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): December 31, 1998
AID AUTO STORES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-13710 11-2254654
(State of Other Juris- (Commission File No.) (IRS Employer
diction of Incorporation) Identification No.)
275 Grand Boulevard, Westbury, New York 11590
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (516) 338-7889
N/A
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. Other Events.
Effective December 31, 1998, Aid Auto Stores, Inc. (the "Company") has
ceased all operations and the Company has closed. The Company has vacated its
office space in Westbury, New York and has closed all nineteen of the
Company-owned store locations. At this time, the only items of business
outstanding are the sale of the remaining equipment and the furniture and
fixtures maintained in the Company's office, warehouse and stores, the sale of
the Company's trademarks and service marks, and the sale of the Company's owned
real estate. Proceeds of all inventory and equipment previously sold have gone
to the Company's secured lender, Foothill Capital Corp ("Foothill"). The
remaining assets currently held for sale are collateral for the loan issued by
Foothill and the Company has no other tangible assets.
<PAGE>
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.
AID AUTO STORES, INC.
By: Kahn Consulting, Inc.
Chief Restructuring Officer
Dated: January 19, 1999 By: /s/ Robert Rosenfeld
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Robert Rosenfeld
