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EX-10.1 - EX-10.1 - CLAIRES STORES INC | g22256exv10w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): February 19, 2010
Claires Stores, Inc.
(Exact name of registrant as specified in its charter)
Florida | 333-148108 | 59-0940416 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
3 S.W. 129th Avenue, Pembroke Pines, Florida | 33027 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (954) 433-3900
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 1.01 Entry into a Material Definitive Agreement.
On February 19, 2010, Claires Boutiques, Inc. (Claires Boutiques), a wholly-owned subsidiary of
Claires Stores, Inc. (the Company), sold its U.S. distribution center/office building located at
2400 West Central Road, Hoffman Estates, Illinois (the Property) to AGNL Bling, L.L.C. (AGNL
Bling).
Contemporaneously with the sale of the Property, Claires Boutiques entered into a lease agreement,
dated February 19, 2010 (the Lease Agreement), with AGNL Bling, as landlord, with respect to the
Property. The Lease Agreement provides for (1) an initial expiration date of February 28, 2030
with two (2) five (5) year renewal periods, each at the option of Claires Boutiques and (2) basic
rent of $2,112,435 per annum (subject to annual increases), payable quarterly in advance in equal
installments on each April 1st, July 1st, October 1st and January 1st.
The foregoing description of the Lease Agreement does not purport to be complete and is qualified
in its entirety by reference to the full text of the Lease Agreement which is filed as Exhibit 10.1
hereto and is incorporated herein by reference.
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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.
Claires Stores, Inc. |
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Date: February 25, 2010 | By: | /s/ J. Per Brodin | ||
Name: | J. Per Brodin | |||
Title: | Chief Financial Officer |
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EXHIBIT INDEX
Exhibit No. | Description | |||
10.1 | Lease Agreement, dated as of February 19, 2010, by and between
AGNL Bling, L.L.C. and Claires Boutiques, Inc.* |
* | Included herewith |
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