CORPORATE OFFICE
MAILING ADDRESS
P.O. BOX 619566
DALLAS, TEXAS 75261-9566
STREET ADDRESS
8000 BENT BRANCH DRIVE
IRVING, TEXAS 75063
972-409-1300
INVESTOR INQUIRIES
For more information about Michaels Stores, Inc., please check our web-site at http://www.michaels.com, contact the Investor Relations Department at the corporate office address or call 1-888-515-MIKE. To receive fax-on-demand copies of Company press releases, dial 1-800-758-5804 and enter company code 115769. Press releases are also available to First Call subscribers and on the Michaels Stores, Inc. web-site.
TRANSFER AGENT AND REGISTRAR
HARRIS TRUST AND SAVINGS BANK
311 W. MONROE STREET
CHICAGO, IL 60606
1-800-577-4676
ATTORNEYS
JONES, DAY, REAVIS & POGUE
AUDITORS
ERNST & YOUNG LLP
DIVIDENDS
The Company's present plan is to retain earnings for the foreseeable future for use in the Company's business and the financing of its growth. The Company did not pay dividends on its Common Stock during fiscal 1997 and 1998.
STOCK MARKET LISTING
Michaels Stores, Inc. Common Stock is quoted through The Nasdaq Stock Market under the ticker symbol "MIKE."
STOCK PRICES
The following table sets forth for each quarter of the two most recent fiscal years of the Company the high and low sale prices of the Company's Common Stock.
FORM 10-K
Copies of Michaels Stores' Inc.'s Annual Report to the Securities and Exchange Commission on Form 10-K are available upon request from the Investor Relations Department at the Company's corporate office or accessible through Michaels' web-site at http://www.michaels.com.
ANNUAL MEETING
The Annual Meeting of Stockholders will be held on June 17, 1999 at 10:30 a.m. at the Hotel Crescent Court, 400 Crescent Court, Dallas, Texas.
STOCKHOLDERS
As of April 14, 1999, there were 699 stockholders of record.
FORWARD LOOKING STATEMENTS
Certain statements contained herein which are not historical facts are forward looking statements that involve risks and uncertainties, including, but not limited to, customer demand and trends in the arts and crafts industry, related inventory risks due to shifts in customer demand, the effect of economic conditions, the impact of competitors' locations or pricing, the availability of acceptable real estate locations for new stores, difficulties with respect to new information system technologies and the Company's ability to address the Year 2000 Issue, supply constraints or difficulties, the results of financing efforts, the effectiveness of advertising strategies and other risks detailed in the Company's Securities and Exchange Commission filings.