Item 8.01. Other Events.

On December 7, 2012, Hastings Entertainment, Inc. (the "Company") announced that its Board of Directors adopted a dividend policy under which the Company intends to pay an annual dividend on its common stock. The initial annual dividend rate will be $0.02 per share. In addition to adopting the annual dividend policy described above, on December 7, 2012 the Board of Directors declared a special dividend of $0.35 per common share. Both the initial dividend declared under the annual dividend policy and the special dividend will be paid on December 31, 2012 to shareholders of record as of December 21, 2012.

Item 9.01. Financial Statements and Exhibits.

99.1 Press Release dated December 10, 2012

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HASTINGS ENTERTAINMENT, INC.