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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) May 29, 2002
Charming Shoppes, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Pennsylvania
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(State or Other Jurisdiction of Incorporation)
000-07258 23-1721355
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(Commission File Number) (I.R.S. Employer Identification No.)
450 Winks Lane
Bensalem, Pennsylvania 19020
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(Address of Principal Executive Offices) (Zip Code)
(215) 245-9100
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events and Regulation FD Disclosure
On May 29, 2002, Charming Shoppes, Inc. (the "Company") issued a press
release announcing that it has called for redemption its Convertible
Subordinated Notes due 2006 (the "Notes") issued pursuant to an Indenture
between the Company and Wachovia Bank, National Association (formerly known as
First Union National Bank). The redemption price is 102.500% of the principal
amount of the Notes, plus accrued and unpaid interest thereon up to but not
including the date of redemption. The Notes may be converted into shares of the
Company's common stock until the close of business on June 27, 2002 at a
conversion price of $7.46. The Notes are being called for redemption on June
28, 2002.
The full text of the press release is as follows:
Charming Shoppes, Inc. Calls for Redemption of its
Convertible Subordinated Notes due 2006
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Bensalem, PA--May 29, 2002--Charming Shoppes, Inc. (Nasdaq: CHRS) today
announced that it has called for redemption its Convertible Subordinated Notes
due 2006 (the "Notes") issued pursuant to an Indenture between the Company and
Wachovia Bank, National Association (formerly known as First Union National
Bank), as trustee. The redemption price is 102.500% of the principal amount of
the Notes, plus accrued and unpaid interest thereon up to but not including the
date of redemption. There is currently $96,024,000 in principal amount of the
Notes outstanding.
The Notes have a maturity date of June 15, 2006 and may be converted into
shares of the Company's common stock at a conversion price of $7.46. The Notes
are being called for redemption on June 28, 2002. The right to convert the
Notes into shares of the Company's common stock will expire at the close of
business on June 27, 2002.
Charming Shoppes, Inc. operates 2,415 stores in 48 states under the names
LANE BRYANT(R), FASHION BUG(R), FASHION BUG PLUS(R), CATHERINE'S PLUS SIZES(R),
ADDED DIMENSIONS(R), THE ANSWER(R), MONSOON(R)and ACCESSORIZE(R). Monsoon and
Accessorize are registered trademarks of Monsoon Accessorize Ltd.
Contact: Charming Shoppes, Inc.
215-638-6955
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.
CHARMING SHOPPES, INC.
(Registrant)
Dated: May 29, 2002 By: /S/ Eric. M. Specter
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Name: Eric M. Specter
Title: Executive Vice President