pir-8k_20200529.htm

 

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): May 29, 2020

 

PIER 1 IMPORTS, INC.

(Exact name of registrant as specified in its charter)

 

 

DELAWARE

001-07832

75-1729843

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

 

685 JOHN B SIAS MEMORIAL PARKWAY, SUITE 255

FORT WORTH, TEXAS

 

76134

(Address of principal executive offices)

 

(Zip Code)

Registrant’s telephone number, including area code: (817) 252-8000

Not Applicable

(Former name or former address, if changed since last report)

 

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:

 

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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.001 per share

 

PIRRQ

 

*

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

*

On February 18, 2020, the New York Stock Exchange (“NYSE”) notified Pier 1 Imports, Inc. that it would apply to the Securities and Exchange Commission (the “SEC”) to delist the common stock of Pier 1 Imports, Inc. upon completion of all applicable procedures. A Form 25 was filed with the SEC by the NYSE on March 3, 2020 and the delisting of the common stock became effective 10 days later. The deregistration of the common stock under section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) will be effective 90 days, or such shorter period as the SEC may determine, after filing of the Form 25. Upon deregistration of the common stock under Section 12(b) of the Exchange Act, the common stock will remain registered under Section 12(g) of the Exchange Act.

 

 


Item 7.01     Regulation FD Disclosure

Pier 1 Imports, Inc. (the “Company”) announced on February 18, 2020, that, among other things, the Company and its subsidiaries (together, the “Debtors”) each filed a voluntary petition in the U.S. Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy Court”) requesting relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (collectively, the “Chapter 11 Proceedings”). The Chapter 11 Proceedings are being jointly administered under the caption and case number: In re Pier 1 Imports, Inc., et al., Case No. 20-30805 (KRH).

On April 30, 2020, the Debtors filed with the Bankruptcy Court their monthly operating report for the period beginning February 17, 2020 and ending March 31, 2020 (the “Monthly Operating Report”). The Monthly Operating Report is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K (including the exhibit hereto) (this “Form 8-K”) will not be deemed an admission as to the materiality of any information disclosed herein. The Monthly Operating Report and other documents filed with the Bankruptcy Court are available for inspection at https://dm.epiq11.com/case/pier1. Documents and other information available on such website are not part of this Form 8-K and are not deemed to be incorporated by reference in this Form 8-K.

The information contained in this Item 7.01, including Exhibit 99.1, are not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and are not deemed to be incorporated by reference into any of the Company’s filings with the Securities and Exchange Commission (the “SEC”), whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Cautionary Statement Regarding the Monthly Operating Report

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with generally accepted accounting principles, is in a format prescribed by applicable bankruptcy laws or rules, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

As reported in a Form 12b-25 filed by the Company on May 28, 2020, the Company is not filing an Annual Report on Form 10-K for the fiscal year ended February 29, 2020, or any other reports on Forms 10-Q or 10-K for subsequent periods. Instead, the Company intends to file Current Reports on Form 8-K containing the Company’s monthly operating reports that are filed by the Company with the Bankruptcy Court.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this Form 8-K and the Monthly Operating Report may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. The Company may also make forward-looking statements in other reports filed with the SEC, in press releases, in presentations and in material delivered to the Company’s stakeholders, including creditors and shareholders. Forward-looking statements provide current expectations of future events based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors. These statements encompass information that does not directly relate to any historical or current fact and often may be identified with words such as “believe,” “expect,” “estimate,” “anticipate,” “plan,” “may,” “will,” “intend” and other similar expressions.

Risks and uncertainties that may affect the Company’s operations and performance include, among others: risks and uncertainties associated with the Chapter 11 Proceedings; the effects of public health emergencies, including the COVID-19 pandemic; risks and uncertainties related to, and the impact of, the closure of the Company’s stores nationwide and its corporate headquarters, the length of time its stores and corporate headquarters are closed and the associated costs and loss of revenue and impact on liquidity; the failure by the Company to identify, develop and successfully implement immediate action plans; the inability of the Company to source, ship and deliver items of acceptable quality to its U.S. distribution and fulfillment centers, stores and customers at reasonable prices and rates in a timely fashion; risks related to outsourcing certain business processes to third-party vendors, including disruptions in business, cyber security threats and increased costs; an overall decline in the health of the U.S. economy and its impact on consumer confidence and spending; disruptions in the Company’s domestic supply chain or e-commerce website; failure to successfully manage and execute the Company’s marketing initiatives; the Company’s access to adequate operating cash flow, trade credit, borrowed funds and capital to fund its operations and pay its obligations as they become due, including the impact of continued deterioration of the Company’s financial performance or adverse trends or disruption in the global credit and equity markets; failure to attract, motivate and retain an effective management team or changes in the cost or availability of a suitable workforce; risks related to the Company’s dependence on technology in the operation of its business; failure to protect consumer data; risks related to cybersecurity and e-commerce related fraud; factors beyond the Company’s control, including general economic and market conditions, fluctuations in the Company’s financial condition; and regulatory and legal risks.


The Company assumes no obligation to update or otherwise revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied will not be realized. Additional information concerning these risks and uncertainties is contained in the Company’s Annual Report on Form 10-K for the fiscal year ended March 2, 2019, as filed with the SEC and in the Company’s other filings with the SEC.

