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)
|
November
13, 2006
|
THE
CHILDREN'S PLACE RETAIL STORES, INC.
__________________________________________________________________________________________________________________________
|
(Exact
name of registrant as specified in its charter)
|
|
DELAWARE
(State
or other jurisdiction
of
incorporation)
|
0-23071
(Commission
File
Number)
|
31-1241495
(IRS
Employer ID
Number)
|
|
915
Secaucus Road, Secaucus, New Jersey
|
07094
|
| (Address of principal executive offices) |
(Zip
Code)
|
|
Registrant's
Telephone Number, including area code:
|
(201)
558-2400
|
|
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:
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
8.01 Other Events
The
Children's Place Retail Stores, Inc. (the “Company”) announced on November 13,
2006 that it will delay the release of its preliminary third quarter 2006
financial results, originally
planned for November 16, 2006, pending the completion of the investigation
being
conducted by outside counsel into the Company's stock option practices. The
Company also stated that while the investigation into its stock option grant
practices has been progressing, at the recent request of the Audit Committee,
the Company's outside counsel is performing additional analysis of various
stock
option grants to determine whether they impact the conclusions announced by
the
Company on September 7, 2006.
A
copy of
the Company’s press release is included as Exhibit 99.1 hereto.
| (a) |
Financial
Statements of Business Acquired: Not
applicable
|
| (b) |
Pro
Forma Financial Information: Not
applicable
|
| (c) |
Exhibits:
|
| 99.1 |
Press
Release dated November 13, 2006.
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
THE
CHILDREN'S PLACE RETAIL STORES, INC.
|
||
| |
|
|
| By: | /s/ Susan Riley | |
|
Name: Susan
Riley, Senior Vice President, Chief Financial Officer
|
||
FOR
IMMEDIATE RELEASE
THE
CHILDREN’S PLACE RETAIL STORES, INC. DELAYS THIRD QUARTER 2006 EARNINGS RELEASE
AND CONFERENCE CALL PENDING COMPLETION OF REVIEW OF STOCK OPTION PRACTICES
SECAUCUS,
NJ, November 13, 2006 - The Children's Place Retail Stores, Inc. (Nasdaq: PLCE)
announced today that it will delay the release of its preliminary third
quarter 2006 financial results, originally planned for November 16,
2006, pending the completion of the investigation being conducted by
outside counsel into the Company's stock option practices. The Company
expects its preliminary third quarter results will be released after the
stock option investigation is concluded.
The
Company commented that while the investigation into its stock option grant
practices has been progressing, at the recent request of the Audit
Committee, the Company's outside counsel is performing additional
analysis of various stock option grants to determine whether they impact the
conclusions announced on September 7, 2006. The Company remains committed
to resolving these issues as quickly as possible and believes that the
additional time is necessary to enable this process to be completed in an
orderly, prudent and conclusive fashion.
The
Children’s Place Retail Stores, Inc. is a leading specialty retailer of
children’s merchandise. The Company designs, contracts to manufacture and sells
high-quality, value-priced merchandise under the proprietary “The Children’s
Place” and licensed “Disney Store” brand names. As of October 28, 2006, the
Company owned and operated 851 The Children’s Place stores and 331 Disney Stores
in North America and The Children’s Place online store at www.childrensplace.com.
This
press release may contain certain forward-looking statements regarding future
circumstances. These forward-looking statements are based upon the Company’s
current expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially from those
contemplated in such forward-looking statements including, in particular, the
risks and uncertainties described in the Company’s filings with the Securities
and Exchange Commission. Actual
results, events, and performance may differ. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of
the
date hereof. We undertake no obligation to release publicly any revisions to
these forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this release does not
constitute an admission by The Children's Place or any other person that the
events or circumstances described in such statement are
material.
CONTACT: The
Children’s Place Retail Stores, Inc.
Heather
Anthony, Senior Director, Investor Relations (201) 558-2865
###
