company amounts may be contributed ("Discretionary
Contribution") at the option of the Company's management based on the Company's
profitability for the fiscal year that ends within the plan year. The Company
may also make an additional discretionary contribution ("Incentive
Contribution") to encourage new participation in the Plan. Prior to April 1,
1999, to receive an employer contribution, a participant must be an eligible
employee in the Plan on the last day of the plan year and must have completed at
least 1,000 hours of service for the plan year. Effective April 1, 1999, a
participant is only required to be an eligible employee as defined by the Plan
on the last day of the plan year to receive an employer contribution. The
Company's management did not authorize a Discretionary Contribution or Incentive
Contribution in 1999 or 1998.
Under the provisions of the Plan, 75% of the Company's Required, Discretionary,
and Incentive Contributions are invested in the CompUSA Stock Fund, with the
remaining 25% paid in cash and invested based on the participants' elections
(see Note 7). The Company's Required Contribution to the Plan aggregated
$1,335,554 and $1,439,490 in 1999 and 1998, respectively. The Company funded the
1999 and 1998 contributions in March 2000 and March 1999, respectively.
PARTICIPANT ACCOUNTS
Each participant's account is credited with the participant's contributions and
allocations of (a) the Company's contributions and (b) Plan earnings.
Allocations of earnings are based upon the ratio of a participant's account
balance to the aggregate of all participant account balances for the funds in
which the participant has elected to invest.
Forfeited balances of terminated participants' nonvested accounts may be used to
restore nonvested account balances for employees who are rehired, to pay Plan
fees and expenses, or to reduce Company contributions. For the 1999 and 1998
plan years, the Company has utilized these funds to pay Plan fees and expenses.
In addition, the Company utilized $32,474 of these funds to reduce employer
contributions for 1999. Forfeitures aggregated $170,896 and $251,268 in 1999 and
1998, respectively. These funds are maintained in a money market account pending
expenditure by the Plan in the future. The money market account invests in
interest bearing cash equivalents and is included in the CompUSA Stock Fund.
VESTING
Participants are immediately vested in their pretax and rollover contributions
plus actual earnings thereon. The Company's contributions allocated to
participants' accounts, plus the actual earnings thereon, vest to the
participants based on years of continuous service. Participants vest at a rate
of 25% per year and are 100% vested after four years of continuous credited
service.
INVESTMENT OPTIONS
Participants may elect the investment of their employee contributions and
Company cash contributions in any of the following investment options:
(a) Asset Allocation Fund - Invests in a changing mix of stocks, bonds, and
money market securities.
(b) Income Accumulation Fund - Invests in a mix of short-term and
medium-term fixed-income securities that produce income for the fund,
mostly from interest payments.
<PAGE>
-7-
(c) Growth Stock Fund - Invests in the stocks of companies that the fund
manager believes have potential for above-average long-term capital
appreciation. As of December 18, 1998, investment in the Growth Stock
Fund was no longer an option for participants. All previous
contributions to this fund were transferred to other available funds at
the direction of the participants.
(d) S&P 500 Stock Fund - Invests in the companies included in the Standard
& Poor's 500 Index.
(e) CompUSA Stock Fund - Invests primarily in the stock of CompUSA Inc.
Participants may not elect to have more than 50% of their employee
contributions and Company cash contributions invested in this fund.
(f) Franklin Mutual Beacon Z - Invests in inexpensive stocks based on asset
value, mergers, recapitalizations, and spin-offs.
(g) H&W International Fund - Invests primarily in the stock of companies
located in multiple countries around the world.
(h) MFS Capital Opportunities A - Invests primarily in moderate-growth
companies that are attractively valued relative to their growth
prospects.
(i) PIMCO Total Return Class A - Invests exclusively in intermediate term
bonds with ratings of BBB or better.
INCOME TAX STATUS
The Plan has received a determination letter from the IRS dated February 10,
1999, stating that the Plan is qualified under Section 401(a) of the Internal
Revenue Code (IRC) and, therefore, the related trust is exempt from taxation.
Once qualified, the Plan is required to operate in conformity with the IRC to
maintain its qualification. The CompSavings Plan Committee believes that the
Plan is being operated in compliance with the applicable requirements of the IRC
and, therefore, believes that the Plan is qualified and the related trust is tax
exempt.
Because the Plan did not initially meet the tests limiting contributions of
certain highly compensated employees, as defined by the IRC, excess
contributions for 1999 and 1998 were refunded to certain participants, along
with investment earnings on those excess contributions, in accordance with the
Plan agreement. Those amounts are recorded in the accompanying balance sheet as
"Excess contributions payable to participants."