Item 9.01     Financial Statements and Exhibits

(a) - (c)     Not Applicable.

(d)             Exhibits.

 

Exhibit

 

Description

99.1

 

Monthly Operating Report for the period beginning February 17, 2020 and ending March 31, 2020

 


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.

 

 

PIER 1 IMPORTS, INC.

 

Date:  May 29, 2020

By:

/s/ Robert J. Riesbeck

 

 

Robert J. Riesbeck

 

 

Chief Executive Officer and Chief Financial Officer

 

HTML

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF VIRGINA

 

ln re: Pier 1 Imports, Inc., et al.      
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

MONTHLY OPERATING REPORT TABLE OF CONTENTS

 

REQUIRED DOCUMENTS

   Form No.

Notes to Monthly Operating Report

   Notes

Schedule of Cash Receipts and Disbursements

   MOR-1

Bank Account Information

   MOR-2

Schedule of Payments to Insiders

   MOR-3

Schedule of Payments to Professionals

   MOR-4

Postpetition Status of Secured Notes, Leases Payable, and Adequate Protection Payments

   MOR-5

Accounts Receivable aid Accounts Payable Aging

   MOR-6

Status Postposition Taxes

   MOR-7

Debtor Questionnaire (including Insurance Supplement)

   MOR-8

Statement of Operations

   Appendix A

Balance Sheet

   Appendix B

 

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

 

/s/ Robert J. Riesbeck

     

         4/30/2020

Signature of Authorized Individual*       Date

Robert J. Riesbeck

                              
Printed Name of Authorized Individual      

CEO and CFO of the Debtors

     
Title      

 

*

Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.


In re: Pier 1 Imports, Inc., et al.       MOR Notes
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

Notes to the Monthly Operating Report

GENERAL:

The report includes activity from the following Debtors and related Case Numbers:

 

Debtor

   Case Number     

Debtor

   Case Number  

PIER 1 IMPORTS, INC.

     75-1729843      PIER 1 SERVICES COMPANY      75-2668767  

PIER 1 ASSETS, INC.

     75-2552025      PIR TRADING, INC.      75-2355471  

PIER 1 HOLDINGS, INC.

     75-2668764      PIER 1 VALUE SERVICES, LLC      22-3776169  

PIER 1 IMPORTS (U.S.), INC.

     75-1673348        

PIER 1 LICENSING, INC.

     75-2552034        

Notes to the MOR:

As a result of the COVID-19 global pandemic, and as described in a motion filed by the Debtors [Docket No. 438] (the “Limited Operation Period Motion”), the Debtors have ceased their store operations and furloughed the vast majority of their employees. These actions were authorized by the Bankruptcy Court pursuant to an order approving the Limited Operation Period Motion [Docket No. 493]. As a consequence of these actions, while the Debtors have taken reasonable efforts to provide complete and accurate information on this monthly operating report, the information presented herein may have incomplete or missing information. The Debtors reserve their right to amend all parts of this report as they determine to be appropriate as soon as reasonably practicable.

The Debtors are filing their consolidated Monthly Operating Report (MOR) solely for the purposes of complying with the monthly operating report requirements applicable in the Debtors’ chapter 11 cases. The financial and supplemental information contained herein is presented on preliminary and unaudited basis, remains subject to future adjustments and may not comply in all material respects with generally accepted accounting principles in United States of America (“U.S. GAAP”). This MOR should not be relied on by any persons for information relating to current or future financial conditions, events, or performance of any of the Debtors or their affiliates. Financial information presented in this MOR reflects results on a consolidated basis for the debtors.

The financial information has been derived from the books and records of the debtors. This information, however, has not been subject to certain procedures that would typically be applied to financial information in accordance with U.S. GAAP, and upon application of such procedures, the Debtors believe that the financial information could be subject to changes, which could be material. The information furnished in this report includes primarily normal recurring adjustments, but does not include all adjustments that would typically be made for financial statements prepared in accordance with U.S. GAAP, including but not limited to adjustments for income tax provisions and related deferred tax asset and liability accounts, and certain other asset and liability accounts

The results of operations contained herein are not necessarily indicative of results which may be expected for any other period or for the full year and may not necessarily reflect the combined results of operations and financial positions of the Debtor in the future.

The Debtors reserve all rights to amend or supplement this MOR in all respects, as may be necessary or appropriate. Nothing contained in this MOR shall constitute a waiver of any of the Debtors’ rights or an admission with respects to their Chapter 11 cases.

 

2


: Pier 1 Imports, Inc., et al.       MOR-1
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

Schedule of Cash Receipts and Disbursements

 

Debtor

   Case Number      Cash Receipts      Cash Disbursements  

PIER 1 IMPORTS, INC.

     75-1729843      $ 90      ($ 256,469

PIER 1 ASSETS, INC.

     75-2552025        —          —    

PIER 1 HOLDINGS, INC.

     75-2668764        —          —    

PIER 1 IMPORTS (U.S.), INC.

     75-1673348        294,253,831        (291,494,006 ) 1 

PIER 1 LICENSING, INC.

