<?xml version='1.0' encoding='UTF-8'?>

      <!-- iXBRL document created with: Toppan Merrill Bridge iXBRL 9.6.7401.38943 -->
      <!-- Based on: iXBRL 1.1 -->
      <!-- Created on: 9/9/2020 8:27:49 PM -->
      <!-- iXBRL Library version: 1.0.7401.38955 -->
      <!-- iXBRL Service Job ID: 4ca9b062-72d7-4e91-bc98-d019575b69ca -->

  <html xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns="http://www.w3.org/1999/xhtml" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mik="http://www.michaels.com/20200902" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrli="http://www.xbrl.org/2003/instance"><head><meta http-equiv="content-type" content="text/html" /><title></title></head><body><div style="margin-top:30pt;"></div><div style="display:none;"><ix:header><ix:hidden><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityCentralIndexKey" id="Tc_nqPyDFmgt0i213bmd83zPQ_2_1">0001593936</ix:nonNumeric><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:AmendmentFlag" id="Tc_Em7WTYUWBUWxZ9xPbv9QXw_3_1">false</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="mik-20200902.xsd" xlink:type="simple"></link:schemaRef></ix:references><ix:resources><xbrli:context id="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001593936</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2020-09-02</xbrli:startDate><xbrli:endDate>2020-09-02</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:11.5pt;"><a id="_61ef87c1_4f55_46d3_8b67_596e1db2700b"></a><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">UNITED STATES<br />SECURITIES AND EXCHANGE COMMISSION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">WASHINGTON, D.C.&#160; 20549</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">&#160;</p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;min-height:1.19em;position:relative;width:100%;"><div style="background-color:#000000;height:1px;position:relative;top:0.6em;width:25.0%;border:none;margin:0 auto;"></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">FORM&#160;</b><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:DocumentType" id="Narr_KzlqZtuchkKCS9HQZEFJEg"><b style="font-weight:bold;">8-K</b></ix:nonNumeric><b style="font-weight:bold;"> </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">CURRENT REPORT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Pursuant to Section&#160;13 or 15(d)&#160;of the</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Securities Exchange Act of 1934</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">Date of report (Date of earliest event reported):&#160;<ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="Narr_isoKdG2gJ0qCmsxaWp57Qw">September 2, 2020</ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityRegistrantName" id="Narr_LXZxRxzEnUG95c4k7_gFAg"><b style="font-weight:bold;">THE MICHAELS COMPANIES, INC.</b></ix:nonNumeric><b style="font-weight:bold;"><br /></b>(Exact Name of Registrant as Specified in Charter)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">&#160;</p><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr><td style="vertical-align:top;width:32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="Narr_hKaE6R4AX0GIqPFAoilH4Q"><b style="font-weight:bold;">Delaware</b></ix:nonNumeric><br />(State or Other Jurisdiction<br />of Incorporation)</p></td><td style="vertical-align:bottom;width:1.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">&#160;</b></p></td><td style="vertical-align:top;width:32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityFileNumber" id="Narr_WT9RCdb_20y09-fVRy1UTg"><b style="font-weight:bold;">001-36501</b></ix:nonNumeric><br />(Commission<br />File Number)</p></td><td style="vertical-align:bottom;width:1.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">&#160;</b></p></td><td style="vertical-align:top;width:32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityTaxIdentificationNumber" id="Narr_Kq-Hmgp8g0m6-cx7I21QPQ"><b style="font-weight:bold;">37-1737959</b></ix:nonNumeric><br />(IRS Employer<br />Identification No.)