TERMINATION OF THE PLAN
While the Company has not expressed any intent to do so, it may terminate the
Plan at any time. In the event the Plan is terminated, the participants would
become fully vested as to their account balances and the net assets of the Plan
would be distributed to the participants in proportion to their respective
account balances.
<PAGE>
-8-
WITHDRAWALS
Upon termination of service, a participant may receive a lump-sum payment equal
to his or her vested account balance. Participants who are employees can elect
to withdraw a portion of their Plan account balance, subject to certain
conditions and restrictions.
In-service hardship withdrawals may be permitted to the extent the Committee
determines that a participant has an immediate and heavy financial need for a
permitted purpose. In-service withdrawals may also be permitted for eligible
rollover contributions as defined by the Plan agreement. Participants who have
attained the age of 59 1/2 can elect to have all or a portion of his/her vested
benefit distributed to him/her at any time.
LOANS
The Plan provides that participants may request a loan from the Plan in an
amount not to exceed the lesser of $50,000 or 50% of the participant's vested
account balance. The minimum loan amount is $500 and must be repaid, through
payroll deductions, within five years. The interest rate charged on participant
loans is a fixed rate of interest determined by the CompSavings Plan Committee.
Interest rates charged on participant loans ranged from 7.75% to 8.75% and 8.75%
to 9.50% in 1999 and 1998, respectively.
EXPENSES AND FORFEITURES
The Company pays all administrative fees and expenses related to maintaining the
Plan to the extent such fees and expenses exceed forfeitures. Such expenses were
fully offset by forfeitures in 1999 and 1998. The Company also furnishes the
Plan with administrative and clerical services and use of Company office space
and supplies at no charge. Certain special fees, such as fees for changing
investment fund elections more than four times per year and loan maintenance
fees, are charged to individual participants' accounts. All such fees have been
included in withdrawals by participants.
RELATED PARTY TRANSACTION
The Plan had certain expenses paid by the Company. Additionally, the plan
invests in common stocks of the Company as well as mutual funds maintained by
the Trustee.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS
The accompanying financial statements have been prepared on the accrual basis of
accounting. The preparation of financial statements in conformity with generally
accepted accounting principles requires the Company to make estimates that
affect the amounts reported in the financial statements and accompanying notes.
Actual results could differ from those estimates.
INVESTMENT VALUATION AND INCOME RECOGNITION
Plan investments in various investment funds are stated at fair value as
determined by the Trustee based upon the quoted market prices of the underlying
securities comprising the investment funds. Investments in the Company's common
stock are valued at the last reported sales price on the last business day of
the Plan year. Employee loans receivable are valued at cost which approximates
fair value.
<PAGE>
-9-
Purchases and sales of securities are recorded on a trade-date basis.
Contributions and interest income are recorded on the accrual basis.
ROLLOVER OF PCS COMPLEAT BALANCES
Effective February 26, 1998, a defined contribution plan sponsored by CompUSA
Direct, formerly PCs Compleat, a wholly owned subsidiary of the Company, was
consolidated with the Company's Plan. As a result, $1,447,562 was transferred to
the Plan representing the net assets available for benefits held by those
employees in the plan sponsored by PCs Compleat.
PAYMENT OF BENEFITS
Benefits are recorded when paid to the participants.
ADOPTION OF STATEMENT OF POSITION 99-3
As of December 31, 1999 the Plan has adopted the Statement of Position ("SOP")
99-3 issued by the Accounting Standards Executive Committee of the American
Institute of Certified Public Accountants entitled "Accounting for and Reporting
of Certain Defined Contribution Plan Investments and Other Disclosure Matters."
As a result, reclassifications have been made to eliminate the by-fund reporting
for participant-directed investments in 1999 and retroactively applied to 1998.
RECLASSIFICATION
Certain reclassifications have been made to amounts reported in the previous
year to conform to the current year's presentation.