     75-2552034        —          —    

PIER 1 SERVICES COMPANY

     75-2668767        275,103        (10,331,449

PIR TRADING, INC.

     75-2355471        425,458        —    

PIER 1 VALUE SERVICES, LLC

     22-3776169        161        (500
     

 

 

    

 

 

 

Total Cash Receipts and Cash Disbursements

      $ 294,954,642      ($ 302,082,423
     

 

 

    

 

 

 

Notes to MOR 1:

As described in the Notes to the Monthly Operating Report, in light of current circumstances, the Debtors have engaged in reasonable efforts to provide complete and accurate information on this report. To the extent the Debtors learn more information and determine that amending this report is appropriate, they will do so as soon as reasonably practicable.

 

(1)

Valuation of receipts and disbursements for the Debtor’s Canadian bank accounts based on exchange rates as of 4/3/2020.

 

3


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Legal Entity

   Bank   Account type    Last 4 Digits of
Account Number
   Book Balance  

Pier 1 Imports (U.S.), Inc.

   BancFirst   Store Account    2894    $ 2,016  1 

Pier 1 Imports (U.S.), Inc.

   Bank of America   Disbursement Account    2471      25,073  3  

Pier 1 Services Co.

   Bank of America   Disbursement Account    2484      207,978  3  

Pier 1 Imports (U.S.), Inc.

   Bank of America   Disbursement Account    7502      365,030  3  

Pier 1 Services Co.

   Bank of America   Disbursement Account    7510      184,747  3  

Pier 1 Imports (U.S.), Inc.

   Bank of America   Inactive Account    0905      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America   Inactive Account    4708      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America   Inactive Account    7925      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America   Investment Account    5A11      3,374  3  

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Master Account    887      161,007  3  

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    284      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    323      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    528      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    810      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    959      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3080      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3284      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3420      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3457      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3462      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3792      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    3828      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    4655      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    5102      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    5458      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    5830      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    7123      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    7356      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    8456      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    8939      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    9227      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    9227      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    9366      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    1884      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    1967      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America (US)   Store Account    6367      —     

Pier 1 Imports (U.S.), Inc.

   Bank of America, London   Operating Account    9017      3,781  3  

Pier 1 Imports (U.S.), Inc.

   Bank of Hawaii   Store Account    2388      —    4 

Pier 1 Imports (U.S.), Inc.

   Bank of Montreal   Letter of Credit Account    6982      22,698  3  

Pier 1 Imports (U.S.), Inc.

   Camden National Bank   Store Account    4103      1,352  1  

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Master Account    9999      20,345  3  

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    120      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    375      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    456      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    1274      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    1391      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    1427      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    1466      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    1521      —     

Pier 1 Imports (U.S.), Inc.

   Capital One (US)   Store Account    1638      —     

Pier 1 Imports (U.S.), Inc.

   Chase   Earnings Credit Rate Account    7301      950  3  

Pier 1 Imports (U.S.), Inc.

   Chase   Operating Account    9428      19,701  3  

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Master Account    9020      358,658  3  

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    50      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    83      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    176      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    347      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    361      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    370      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    379      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    512      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    595      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    603      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    629      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    637      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    652      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    686      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    702      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    733      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    753      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    758      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    766      —     

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    790      —     

 

4


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    826      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    859      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    875      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    906      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1008      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1025      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1146      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1153      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1278      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1304      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1320      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1355      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1511      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1655      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1758      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1808      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1837      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1852      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1852      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1878      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1886      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1891      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1902      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1910      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1928      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1936      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    1969      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2058      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2169      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2177      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2185      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2235      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2250      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2406      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2472      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2554      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2760      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2778      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2802      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2836      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    2909      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3016      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3031      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3144      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3312      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3334      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3345      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3380      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3435      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3537      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3550      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3562      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3852      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3906      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3956      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3962      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    3977      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    4901      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    4965      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5096      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5163      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5343      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5397      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5528      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5533      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5702      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5728      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5733      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5900      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5967      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    5983      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6007      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6031      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6039      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6122      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6181      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6215      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6226      —    

 

5


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6238      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6271      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6283      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6297      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6359      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6419      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6515      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6520      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6580      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6583      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6595      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6658      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    6820      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7107      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7253      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7310      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7337      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7338      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7352      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7360      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7363      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7375      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7391      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7505      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7517      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7578      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7586      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7602      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7628      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7680      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7813      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    7821      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8195      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8277      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8282      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8339      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8340      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8357      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8362      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8365      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8367      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8381      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8399      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8408      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8416      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8423      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8449      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8456      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8484      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8504      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8528      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8563      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8589      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8598      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8613      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8855      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8870      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    8888      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9039      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9163      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9175      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9508      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9638      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9642      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9667      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9739      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9750      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9761      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9783      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9783      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9840      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9893      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9893      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9934      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9956      —    

Pier 1 Imports (U.S.), Inc.

   Chase Bank (US)   Store Account    9999      —    

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    2534      13,848  2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    2802      6,511  2  

 

6


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    3593      1,245   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    4835      4,579   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    4878      5,943   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    4916      5,019   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    4983      7,938   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    5238      2,001   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    5319      2,638   2  

Pier 1 Imports (U.S.), Inc.