</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityAddressAddressLine1" id="Narr_HBVbyCpz7kO0QViTim12XA"><b style="font-weight:bold;">8000 Bent Branch Drive</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityAddressCityOrTown" id="Narr_oDuGiiXou0u_Uo3ri70yAw"><b style="font-weight:bold;">Irving</b></ix:nonNumeric><b style="font-weight:bold;">, </b><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="Narr_YzEV3aLaekqLvO0vKNMmLg"><b style="font-weight:bold;">Texas</b></ix:nonNumeric>&#160; <ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:EntityAddressPostalZipCode" id="Narr_lMEjw5b_0UCflGVz9XloBg"><b style="font-weight:bold;">75063</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">(Address of Principal Executive Offices) (Zip Code)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">Registrant&#8217;s telephone number, including area code: <b style="font-weight:bold;">(</b><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:CityAreaCode" id="Narr_XhIVxJ9Fv0KQZJBKMHTdrw"><b style="font-weight:bold;">972</b></ix:nonNumeric><b style="font-weight:bold;">) </b><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:LocalPhoneNumber" id="Narr_xQNVw3S8-UqiA-IbRdZI-A"><b style="font-weight:bold;">409-1300</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">&#160;</p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;min-height:1.19em;position:relative;width:100%;"><div style="background-color:#000000;height:1px;position:relative;top:0.6em;width:25.0%;border:none;margin:0 auto;"></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:31pt;margin:0pt;">Check the appropriate box below if the Form&#160;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 27.35pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="Narr_L_i7IXyLuUWUjtrMI2kzDA"><span style="font-family:'Segoe UI Symbol';">&#9744;</span></ix:nonNumeric>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 27.35pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 0pt 27.35pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="Narr_UFx0rUuTA0WgIVzxtsvSsw"><span style="font-family:'Segoe UI Symbol';">&#9744;</span></ix:nonNumeric>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:27.35pt;text-indent:-27.35pt;margin:0pt 0pt 0pt 27.35pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:27.35pt;text-indent:-27.35pt;margin:0pt 0pt 0pt 27.35pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="Narr_19JjJVDyWUivjvjmPYH2AQ"><span style="font-family:'Segoe UI Symbol';">&#9744;</span></ix:nonNumeric>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under the Exchange Act (17 CFR 240.14d-2(b))</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:27pt;text-indent:-27pt;margin:0pt 0pt 0pt 27pt;">&#160;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:27pt;text-indent:-27pt;margin:0pt 0pt 0pt 27pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="Narr_elWLnusTQkCZLY2xwbC2tg"><span style="font-family:'Segoe UI Symbol';">&#9744;</span></ix:nonNumeric>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under the Exchange Act (17 CFR 240.13e-4(c))</p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="color:#212529;visibility:hidden;">&#8203;</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt;"><span style="color:#212529;">Securities registered pursuant to Section 12(b) of the Act:</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="color:#212529;">&#160;</span></p><a id="_0a315018_f0aa_48e8_bd0e_ebacc0dc1de7"></a><a id="Tc_x0ybfvmaD0S9p83f2oJv0w_0_0"></a><a id="Tc_wVeem2KT_kuURhJIsX9V7w_0_2"></a><a id="Tc_6dzNbLXED0CwtQDL1n2utw_0_4"></a><a id="Tc_ckWzQyP_EEGv6GDzbrJS4A_1_0"></a><a id="Tc_lo8xjks5x0iVhCHQukoIgw_1_4"></a><table style="background-color:#ffffff;border-collapse:collapse;font-size:16pt;margin-left:auto;padding-left:0pt;padding-right:0pt;width:99.98%;"><tr><td style="background-color:#ffffff;vertical-align:top;width:32.26%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:2pt 2pt 2pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Title of each class</b></p></td><td style="background-color:#ffffff;vertical-align:top;width:1.33%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:2pt 1.5pt 2pt 2pt;"></td><td style="background-color:#ffffff;vertical-align:top;width:18.36%;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:2pt 2pt 2pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Trading Symbol(s)</b></p></td><td style="background-color:#ffffff;vertical-align:bottom;width:3.04%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:2pt 1.5pt 2pt 2pt;"></td><td style="background-color:#ffffff;vertical-align:bottom;width:44.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:2pt 1.5pt 2pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Name of each exchange on which<br />registered</b></p></td></tr><tr><td style="background-color:#ffffff;vertical-align:top;width:32.26%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:2pt 2pt 2pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:Security12bTitle" id="Narr_MP_N_ZePTEeRotvRcuvqcQ">Common Stock</ix:nonNumeric>, $0.06775 par value</p></td><td style="background-color:#ffffff;vertical-align:top;width:1.33%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:2pt 1.5pt 2pt 2pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="background-color:#ffffff;vertical-align:top;width:18.36%;border-bottom:1.0pt solid #000000;margin:0pt;padding:2pt 2pt 2pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" name="dei:TradingSymbol" id="Tc_83CA1kwDM06fm9SmcisumQ_1_2">MIK</ix:nonNumeric></p></td><td style="background-color:#ffffff;vertical-align:top;width:3.04%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:2pt 1.5pt 2pt 2pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="background-color:#ffffff;vertical-align:top;width:44.