UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  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):  October 16, 2007

 

MICHAELS STORES, INC.
(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-09338

 

75-1943604

(State or Other Jurisdiction

 

(Commission

 

(IRS Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

8000 Bent Branch Drive

Irving, Texas  75063

 (Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (972) 409-1300

 


 

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 (see General Instruction A.2. below):

 

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 7.01.                                          Regulation FD Disclosure.

 

On October 16, 2007, Michaels Stores, Inc. (the “Company”) issued a press release announcing, among other things, plans to exit its concept businesses and updated guidance for the second half and full year of fiscal 2007 and other financial information regarding the Company. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information contained in this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, the information contained in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended. By furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

 

Item 9.01.              Financial Statements and Exhibits.

 

(d)                                 Exhibits.

 

 

Exhibit
Number

 

Description

 

 

 

 

 

  99.1

 

Press release issued by Michaels Stores, Inc., dated October 16, 2007.

 

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SIGNATURE

 

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.

 

 

October 16, 2007

By:

     /s/ Jeffrey N. Boyer

 

 

  Jeffrey N. Boyer

 

 

  President and Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit
Number

 

Description

 

 

 

  99.1

 

Press release issued by Michaels Stores, Inc., dated October 16, 2007.

 

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