   Citizens Bank   Store Account    3584      6,355   2  

Pier 1 Imports (U.S.), Inc.

   Comerica Bank (MI)   Store Account    3799      4,559   3  

Pier 1 Imports (U.S.), Inc.

   Commerce Bank   Store Account    594      4,359   3  

Pier 1 Imports (U.S.), Inc.

   Commerce Bank   Store Account    2837      1,589   3  

Pier 1 Imports (U.S.), Inc.

   Commerce Bank   Store Account    6705      3,030   3  

Pier 1 Imports (U.S.), Inc.

   Commerce Bank   Store Account    6707      665   3  

Pier 1 Imports (U.S.), Inc.

   Commerce Bank   Store Account    7575      7,920   3  

Pier 1 Imports (U.S.), Inc.

   Compass Bank   Store Account    8681      11,815   3  

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Master Account    7353      2,981   3  

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    667      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    2169      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    2397      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    2821      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3107      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3301      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3657      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3681      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3691      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3699      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3780      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3798      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    3806      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    4127      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    4355      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    4913      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    5923      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    7148      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    7480      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    7616      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    7938      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    8204      —     

Pier 1 Imports (U.S.), Inc.

   Fifth Third Bank (OH)   Store Account    8414      —     

Pier 1 Imports (U.S.), Inc.

   First Hawaiian Bank (HI)   Store Account    3343      —    3 

Pier 1 Imports (U.S.), Inc.

   First National Bank (PA)   Store Account    8547      487   3  

Pier 1 Imports (U.S.), Inc.

   First National Bank of Burleson   Store Account    1208      3,209   3  

Pier 1 Imports (U.S.), Inc.

   Flagstar Bank   Store Account    7199      6,560   1  

Pier 1 Value Services, LLC

   HSBC   Business Savings Account    5895      6,530   3  

Pier 1 Imports (U.S.), Inc.

   HSBC Bank USA (NY)   Store Account    1120      2,115   3  

Pier 1 Imports (U.S.), Inc.

   HSBC Bank Canada   Master Account    5002      28,437   3  

Pier 1 Imports (U.S.), Inc.

   HSBC Bank Canada (CN)   Store Account    5029      932  3  

Pier 1 Imports (U.S.), Inc.

   HSBC Bank Canada (CN) /
BOM
  Store Account    5001      —    3 

Pier 1 Imports (U.S.), Inc.

   Huntington Bank   Store Account    1173      5,023   3  

Pier 1 Imports (U.S.), Inc.

   Huntington Bank   Store Account    1959      18,315   3  

Pier 1 Imports (U.S.), Inc.

   Huntington Bank   Store Account    7847      335   3  

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Master Account    3853      18,317   2  

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    838      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    3398      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    3920      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    4317      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    5073      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    5241      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6049      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6846      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6887      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6960      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6978      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6986      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    6994      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    7417      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    7780      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    8319      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US)   Store Account    9758      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US) (f/k/a First
Niagara Ba
  Master Account    4989      3,870   2  

Pier 1 Imports (U.S.), Inc.

   KeyBank (US) (f/k/a First
Niagara Ba
  Store Account    46      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US) (f/k/a First
Niagara Ba
  Store Account    53      —     

Pier 1 Imports (U.S.), Inc.

   KeyBank (US) (f/k/a First
Niagara Ba
  Store Account    466      —     

 

7


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   515     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   2857     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   3434     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   3442     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   3459     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   3467     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   4922     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   4948     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   4955     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   4963     —     

Pier 1 Imports (U.S.), Inc.

  KeyBank (US) (f/k/a First Niagara Ba   Store Account   4971     —     

Pier 1 Imports (U.S.), Inc.

  M&T Bank (US)   Store Account   478     5,728  3  

Pier 1 Imports (U.S.), Inc.

  Middlesex Savings Bank   Store Account   1696     3,094  1  

Pier 1 Imports (U.S.), Inc.

  PNC Bank (US)   Store Account   3177     319,104  2  

Pier 1 Imports (U.S.), Inc.

  RBC   Canadian Concentration   2621     165,119  3  

Pier 1 Imports (U.S.), Inc.

  RBC   Canadian Disbursement   2647     —     

Pier 1 Imports (U.S.), Inc.

  RBC   Canadian Disbursement   4679     9,879  3  

Pier 1 Imports (U.S.), Inc.

  RBC   Canadian Operating Account   4638     —     

Pier 1 Imports (U.S.), Inc.

  RBC   Investment Account   2440     64,515  3  

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Master Account   158     34,901  3  

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   51     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   868     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1077     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1093     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1107     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1115     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1131     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1158     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1174     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   1546     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2832     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2840     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2859     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2875     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2883     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2891     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   2901     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   3355     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   3707     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   4271     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   4336     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   4340     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   4464     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   4940     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   5421     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   7792     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8340     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8437     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8479     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8487     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8509     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8614     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   8711     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   9924     —     

Pier 1 Imports (U.S.), Inc.

  Regions Bank (US)   Store Account   9932     —     

Pier 1 Imports (U.S.), Inc.

