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): October 19, 2004
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CIRCUIT CITY STORES, INC.
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction of
incorporation)
001-05767 54-0493875
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(Commission (I.R.S. Employer
File No.) Identification No.)
9950 Mayland Drive, Richmond, Virginia 23233
(Address of principal executive offices) (Zip Code)
(804) 527-4000
(Registrant's telephone number, including area code)
N/A
(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))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01. Entry into a Material Definitive Agreement.
On October 19, 2004, the Board of Directors of Circuit City Stores, Inc.
(the "Company") approved the amendment and restatement of the Circuit City
Stores, Inc. Benefit Restoration Plan (the "Benefit Restoration Plan"),
effective as of February 28, 1999, the original effective date of the plan.
The Company maintains the Benefit Restoration Plan to provide compensation
competitiveness and to create a retirement program that restores benefits for
the Company's more senior executives who are affected by Internal Revenue Code
limits on benefits provided to them under the Company's Retirement Plan. Subject
to an annual limit, the Benefit Restoration Plan and the Retirement Plan
together provide benefits to employees affected by the Internal Revenue Code
limits at approximately the same percentage of average compensation as for other
employees.
A copy of the Benefit Restoration Plan is filed as Exhibit 10.1 to this
report and is incorporated herein by reference.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description of Exhibit
10.1 Circuit City Stores, Inc. Benefit Restoration Plan
SIGNATURE
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.
CIRCUIT CITY STORES, INC.
By: /s/ W. Alan McCollough
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W. Alan McCollough
Chairman, President and
Chief Executive Officer
Date: October 22, 2004
EXHIBIT INDEX
Exhibit No. Description of Exhibit
10.1 Circuit City Stores, Inc. Benefit Restoration Plan