ccs032009_8k.htm
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 20, 2009
___________
CIRCUIT
CITY STORES, INC.
(Exact
name of registrant as specified in its charter)
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Virginia
(State
or other jurisdiction
of
incorporation)
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1-5767
(Commission
File Number)
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54-0493875
(I.R.S.
Employer
Identification
No.)
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9950
Mayland Drive
Richmond,
Virginia
(Address
of principal executive offices)
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23233
(Zip
Code)
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Registrant’s
telephone number, including area code: (804) 486-4000
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))
On March
20, 2009, the United States Bankruptcy Court for the Eastern District of
Virginia, which has jurisdiction over the reorganization proceedings under
Chapter 11 of the United States Bankruptcy Code for Circuit City Stores, Inc.
(the "Company") and each of its wholly-owned United States and Puerto Rican
subsidiaries, entered on its docket an order granting approval of the sale of
the Company's Canadian operations to Bell Canada pursuant to the agreement
previously announced by the Company on March 2, 2009. InterTAN Canada
Ltd. (“InterTAN”), a subsidiary of Circuit City, controls these operations and
operates more than 750 The
Source stores across Canada. The sale was approved by the Ontario
Superior Court of Justice on March 10, 2009.
The
acquisition remains subject to customary closing procedures.
Circuit
City acquired InterTAN in May 2004. InterTAN is the subject of a court-monitored
sales process following the Company’s entry into creditor protection in Canada
in November 2008. The sale is being managed by Rothschild and is expected to
close in the third calendar quarter of 2009.
Forward
Looking Statements
Statements
made in this release may be considered forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and are subject
to risks and uncertainties. These forward-looking statements include, without
limitation, statements regarding the Company's expectations concerning the
bankruptcy process. Actual results may differ materially from those included in
the forward-looking statements due to a number of factors, including, without
limitation, developments in the bankruptcy proceedings, the results of the
liquidation sales and other matters.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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CIRCUIT
CITY STORES, INC.
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(Registrant)
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Date:
March 26, 2009
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By:
/s/Michelle O.
Mosier
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Michelle
O. Mosier
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Vice
President and Controller
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