  Royal Bank of Canada   Store Account   2639     —    3 

Pier 1 Imports (U.S.), Inc.

  Santander   Store Account   4940     4,904  3  

Pier 1 Imports (U.S.), Inc.

  Scotia Bank (CN)   Store Account   5514     82,792  2  

Pier 1 Imports (U.S.), Inc.

  Summit Community Bank   Store Account   3590     3,750  1  

Pier 1 Imports (U.S.), Inc.

  SunTrust Bank (US)   Store Account   9112     7,617  3  

Pier 1 Imports (U.S.), Inc.

  TD Bank Canada   Store Account   4626     52,071  2  

Pier 1 Imports (U.S.), Inc.

  TD Banknorth (TD Bank)   Store Account   4972     17,712  3  

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Master Account   8338     21,680  3  

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   241     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   258     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   274     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   707     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   940     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1061     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1126     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1241     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1308     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1352     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1477     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1485     —     

Pier 1 Imports (U.S.), Inc.

  U.S. Bank (US)   Store Account   1498     —     

 

8


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    1852      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    1948      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    1997      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    2348      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    2511      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    2776      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    2915      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3166      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3168      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3182      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3208      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3224      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3232      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3257      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3273      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3299      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3307      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3315      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3331      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3349      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3372      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3380      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3422      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3430      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3448      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    3709      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    4003      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    4936      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    5156      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    5521      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    5522      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    5760      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    6299      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    6949      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    7077      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    7500      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    7569      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8022      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8345      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8415      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8881      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8899      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8944      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8949      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8956      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    8990      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9300      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9342      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9383      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9698      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9721      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9771      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9797      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9987      —     

Pier 1 Imports (U.S.), Inc.

   U.S. Bank (US)   Store Account    9995      —     

Pier 1 Imports (U.S.), Inc.

   United National Bank of
Parkersburg
  Store Account    3780      3,123   3  

PIR Trading, Inc.

   Wells Fargo   Deposit Account    2083      977   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Deposit Account    4606      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Disbursement Account    5559      —     

Pier 1 Services Co.

   Wells Fargo   Disbursement Account    5772      —     

Pier 1 Services Co.

   Wells Fargo   Disbursement Account    6089      244,582   3  

Pier 1 Imports, Inc.

   Wells Fargo   Disbursement Account    6105      23,801   3  

Pier 1 Value Services, LLC

   Wells Fargo   Disbursement Account    6113      547   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Disbursement Account    8395      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Inactive Account    0001      —     

PIR Trading, Inc.

   Wells Fargo   Investment Account    3636      4,154   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Investment Account    6337      68,353   3  

Pier 1 Services Co.

   Wells Fargo   Investment Account    6416      8,015   3  

Pier 1 Imports, Inc.

   Wells Fargo   Investment Account    6418      5,195   3  

Pier 1 Value Services, LLC

   Wells Fargo   Investment Account    6419      3,488   3  

Pier Licensing, Inc.

   Wells Fargo   Licensing Account    3289      50   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Main Concentration Account    0820      814,026   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Receipt Concentration Account    6030      1,700,726   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo   Store Concentration Account    5015      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Master Account    2636      475,790   3  

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2      —     

 

9


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    10      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    25      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    33      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    44      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    52      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    77      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    86      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    94      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    109      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    122      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    295      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    465      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    572      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    616      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    741      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    766      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    878      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    908      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    923      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    956      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    980      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    984      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    987      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    998      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1004      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1046      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1130      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1162      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1170      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1203      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1370      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1384      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1392      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1427      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1437      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1551      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1567      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1595      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1603      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1693      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    1873      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2109      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2117      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2125      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2130      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2148      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2166      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2209      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2234      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2242      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2244      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2280      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2283      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2285      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2291      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2309      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2317      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2349      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2354      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2372      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2398      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2406      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2420      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2425      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2454      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2455      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2518      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2549      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    2570      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3046      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3156      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3200      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3317      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3398      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3503      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3614      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3619      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3619      —    

 

10


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3622      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3627      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3630      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3633      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3836      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3926      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3931      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3949      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3969      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    3977      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4039      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4051      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4099      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4366      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4460      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4476      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4484      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4548      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4762      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4779      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4787      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4789      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4795      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4823      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4831      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4849      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4856      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4927      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    4973      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5043      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5149      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5184      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5236      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5242      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5244      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5277      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5285      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5291      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5293      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5351      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5377      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5395      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5413      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5533      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5558      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5591      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5598      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5609      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5634      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5642      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5665      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5679      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5702      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5702      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5710      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5717      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5719      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5725      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5746      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5753      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5761      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5787      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5795      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5803      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5811      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5829      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5837      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5846      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5948      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    5986      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6070      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6242      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6356      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6372      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6463      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6475      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6663      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6665      —    

 

11


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6671      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6673      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6699      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6707      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6715      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6723      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6756      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6772      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6780      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6798      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6798      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6814      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6822      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6824      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6830      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6832      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6855      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6871      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6889      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6897      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6905      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6913      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6939      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6947      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6954      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6959      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6962      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6970      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6988      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    6996      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7004      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7010      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7028      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7036      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7044      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7051      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7069      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7077      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7093      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7101      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7127      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7143      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7150      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7168      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7200      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7226      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7234      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7264      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7409      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7514      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7573      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7594      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7602      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7741      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7848      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7864      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7872      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7899      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    7987      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8030      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8143      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8229      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8237      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8445      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8472      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8514      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8526      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8535      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8557      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8565      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8573      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8581      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8599      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8607      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8620      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8710      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8738      —    

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8744      —    

 

12


In re: Pier 1 Imports, Inc., et al.       MOR-2
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Bank Account Information

 

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8751      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8753      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8761      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8769      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8777      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8785      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8787      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8801      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8803      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8807      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8837      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8845      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8852      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8860      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    8878      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9052      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9135      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9196      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9220      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9240      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9251      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9263      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9265      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9273      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9432      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9652      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9730      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9736      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9742      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9815      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9837      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9845      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9857      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9881      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9926      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9938      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9946      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9954      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9962      —     

Pier 1 Imports (U.S.), Inc.

   Wells Fargo (US)   Store Account    9970      —     

Pier 1 Imports (U.S.), Inc.

   Wesbanco Bank   Store Account    5661      4,950  1  
          

 

 

 
           $ 5,714,478  
          

 

 

 

Notes to MOR 2:

As described in the Notes to the Monthly Operating Report, in light of current circumstances, the Debtors have engaged in reasonable efforts to provide complete and accurate information on this report. To the extent the Debtors learn more information and determine that amending this report is appropriate, they will do so as soon as reasonably practicable.

 

(1)

Account balance listed is as of January 31, 2020.

(2)

Account balance listed is as of March 20, 2020.

(3)

Account balance listed is as of April 4, 2020. This is the date of the fiscal month-ended March 2020.

(4)

Account was closed on February 25, 2020.

 

13


In re: Pier 1 Imports, Inc., et al.       MOR-3
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Schedule of Payments to Insiders

 

Professional

  

Role / Capacity

   Amount Paid      Cumulative Payments
Since Filing
 

HALEY MARK R

   EVP Store Sales And Operations    $ 53,557      $ 53,557  

SAVAGE WILLIAM

   EVP And Chief Global Supply Chain Officer      59,954        59,954  

COLACO DONNA

   President      79,381        79,381  

RIESBECK ROBERT JAMES

   Director, CEO and CFO      121,019        121,019  

MCKOWN III GEORGE R.

   SVP, General Counsel And Corporate Secretary      35,619        35,619  

MURRAY CHRISTINE C.

   EVP Human Resources and CHRO      46,650        46,650  

CHERYL BACHELDER

   Director      15,417        $15,417  

ROBERT BASS

   Director      15,417        $15,417  

HAMISH DODDS

   Director      19,583        $19,583  

BRENDAN HOFFMAN

   Director      15,417        $15,417  

ALLIE KLINE

   Director      15,417        $15,417  

TERRY LONDON

   Director      25,833        $25,833  

MICHAEL PEEL

   Director      17,500        $17,500  

ANN SARDINI

   Director      21,486        $21,486  

PAMELA CORRIE

   Director      25,380        $25,380  

STEVEN PANAGOS

   Director      25,000        $25,000  
     

 

 

    

 

 

 
      $ 592,630      $ 592,630  

 

14


In re: Pier 1 Imports, Inc., et al.       MOR-4
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Schedule of Payments to Professionals

 

Payee

  

Role of Insider

   Amount Paid      Cumulative Payments
Since Filing
 

A&G REALTY PARTNERS LLC

   DEBTORS’ ADVISOR      —          —    

ALVAREZ AND MARSAL CANADA INC

   DEBTORS’ ADVISOR      35,095        35,095  

AP SERVICES LLC

   DEBTORS’ FINANCIAL ADVISOR      —          —    

BROWN RUDNICK LLP

   LENDERS’ COUNSEL      —          —    

EPIQ CORPORATE RESTRUCTURING LLC

   DEBTORS’ ADMINISTRATIVE ADVISOR      —          —    

FTI CONSULTING INC

   LENDERS’ FINANCIAL ADVISOR      155,909        155,909  

GORDON BROTHERS RETAIL PARTNERS, LLC

   DEBTORS’ ADVISOR      4,346,490        4,346,490  

GUGGENHEIM SECURITIES LLC

   DEBTORS’ INVESTMENT BANKER      —          —    

HUNTON ANDREWS KURTH LLP

   LENDERS’ COUNSEL      8,086        8,086  

JOELE FRANK, WILKINSON BRIMMER KATCHER

   DEBTORS’ COMMUNICATIONS CONSULTANT      —          —    

KIRKLAND & ELLIS LLP

   DEBTORS’ COUNSEL      —          —    

KUTAK ROCK LLP

   DEBTORS’ COUNSEL      —          —    

MORGAN, LEWIS & BOCKIUS LLP

   LENDERS’ COUNSEL      —          —    

OSLER HOSKIN AND HARCOURT LLP

   DEBTORS’ COUNSEL      —          —    

SEWARD AND KISSEL LLP

   LENDERS’ COUNSEL      45,580        45,580  

WHITEFORD TAYLOR PRESTON, LLP

   LENDERS’ COUNSEL      
     

 

 

    

 

 

 
      $  4,591,160      $  4,591,160  

 

15


In re: Pier 1 Imports, Inc., et al.       MOR-5
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Postpetition Status of Secured Notes, Leases Payable, and Adequate Protection Payments

 

PAYMENTS

 

Name of Creditor

  

Description

   Scheduled Monthly
Payment Due
     Amount Paid      Total Unpaid Postpetition  

Various Lessors

   March Rent1    $ 17,659,696      $ 18,035,096      $ —    

Bank of America, N.A.

