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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As Filed with the Securities and Exchange Commission on March 21, 2007
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Registration No.&nbsp;333-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 0pt"><B>REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>BAKERS FOOTWEAR GROUP, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>MISSOURI</B><BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>43-0577980</B><BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>2815 Scott Avenue<BR>
St. Louis, Missouri 63103</B><BR>
(Address, including zip code, of registrant&#146;s principal executive offices)
</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 18pt"><B>Bakers Footwear Group, Inc. 2003 Stock Option Plan</B><BR>
(Full title of the Plan)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Peter A. Edison<BR>
Bakers Footwear Group, Inc.<BR>
2815 Scott Avenue<BR>
St. Louis, Missouri 63103<BR>
(314)&nbsp;621-0699</B><BR>
(Name, address, including zip code, and telephone number,<BR>
including area code, of agent for service)<BR>
<B>Copies of all correspondence to:</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>William L. Cole, Esq.<BR>
Bradley L. Wideman, Esq.<BR>
Bryan Cave LLP<BR>
211 North Broadway, Suite&nbsp;3600<BR>
St. Louis, Missouri 63102-2750<BR>
Tel (314)&nbsp;259-2000, Fax (314)&nbsp;259-2020</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
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    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD style="border-left: 2px solid #000000">&nbsp;</TD>
<TD nowrap align="center">Title of Each Class</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of&nbsp;&nbsp;</TD>
<TD style="border-right: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD style="border-left: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="center">of Securities to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Aggregate</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registration&nbsp;&nbsp;</TD>
<TD style="border-right: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">

<TD style="border-left: 2px solid #000000">&nbsp;</TD>
    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Per Unit <SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Offering Price<SUP style="font-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Fee&nbsp;&nbsp;</TD>
<TD style="border-right: 2px solid #000000">&nbsp;</TD>
</TR>

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    <TD style="border-left: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par value
$0.0001 per share</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">500,000 shares <SUP style="font-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$10.5049</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 2px solid #000000">$5,252,458</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$161.25&nbsp;&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
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<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated pursuant to Rules 457(c) and 457(h) under the Securities Act of 1933, as
amended, solely for the purpose of calculating the amount of the registration fee as follows:
(i) $10.39 per share in the case of options to purchase up to 103,740 shares of the
Registrant&#146;s common stock that were granted on March&nbsp;15, 2007 at an exercise price of $10.39
per share, and (ii)&nbsp;in the case of the remaining 396,260 shares of Common Stock underlying
options that have not yet been granted, and the option price of which is therefore unknown,
the fee is calculated on the basis of the average of the high and low sale prices per share of
the Registrant&#146;s Common Stock as reported by The Nasdaq Stock Market on March&nbsp;15, 2007, which
was $10.535.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>In addition, pursuant to Rule&nbsp;416 under the Securities Act of 1933, an additional
indeterminate number of shares of Common Stock issuable pursuant to the anti-dilution
provisions of the Bakers Footwear Group, Inc. 2003 Stock Option Plan, as amended, are being
registered.</TD>
</TR>

</TABLE>



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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement registers additional securities of the same class as other
securities for which a registration statement filed on this form relating to the same employee
benefit plan is effective. Consequently, pursuant to General Instruction E of Form S-8, the
contents of the Registration Statement on Form S-8 filed by Bakers Footwear Group, Inc.,
Registration No.&nbsp;333-118339, are incorporated by reference into this Registration Statement. Any
statement contained in a document incorporated or deemed to be incorporated herein by reference
shall be deemed to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed document which also is
or is deemed to be incorporated by reference herein modifies or supersedes such statement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1. Plan Information.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information required by Part&nbsp;I of the Form S-8 to be contained in the Section 10(a) prospectus
is omitted from this registration statement in accordance with Rule&nbsp;428 under the Securities Act of
1933, as amended (&#147;Securities Act&#148;), and the Note to the instructions to Part&nbsp;I of <FONT style="white-space: nowrap">Form&nbsp;S-8.
