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 11, 2000
TREND-LINES, INC.
......................................
(Exact name of registrant as specified in its charter)
Massachusetts 0-24390 04-2722797
(State or other (I.R.S. Employer
jurisdiction of (Commission file number) Identification Number)
incorporation or
organization)
135 American Legion Highway, Revere, Massachusetts 02151
...................................................................
(Address of principal executive office) (Zip Code)
(Registrant's telephone number, including area code): (617) 853-0900
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TREND-LINES, INC. (8-K)
Index
Item 3 - Bankruptcy or Receivership
Exhibit 1 - Press Release dated August 11, 2000
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Item 3 - Bankruptcy or Receivership
On August 11, 2000, Trend-Lines, Inc. (the "Registrant") and its
wholly-owned subsidiary, Post Tool, Inc., each filed a voluntary petition for
relief under Chapter 11 of the United States Bankruptcy Code in the U.S.
Bankruptcy Court for the District of Massachusetts. The Registrant will continue
to operate its businesses as a debtor-in-possession while it takes steps to
negotiate the sale of its "Golf Day" stores.
See attached press release, which is hereby incorporated by reference, for
further details.
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SIGNATURE
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.
TREND-LINES, INC.
Registrant
Date: August 11, 2000 By: /s/ Stanley Black
--------------------------
Stanley Black
(Chief Executive Officer)
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EXHIBIT 1 - PRESS RELEASE
Stanley Black, CEO of Trend-Lines, Inc. and its wholly-owned subsidiary,
Post-Tool, Inc., specialty retailers of power tools, hand tools and golf
equipment and supplies, announced today that the companies have filed for
Chapter 11 Bankruptcy protection.
Mr. Black stated "While we are disappointed in having to take this step, it will
allow us to reorganize our business and create an opportunity to return to
profitability. We are confident that the vendor community will work with the
companies to effectuate a successful turnaround and that our management team and
our associates are committed to this task."
Trend-Lines, Inc. announced in June that it was planning to divest itself of its
retail golf business in order to concentrate on its much larger and more
profitable tool business. It is currently negotiating with one or more parties
with respect to the sale its "Golf Day" stores and expects to conclude such a
transaction by early September.
Safe Harbor: Certain statements contained in this press releases including, but
not limited to, information regarding the future plans and objectives of the
companies and their management, and the assumptions regarding such plans and
objectives, are forward-looking in nature. Additional information concerning
important factors that could cause actual results to differ from the
forward-looking information contained in this release is included in the
quarterly and annual reports filed publicly by the companies.
