SEC 1473 (09-02)

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(Print or Type Responses)

 

1. Name and Address of Reporting      Person*   Boyer         Jeffrey            N.          (Last)         (First)          (Middle) 8000 Bent Branch Drive (Street) Irving       Texas         75063    (City)        (State)          (Zip)

2. Date of Event     Requiring Statement     (Month/Day/Year) January 13, 2003  3. I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)

4. Issuer Name and Ticker     or Trading Symbol Michaels Stores, Inc. (MIK)  5. Relationship of Reporting Person(s) to Issuer      (Check all applicable)         Director         10% Owner   X   Officer (give title below)         Other (specify below) Executive Vice President - Chief Financial Officer

6. If Amendment,     Date of Original     (Month/Day/Year)        7. Individual or Joint/Group      Filing (Check Applicable Line)   X   Form filed by One Reporting Person         Form filed by More than One         Reporting Person

 

Table I - Non-Derivative Securities Beneficially Owned

 

1. Title of Security     (Instr. 4)	2.  Amount of     Securities     Beneficially     Owned     (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I)     (Instr. 5)	4. Nature of Indirect Beneficial Ownership     (Instr. 5)
No Common Stock Owned

 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

 

1. Title of     Derivative     Security     (Instr. 4)	2.  Date Exercisable and     Expiration Date     (Month/Day/Year)		3. Title and Amount of     Securities Underlying Derivative     Security (Instr. 4)		4. Conversion or     Exercise Price of     Derivative     Security	5. Ownership     Form of Derivative     Securities: Direct (D)     or Indirect (I) (Instr. 5)	6. Nature of Indirect     Beneficial     Ownership     (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

Explanation of Responses:

 

 

/s/ Elizabeth K. Giddens		January 16, 2003
** Signature of Reporting Person Elizabeth K. Giddens, Attorney-in-Fact for Jeffrey N. Boyer		Date

 

*		If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**		Intentional misstatements or omissions of facts constitute Federal Criminal Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:		File three copies of this Form, one of which must be manually signed. If space is insufficient,
		See Instruction 6 for procedure.

 

 

http://www.sec.gov/divisions/corpfin/forms/form3.htm

Last update: 09/03/2002

 

 

 

POWER OF ATTORNEY

The undersigned hereby constitutes and appoints each of Mark V. Beasley, Robert L. Estep, Mark V. Minton, Anna Marie Dempsey and Elizabeth K. Giddens, or any of them, signing singly, the undersigned’s true and lawful attorney-in-fact to:

 

(1)         execute for and on behalf of the undersigned, in the undersigned’s capacity as an officer and/or director of Michaels Stores, Inc. (the “Company”), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 

(2)         do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file any such form or forms with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

 

(3)         take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s sole discretion.

 

The undersigned hereby grants to each such attorney-in-fact and any of them full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that any such attorney-in-fact, or any such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.  The undersigned acknowledges that none of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

 

The execution by the undersigned of this power of attorney hereby expressly revokes and terminates any powers of attorney previously granted by the undersigned relating to Forms 3, 4 and 5.  This power of attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

 

IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of the 13^th day of January, 2003.

 

/s/ Jeffrey N. Boyer

Jeffrey N. Boyer