</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2. Registrant Information and Employee Plan Annual Information.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information required by Part&nbsp;I of the Form S-8 to be contained in the Section 10(a) prospectus
is omitted from this registration statement in accordance with Rule&nbsp;428 under the Securities Act,
and the Note to the instructions to Part&nbsp;I of Form S-8.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by Bakers Footwear Group, Inc. (&#147;Registrant&#148;) pursuant to the
Securities Exchange Act of 1934 (the &#147;1934 Act&#148;) (File No.&nbsp;000-50563) are incorporated by reference
into this Registration Statement:
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Annual Report on Form 10-K which contains audited financial statements
for the fiscal year ended
<FONT style="white-space: nowrap">January&nbsp;28, 2006.</FONT></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Quarterly Reports on Form 10-Q for the quarterly periods ended April
29, 2006, July&nbsp;29, 2006 and
<FONT style="white-space: nowrap">October&nbsp;28, 2006.</FONT></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Registrant&#146;s Current Reports on Form 8-K filed with the SEC on March&nbsp;22, 2006, April
5, 2006, April&nbsp;26, 2006, June&nbsp;7, 2006, September&nbsp;7, 2006 and March&nbsp;21, 2007 (other than the
portions of those reports set forth under Items 2.02 or 7.01 of Form 8-K or other
information &#147;furnished&#148; to the SEC).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of the Registrant&#146;s Common Stock, which is contained in the Registration
Statement on Form 8-A (File No.&nbsp;000-50563), dated and filed on January&nbsp;30, 2004 pursuant to
Section&nbsp;12 of the 1934 Act, including any amendments or reports filed for purposes of
updating such description.</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 or
15(d) of the 1934 Act (other than those made pursuant to Item&nbsp;2.02 or Item&nbsp;7.01 of Form 8-K or
other information &#147;furnished&#148; to the SEC), prior to filing a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement
and to be a part hereof from the date of filing such documents. Any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be deemed to be
modified or superseded for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. All Securities to be offered are registered under Section&nbsp;12 of the 1934 Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant is a Missouri corporation. Sections&nbsp;351.355(1) and (2)&nbsp;of The General and Business
Corporation Law of the State of Missouri (&#147;GBCL&#148;) provide that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding by reason of the fact that he is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorneys&#146; fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by him in connection with such action, suit or
proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed
to the best interests of the corporation and, with respect to any criminal action or proceeding,
had no reasonable cause to believe his conduct was unlawful, except that, in the case of an action
or suit by or in the right of the corporation, no person shall be indemnified as to any claim,
issue or matter as to which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of his duty to the corporation, unless and only to the extent that
the court in which the action or suit was brought determines upon application that such person is
fairly and reasonably entitled to indemnity for proper expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s restated bylaws generally provide that the corporation shall indemnify each
person (other than a party plaintiff suing on his or her own behalf or in the right of the
corporation) who at any time is serving or has served as a director of the corporation against any
claim, liability or expense incurred as a result of such service (or as a result of any other
service on behalf of or at the request of the corporation) to the maximum extent permitted by law.
This indemnification includes, but is not limited to, indemnification of any such person (other
than a party plaintiff suing on his or her behalf or in the right of the corporation), who was or
is a party or is threatened to be made a party, to any threatened, pending or completed action,
suit or proceeding (including, but not limited to, an action by or in the right of the corporation)
by reason of such service against expenses (including, without limitation, costs of investigation
and attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her in connection with such action, suit or proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s restated bylaws further generally provide that the corporation may indemnify
any person (other than a party plaintiff suing on his or her own behalf or in the right of the
corporation) who at any time is serving or has served as an officer, employee or agent of the
corporation against any claim, liability or expense incurred as a result of such service (or as a
result of any other service on behalf of or at the request of the corporation) to the maximum
extent permitted by law or to such lesser extent as the corporation, in its discretion, may deem
appropriate. Without limiting the generality of the foregoing, the corporation may indemnify any
such person (other than a party plaintiff suing on his or her own behalf or in the right of the
corporation), who was or is a party, or is threatened to be made a party, to any threatened,
pending or completed action, suit or proceeding (including, but not limited to, an action by or in
the right of the corporation) by reason of such service, against expenses (including, without
limitation, costs of investigation and attorneys&#146; fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred by him or her in connection with such action, suit or
proceeding.
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;351.355(3) of the GBCL provides that, except as otherwise provided in the
corporation&#146;s articles of incorporation or the bylaws, to the extent a director, officer, employee
or agent of the corporation has been successful in the defense of any such action, suit or
proceeding or any claim, issue or matter therein, he shall be indemnified against expenses,
including attorney&#146;s fees, actually and reasonably incurred in connection with such action, suit or
proceeding. The Registrant&#146;s restated bylaws provide that such indemnification shall be mandatory.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;351.355(5) of the GBCL provides that, expenses incurred in defending any civil,
criminal, administrative or investigative action, suit, or proceeding may be paid by the
corporation in advance of the final disposition of the action, suit, or proceeding as authorized by
the board of directors in the specific case upon receipt of an undertaking by or on behalf of the
director, officer, employee or agent to repay such amount unless it shall ultimately be determined
that he or she is entitled to be indemnified by the corporation as authorized in that section. The
Registrant&#146;s restated bylaws provide that expenses incurred by a director, officer or employee of
the Registrant in defending a pending or threatened civil or criminal action, suit or proceeding
shall be paid by the Registrant in advance of the final disposition of such action, and expenses
incurred by a person who is or was an agent of the Registrant in defending such a pending or
threatened action may be paid by the Registrant in advance of the final disposition of such action
as authorized by the Board of Directors, in either case upon receipt of an undertaking by or on
behalf of such person to repay such amount, without interest, if it shall ultimately be finally
determined that he or she is not entitled to be indemnified by the Registrant pursuant to the
restated articles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;351.355(7) of the GBCL provides that a corporation may provide additional
indemnification to any person indemnifiable under subsection (1)&nbsp;or (2), provided such additional
indemnification is authorized by the corporation&#146;s articles of incorporation or an amendment
thereto or by a shareholder-approved bylaw or agreement, provided further that no person shall
thereby be indemnified against conduct which was finally adjudged to have been knowingly
fraudulent, deliberately dishonest or willful misconduct.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s restated articles of incorporation and restated bylaws provide that the
liability of the Registrant&#146;s directors to the Registrant or to any of its shareholders for
monetary damages for breach of fiduciary duties as a director shall be limited to the fullest
extent permitted by the GBCL. Any change to the Registrant&#146;s articles of incorporation affecting
this limitation on liability shall not apply to actions taken or omissions made prior to such
change.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Registrant expects to enter into indemnification contracts with its
directors. Pursuant to those agreements, the Registrant expects to agree to indemnify the
directors to the full extent authorized or permitted by the GBCL. The Registrant expects the
agreements to provide for the advancement of expenses of defending any civil or criminal action,
claim, suit or proceeding against the director and for repayment of such expenses by the director
if it is ultimately judicially determined that the director is not entitled to such
indemnification.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section of 351.355(8) of the GBCL provides that a corporation may purchase and maintain
insurance or another arrangement on behalf of any person who is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise against any liability asserted against him or her and incurred by him or her in
any such capacity, or arising out of his or her status as such, whether or not the corporation
would have the power to indemnify him against such liability under the provisions of that section.
