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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: September 7, 2000
(Date of earliest event reported)
Strouds, Inc.
(exact name of registrant as specified in its charter)
DELAWARE COMMISSION FILE: 95-4107241
(State or other jurisdiction 000-24904 (I.R.S. Employer
of incorporation or Identification No.)
organization)
780 SOUTH NOGALES STREET
CITY OF INDUSTRY, CA 91748
(Address of Principal executive offices, including zip code)
(626) 912-2866
(Registrant's telephone number, including area code)
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
Strouds, Inc. (the "Company") has filed for voluntary bankruptcy
protection under Chapter 11 of Title 11 of the United States Code. The
Company filed its Chapter 11 petition in the U.S. Bankruptcy Court for the
District of Delaware in Wilmington, Delaware on September 7, 2000. On
September 8, 2000, the Bankruptcy Court provided its interim approval for up
to $50 million in debtor-in-possession financing.
On September 8, 2000, the Company also received a letter from The Nasdaq
Stock Market, Inc. ("Nasdaq") requesting that additional information
regarding the Chapter 11 filing be provided to Nasdaq by September 21, 2000.
The Company will be responding to that request for information. In its
letter to the Company, Nasdaq noted that, after receipt of the requested
information, Nasdaq may request additional information or take any action
that may be appropriate under the Nasdaq Marketplace Rules, including the
removal of the Company's securities from trading on the Nasdaq Stock Market.
ITEM 5. OTHER EVENTS.
A copy of press releases, dated September 7, 2000 and September 8, 2000,
issued by the Company are attached as exhibits to this report and are
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press Release dated September 7, 2000
99.2 Press Release dated September 8, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Strouds, Inc.
Date: September 14, 2000 By: /s/ Charles R. Chinni
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Name: Charles R. Chinni
Title: President and Chief
Executive Officer
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EXHIBIT INDEX
99.1 Press Release dated September 7, 2000
99.2 Press Release dated September 8, 2000
