( X )
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
| Virginia | 54-1387365 | |
| (State or other jurisdiction of | (I.R.S. Employer | |
| incorporation or organization) | Identification No.) | |
Indicate by check mark whether Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes (X) No ( )
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. (X)
Indicate by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of the Act). Yes (X) No ( )
The aggregate market value of Common Stock held by non-affiliates of the Registrant on August 2, 2003, was $4,208,274,759 based on a $36.67 average of the high and low sales prices for the Common Stock on such date. For purposes of this computation, all executive officers and directors have been deemed to be affiliates. Such determination should not be deemed to be an admission that such executive officers and directors are, in fact, affiliates of the Registrant.
On April 5, 2004, there were 113,593,263 shares of the Registrant’s Common Stock outstanding.
The information regarding securities authorized for issuance under equity compensation plans called for in Item 5 of Part II and the information called for in Items 10, 11, 12, 13 and 14 of Part III are incorporated by reference to the definitive Proxy Statement for the Annual Meeting of Stockholders of the Company to be held June 17, 2004, which will be filed with the Securities and Exchange Commission not later than April 29, 2004.
Dollar Tree Stores, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-K/A to amend its Annual Report on Form 10-K for the fiscal year ended January 31, 2004, as filed with the Securities and Exchange Commission on April 13, 2004 (the “Original Filing”). The Company is filing this amendment to its Original Filing for the following purposes:
| (1) | to correct the high and low sales prices of its common stock for fiscal year ended January 31, 2004, in Part II, Item 5 — Market for Registrant’s Common Equity and Related Stockholder Matters and |
| (2) | to incorporate exhibits 10.2, 10.3 and 10.4 in Item 15 – Exhibits, Financial Statement Schedules, and Reports on Form 8-K. |
Except as indicated above, no other information included in the Original Filing is amended by this Form 10-K/A Amendment No. 1. In addition, this Amendment No. 1 does not otherwise update information in the Original Filing to reflect facts or events occurring subsequent to the date of the Original Filing.
Our common stock has been traded on The Nasdaq Stock Market® under the symbol “DLTR” since our initial public offering on March 6, 1995. The following table gives the high and low sales prices of our common stock as reported by Nasdaq for the periods indicated.
| High |
Low | |||||||
|---|---|---|---|---|---|---|---|---|
| Fiscal year ended January 31, 2004: | ||||||||
| First Quarter | $ | 26 | .16 | $ | 17 | .40 | ||
| Second Quarter | 37 | .62 | 24 | .82 | ||||
| Third Quarter | 39 | .75 | 33 | .47 | ||||
| Fourth Quarter | 38 | .74 | 27 | .36 | ||||
(a) Documents filed as part of this report:
| 1. | Financial Statements. Reference is made to the Index to the Consolidated Financial Statements set forth under Part II, Item 8, on Page 23 of this Form 10-K. |
| 2. | Financial Statement Schedules. All schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions, are not applicable, or the information is included in the Consolidated Financial Statements, and therefore have been omitted. |
| 3. | Exhibits. The following exhibits, are filed as part of, or incorporated by reference into, this report. |
| 3. | Articles and Bylaws |
| 3.1 | Third Restated Articles of Incorporation of Dollar Tree Stores, Inc. (the Company), as amended (Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 1996 incorporated herein by this reference) |
| 3.2 | Second Restated Bylaws of the Company (Exhibit 3.2 to the Company's Registration Statement on Form S-1, No. 33-88502, incorporated herein by this reference) |
| 10. | Material Contracts |
| 10.1 | Credit Agreement among Dollar Tree Distribution, Inc., as Borrower, Certain of the Domestic Affiliates of the Borrower from Time to Time Parties Hereto, as Guarantors; the Lender Parties Hereto, Fleet National Bank, as Syndication Agent, SunTrust Bank, as Documentation Agent, and Wachovia Bank, National Association, as Administrative Agent, dated as of May 30, 2003 (Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended May 3, 2003, incorporated herein by this reference) |
| 10.2 | 2003 Equity Incentive Plan (Exhibit B to the Definitive Proxy Statement, filed April 30, 2003, incorporated herein by this reference) |
| 10.3 | 2003 Non-Employee Director Stock Option Plan (Exhibit C to the Definitive Proxy Statement, filed April 30, 2003, incorporated herein by this reference) |
| 10.4 | 2003 Director Deferred Compensation Plan (Exhibit D to the Definitive Proxy Statement, filed April 30, 2003, incorporated herein by this reference) |
| 21. | Subsidiaries of the Registrant |
| 21.1 | Subsidiaries (already filed) |
| 23. | Consents of Experts and Counsel |
| 23.1 | Independent Auditors' Consent (already filed) |
| 31. | Certifications required under Section 302 of the Sarbanes-Oxley Act |
| 31.1 | Certification required under Section 302 of the Sarbanes-Oxley Act of Chief Executive Officer |