That section also provides that in the absence of fraud the judgment of the board of directors as
to the terms and conditions of the insurance or other arrangement and the identity of the insurer
or other person participating in an arrangement shall be conclusive and the insurance or
arrangement shall not be voidable and shall not subject the directors approving the insurance or
arrangement to liability on any ground regardless of whether directors participating in the
approval are beneficiaries of the insurance arrangement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant also has directors&#146; and officers&#146; insurance which protects each director and
officer from liability for actions taken in their capacity as directors or officers. This insurance
may provide broader coverage for such individuals than may be required by the provisions of the
restated articles of incorporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing represents a summary of the general effect of the indemnification provisions of
the GBCL, the restated articles of incorporation, the restated bylaws and such agreements and
insurance. Additional information regarding indemnification of directors and officers can be found
in Section&nbsp;351.355 of the GBCL, the restated articles of incorporation, the restated bylaws and any
pertinent agreements.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Exhibit index.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned registrant hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of
1933;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
represent no more than a 20% change in the maximum aggregate offering price set forth in the
&#147;Calculation of Registration Fee&#148; table in the effective registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>provided</I>, <I>however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration
statement is on Form S-8, and the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the Commission by the
registrant pursuant to Section&nbsp;13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the registration statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act of 1933,
each such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) That, for the purpose of determining liability of the registrant under the
Securities Act of 1933 to any purchaser in the initial distribution of the securities: The
undersigned registrant undertakes that in a primary offering of securities of the undersigned
registrant pursuant to this registration statement, regardless of the underwriting method used to
sell the securities to the purchaser, if the securities are offered or sold to such purchaser by
means of any of the following communications, the undersigned registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such purchaser: (i)&nbsp;Any
preliminary prospectus or prospectus of the undersigned registrant relating to the offering
required to be filed pursuant to Rule&nbsp;424; (ii)&nbsp;Any free writing prospectus relating to
the offering prepared by or on behalf of the undersigned registrant or used or referred to by the
undersigned registrant; (iii)&nbsp;The portion of any other free writing prospectus
relating to the offering containing material information about the undersigned registrant or its
securities provided by or on behalf of the undersigned registrant; and (iv)&nbsp;Any other
communication that is an offer in the offering made by the undersigned registrant to the purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in the registration statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers, and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer, or controlling person of the registrant in the successful defense of any action,
suit, or proceeding) is asserted by such director, officer, or controlling person in connection
with the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of St. Louis, State of Missouri, on March&nbsp;21, 2007.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">BAKERS FOOTWEAR GROUP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter A. Edison
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Peter A. Edison&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chairman of the Board and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed below by or on behalf of the following persons in the capacities and on the date
indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><DIV style="border-bottom: 1px solid #000000; width: 2%">Signature</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><DIV style="border-bottom: 1px solid #000000; width: 2%">Title</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><DIV style="border-bottom: 1px solid #000000; width: 2%">Date</DIV></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Peter A. Edison
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Peter A. Edison
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the
Board and Chief
Executive Officer
and Director
(Principal
Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Lawrence L. Spanley*
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Lawrence L. Spanley
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice
President, Chief
Financial Officer,
Treasurer and
Secretary
(Principal
Financial Officer
and Principal
Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Andrew N. Baur*
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Andrew N. Baur
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michele A. Bergerac*
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Michele A. Bergerac
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Timothy F. Finley*
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Timothy F. Finley
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Harry E. Rich*
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Harry E. Rich
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Scott C. Schnuck*
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Scott C. Schnuck
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;21, 2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD colspan="2" valign="top">*By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Peter A. Edison
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Peter A. Edison, Attorney-in-fact&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">pursuant to power of attorney&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><DIV style="border-bottom: 1px solid #000000; width: 2%"><B>Description</B></DIV></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Articles of Incorporation of the Company
(incorporated by reference to Exhibit&nbsp;3.1 to the Company&#146;s
Annual Report on Form&nbsp;10-K for the fiscal year ended January
3, 2004 filed on April&nbsp;2, 2004 (File No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Bylaws of the Company (incorporated by reference to
Exhibit&nbsp;3.2 to the Company&#146;s Annual Report on Form&nbsp;10-K for
the fiscal year ended January&nbsp;3, 2004 filed on April&nbsp;2, 2004
(File No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Debenture Purchase Agreement dated April&nbsp;4, 2002 by and among
the Company and the persons on the attached signature pages
(incorporated by reference to Exhibit&nbsp;4.1 of the Company&#146;s
Registration Statement on Form&nbsp;S-1 (File No.&nbsp;333-86332), filed
April&nbsp;16, 2002).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Convertible Debenture Exchange Agreement dated January&nbsp;2, 2004
by and among the Company, Special Situations Private Equity
Fund, L.P., Special Situations Cayman Fund, L.P., Special
Situations Fund III, L.P., Julian Edison, The Crown Advisors,
LLC, Crown Investment Partners, L.P. and SWB Holdings, Inc.
