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): November 20, 2000
THE GREAT TRAIN STORE COMPANY
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-13158 75-2539189
(Commission File Number) (I.R.S. Employer Identification No.)
14180 Dallas Parkway, Suite 618, Dallas, Texas 75240
(Address of Principal Executive Offices) (Zip Code)
(972) 392-1599
(Registrant's Telephone Number, Including Area Code)
_____________________
1
<PAGE>
Item 3. Bankruptcy or Receivership.
On February 28, 2000, The Great Train Store Company (the "Registrant")
filed a voluntary petition for protection and reorganization under Chapter 11 of
the Federal Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware (the "Filing"). From that time, the Registrant had been
operating under the protection of the United States Bankruptcy Code as a
debtor-in-possession and had been attempting to obtain bridge and replacement
financing and to explore other opportunities for the Registrant.
On May 18, 2000, the United States Bankruptcy Court entered an order
authorizing, among other things, that the Registrant (i) discontinue operations
at and liquidate the inventory located at the going-out-of-business stores, and
(ii) enter into an agency agreement for such liquidation.
On June 23, 2000, the United States Bankruptcy Court entered an order
approving the auction procedure for the sale of the Registrant's leases and
approving the rejection procedure for termination of the leases not auctioned.
Item 5. Other Events.
On November 20, 2000, the Registrant filed unaudited monthly operating
reports as of and for the month ended August 26, 2000 with respect to the
Registrant and The Great Train Store Partners, L.P., GTS Limited Partner, Inc.
and GTS Partner, Inc., all direct or indirect subsidiaries of the Registrant
(the "Subsidiaries") with the United States Bankruptcy Court. Attached hereto as
Exhibit 99.1 are such monthly reports as included in the bankruptcy filing
referred to above.
On July 17, 2000, the Registrant completed the liquidation of its
inventory located at its store locations and on August 15, 2000, the Registrant
closed its offices. In addition, the lease auction process has been completed.
To date, based on the continuing results of the liquidation, the
Registrant does not expect that the stockholders of the Company will receive a
distribution as a result of the liquidation.
Item 7. Financial Statements as Exhibits
(c) Exhibits
99.1 Monthly operating reports of the Registrant and Subsidiaries as of
and for the month ended August 26, 2000, as filed with the United States
Bankruptcy Court.
<PAGE>
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.
Date: December 11, 2000
THE GREAT TRAIN STORE COMPANY
By: /s/ Cheryl A. Taylor
----------------------------------
Cheryl A. Taylor
Vice President - Finance &
Administration
3
