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 24, 2003
A.C. MOORE ARTS & CRAFTS, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 000-23157 22-3527763
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
500 University Court
Blackwood, NJ 08012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (856) 228-6700
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Not Applicable
(Former name or former address,
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if changed since last report)
Item 5. Other Events
The following information is qualified in its entirety by, and
should be read in conjunction with, the more detailed information and financial
data, including the financial statements of A.C. Moore Arts & Crafts, Inc. (the
"Company") and its subsidiaries, and the notes thereto, appearing in the
Company's reports filed with the Securities and Exchange Commission ("SEC").
This Current Report on Form 8-K, may contain certain forward-looking statements
regarding the Company's business and prospects that are based upon numerous
assumptions about future conditions which may ultimately prove to be inaccurate
and actual events and results may materially differ from anticipated results
described in such statements. Such forward-looking statements involve risks and
uncertainties and any one or a combination of these risks could have a material
adverse effect on the Company's business, financial condition and results of
operations. The Company disclaims any intent or obligation to update these
forward-looking statements.
Mr. Richard Drake, a director of the Company, has advised the Company
that on July 24, 2003 he amended his written plan with Adams, Harkness & Hill,
Inc., which he adopted in accordance with Rule 10b5-1 under the Exchange Act,
relating to the exercise of stock options and future sales of the Company's
common stock. Mr. Drake's amended plan provides for the sale of shares of the
Company's common stock at prices of $32.00 or higher. All other terms of his
amended plan are the same as described in the Current Report on Form 8-K filed
by the Company on November 7, 2002.
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.
A.C. MOORE ARTS & CRAFTS, INC.
Date: July 28, 2003 By: /s/ Leslie H. Gordon
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Name: Leslie H. Gordon
Title: Chief Financial Officer and
Executive Vice President