(incorporated by reference to Exhibit&nbsp;4.1.1 of Amendment No.&nbsp;3
to the Company&#146;s Registration Statement on Form&nbsp;S-1 (File No.
333-86332), filed January&nbsp;8, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Subordinated Convertible Debenture dated January&nbsp;2004
(incorporated by reference to Exhibit&nbsp;A of Exhibit&nbsp;4.1.1 of
Amendment No.&nbsp;3 to the Company&#146;s Registration Statement on
Form&nbsp;S-1 (File No.&nbsp;333-86332), filed January&nbsp;8, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Registration Rights Agreement dated January&nbsp;2, 2004 by
and among the Company and the selling shareholders named
therein (incorporated by reference to Exhibit&nbsp;4.2.1 of
Amendment No.&nbsp;3 to the Company&#146;s Registration Statement on
Form&nbsp;S-1 (File No.&nbsp;333-86332), filed January&nbsp;8, 2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter to Ryan Beck &#038; Co., Inc. and BB&#038;T Capital Markets, as
representatives of the underwriters, relating to restrictions
on transferability of common stock underlying convertible
debentures, executed by all holders of subordinated
convertible debentures (incorporated by reference to Exhibit
4.2.2 to the Company&#146;s Annual Report on Form&nbsp;10-K for the
fiscal year ended January&nbsp;3, 2004 filed on April&nbsp;2, 2004 (File
No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Representatives&#146; Warrant Agreement, dated February&nbsp;10, 2004 by
and among the Company, Ryan Beck &#038; Co., Inc. and BB&#038;T Capital
Markets, a Division of Scott &#038; Stringfellow, Inc.
(incorporated by reference to Exhibit&nbsp;4.3 to the Company&#146;s
Annual Report on Form&nbsp;10-K for the fiscal year ended January
3, 2004 filed on April&nbsp;2, 2004 (File No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Intercreditor and Subordination Agreement
dated January&nbsp;2, 2004 by and among Fleet Retail Group Inc.
(f/k/a Fleet Retail Finance, Inc.), the selling shareholders
named therein and the Company (incorporated by reference to
Exhibit&nbsp;4.4 of Amendment No.&nbsp;3 to the Company&#146;s Registration
Statement on Form&nbsp;S-1 (File No.&nbsp;333-86332), filed January&nbsp;8,
2004).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter to Ryan Beck &#038; Co., Inc. and BB&#038;T Capital Markets, as
representatives of the underwriters, relating to restrictions
on transferability of common stock, executed by all directors,
officers and shareholders prior to the initial public offering
(incorporated by reference to Exhibit&nbsp;4.5 to the Company&#146;s
Annual Report on Form&nbsp;10-K for the fiscal year ended January
3, 2004 filed on April&nbsp;2, 2004 (File No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of common stock certificate (incorporated by reference to
Exhibit&nbsp;4.6 to the Company&#146;s Annual Report on Form&nbsp;10-K for
the fiscal year ended January&nbsp;3, 2004 filed on April&nbsp;2, 2004
(File No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Warrants issued by the Company to representatives of the
underwriters, or their designees (incorporated by reference to
Exhibit&nbsp;4.7 to the Company&#146;s Annual Report on Form&nbsp;10-K for
the fiscal year ended January&nbsp;3, 2004 filed on April&nbsp;2, 2004
(File No.&nbsp;000-50563)).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchase Agreement dated March&nbsp;31, 2005 by and among the
Company and the Investors named therein (incorporated by
reference to Exhibit&nbsp;4.1 to the Company&#146;s Current Report on
Form&nbsp;8-K (File No.&nbsp;000-50563), filed on April&nbsp;13, 2005).</TD>
</TR>
<!-- End Table Body -->
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.9&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights Agreement dated April&nbsp;8, 2005 by and among
the Company, the Investors named therein and Ryan Beck &#038; Co.,
Inc. (incorporated by reference to Exhibit&nbsp;4.2 to the
Company&#146;s Current Report on Form&nbsp;8-K (File No.&nbsp;000-50563),
filed on April&nbsp;13, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrants issued by the Company to the Investors on
April&nbsp;8, 2005 (incorporated by reference to Exhibit&nbsp;4.3 to the
Company&#146;s Current Report on Form&nbsp;8-K (File No.&nbsp;000-50563),
filed on April&nbsp;13, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrants issued by the Company to Ryan Beck &#038; Co.,
Inc. or its designees on April&nbsp;8, 2005 (incorporated by
reference to Exhibit&nbsp;4.4 to the Company&#146;s Current Report on
Form&nbsp;8-K (File No.&nbsp;000-50563), filed on April&nbsp;13, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Lock-Up Letter Agreement relating to the
transferability of common stock, executed by Bernard Edison
and Peter A. Edison in April&nbsp;2005 (incorporated by reference
to Exhibit&nbsp;4.5 to the Company&#146;s Current Report on Form&nbsp;8-K
(File No.&nbsp;000-50563), filed on April&nbsp;13, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Bryan Cave LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Bryan Cave LLP (included in Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bakers Footwear Group, Inc. 2003 Stock Option Plan
(incorporated by reference to exhibit 10.3 of the Company&#146;s
Current Report on Form&nbsp;8-K filed on March&nbsp;21, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Nonqualified Option Award Agreement under Bakers
Footwear Group, Inc. 2003 Stock Option Plan. (incorporated by
reference to Exhibit&nbsp;10.2 to the Company&#146;s Current Report on
Form&nbsp;8-K filed on March&nbsp;21, 2007).</TD>
</TR>
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[{"type": "S-8", "sequence": "1", "filename": "c13452sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 61303}]
{"company-data": {"conformed-name": "BAKERS FOOTWEAR GROUP INC", "cik": "0001171032", "assigned-sic": "5661", "irs-number": "430577980", "state-of-incorporation": "MO", "fiscal-year-end": "0104"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-141469", "film-number": "07709403"}, "business-address": {"street1": "2815 SCOTT AVE", "city": "ST LOUIS", "state": "MO", "zip": "63103", "phone": "3146210699"}, "mail-address": {"street1": "2815 SCOTT AVE", "city": "ST LOUIS", "state": "MO", "zip": "63103"}}
sv8
As Filed with the Securities and Exchange Commission on March 21, 2007
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
BAKERS FOOTWEAR GROUP, INC.
