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: October 1, 1996
MICRO WAREHOUSE, INC.
535 Connecticut Avenue
Norwalk, Connecticut 06854
(203) 899-4000
Delaware 0-20730 06-1192793
(State of Incorporation) (Commission File No.) (IRS Id. No.)
Exhibit Index Appears on Page 4
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Item 5. Other Events.
This Current Report on Form 8-K is being filed with the Securities
and Exchange Commission by Micro Warehouse, Inc. ("MWHS") for the purpose of
providing the information set forth in a press release issued by MWHS on
September 30, 1996, a copy of which is filed as Exhibit 99.1 hereto and
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statement of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
The following exhibit is filed herewith:
99.1 Press Release dated September 30, 1996.
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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.
MICRO WAREHOUSE, INC.
(Registrant)
Date: October 1, 1996 By______________________________
Bruce L. Lev
Vice President
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EXHIBIT INDEX
Exhibit
Number Description
- ------ -----------
99.1 Press Release dated September 30, 1996
4
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
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CONTACT: Bruce L. Lev Melinda R. Levino
Vice President - General Counsel Director,Corporate Communications
(203) 899-4529 (203) 899-4672
MICRO WAREHOUSE MAY RESTATE PRIOR PERIOD RESULTS
Norwalk, CT, September 30, 1996 -- Micro Warehouse, Inc. (NASDAQ:
MWHS), today reported that it is likely to restate its financial results for the
1994 and 1995 fiscal years as a consequence of discovering errors in its
accounting procedures principally regarding receivables from suppliers and
vendors for defective inventory, stock rotation and price protection.
The amount of the charge arising from these errors is yet to be
determined but is currently thought to aggregate approximately $18 million after
tax. It is believed that the errors have accumulated over several years and
predominantly relate to years prior to 1996. The Company has formed a task force
to reach a final determination as rapidly as possible.
The Company does not presently expect these matters to affect
ongoing operations.
The Company's audit committee is examining these matters with the
assistance of its independent auditors, KPMG Peat Marwick LLP, and its outside
counsel, Jones, Day, Reavis & Pogue.
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