Peebles Inc – ‘8-K’ for 4/4/95

As of:  Tuesday, 7/14/98   ·   For:  4/4/95   ·   Accession #:  804125-98-7   ·   File #:  33-27126

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Change of Control                                      3     11K 

Document Table of Contents

8-K
1st Page of 3
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
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): June 29, 1998.                

Commission file number                    33-27126      
                                   -------------

PEEBLES INC.

Virginia                                 54-0332635   
------------------------                     -----------------        
(State of Incorporation)                     (I.R.S. Employer         
                                       Identification No.)

One Peebles Street                                                
South Hill, Virginia                            23970-5001        
------------------------                     -----------------          
(Address of Principal                           (Zip Code)        
Executive Offices)                                            

Registrant's telephone number, including area code:  (804)447-5200              
                                        --------------

8-K
2nd Page of 3
TOC
1st
Previous
Next
↓Bottom
Just 2nd
Item 2.   Acquisition of Assets                                                 
(dollars in thousands, except per share amounts)                                

(a) PRIOR REPORTS:  Reference is hereby made to the registrant's Current        
Report on Form 8-K dated (and filed) May 29, 1998 which is incorporated 
herein by reference.                                                    

(b) CONSUMMATION OF MERGER:  On June 29, 1998, a merger (the "IAW Merger")      
was consummated whereby the Ira A. Watson Co. ("Watson's), a Delaware   
corporation, became a wholly-owned subsidiary of Peebles Inc. ("Peebles"
 or the "Company"), a Virginia Corporation.  Watson's 25 department stores
 are located in markets demographically consistent with Peebles 85 stores.
Watson's stores operate in seven states, three of which represent new   
states for Peebles.  The concentration of Watson's stores, however, are 
in states where Peebles has a presence and these Watson's markets       
are congruent with planned expansion.                                   

In consummation of the IAW Merger, $23,650 cash was disbursed           
as follows:  i) $2,661 to common and preferred shareholders;            
ii) $14,927 to refinance pre-merger bank debt; iii) $1,352 to a         
third party financial services company for the outstanding              
balance of the Watson's proprietary charge card accounts;               
iv) $1,158 for certain acquisition and financing fees;                  
and v) $3,552 for the retirement of certain trade liabilities.          
Proceeds to consummate the IAW Merger were primarily provided by        
the Company's Credit Agreement, as amended and restated.                

The IAW Merger will be accounted for under the purchase method          
of accounting, and as such, the final calculated purchase price         
will be allocated to the fair value of tangible and assets and          
the excess of cost over net assets acquired.                            

At the date of this filing, July 14, 1998, the financial                
statements and exhibits, including the pro forma financial              
statements and exhibits, required by Item 7.  "Financial Statements     
and Exhibits" are not available.  The financial statements and          
exhibits required are expected to be filed under cover of Form 8        
within 60 days of the date of this filing.                              

8-K
Last Page of 3
TOC
1st
Previous
Next
↓Bottom
Just 3rd
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.

                              PEEBLES INC.
                             ---------------------
                                (Registrant)

Dated:   July 14, 1998                 By:  /s/   Michael F. Moorman            
                                  --------------------------
                                      Michael F. Moorman
                                                 President and Chief Executive
                                                Officer (Principal Executive
                            Officer)

Dated   July 14, 1998                  By:  /s/   E. Randolph Lail              
                                   ---------------------------
                                    E. Randolph Lail
                                           Chief Financial Officer
                                        (Principal Financial
                            Officer)

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		7/14/98		2		3
		6/29/98		1		2			8-K/A
		5/29/98		2					8-K
For Period End:		4/4/95							8-K
									List all Filings