(Exact name of registrant as specified in its charter)
MISSOURI
(State or other jurisdiction of
incorporation or organization)
43-0577980
(I.R.S. Employer
Identification No.)
2815 Scott Avenue
St. Louis, Missouri 63103
(Address, including zip code, of registrant's principal executive offices)
Bakers Footwear Group, Inc. 2003 Stock Option Plan
(Full title of the Plan)
Peter A. Edison
Bakers Footwear Group, Inc.
2815 Scott Avenue
St. Louis, Missouri 63103
(314) 621-0699
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
Copies of all correspondence to:
William L. Cole, Esq.
Bradley L. Wideman, Esq.
Bryan Cave LLP
211 North Broadway, Suite 3600
St. Louis, Missouri 63102-2750
Tel (314) 259-2000, Fax (314) 259-2020
CALCULATION OF REGISTRATION FEE
Title of Each Class
Amount
Proposed Maximum
Proposed Maximum
Amount of
of Securities to be
to be
Offering Price
Aggregate
Registration
Registered
Registered
Per Unit
(1)
Offering Price
(1)
Fee
Common Stock, par value
$0.0001 per share
500,000 shares
(2)
$10.5049
$5,252,458
$161.25
(1)
Estimated pursuant to Rules 457(c) and 457(h) under the Securities Act of 1933, as
amended, solely for the purpose of calculating the amount of the registration fee as follows:
(i) $10.39 per share in the case of options to purchase up to 103,740 shares of the
Registrant's common stock that were granted on March 15, 2007 at an exercise price of $10.39
per share, and (ii) in the case of the remaining 396,260 shares of Common Stock underlying
options that have not yet been granted, and the option price of which is therefore unknown,
the fee is calculated on the basis of the average of the high and low sale prices per share of
the Registrant's Common Stock as reported by The Nasdaq Stock Market on March 15, 2007, which
was $10.535.
(2)
In addition, pursuant to Rule 416 under the Securities Act of 1933, an additional
indeterminate number of shares of Common Stock issuable pursuant to the anti-dilution
provisions of the Bakers Footwear Group, Inc. 2003 Stock Option Plan, as amended, are being
registered.
EXPLANATORY NOTE
This Registration Statement registers additional securities of the same class as other
securities for which a registration statement filed on this form relating to the same employee
benefit plan is effective. Consequently, pursuant to General Instruction E of Form S-8, the
contents of the Registration Statement on Form S-8 filed by Bakers Footwear Group, Inc.,
Registration No. 333-118339, are incorporated by reference into this Registration Statement. Any
statement contained in a document incorporated or deemed to be incorporated herein by reference
shall be deemed to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed document which also is
or is deemed to be incorporated by reference herein modifies or supersedes such statement.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information.
Information required by Part I of the Form S-8 to be contained in the Section 10(a) prospectus
is omitted from this registration statement in accordance with Rule 428 under the Securities Act of
1933, as amended ("Securities Act"), and the Note to the instructions to Part I of
Form S-8.
Item 2. Registrant Information and Employee Plan Annual Information.
Information required by Part I of the Form S-8 to be contained in the Section 10(a) prospectus
is omitted from this registration statement in accordance with Rule 428 under the Securities Act,
and the Note to the instructions to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Bakers Footwear Group, Inc. ("Registrant") pursuant to the
Securities Exchange Act of 1934 (the "1934 Act") (File No. 000-50563) are incorporated by reference
into this Registration Statement:
•
The Registrant's Annual Report on Form 10-K which contains audited financial statements
for the fiscal year ended
January 28, 2006.
•
The Registrant's Quarterly Reports on Form 10-Q for the quarterly periods ended April
29, 2006, July 29, 2006 and
October 28, 2006.
•
The Registrant's Current Reports on Form 8-K filed with the SEC on March 22, 2006, April
5, 2006, April 26, 2006, June 7, 2006, September 7, 2006 and March 21, 2007 (other than the
portions of those reports set forth under Items 2.02 or 7.01 of Form 8-K or other
information "furnished" to the SEC).
