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FRED > SEC Filings for FRED > Form 8-K on 9-Jan-2014All Recent SEC Filings

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Form 8-K for FREDS INC


Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statemen

ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

On January 9, 2014, Alan C. Crockett, Executive Vice President and General Merchandise Manager, resigned from those positions. Crockett is a named executive officer of the Company.

Effective immediately, Fred's Chief Executive Officer Bruce Efird will assume responsibility for managing the Company's merchandising and marketing activities, in addition to overseeing the pharmacy department. Rick Chambers, Executive Vice President - Pharmacy Operations, will continue to report to Efird. Jerry Shore, Executive Vice President and Chief Financial Officer, will assume the additional title of Chief Operating Officer and will be responsible for the Company's financial operations, information technology, store operations, distribution services, legal, and human resources.

ITEM 7.01. Regulation FD Disclosure.

Separately, on January 9, 2014, the Company issued a press release announcing that the Company's Board of Directors has retained BofA Merrill Lynch and Peter J. Solomon Company to review strategic opportunities to enhance shareholder value. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. The information in this report under this Item 7.01, including the exhibit attached hereto, is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release issued by Fred's, Inc., dated January 9, 2014.

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