Item 8.01. Other Events
In a press release dated December 8, 2008, Hastings Entertainment, Inc. (the "Company") announced that its Board of Directors has authorized the repurchase of up to $5.0 million of the Company's outstanding common stock. This program is in addition to the Company's previously announced stock repurchase programs, which totaled $22.5 million. The repurchases will be made in the open market at prevailing market prices or in privately negotiated transactions in accordance with all applicable securities laws and regulations. Such repurchases may occur from time to time and may be discontinued at any time. A copy of this press release is filed herewith as Exhibit 99.1 and incorporated herein by this reference.
Section 9 - Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits
99.1 Press Release dated December 8, 2008.

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HASTINGS ENTERTAINMENT, INC.