•
The description of the Registrant's Common Stock, which is contained in the Registration
Statement on Form 8-A (File No. 000-50563), dated and filed on January 30, 2004 pursuant to
Section 12 of the 1934 Act, including any amendments or reports filed for purposes of
updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or
15(d) of the 1934 Act (other than those made pursuant to Item 2.02 or Item 7.01 of Form 8-K or
other information "furnished" to the SEC), prior to filing a post-effective amendment which
indicates that all securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement
and to be a part hereof from the date of filing such documents. Any statement contained in a
document incorporated or deemed to be incorporated herein by reference shall be deemed to be
modified or superseded for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.
Item 4. Description of Securities.
Not applicable. All Securities to be offered are registered under Section 12 of the 1934 Act.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Registrant is a Missouri corporation. Sections 351.355(1) and (2) of The General and Business
Corporation Law of the State of Missouri ("GBCL") provide that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding by reason of the fact that he is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by him in connection with such action, suit or
proceeding if he acted in good faith and in a manner he reasonably believed to be in or not opposed
to the best interests of the corporation and, with respect to any criminal action or proceeding,
had no reasonable cause to believe his conduct was unlawful, except that, in the case of an action
or suit by or in the right of the corporation, no person shall be indemnified as to any claim,
issue or matter as to which such person shall have been adjudged to be liable for negligence or
misconduct in the performance of his duty to the corporation, unless and only to the extent that
the court in which the action or suit was brought determines upon application that such person is
fairly and reasonably entitled to indemnity for proper expenses.
The Registrant's restated bylaws generally provide that the corporation shall indemnify each
person (other than a party plaintiff suing on his or her own behalf or in the right of the
corporation) who at any time is serving or has served as a director of the corporation against any
claim, liability or expense incurred as a result of such service (or as a result of any other
service on behalf of or at the request of the corporation) to the maximum extent permitted by law.
This indemnification includes, but is not limited to, indemnification of any such person (other
than a party plaintiff suing on his or her behalf or in the right of the corporation), who was or
is a party or is threatened to be made a party, to any threatened, pending or completed action,
suit or proceeding (including, but not limited to, an action by or in the right of the corporation)
by reason of such service against expenses (including, without limitation, costs of investigation
and attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably
incurred by him or her in connection with such action, suit or proceeding.
The Registrant's restated bylaws further generally provide that the corporation may indemnify
any person (other than a party plaintiff suing on his or her own behalf or in the right of the
corporation) who at any time is serving or has served as an officer, employee or agent of the
corporation against any claim, liability or expense incurred as a result of such service (or as a
result of any other service on behalf of or at the request of the corporation) to the maximum
extent permitted by law or to such lesser extent as the corporation, in its discretion, may deem
appropriate. Without limiting the generality of the foregoing, the corporation may indemnify any
such person (other than a party plaintiff suing on his or her own behalf or in the right of the
corporation), who was or is a party, or is threatened to be made a party, to any threatened,
pending or completed action, suit or proceeding (including, but not limited to, an action by or in
the right of the corporation) by reason of such service, against expenses (including, without
limitation, costs of investigation and attorneys' fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred by him or her in connection with such action, suit or
proceeding.
Section 351.355(3) of the GBCL provides that, except as otherwise provided in the
corporation's articles of incorporation or the bylaws, to the extent a director, officer, employee
or agent of the corporation has been successful in the defense of any such action, suit or
proceeding or any claim, issue or matter therein, he shall be indemnified against expenses,
including attorney's fees, actually and reasonably incurred in connection with such action, suit or
proceeding. The Registrant's restated bylaws provide that such indemnification shall be mandatory.
Section 351.355(5) of the GBCL provides that, expenses incurred in defending any civil,
criminal, administrative or investigative action, suit, or proceeding may be paid by the
corporation in advance of the final disposition of the action, suit, or proceeding as authorized by
the board of directors in the specific case upon receipt of an undertaking by or on behalf of the
director, officer, employee or agent to repay such amount unless it shall ultimately be determined
that he or she is entitled to be indemnified by the corporation as authorized in that section. The
Registrant's restated bylaws provide that expenses incurred by a director, officer or employee of
the Registrant in defending a pending or threatened civil or criminal action, suit or proceeding
shall be paid by the Registrant in advance of the final disposition of such action, and expenses
incurred by a person who is or was an agent of the Registrant in defending such a pending or
threatened action may be paid by the Registrant in advance of the final disposition of such action
as authorized by the Board of Directors, in either case upon receipt of an undertaking by or on
behalf of such person to repay such amount, without interest, if it shall ultimately be finally
determined that he or she is not entitled to be indemnified by the Registrant pursuant to the
restated articles.
Section 351.355(7) of the GBCL provides that a corporation may provide additional
indemnification to any person indemnifiable under subsection (1) or (2), provided such additional
indemnification is authorized by the corporation's articles of incorporation or an amendment
thereto or by a shareholder-approved bylaw or agreement, provided further that no person shall
thereby be indemnified against conduct which was finally adjudged to have been knowingly
fraudulent, deliberately dishonest or willful misconduct.