3. INVESTMENTS:
The Plan's investments are held by the Trustee. The following presents
investments that represent 5% or more of the Plan's net assets as of December
31, 1999 and 1998, are as follows:
<TABLE>
<CAPTION>
1999 1998
----------- ----------
<S> <C> <C>
Asset Allocation Fund-
Merrill Lynch Allocation Fund for Employee Retirement Plans $ 5,318,458 $4,771,974
Income Accumulation Fund-
Merrill Lynch Income Accumulation Fund for Employee
Retirement Plans 3,425,028 2,425,687
S&P 500 Stock Fund-
Merrill Lynch S&P 500 Stock Fund for Employee Retirement Plans 11,888,600 9,028,970
MFS Capital Opportunities A Fund-
Merrill Lynch Mutual Fund for Employee Retirement Plans 9,145,163 6,250,000
CompUSA Stock Fund-
CompUSA Common Stock* 3,656,871 5,144,584
</TABLE>
* Nonparticipant directed
<PAGE>
-10-
The Plan's investments (including gains and losses on investments bought and
sold, as well as held during the year) appreciated (depreciated) as follows:
<TABLE>
<CAPTION>
1999 1998
----------- -----------
<S> <C> <C>
Mutual funds $ 4,382,805 $ 2,854,047
Stock fund (3,739,100) (6,063,714)
----------- -----------
Net appreciation (depreciation) in
fair value of investments $ 643,705 $(3,209,667)
=========== ===========
</TABLE>
4. NONPARTICIPANT-DIRECTED INVESTMENTS:
Certain of the CompUSA Stock Fund's assets are participant-directed but are not
separately identified by the trust. Therefore, in accordance with SOP 99-3 the
entire fund has been deemed to be nonparticipant-directed for purposes of this
disclosure.
<TABLE>
<CAPTION>
December 31,
--------------------------
1999 1998
---------- ----------
<S> <C> <C>
Net assets-
Investment in CompUSA Common Stock $3,656,871 $5,467,545
Investment in Money Market Fund 58,068
Employee contributions receivable 110,403 168,339
Employer contributions receivable 1,001,665 1,205,235
Excess contributions payable (38,228)
----------
$4,827,007 $6,802,891
========== ==========
<CAPTION>
Year Ended
December 31,
----------------------------
1999 1998
----------- -----------
<S> <C> <C>
Changes in net assets-
Net depreciation $(3,739,100) $(6,063,714)
Interest 21,433 20,200
Contributions 3,161,840 3,962,787
Interfund transfers (113,165) (417,994)
Withdrawals by participants (1,306,892) (1,053,175)
----------- -----------
$(1,975,884) $(3,551,896)
=========== ===========
</TABLE>
5. NONEXEMPT TRANSACTION:
For certain payroll periods during the plan year, the Company failed to remit
Participant contributions to the Trustee in a timely manner. This failure
constitutes a prohibited transaction under Section 4975 of the Internal Revenue
Code. The Company has plans to take the corrective actions required.
<PAGE>
-11-
6. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500:
The following is a reconciliation of net assets available for benefits per the
financial statements to the Form 5500:
<TABLE>
<CAPTION>
December 31,
----------------------------
1999 1998
----------- -----------
<S> <C>
Net assets available for benefits per the financial statements $38,441,382 $31,739,730
Amounts allocated to withdrawing participants (33,437) --
----------- -----------
Net assets available for benefits per the Form 5500 $38,407,945 $31,739,730
=========== ===========
</TABLE>
The following is a reconciliation of withdrawals by participants per the
financial statements to the Form 5500:
<TABLE>
<CAPTION>
Year Ended Year Ended
December 31, 1999 December 31, 1998
----------------- -----------------
<S> <C> <C>
Withdrawals by participants per the financial statements $8,770,416 $3,612,704
Add- Amounts allocated to withdrawing participants
at December 31, 1999 33,437 -
---------- ----------
Withdrawals by participants per the Form 5500 $8,803,853 $3,612,704
========== ==========
</TABLE>
Amounts allocated to withdrawing participants are recorded on the Form 5500 for
benefit claims that have been processed and approved for payment prior to
December 31, but were not yet paid as of that date.
7. SUBSEQUENT EVENT:
On January 23, 2000, the Company entered into a merger agreement by and among
the Company, Grupo Sanborns, S.A. de C.V, a corporation organized under the laws
of the United Mexican States ("Grupo Sanborns") and TPC Acquisition Corp., a
Delaware corporation and subsidiary of Grupo Sanborns ("TPC"), providing for a
cash tender offer by TPC for all outstanding shares of common stock, $0.01 par
value (the "Shares"), of the Company not owned by Grupo Sanborns or its
affiliates for $10.10 per Share, and following the tender offer, a merger of TPC
with the Company. On January 24, 2000, the Company issued a joint press release
announcing the execution of the merger agreement. On February 29, 2000, the
merger was completed. Each participant's balance in the CompUSA stock fund was
transferred to the Merrill Lynch Income Accumulation Fund, after the merger.
Employer contributions subsequent to the merger will be made 100% in cash.
