UNITED STATES
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): March 31, 2009
Gottschalks Inc.
(Exact
name of registrant as specified in its charter)
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7 River Park Place East
Fresno, California
93720
(Address of principal executive offices including zip code)
(559) 434-4800
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Material Events. As previously disclosed, on January 14, 2009, Gottschalks Inc. (the "Company") filed a voluntary
petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court") (administered under Case No. 09-10157). On March 31, 2009, the Company issued a press release (the "Press Release")
announcing that, after completing the Bankruptcy Court-supervised auction for its business, the Company, in consultation with the
agent for its senior secured lenders and the unsecured creditors' committee, agreed to the proposed liquidation of certain of the
Company's assets by a joint venture comprised of SB Capital Group, LLC, Tiger Capital Group, LLC, Great American Group, LLC and
Hudson Capital Partners, LLC. As proposed, the joint venture would be appointed by the Company as part of it's Chapter 11
proceedings to conduct the sale of merchandise located at the Company's retail stores and distribution center and to dispose of certain
of the Company's furnishings, trade fixtures and equipment. The proposed liquidation remains subject to the approval of the Bankruptcy Court, which is scheduled to
consider the proposed liquidation on Wednesday, April 1, 2009. If approved, the liquidation may begin as early as Thursday, April 2,
2009 and is expected to conclude on or before July 15, 2009. A copy of the Press Release is being filed as Exhibit 99.1 to this current report and is incorporated herein by
reference in its entirety. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Gottschalks Inc., on March 31, 2009.
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 thereunto duly authorized.
Gottschalks Inc. April 1, 2009 By: /s/ Daniel T. Warzenski
(Registrant)
Name: Daniel T. Warzenski
Title: Vice President and Chief Financial Officer
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Exhibit No. |
Description |
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99.1 |
Press Release issued by Gottschalks Inc., on March 31, 2009. Also provided in PDF format as a courtesy. |