The Registrant's restated articles of incorporation and restated bylaws provide that the
liability of the Registrant's directors to the Registrant or to any of its shareholders for
monetary damages for breach of fiduciary duties as a director shall be limited to the fullest
extent permitted by the GBCL. Any change to the Registrant's articles of incorporation affecting
this limitation on liability shall not apply to actions taken or omissions made prior to such
change.
In addition, the Registrant expects to enter into indemnification contracts with its
directors. Pursuant to those agreements, the Registrant expects to agree to indemnify the
directors to the full extent authorized or permitted by the GBCL. The Registrant expects the
agreements to provide for the advancement of expenses of defending any civil or criminal action,
claim, suit or proceeding against the director and for repayment of such expenses by the director
if it is ultimately judicially determined that the director is not entitled to such
indemnification.
Section of 351.355(8) of the GBCL provides that a corporation may purchase and maintain
insurance or another arrangement on behalf of any person who is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or
other enterprise against any liability asserted against him or her and incurred by him or her in
any such capacity, or arising out of his or her status as such, whether or not the corporation
would have the power to indemnify him against such liability under the provisions of that section.
That section also provides that in the absence of fraud the judgment of the board of directors as
to the terms and conditions of the insurance or other arrangement and the identity of the insurer
or other person participating in an arrangement shall be conclusive and the insurance or
arrangement shall not be voidable and shall not subject the directors approving the insurance or
arrangement to liability on any ground regardless of whether directors participating in the
approval are beneficiaries of the insurance arrangement.
The Registrant also has directors' and officers' insurance which protects each director and
officer from liability for actions taken in their capacity as directors or officers. This insurance
may provide broader coverage for such individuals than may be required by the provisions of the
restated articles of incorporation.
The foregoing represents a summary of the general effect of the indemnification provisions of
the GBCL, the restated articles of incorporation, the restated bylaws and such agreements and
insurance. Additional information regarding indemnification of directors and officers can be found
in Section 351.355 of the GBCL, the restated articles of incorporation, the restated bylaws and any
pertinent agreements.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Reference is made to the Exhibit index.
Item 9. Undertakings.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of
1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price
represent no more than a 20% change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration
statement is on Form S-8, and the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the Commission by the
registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are
incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933,
each such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability of the registrant under the
Securities Act of 1933 to any purchaser in the initial distribution of the securities: The
undersigned registrant undertakes that in a primary offering of securities of the undersigned
registrant pursuant to this registration statement, regardless of the underwriting method used to
sell the securities to the purchaser, if the securities are offered or sold to such purchaser by
means of any of the following communications, the undersigned registrant will be a seller to the
purchaser and will be considered to offer or sell such securities to such purchaser: (i) Any
preliminary prospectus or prospectus of the undersigned registrant relating to the offering
required to be filed pursuant to Rule 424; (ii) Any free writing prospectus relating to
the offering prepared by or on behalf of the undersigned registrant or used or referred to by the
undersigned registrant; (iii) The portion of any other free writing prospectus
relating to the offering containing material information about the undersigned registrant or its
securities provided by or on behalf of the undersigned registrant; and (iv) Any other
communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the
Securities Act of 1933, each filing of the registrant's annual report pursuant to Section
13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of
1934) that is incorporated by reference in the registration statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers, and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a
director, officer, or controlling person of the registrant in the successful defense of any action,
suit, or proceeding) is asserted by such director, officer, or controlling person in connection
with the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of St. Louis, State of Missouri, on March 21, 2007.
BAKERS FOOTWEAR GROUP, INC.
By:
/s/ Peter A. Edison
Peter A. Edison
Chairman of the Board and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed below by or on behalf of the following persons in the capacities and on the date
indicated.
Signature
Title
Date
/s/ Peter A. Edison
Peter A. Edison
Chairman of the
Board and Chief
Executive Officer
and Director
(Principal
Executive Officer)
March 21, 2007
/s/ Lawrence L. Spanley*
Lawrence L. Spanley
Executive Vice
President, Chief
Financial Officer,
Treasurer and
Secretary
(Principal
Financial Officer
and Principal
Accounting Officer)
March 21, 2007
/s/ Andrew N. Baur*
Andrew N. Baur
Director
March 21, 2007
/s/ Michele A. Bergerac*
Michele A. Bergerac
Director
March 21, 2007
/s/ Timothy F. Finley*
Timothy F. Finley
Director
March 21, 2007
/s/ Harry E. Rich*
Harry E. Rich
Director
March 21, 2007
/s/ Scott C. Schnuck*
Scott C. Schnuck
Director
March 21, 2007
*By:
/s/ Peter A. Edison
Peter A. Edison, Attorney-in-fact
pursuant to power of attorney
EXHIBIT INDEX
Exhibit No.
Description
3.1
Restated Articles of Incorporation of the Company
(incorporated by reference to Exhibit 3.1 to the Company's
Annual Report on Form 10-K for the fiscal year ended January
3, 2004 filed on April 2, 2004 (File No. 000-50563)).
3.2
Restated Bylaws of the Company (incorporated by reference to
Exhibit 3.2 to the Company's Annual Report on Form 10-K for
the fiscal year ended January 3, 2004 filed on April 2, 2004
(File No. 000-50563)).
4.1
Debenture Purchase Agreement dated April 4, 2002 by and among
the Company and the persons on the attached signature pages
(incorporated by reference to Exhibit 4.1 of the Company's
Registration Statement on Form S-1 (File No. 333-86332), filed
April 16, 2002).
