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 and Exchange Act of 1934
Date of Report (Date of earliest event reported) March 20, 2006
PIER 1 IMPORTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7832 75-1729843
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
100 Pier 1 Place, Fort Worth, Texas 76102
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(Address of principal executive offices, including zip code)
817-252-8000
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(Registrant's telephone number, including area code)
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
In a press release issued on March 20, 2006, Pier 1 Imports, Inc. announced
that it has sold its subsidiary, The Pier Retail Group Limited, to Palli
Limited for approximately $15 million. Palli Limited is a wholly owned
subsidiary of Lagerinn ehf, an Iceland corporation owned by Jakup a Dul
Jacobsen. A copy of the press release is attached hereto as Exhibit 99.1,
is incorporated herein by reference, and is hereby filed.
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
Exhibit No. Description
99.1 Press release dated March 20, 2006 issued by Pier 1 Imports,
Inc.
SIGNATURES
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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.
PIER 1 IMPORTS, INC.
Date: March 20, 2006 By: /s/ Michael A. Carter
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Michael A. Carter,
Senior Vice President
and General Counsel, Secretary
EXHIBIT INDEX
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Exhibit No. Description
99.1 Press release dated March 20, 2006 announcing the subsidiary
sale of The Pier Retail Group Limited to Palli Limited.
Palli Limited is a wholly owned subsidiary of Lagerinn ehf,
an Iceland corporation owned by Jakup a Dul Jacobsen.