SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) February 5, 2001
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FOOTSTAR, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-11681 22-3439443
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
933 MacArthur Boulevard, Mahwah, New Jersey 07430
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (201) 934-2000
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
Footstar Completes Acquisition of J. Baker Footwear Assets
On February 5, 2001, Footstar, Inc. ("Footstar" or the "Company")
announced that it has completed its acquisition of the footwear assets and
license agreements of J. Baker, Inc. Under the terms of the agreement, first
announced on November 17, 2000, Footstar purchased the assets used in J. Baker's
licensed footwear business, including inventory, store furniture and fixtures,
intellectual property and license agreements. The total cash consideration paid,
subject to further post closing adjustments, was $59.0 million.
The acquired business currently operates 1,163 licensed footwear
departments under 13 agreements with retail chains throughout the country,
including Ames, Roses, Stein Mart, and Spiegel.
Sales generated by the acquired assets will be treated as sales of new
stores and, therefore, will not be included within the comparable store sales
base until they have been part of Footstar's operations for twelve months. From
March 2002 onward, sales from these businesses will be included in the total
comparable store sales reported for Meldisco.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit 10.12 Asset Purchase Agreement dated as of
November 16, 2000 by and among Footstar
Corporation, J. Baker, Inc., and JBI, Inc.,
Morse Shoe, Inc. and those other
subsidiaries of J. Baker, Inc., if any,
indicated therein.
Exhibit 99.1 Press Release of Footstar, Inc. dated
February 5, 2001.
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.
FOOTSTAR, INC.
Dated: February 6, 2001 By: MAUREEN RICHARDS
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Name: Maureen Richards
Title: Vice President, General Counsel
and Corporate Secretary
EXHIBIT INDEX
Exhibit 10.12 Asset Purchase Agreement dated as of
November 16, 2000 by and among Footstar
Corporation, J. Baker, Inc., and JBI, Inc.,
Morse Shoe, Inc. and those other
subsidiaries of J. Baker, Inc., if any,
indicated therein.
Exhibit 99.1 Press Release of Footstar, Inc. dated
February 5, 2001.