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<SEC-DOCUMENT>0000930413-08-005552.txt : 20080917
<SEC-HEADER>0000930413-08-005552.hdr.sgml : 20080917
<ACCEPTANCE-DATETIME>20080917160414
ACCESSION NUMBER:		0000930413-08-005552
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080916
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20080917
DATE AS OF CHANGE:		20080917

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REX STORES CORP
		CENTRAL INDEX KEY:			0000744187
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731]
		IRS NUMBER:				311095548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09097
		FILM NUMBER:		081076315

	BUSINESS ADDRESS:	
		STREET 1:		2875 NEEDMORE RD
		CITY:			DAYTON
		STATE:			OH
		ZIP:			45414
		BUSINESS PHONE:		5132763931

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDIO VIDEO AFFILIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c54989_8k.htm
<TEXT>

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   <TITLE>c54989_8k.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
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<div align="center"><FONT size=1 face="monospace">UNITED STATES </FONT><BR>
    <FONT size=1 face="monospace">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
    <FONT size=1 face="monospace">WASHINGTON, D.C. 20549 </FONT>
  </P>
</div>
<P align="center">
<FONT size=1 face="monospace">FORM 8-K </FONT><BR>
<BR>
<FONT size=1 face="monospace">CURRENT REPORT</FONT></P>
<P align="center">
<FONT size=1 face="monospace">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </FONT><BR>
<BR>
<FONT size=1 face="monospace">Date of Report (Date of earliest event reported): September 16, 2008</FONT></P>
<P align="center">
<FONT size=1 face="monospace">REX STORES CORPORATION </FONT><BR>
<FONT size=1 face="monospace">(Exact name of registrant as specified in its charter)</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width="30%" align=center nowrap>
<FONT size=1 face="monospace">Delaware</FONT>  </TD>
  <TD width="5%">&nbsp;  </TD>
  <TD width="30%" align=right nowrap>
    <div align="center"><FONT size=1 face="monospace">001-09097</FONT>      </div></TD>
  <TD width="5%">&nbsp;  </TD>
  <TD width="30%" align=center nowrap>
<FONT size=1 face="monospace">31-1095548</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=center nowrap>
<FONT size=1 face="monospace">(State or other jurisdiction</FONT>  </TD>
  <TD>&nbsp;  </TD>
  <TD align=center nowrap>
<FONT size=1 face="monospace">(Commission File No.)</FONT>  </TD>
  <TD>&nbsp;  </TD>
  <TD align=center nowrap>
<FONT size=1 face="monospace">(IRS Employer</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=center nowrap>
<FONT size=1 face="monospace">of incorporation)</FONT>  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=center nowrap>
<FONT size=1 face="monospace">Identification No.)</FONT>  </TD>
</TR>
<TR>
  <TD colspan=5>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=right nowrap>
    <div align="center"></div></TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD align=right nowrap><div align="center"><font size=1 face="monospace">2875 Needmore Road, Dayton,
    Ohio</font></div></TD>
  <TD>&nbsp;  </TD>
  <TD align=center nowrap>
<FONT size=1 face="monospace">45414</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=right nowrap>
    <div align="center"></div></TD>
  <TD align=right nowrap>&nbsp;</TD>
  <TD align=right nowrap><div align="center"><font size=1 face="monospace">(Address of principal
    executive offices)</font></div></TD>
  <TD>&nbsp;  </TD>
  <TD align=center nowrap>
<FONT size=1 face="monospace">(Zip Code)</FONT>  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=1 face="monospace">Registrant's telephone number, including area code: (937) 276-3931</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">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): </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">[_] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">[_] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">[_] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></P>
<P align="left">

<HR noshade align="center" width="100%" size=4>

<P STYLE="page-break-before:always"></P><PAGE>

<FONT size=1 face="monospace">Item 8.01 Other Events</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">On September 16, 2008, REX Stores Corporation (the "Company"), through its wholly-owned subsidiary Rex Radio and Television, Inc. (the "Seller"),
completed the sale of its distribution center located in Cheyenne, Wyoming for
approximately &#36;4.4 million in cash, after selling expenses. Concurrently with the closing of the sale, the Seller entered into a lease agreement to leaseback
approximately 64,000 square feet of the distribution center from the Purchaser for a lease term expiring August 31, 2011. The carrying value of the property was approximately &#36;2.1 million. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">The Company paid off &#36;0.6 million in mortgage debt related to the property sold and plans to use the balance of the sale proceeds for general corporate purposes. Future minimum annual
rentals on the property leased back are estimated at &#36;0.1 million, &#36;0.3 million &#36;0.3 million and &#36;0.2 million for the fiscal years ended January 31, 2009, 2010, 2011 and 2012, respectively. </FONT></P>
<P align="center">

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<P STYLE="page-break-before:always"></P><PAGE>

<div align="center"><FONT size=1 face="monospace">SIGNATURES</FONT>
  </P>
</div>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=1 face="monospace">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.
</FONT></P>
<P align="center">
<FONT size=1 face="monospace">REX STORES CORPORATION</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=41% align=left nowrap>
<FONT size=1 face="monospace">Date: September 17, 2008</FONT>  </TD>
  <TD width=6%><font size=1 face="monospace">By: </font> </TD>
  <TD width=53% align=left nowrap>
<FONT size=1 face="monospace">/s/ DOUGLAS L. BRUGGEMAN</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=1 face="monospace">------------------------------</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD><font size=1 face="monospace">Name: </font> </TD>
  <TD align=left nowrap>
<FONT size=1 face="monospace">Douglas L. Bruggeman</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD><font size=1 face="monospace">Title: </font> </TD>
  <TD align=left nowrap>
<FONT size=1 face="monospace">Vice President-Finance,</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=1 face="monospace">Chief
 Financial Officer</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=1 face="monospace">and Treasurer</FONT>  </TD>
</TR>
</TABLE>
<BR>

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