Item 7.01 Regulation FD Disclosure
Pier 1 Imports, Inc. (the "Company") announced on February 18, 2020, that, among
other things, the Company and its subsidiaries (together, the "Debtors") each
filed a voluntary petition in the U.S. Bankruptcy Court for the Eastern District
of Virginia (the "Bankruptcy Court") requesting relief under Chapter 11 of Title
11 of the United States Bankruptcy Code (collectively, the "Chapter 11
Proceedings"). The Chapter 11 Proceedings are being jointly administered under
the caption and case number: In re Pier 1 Imports, Inc., et al., Case No.
On October 1, 2020, the Debtors filed with the Bankruptcy Court their monthly
operating report for the period beginning August 1, 2020 and ending August 31,
2020 (the "Monthly Operating Report"). The Monthly Operating Report is attached
hereto as Exhibit 99.1 and is incorporated herein by reference. This Current
Report on Form 8-K (including the exhibit hereto) (this "Form 8-K") will not be
deemed an admission as to the materiality of any information disclosed herein.
The Monthly Operating Report and other documents filed with the Bankruptcy Court
are available for inspection at https://dm.epiq11.com/case/pier1. Documents and
other information available on such website are not part of this Form 8-K and
are not deemed to be incorporated by reference in this Form 8-K.
The information contained in this Item 7.01, including Exhibit 99.1, are not
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, and are not deemed to be incorporated by reference
into any of the Company's filings with the Securities and Exchange Commission
(the "SEC"), whether made before or after the date hereof and regardless of any
general incorporation language in such filings, except to the extent expressly
set forth by specific reference in such a filing.
Cautionary Statement Regarding the Monthly Operating Report
The Company cautions investors and potential investors not to place undue
reliance upon the information contained in the Monthly Operating Report, which
was not prepared for the purpose of providing the basis for an investment
decision relating to any of the securities of the Company. The Monthly Operating
Report is limited in scope, covers a limited time period and has been prepared
solely for the purpose of complying with the monthly reporting requirements of
the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed
by independent accountants, was not prepared in accordance with generally
accepted accounting principles, is in a format prescribed by applicable
bankruptcy laws or rules, and is subject to future adjustment and
reconciliation. There can be no assurance that, from the perspective of an
investor or potential investor in the Company's securities, the Monthly
Operating Report is complete. Results set forth in the Monthly Operating Report
should not be viewed as indicative of future results.
As reported in a Form 12b-25 filed by the Company on May 28, 2020, the Company
is not filing an Annual Report on Form 10-K for the fiscal year ended February
29, 2020, or any other reports on Forms 10-Q or 10-K for subsequent periods.
Instead, the Company intends to file Current Reports on Form 8-K containing the
Company's monthly operating reports that are filed by the Company with the
Item 9.01 Financial Statements and Exhibits
(a) - (c) Not Applicable.
99.1 Monthly Operating Report for the period beginning August 1, 2020 and
ending August 31, 2020
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