FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (date of earliest event reported): January 20,
1997
TOPS APPLIANCE CITY, INC.
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(Exact name of registrant as specified in its charter)
New Jersey 0-20498 22-3174554
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
45 Brunswick Avenue, Edison, New Jersey 08818
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code:(908) 248-2850
N/A
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(Former name or former address, if changed since last report)
Page 1 of 3 pages
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Item 1. Changes in Control of Registrant
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Not Applicable
Item 2. Acquisition or Disposal of Assets
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Not Applicable
Item 3. Bankruptcy or Receivership
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Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
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Not Applicable
Item 5. Other Events
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Leslie S. Turchin has resigned as the Registrant's
Chairman of the Board of Directors. Mr. Turchin will remain as a
member of the Board of Directors. Robert Gross has been elected
as Chairman of the Board of Directors effective immediately. Mr.
Turchin has been retained by the Registrant as a consultant
effective immediately.
The Registrant also announced that Rick Jones was named
Chief Operating Officer in addition to his duties as Senior Vice
President and General Merchandise Manager. Philip M. Schmidt
remains as President of the Registrant.
Item 6. Resignation of Registrant's Directors
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Not Applicable.
Item 7. Financial Statements and Exhibits
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(a) Financial statements of business acquired.
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
Not Applicable
<PAGE>
SIGNATURE
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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.
TOPS APPLIANCE CITY, INC.
/s/ Robert Gross
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BY: ROBERT GROSS,
Chief Executive Officer
Dated: February 5, 1997