4.1.1
Convertible Debenture Exchange Agreement dated January 2, 2004
by and among the Company, Special Situations Private Equity
Fund, L.P., Special Situations Cayman Fund, L.P., Special
Situations Fund III, L.P., Julian Edison, The Crown Advisors,
LLC, Crown Investment Partners, L.P. and SWB Holdings, Inc.
(incorporated by reference to Exhibit 4.1.1 of Amendment No. 3
to the Company's Registration Statement on Form S-1 (File No.
333-86332), filed January 8, 2004).
4.1.2
Form of Subordinated Convertible Debenture dated January 2004
(incorporated by reference to Exhibit A of Exhibit 4.1.1 of
Amendment No. 3 to the Company's Registration Statement on
Form S-1 (File No. 333-86332), filed January 8, 2004).
4.2.1
Second Registration Rights Agreement dated January 2, 2004 by
and among the Company and the selling shareholders named
therein (incorporated by reference to Exhibit 4.2.1 of
Amendment No. 3 to the Company's Registration Statement on
Form S-1 (File No. 333-86332), filed January 8, 2004).
4.2.2
Letter to Ryan Beck & Co., Inc. and BB&T Capital Markets, as
representatives of the underwriters, relating to restrictions
on transferability of common stock underlying convertible
debentures, executed by all holders of subordinated
convertible debentures (incorporated by reference to Exhibit
4.2.2 to the Company's Annual Report on Form 10-K for the
fiscal year ended January 3, 2004 filed on April 2, 2004 (File
No. 000-50563)).
4.3
Representatives' Warrant Agreement, dated February 10, 2004 by
and among the Company, Ryan Beck & Co., Inc. and BB&T Capital
Markets, a Division of Scott & Stringfellow, Inc.
(incorporated by reference to Exhibit 4.3 to the Company's
Annual Report on Form 10-K for the fiscal year ended January
3, 2004 filed on April 2, 2004 (File No. 000-50563)).
4.4
Amended and Restated Intercreditor and Subordination Agreement
dated January 2, 2004 by and among Fleet Retail Group Inc.
(f/k/a Fleet Retail Finance, Inc.), the selling shareholders
named therein and the Company (incorporated by reference to
Exhibit 4.4 of Amendment No. 3 to the Company's Registration
Statement on Form S-1 (File No. 333-86332), filed January 8,
2004).
4.5
Letter to Ryan Beck & Co., Inc. and BB&T Capital Markets, as
representatives of the underwriters, relating to restrictions
on transferability of common stock, executed by all directors,
officers and shareholders prior to the initial public offering
(incorporated by reference to Exhibit 4.5 to the Company's
Annual Report on Form 10-K for the fiscal year ended January
3, 2004 filed on April 2, 2004 (File No. 000-50563)).
4.6
Form of common stock certificate (incorporated by reference to
Exhibit 4.6 to the Company's Annual Report on Form 10-K for
the fiscal year ended January 3, 2004 filed on April 2, 2004
(File No. 000-50563)).
4.7
Warrants issued by the Company to representatives of the
underwriters, or their designees (incorporated by reference to
Exhibit 4.7 to the Company's Annual Report on Form 10-K for
the fiscal year ended January 3, 2004 filed on April 2, 2004
(File No. 000-50563)).
4.8
Purchase Agreement dated March 31, 2005 by and among the
Company and the Investors named therein (incorporated by
reference to Exhibit 4.1 to the Company's Current Report on
Form 8-K (File No. 000-50563), filed on April 13, 2005).
4.9
Registration Rights Agreement dated April 8, 2005 by and among
the Company, the Investors named therein and Ryan Beck & Co.,
Inc. (incorporated by reference to Exhibit 4.2 to the
Company's Current Report on Form 8-K (File No. 000-50563),
filed on April 13, 2005).
4.10
Form of Warrants issued by the Company to the Investors on
April 8, 2005 (incorporated by reference to Exhibit 4.3 to the
Company's Current Report on Form 8-K (File No. 000-50563),
filed on April 13, 2005).
4.11
Form of Warrants issued by the Company to Ryan Beck & Co.,
Inc. or its designees on April 8, 2005 (incorporated by
reference to Exhibit 4.4 to the Company's Current Report on
Form 8-K (File No. 000-50563), filed on April 13, 2005).
4.12
Form of Lock-Up Letter Agreement relating to the
transferability of common stock, executed by Bernard Edison
and Peter A. Edison in April 2005 (incorporated by reference
to Exhibit 4.5 to the Company's Current Report on Form 8-K
(File No. 000-50563), filed on April 13, 2005).
5.1
Opinion of Bryan Cave LLP.
23.1
Consent of Independent Registered Public Accounting Firm.
23.2
Consent of Bryan Cave LLP (included in Exhibit 5.1).
24.1
Power of Attorney.
99.1
Bakers Footwear Group, Inc. 2003 Stock Option Plan
(incorporated by reference to exhibit 10.3 of the Company's
Current Report on Form 8-K filed on March 21, 2007).
99.2
Form of Nonqualified Option Award Agreement under Bakers
Footwear Group, Inc. 2003 Stock Option Plan. (incorporated by
reference to Exhibit 10.2 to the Company's Current Report on
Form 8-K filed on March 21, 2007).