Edgar Filing: CIRCUIT CITY STORES INC

dfan14a07181002_02252008.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No. )

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x Soliciting Material Under Rule 14a-12

CIRCUIT CITY STORES, INC.

(Name of Registrant as Specified in Its Charter)

WATTLES CAPITAL MANAGEMENT, LLC

HKW TRUST

MARK J. WATTLES

JAMES A. MARCUM

ELLIOTT WAHLE

DON R. KORNSTEIN

ANTHONY BERGAMO

ALEXANDER M. BOND

(Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant)

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Wattles Capital Management, LLC (“WCM”), together with the other participants named herein, is filing materials contained in this Schedule 14A with the Securities and Exchange Commission (“SEC”) in connection with the solicitation of proxies for the election of a slate of director nominees at the 2008 annual meeting of shareholders (the “Annual Meeting”) of Circuit City Stores, Inc., a Virginia corporation (“Circuit City”). WCM has not yet filed a proxy statement with the SEC with regard to the Annual Meeting.

Item 1: On February 25, 2008, WCM issued the following press release:

WATTLES CAPITAL MANAGEMENT NOMINATES FIVE HIGHLY QUALIFIED

DIRECTOR CANDIDATES FOR ELECTION TO THE CIRCUIT CITY BOARD AT

THE 2008 ANNUAL MEETING OF SHAREHOLDERS

LAS VEGAS, NV – FEBRUARY 25, 2008 – Wattles Capital Management, LLC (“WCM”) announced today that it has nominated a slate of five highly qualified director nominees for election to the Board of Directors of Circuit City Stores, Inc. (“Circuit City”) (NYSE:CC) at the Company’s 2008 Annual Meeting of Shareholders currently scheduled to be held on June 24, 2008. WCM, which beneficially owns 11,000,000 shares of common stock of the Company as of February 25, 2008, constituting approximately 6.5% of the Shares outstanding, detailed its intention in a written notice to the Corporate Secretary of Circuit City.

WCM’s director nominees include: