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 28, 2005
CHARMING SHOPPES, INC.
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 000-07258 23-1721355
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
450 WINKS LANE, BENSALEM, PA 19020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (215) 245-9100
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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 simul-
taneously 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 1.01 Entry Into a Material Definitive Agreement.
On January 31, 1996, Lane Bryant, Inc and Sierra Nevada Factoring, Inc. entered
into a Credit Card Processing Agreement with World Financial Network National
Bank (the "Bank") to provide an accounts receivable proprietary credit card
program for our Lane Bryant brand. This program was scheduled to expire in
January 2006. Under this agreement, the Bank reimburses us daily for sales
generated by the Lane Bryant credit card accounts. A copy of this Agreement is
attached as Exhibit 10.1.9 to our Annual Report on Form 10-K for the fiscal year
ended February 2, 2002. Additional information regarding this agreement is
included in "Part II, Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations; Financial Condition; Off-Balance-Sheet
Arrangements" and "Part II, Item 8. Financial Statements and Supplementary Data;
Notes to Consolidated Financial Statements; Note 16. Asset Securitization" of
our Annual Report on Form 10-K for the fiscal year ended January 31, 2004.
On January 28, 2005, Lane Bryant, Inc. and Sierra Nevada Factoring, Inc. entered
into an Amendment to Credit Card Processing Agreement which extends the term of
the existing Credit Card Processing Agreement until October 31, 2007. This
Amendment also reduces the discount rate under the Agreement and provides for a
marketing contribution to be paid to Lane Bryant, Inc. on January 3, 2006.
Finally, this Amendment clarifies certain provisions relating to the Company's
right to purchase the Lane Bryant retail store credit card accounts upon
termination.
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SIGNATURES
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.
CHARMING SHOPPES, INC.
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(Registrant)
Date: February 2, 2005
/S/ ERIC M. SPECTER
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Eric M. Specter
Executive Vice President
Chief Financial Officer
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