| 31.2 | Certification required under Section 302 of the Sarbanes-Oxley Act of Chief Financial Officer |
| 32. | Statements under Section 906 of the Sarbanes-Oxley Act |
| 32.1 | Statement under Section 906 of the Sarbanes-Oxley Act of Chief Executive Officer |
| 32.2 | Statement under Section 906 of the Sarbanes-Oxley Act of Chief Financial Officer |
(b) The following reports on Form 8-K were filed since November 1, 2003:
| 1. | Report on Form 8-K, filed April 6, 2004, included a business update for the first quarter of fiscal 2004. |
| 2. | Report on Form 8-K, filed March 31, 2004, included a press release regarding the transition of Dollar Tree Stores, Inc.‘s Chief Financial Officer to a new expanded Corporate Secretary position and its nationwide search for a new Chief Financial Officer. |
| 3. | Report on Form 8-K, filed March 19, 2004, regarding the participation of Dollar Tree Stores, Inc. in the Merrill Lynch Retailing Leaders Conference, the closing of a revolving debt facility and the opening of the Ridgefield, Washington distribution center. |
| 4. | Report on Form 8-K, filed February 27, 2004, included the summarized information discussed in Dollar Tree Stores, Inc.‘s publicly available telephone conference call on February 24, 2004, regarding its fiscal fourth quarter and full year 2003 earnings results. |
| 5. | Report on Form 8-K, filed February 24, 2004, included a press release regarding earnings for the fiscal fourth quarter ended January 31, 2004 and the year then ended. |
| 6. | Report on Form 8-K, filed February 5, 2004, included a press release regarding the fiscal fourth quarter 2003 sales results. |
| 7. | Report on Form 8-K, filed January 5, 2004, included a business update for the fourth quarter of fiscal 2003. |
| 8. | Report on Form 8-K, filed on December 16, 2003, regarding the appointment of a new member to the Company’s Board of Directors. |
| 9. | Report on Form 8-K, filed on November 28, 2003, included the summarized information discussed in Dollar Tree Stores, Inc.‘s publicly available telephone conference call on November 25, 2003 regarding its fiscal third quarter 2003 earnings results. |
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DOLLAR TREE STORES, INC.
DATE: April 23, 2004
By: /s/ Bob Sasser —————————————— Bob Sasser Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Signature | Title | Date |
|---|
| *—————————— Macon F. Brock, Jr. |
Chairman; Director | April 23, 2004 |
| /s/ Bob Sasser
—————————— Bob Sasser |
Chief Executive Officer (principal executive officer) |
April 23, 2004 |
| *——————————
John F. Megrue |
Director | April 23, 2004 |
| *——————————
J. Douglas Perry |
Chairman Emeritus; Director | April 23, 2004 |
| *——————————
H. Ray Compton |
Director | April 23, 2004 |
| /s/ Frederick C. Coble
—————————— Frederick C. Coble |
Chief Financial Officer (principal executive officer) |
April 23, 2004 |
| *——————————
Richard G. Lesser |
Director | April 23,2004 |
| *——————————
Thomas A. Saunders, III |
Director | April 23,2004 |
| *——————————
Eileen R. Scott |
Director | April 23, 2004 |
| *——————————
Thomas E. Whiddon |
Director | April 23, 2004 |
| *——————————
Alan L. Wurtzel |
Director | April 23, 2004 |
*By: /s/ Frederick C. Coble —————————————— Frederick C. Coble attorney-in-fact |
Index to Exhibits
3. Articles and Bylaws
| 3.1 | Third Restated Articles of Incorporation of Dollar Tree Stores, Inc. (the Company), as amended (Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 1996 incorporated herein by this reference) |
| 3.2 | Second Restated Bylaws of the Company (Exhibit 3.2 to the Company’s Registration Statement on Form S-1, No. 33-88502, incorporated herein by this reference) |
10. Material Contracts
| 10.1 | Credit Agreement among Dollar Tree Distribution, Inc., as Borrower, Certain of the Domestic Affiliates of the Borrower from Time to Time Parties Hereto, as Guarantors; the Lender Parties Hereto, Fleet National Bank, as Syndication Agent, SunTrust Bank, as Documentation Agent, and Wachovia Bank, National Association, as Administrative Agent, dated as of May 30, 2003 (Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended May 3, 2003, incorporated herein by this reference) |
| 10.2 | 2003 Equity Incentive Plan (Exhibit B to the Definitive Proxy Statement, filed April 30, 2003, incorporated herein by this reference) |
| 10.3 | 2003 Non-Employee Director Stock Option Plan (Exhibit C to the Definitive Proxy Statement, filed April 30, 2003, incorporated herein by this reference) |
| 10.4 | 2003 Director Deferred Compensation Plan (Exhibit D to the Definitive Proxy Statement, filed April 30, 2003, incorporated herein by this reference) |
21. Subsidiaries of the Registrant
| 21.1 | Subsidiaries (already filed) |
23. Consents of Experts and Counsel
| 23.1 | Independent Auditors’ Consent (already filed) |
31. Certifications required under Section 302 of the Sarbanes-Oxley Act
| 31.1 | Certification required under Section 302 of the Sarbanes-Oxley Act of Chief Executive Officer |
| 31.2 | Certification required under Section 302 of the Sarbanes-Oxley Act of Chief Financial Officer |
32. Statements under Section 906 of the Sarbanes-Oxley Act
| 32.1 | Statement under Section 906 of the Sarbanes-Oxley Act of Chief Executive Officer |
| 32.2 | Statement under Section 906 of the Sarbanes-Oxley Act of Chief Financial Officer |