<PAGE>
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COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
SCHEDULE H, PART IV, LINE 4I - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1999
EIN: 75-2261497
PLAN: 001
<TABLE>
<CAPTION>
(a) (b) (c) (d) (e)
Description of Investment
Identity of Issuer, Including Maturity Date, Rate
Borrower, Lessor, of Interest, Collateral, Par, or Current
or Similar Party Maturity Value Cost Value
------------------------ -------------------------------- --------- -------
<S> <C> <C> <C> <C>
* Merrill Lynch Franklin Mutual Beacon Z $ 579,253
* Merrill Lynch Asset Allocation Fund 5,318,458
* Merrill Lynch Income Accumulation Fund 3,425,028
* Merrill Lynch S&P 500 Stock Fund 11,888,600
* Merrill Lynch H&W International Fund 444,033
* Merrill Lynch MFS Capital Opportunities A 9,145,163
* Merrill Lynch PIMCO Total Return Class A 381,980
* Participant Loans Interest rates ranging from
7.75% to 8.75% 1,631,417
NONPARTICIPANT-DIRECTED
* CompUSA Inc. Common Stock 8,146,144 3,656,871
* Merrill Lynch Money Market Fund 58,068 58,068
</TABLE>
* Column (a) indicates each identified person/entity known to be a
party-in-interest.
Note (1): Column D is not applicable for participant directed investments and
has therefore only been completed for non-participant directed investments.
This supplemental schedule lists assets held for investment purposes at
December 31, 1999, as required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure.
<PAGE>
-13-
COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
SCHEDULE H, PART IV, LINE 4J - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1999
EIN: 75-2261497
PLAN: 001
<TABLE>
<CAPTION>
(h) (i)
(g) Current Value of
(a) (b) (c) (d) Cost of Asset on Net
Identity of Party Involved Description of Asset Purchase Price Selling Price Asset Transaction Date (Loss)
------------------------------- -------------------- -------------- ------------- ---------- ---------------- ------------
<S> <C> <C> <C> <C> <C> <C>
SERIES OF TRANSACTIONS:
CompUSA Inc.* CompUSA Stock Fund $4,003,836 $1,704,116 $2,981,886 $1,704,116 $(1,277,770)
746 purchases
633 sales
</TABLE>
Columns (e) and (f) are not applicable to this plan and have been omitted
accordingly. *Party-in-interest.
This supplemental schedule lists nonparticipant-directed transactions in excess
of 5% of plan assets as of the beginning of the plan year, as required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure.
<PAGE>
-14-
COMPSAVINGS PLAN FOR EMPLOYEES OF COMPUSA INC.
SCHEDULE G, PART III - SCHEDULE OF NONEXEMPT TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1999
EIN: 75-2261497
PLAN: 001
<TABLE>
<CAPTION>
(a) (b) (c)
Description of transactions
Relationship to plan, including maturity date, rate
employer or other of interest, collateral, par or
Identity of party involved party-in-interest maturity value
------------------------------- ------------------------------------- -------------------------------------------
<S> <C> <C>
CompUSA Inc. Employer/Plan Sponsor Contributions of $2,045 for the payroll
paid on 12/31/98 were deposited on 1/28/99
CompUSA Inc. Employer/Plan Sponsor Contributions of $9,235 for the payroll
paid on 5/21/99 were deposited on 6/24/99
CompUSA Inc. Employer/Plan Sponsor Contributions of $6,119 for the payroll
paid on 5/28/99 were deposited on 6/24/99
CompUSA Inc. Employer/Plan Sponsor Contributions of $3,402 for the payroll
paid on 10/29/99 were deposited on 11/26/99
CompUSA Inc. Employer/Plan Sponsor Contributions of $2,544 for the payroll
paid on 11/24/99 were deposited on 12/22/99
CompUSA Inc. Employer/Plan Sponsor Contributions of $2,594 for the payroll
paid on 12/23/99 were deposited on 1/31/00
CompUSA Inc. Employer/Plan Sponsor Contributions of $297,227 for the payroll
paid on 12/31/99 were deposited on 1/31/00
</TABLE>
Note (1) Columns (d) through (j) are not applicable to this plan and have been
omitted accordingly.
This supplemental schedule lists nonexempt transactions
for the year ended December 31, 1999, as required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
CompSavings Plan Committee for the CompSavings Plan for Employees of CompUSA
Inc. has duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
CompSavings Plan for Employees of CompUSA Inc.
By CompSavings Plan Committee appointed pursuant to the Plan:
Date: June 28, 2000 By: /s/ Harold F. Compton
-----------------------------------------
Harold F. Compton, Committee Member
