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):  July 2, 2008

 

MICHAELS STORES, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-09338

 

75-1943604

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
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):

 

¨                        Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨                        Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨                        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨                        Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Effective July 2, 2008, Thomas M. Bazzone resigned as Executive Vice President of Michaels Stores, Inc. (the “Company”).   In connection with his resignation, Mr. Bazzone entered into a Separation Agreement and Release with the Company, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference to this Current Report on Form 8-K.

 

Item 9.01.              Financial Statements and Exhibits.

 

(d)                       Exhibits.

 

Exhibit
Number

 

Description

 

 

 

10.1

 

Separation Agreement and Release, dated July 2, 2008, between Michaels Stores, Inc. and Thomas M. Bazzone.

 

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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.

 

 

July 9, 2008

By:

     /s/ Michael J. Veitenheimer

 

 

Michael J. Veitenheimer

 

 

Senior Vice President, Secretary and

 

 

General Counsel

 

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