   Prepetition Revolving Credit Loan (Incl. Fees)2         90,313,749        —    

Bank of America, N.A.

   Prepetition FILO Loan
(Incl. Fees)2
        15,150,182        —    

Pathlight Capital Fund I LP

   Prepetition ABL Term Loan
(Incl. Fees)2
        35,179,938        —    

Pathlight Capital Fund I LP

   Prepayment Premium in respect of ABL Term Loan2         6,043,541        —    

JPM LC

   Cash Collateral equal to 103% of Letters of Credits Outstanding2         9,982,180        —    

Various Parties

   Standby Letter of Credit/Unused Fees2         115,764        —    
        

 

 

    

 

 

 
        TOTAL:      $ 174,820,449      $ —    

DIP FINANCING

 

Name of Creditor

   Beginning Balance      Draws      Pay-Downs     Ending Balance  

Bank of America, N.A. - Revolving Credit Loan

   $ —        $ 218,479,605      $ (174,276,023   $ 44,203,581.86  

Bank of America, N.A. - FILO Loan

     —          15,000,000        —         —    

Pathlight Capital Fund I LP - ABL Term Loan

     —          41,043,541        —         —    
  

 

 

    

 

 

    

 

 

   

 

 

 

TOTAL:

   $ —        $ 274,523,146      $ (174,276,023   $ 44,203,581.86  

Notes to MOR 5:

 

[1]

Amount listed as paid in March related to lease payments is higher than the monthly scheduled amount due to the inclusion of non-recurring items.

[2]

Payoff made on February 20, 2020.

 

16


In re: Pier 1 Imports, Inc., et al.       MOR-6
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Accounts Receivable and Accounts Payable Aging

 

Accounts Receivable Aging

 

Accounts Receivable Days Aging

   Amount  

0-30

  

31-60

  

61-90

  

91+

  

Other Non-Trade Receivables

                   
  

 

 

 

Accounts Receivable (Gross)

  

A/R Allowance for Bad Debts

  

Other Reserves

  
  

 

 

 

Accounts Receivable (Net)

  

 

Accounts Payable Aging1, 2

 

Accounts Payable Category

   Current      1-30 Days      31-60 Days      61+ Days      Total  

Trades Payable

     8,703,214.56        4,506,554.38        45,161.35        —          13,254,930.29  

Taxes Payable

     1,021.40        14,885.63        —          —          15,907.03  

Notes to MOR 6:

As described in the Notes to the Monthly Operating Report, in light of current circumstances, the Debtors have engaged in reasonable efforts to provide complete and accurate information on this report. To the extent the Debtors learn more information and determine that amending this report is appropriate, they will do so as soon as reasonably practicable.

[1] Includes postpetition balances only. Aging is based on the Debtors’ unfinalized books and records as of March 31, 2020 and represents open and outstanding invoices that have been entered into the Debtors’ accounts payable system. The aging does not include accruals for invoices not yet received or approved and is aged based on due date.

[2] 1-30 and 31-60 day balances due primarily to delayed receipt of invoices or increased processing time due to employees being furloughed.

 

17


In re: Pier 1 Imports, Inc., et al.       MOR-7
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Accounts Receivable and Accounts Payable Aging

 

Tax Category

   Beginning Liability      Amount Withheld or
Accrued
     Amount Paid      Ending Liability  

Sales Tax

           

Payroll Tax

           

Property Tax

           

State Income/Franchise Tax

           

Other Taxes

           
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ —        $ —        $ —        $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Notes to MOR 7:

As described in the Notes to the Monthly Operating Report, in light of current circumstances, the Debtors have engaged in reasonable efforts to provide complete and accurate information on this report. To the extent the Debtors learn more information and determine that amending this report is appropriate, they will do so as soon as reasonably practicable.

At the time of this filing, the Debtors believe that they are current with all tax obligations owed to each of the Debtors’ taxing authorities. Also, tax returns are being filed in an orderly and timely fashion in accordance with tax return reporting deadlines. The Debtors plan to amend this schedule as appropriate upon which time its employees have returned to work and are able to make the appropriate accounting entries to report this information.

 

18


In re: Pier 1 Imports, Inc., et al.       MOR-8
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Debtor Questionnaire

 

General Questions

   Yes    No

1.  HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?

   X1   

2.  HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?

      X

3.  ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?

   X2   

4.  HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?

   X3   

5.  HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?

   X4   

6.  ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?

      X

7.  ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?

      X

8.  ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?

      X

9.  ARE ANY OTHER POSTPETITION TAXES PAST DUE?

      X

10.  ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?

