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) January 20, 2006
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A.C. Moore Arts & Crafts, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 000-23157 22-3527763
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
130 A.C. Moore Drive, Berlin, NJ 08009
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (856) 768-4930
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Not Applicable
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(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 (see General Instruction A.2. below):
|_| 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 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On January 20, 2006, the Registrant issued a press release. A copy of
the press release is furnished as Exhibit 99.1 to this Current Report.
The press release includes (1) projected earnings per share which
excludes the effect of accounting for stock based compensation and (2) a net
income growth ratio which excludes the effect of accounting for stock based
compensation, which are each non-GAAP financial measures. For purposes of SEC
Regulation G, a non-GAAP financial measure is a numerical measure of a
registrant's historical or future financial performance, financial position or
cash flows that excludes amounts, or is subject to adjustments that have the
effect of excluding amounts, that are included in the most directly comparable
financial measure calculated and presented in accordance with GAAP in the
statement of operations, balance sheet or statement of cash flows (or equivalent
statements) of the registrant; or includes amounts, or is subject to adjustments
that have the effect of including amounts, that are excluded from the most
directly comparable financial measure so calculated and presented. In this
regard, GAAP refers to generally accepted accounting principles in the United
States of America.
Management uses (1) projected earnings per share without the effect of
accounting for stock based compensation and (2) a net income growth ratio which
excludes the effect of accounting for stock based compensation, as financial
measures to assess the performance of the Registrant's business. Management also
believes that providing this information to investors assists investors in
analyzing and benchmarking the performance and value of the Registrant's
business.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
The following exhibit is filed herewith:
Exhibit No. Description
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99.1 Press release dated January 20, 2006.
SIGNATURE
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.
A.C. MOORE ARTS & CRAFTS, INC.
Date: January 20, 2006 By: /s/ Leslie H. Gordon
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Name: Leslie H. Gordon
Title: Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press release dated January 20, 2006.