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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 (Date of earliest event reported) September 10, 1997
CHIEF AUTO PARTS INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
DELAWARE 333-24029 13-3440178
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
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ONE LINCOLN CENTRE, SUITE 200
5400 LBJ FREEWAY
DALLAS, TEXAS 75240-6223
(Address of principal executive offices) (Zip Code)
(972) 341-2000
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name, former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On September 9, 1997, Chief Auto Parts Inc. (the "Company") settled
two lawsuits in which it was a defendant. The lawsuits were filed in September
1993 in the Superior Court of California, County of Alameda by Stephen Cooper
and in March 1996 in the Superior Court of California, County of San Joaquin by
15 current and former managers. Both lawsuits alleged that the Company failed
to pay store managers and associate store managers for overtime compensation as
required by California law.
Under the terms of the settlement, the Company will pay the plaintiffs
and their attorneys an aggregate amount of $9 million. The money to fund the
settlement will come from borrowings under the Company's revolving credit
facility. In light of the provisions for potential losses previously recorded
by the Company, the settlement will have no adverse impact on third quarter
earnings. In agreeing to settle these lawsuits, the Company did not admit any
liability or wrongdoing.
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 hereunto duly authorized.
CHIEF AUTO PARTS INC.
Date: September 10, 1997 By: /s/ Thomas A. Hough
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Thomas A. Hough
Senior Vice President -
Finance, Treasurer,
and Chief Financial Officer
