8-K

 

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): February 8, 2006

Kirkland's, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Tennessee	000-49885	621287151
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
805 North Parkway, Jackson, Tennessee		38305
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 731-668-2444

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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Effective February 8, 2006, the Board of Directors of Kirkland's, Inc. terminated the employment of Jack E. Lewis as President and Chief Executive Officer of the Company.

Effective February 8, 2006, Robert Alderson has been elected to serve as Chief Executive Officer and President of the Company on an interim basis. The Board of Directors is launching an immediate search for a Chief Executive Officer.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

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.

	Kirkland's, Inc.
February 10, 2006	By:	/s/ Robert E. Alderson
		Name: Robert E. Alderson
		Title: President and Chief Executive Officer

Exhibit Index

Exhibit No.	Description
99.1	Kirkland's, Inc. press release dated February 8, 2006 regarding the announcement of the termination of Jack E. Lewis.

EX-99.1

News Release

Contact: Rennie Faulkner

Executive Vice President & CFO

(731) 668-2444

KIRKLAND’S ANNOUNCES TERMINATION OF JACK LEWIS

JACKSON, Tenn. (February 8, 2006) — Kirkland’s, Inc. (NASDAQ/NM: KIRK) today announced that its Board of Directors has terminated the employment of Jack E. Lewis as President and Chief Executive Officer of the Company, effective immediately.

At the request of the Board of Directors, Robert Alderson, Chairman of the Board, will serve as President and Chief Executive Officer on an interim basis. The Board is launching an immediate search for a Chief Executive Officer. Commenting on the announcement, Mr. Alderson said, “Our management team remains optimistic about the future of Kirkland’s. We are actively engaged in finding a chief executive who can lead this talented and experienced team, and who can help us build a strong and successful company for the long term.”

Kirkland’s, Inc. was founded in 1966 and is a leading specialty retailer of home décor in the United States. Although originally focused in the Southeast, the Company has grown beyond that region and currently operates 334 stores in 37 states. The Company’s stores present a broad selection of distinctive merchandise, including framed art, mirrors, candles, lamps, picture frames, accent rugs, garden accessories and artificial floral products. The Company’s stores also offer an extensive assortment of holiday merchandise, as well as items carried throughout the year suitable for giving as gifts. More information can be found at www.kirklands.com.

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Kirkland’s actual results to differ materially from forecasted results. Those risks and uncertainties include, among other things, the competitive environment in the home décor industry in general and in Kirkland’s specific market areas, inflation, product availability and growth opportunities, seasonal fluctuations, and economic conditions in general. Those and other risks are more fully described in Kirkland’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K filed on April 14, 2005. Kirkland’s disclaims any obligation to update any such factors or to publicly announce results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

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