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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)            March 4, 2008           
Wilsons The Leather Experts Inc.
(Exact name of registrant as specified in its charter)
         
Minnesota
(State or other jurisdiction
of incorporation)
  000-21543
(Commission File Number)
  41-1839933
(IRS Employer
Identification No.)
         
7401 Boone Ave. N.
   
Brooklyn Park, Minnesota
  55428
(Address of principal executive offices)
  (Zip Code)
         
Registrant’s telephone number, including area code            (763) 391-4000                     
     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):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


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Item 2.02. Results of Operations and Financial Condition.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Press Release
Reconciliation Table of Non-GAAP Numbers


Table of Contents

Item 2.02.   Results of Operations and Financial Condition.
     On March 4, 2008, Wilsons The Leather Experts Inc. (the “Company”) issued the Press Release that is attached hereto as Exhibit 99.1 and incorporated herein by reference.
     The Press Release contains information concerning the Company’s net income (loss) and basic and diluted earnings (loss) per share, which is not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). A reconciliation of these non-GAAP financial measures is contained in the Press Release filed herewith. In addition, other non-GAAP financial measures, which exclude the June 2007 equity financing adjustments and impairment charges, will also be mentioned in the Company’s earnings conference call to be held on March 4, 2008. A reconciliation of these non-GAAP financial measures to GAAP numbers is included in Exhibit 99.2 furnished herewith. The Company believes that the presentation of net income (loss) and basic and diluted earnings (loss) per share before the June 2007 equity financing adjustments and impairment charges and other non-GAAP numbers calculated before the June 2007 equity financing adjustments and impairment charges provides a useful analysis for comparative purposes.
Item 9.01.   Financial Statements and Exhibits.
(d) Exhibits
         
       
 
  99.1    
The Press Release of the Company dated March 4, 2008, containing its financial results for the fourth quarter and full year ended February 2, 2008.
       
 
  99.2    
Reconciliation Table of non-GAAP numbers.

 


Table of Contents

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.
         
  WILSONS THE LEATHER EXPERTS INC.
 
 
Date: March 4, 2008  By /s/ Stacy A. Kruse    
  Stacy A. Kruse   
  Chief Financial Officer and Treasurer   

 


Table of Contents

         
Index to Exhibits
         
Exhibit No.
  Description   Method of Filing
 
       
99.1  
The Press Release of the Company dated March 4, 2008, containing its financial results for the fourth quarter and full year ended February 2, 2008.
  Electronic Transmission
     
 
   
99.2  
Reconciliation Table of non-GAAP numbers.
  Electronic Transmission

 

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