   X5   

11.  HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?

   X6   

12.  ARE ANY WAGE PAYMENTS PAST DUE?

     

Insurance

   Yes    No

1.  ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?

   X   

2.  ARE ALL PREMIUM PAYMENTS PAID CURRENT?

   X   

3.  PLEASE ITEMIZE POLICIES BELOW.

   See following page

 

[1]

Pursuant to the Final Order (I) Authorizing the Debtors to Assume the Consulting Agreement, (II) Authorizing and Approving the Conduct of Store Closing Sales, with Such Sales to be Free and Clear of All Liens, Claims, and Encumbrances, (III) Authorizing Customary Bonuses to Employees of Closing Stores, and (IV) Granting Related Relief, the Debtors have    been selling fixtures and other items from locations that have been closed.

[2]

Pursuant to the Final Order (I) Authorizing the Debtors to (A) Continue to Operate their Cash Management System, (B) Honor Certain Prepetition Obligations Related Thereto, (C) Maintain Existing Business Forms, and (D) Perform Intercompany Transactions, and (II) Granting Related Relief (Docket No. 344), the Debtors continue to enter into ordinary course intercompany transactions postpetition consistent with the Debtors’ operation of their business in the prepetition period.

[3]

The Debtors made various payments on prepetition liabilities during the period pursuant to the interim and final first day orders.

[4]

Pursuant to the Final Order (I) Authorizing the Debtors to Obtain Postpetition Financing, (II) Authorizing the Debtors to Use Cash Collateral, (III) Granting Liens and Providing Superpriority Administrative Expense Status, (IV) Granting Adequate Protection to the Prepetition Secured Parties, (V) Modifying the Automatic Stay and (VI) Granting Related Relief (Docket No. 342), the Debtors have secured postpetition debtor-in-possession financing.

[5]

Pursuant to the Order Granting (I) Relief Related to the Interim Budget, (II) Temporarily Adjourning Certain Motions and Applications for Payments, and (III) Granting Related Relief, the Debtors have suspended certain postpetition payments.

[6]

Pursuant to the Final Order (I) Authorizing the Payment of Certain Prepetition and Postpetition Taxes and Fees and (II) Granting Related Relief (Docket No. 374), the Debtors continue to pay prepetition taxes and fees as they come due.

 

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In re: Pier 1 Imports, Inc., et al.       MOR-8A
   Case No. (Jointly Administered)    20-30805
   Reporting Period:    2/17/2020 - 3/31/2020

 

Debtor Questionnaire—Insurance Supplement

 

Change (New, Lapsed,
Modified, etc.)

  

Policy Type

  

Insurance Carrier

  

Policy Number

  

Policy Term

   Approximate Annualized
Premium
 

Renewed

   Workers Compensation & Employers Liability    Safety National    LDS4043715    4/1/20 to 5/1/20   

Renewed

   Commercial General Liability    Safety National    GL 4043721    4/1/20 to 5/1/20   

Renewed

   Automobile Liability    Safety National    CAF4043719    4/1/20 to 5/1/20   

Renewed

   Commercial General Liability Canada    Tokio Marine    CBC 5657447    4/1/20 to 5/1/20   

Renewed

   Excess General Liability Canada    AIG Canada    28295100    4/1/20 to 5/1/20      $1,379,4531  

Renewed

   Umbrella Liability: 1st Layer    AIG    28295099    4/1/20 to 5/1/20   

Renewed

   Umbrella Liability: 2nd Layer    XL Insurance    US00052669LI19A    4/1/20 to 5/1/20   

Renewed

   Umbrella Liability: 3rd Layer    Endurance (Sompo)    XSC30000058903    4/1/20 to 5/1/20   

Renewed

   Umbrella Liability: 4th Layer    Great American/Chubb    EXC2276241    4/1/20 to 5/1/20   

Renewed

   Foreign Liability    Zurich    ZE 0233383-03    4/1/20 to 5/1/20   

Expired

   Punitive Damages 1st Layer    AIG Reinsurance    13631190    Expired at 3/1/20   

Expired

   Punitive Damages 2nd Layer    XL – Irish    US00052669LI19A    Expired at 3/1/20   

Expired

   Punitive Damages 3rd Layer    Endurance    MCEN205148    Expired at 3/1/20   

Expired

   Punitive Damages 4th Layer    Chubb/GA Spirit    PD10122-001-A    Expired at 3/1/20   

Note:

 

1)

Policies are being extended month-to-month. The Debtors paid $114,954.41 on March 28th for the premiums covering the month of April.

 

20


     
     
     

 

In re: Pier 1 Imports, Inc., et al.

Appendix A—Statement of Operations (Consolidated)

As described in the Notes to the Monthly Operating Report, in light of current circumstances, the Debtors are unable to provide a Statement of Operations at this time. The Debtors will amend this schedule as soon as reasonably practicable.

 

21


     
     
     

 

In re: Pier 1 Imports, Inc., et al.

Appendix B—Balance Sheet (Consolidated)

As described in the Notes to the Monthly Operating Report, in light of current circumstances, the Debtors are unable to provide a Balance Sheet at this time. The Debtors will amend this schedule as soon as reasonably practicable.

 

22