-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BnhJKQzF2o0+CHbOtUTYubOGOTIwZabUn2bzkogR0LY2rjpJqj4x295Bv+tDYd8z 0gPwNAPiBogEtnxJGJXW4Q== 0001181431-08-026358.txt : 20080424 0001181431-08-026358.hdr.sgml : 20080424 20080423192722 ACCESSION NUMBER: 0001181431-08-026358 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080423 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080424 DATE AS OF CHANGE: 20080423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHARPER IMAGE CORP CENTRAL INDEX KEY: 0000811696 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 942493558 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15827 FILM NUMBER: 08772782 BUSINESS ADDRESS: STREET 1: 350 THE EMBARCADERO STREET 2: 6TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4154456000 MAIL ADDRESS: STREET 1: 350 THE EMBARCADERO STREET 2: 6TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 8-K 1 rrd203769.htm PRESS RELEASE ANNOUNCING INTENT TO PURSUE SALE OF BUSINESS AND ASSETS Prepared By R.R. Donnelley Financial -- Form 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):  04/23/2008
 
SHARPER IMAGE CORPORATION
(Exact name of registrant as specified in its charter)
 
Commission File Number:  0-15827
 
DELAWARE
  
94-2493558
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
350 THE EMBARCADERO, 6TH FLOOR
SAN FRANCISCO, CALIFORNIA 94105
(Address of principal executive offices, including zip code)
 
(415) 445-6000
(Registrant’s telephone number, including area code)
 
(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 8.01.    Other Events
 
Sharper Image Corporation (the "Company") (Ticker: SHRPQ.PK), announced today it has elected to pursue a sale of its business and assets pursuant to the provisions of the bankruptcy code and will solicit indications of interest from potential acquirers. However, any sale will be subject to approval of the bankruptcy court having jurisdiction of the Company's chapter 11 case.

A copy of the Company's press release making such announcement is filed as Exhibit 99.1 to this Form 8-K and is incorporated by reference in this Item 8.01.

 

 

Signature(s)
 
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.
 
      
 
SHARPER IMAGE CORPORATION
 
 
Date: April 23, 2008
     
By:
 
/s/    James M. Sander
               
James M. Sander
               
Senior Vice President, General Counsel
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Press release announcing the intent to sell business and assets
EX-99.1 2 rrd203769_24113.htm PRESS RELEASE ANNOUNCING THE INTENT TO SELL BUSINESS AND ASSETS DC4146.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing
THE SHARPER IMAGE ®     
350 The Embarcadero     
San Francisco, CA 94105    Corporate Headquarters 
 
FOR IMMEDIATE RELEASE     
April 23, 2008     

Sharper Image Corporation Announces Intent to Pursue Sale of the Company and its Assets

SAN FRANCISCO--April 23, 2008-- Sharper Image Corporation (the “Company”) (Ticker: SHRPQ.PK), announced today it has elected to pursue a sale of its business and assets pursuant to the provisions of the bankruptcy code and will solicit indications of interest from potential acquirers. Persons interested in acquiring all or part of the business or assets of the Company should contact Robert Del Genio at 212.813.1300. Any sale will be subject to approval of the bankruptcy court having jurisdiction of the Company’s chapter 11 case. The Company will pursue establishment of bid procedures and the conduct of an auction as soon as reasonably practicable. It is the Company’s intention to complete the sale process and seek approval of the sale by the bankruptcy court by the end of May 2008. Robert Conway, Chief Executive Officer of the Company, said that “given the present retail climate and specialty nature of the Company, as well as the limited financing available to the Company, a sale of its business and assets at this time will preserve values and yield the best recovery to the Company.”

About Sharper Image

The Sharper Image is a specialty retailer that is nationally and internationally renowned as a leading source of new, innovative, high-quality products that make life better and more enjoyable. The Company’s principal selling channels include Sharper Image specialty stores throughout the United States; the award-winning Sharper Image monthly catalog; and its primary Web site, www.sharperimage.com. The Company also has business-to-business sales teams for marketing its exclusive and proprietary products for corporate incentive and reward programs and wholesale to selected U.S. and international retailers.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Company’s current plans, expectations, estimates, and projections about the specialty retail industry and management’s beliefs about the Company’s future performance. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates” or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and which may cause the Company’s actual results and performance to differ materially from

those expressed or forecasted in any such forward-looking statements. Some of these risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2007 under “Risk Factors”. These risks include, among other factors, the success of its new business strategy, its ability to continue to find or develop and to offer attractive merchandise to customers, the market potential for products in design, the success of its advertising efforts, changes in business and economic conditions, risks associated with its retail store, catalog and Internet operations, and changes in the competitive environment in which it operates. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements. However, readers should carefully review the statements set forth in the reports, which the Company files from time to time with the Securities and Exchange Commission, particularly its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.

CONTACT:
Sharper Image Corporation
Tersh Barber, 415-445-6274
VP, Finance

Conway Del Genio Gries & Co., LLC
Robert Del Genio, 212-813-1300
Principal

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