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:2pt 1.5pt 2pt 1.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="Narr_yO0-jXUAF0md3LICMWhW8A">Nasdaq</ix:nonNumeric> Stock Market</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:12.0pt;text-indent:31pt;margin:0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:right;text-indent:31pt;margin:0pt;"><span style="font-size:10pt;">Emerging growth company&#160;&#160;&#160;&#160;&#160;</span><ix:nonNumeric contextRef="Duration_9_2_2020_To_9_2_2020_mR36Hq87dE2WTDbZFTPuHg" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="Narr_AC_pXfm48E6qZhGaU2hEgQ"><span style="font-family:'Segoe UI Symbol';font-size:10pt;">&#9744;</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">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.&#160;&#160;&#160;&#160;&#160;<span style="font-family:'Segoe UI Symbol';">&#9744;</span></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:0pt;margin:0pt 0pt 10pt 0pt;"><span style="font-size:0pt;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><a id="_0663302c_fad4_4829_8ba1_4511fc6ef116"></a></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.29%;padding-right:10.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><a id="_Hlk48075159"></a><a id="_Hlk48075128"></a><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">Item&#160;5.02.&#160;&#160;&#160;&#160;&#160;</b><b style="font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b><b style="font-weight:bold;">.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">On September 2, 2020, Vidya Jwala resigned as Chief Customer Officer of The Michaels Companies, Inc. (the &#8220;Company&#8221;), effective September 16, 2020. He is expected to remain an employee of Michaels Stores, Inc. until November 20, 2020. In connection with his separation, Mr. Jwala will receive payments pursuant to the Company&#8217;s previously disclosed Officer Severance Pay Plan (the &#8220;OSPP&#8221;). Pursuant to the OSPP, upon his execution and subject to the terms of a severance agreement and release of claims, Mr. Jwala will be entitled to twelve months of base salary continuation following his departure date, a pro-rated earned annual bonus for the Company&#8217;s fiscal year 2020, if applicable, certain cash payments to reimburse the cost of his continued participation in certain welfare benefit plans, and outplacement assistance. The severance agreement and release of claims also contains a waiver and release of any and all claims against the Company and a commitment that, for the severance period, Mr. Jwala will not solicit or hire any team member or distributor or vendor of the Company or its subsidiaries and will not directly or indirectly compete with, or join an organization that directly or indirectly competes with, the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt 0pt 10pt 0pt;">The foregoing descriptions of the OSPP and the severance agreement and release of claims do not purport to be complete and are qualified in their entirety by the full text of the OSPP and the form of severance agreement and release of claims, which is attached as Exhibit A to the OSPP, which were filed as Exhibit&#160;10.2 to the Quarterly Report on Form&#160;10-Q filed by The Michaels Companies,&#160;Inc. on September 3, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 10pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:0pt;margin:0pt 0pt 10pt 0pt;"><span style="font-size:0pt;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p><a id="_59e6f23d_063c_42c2_bcd8_5374cbff8979"></a></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">2</p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.41%;border:0;margin:30pt 10.29% 30pt 10.29%;"></div><div style="max-width:100%;padding-left:10.29%;padding-right:10.29%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:27.5pt;margin:0pt;">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.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;"><tr style="height:11.7pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td colspan="2" style="vertical-align:top;width:51.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">THE MICHAELS COMPANIES, INC.</b></p></td></tr><tr style="height:11.7pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">&#160;</b></p></td><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">&#8203;</span></p></td></tr><tr style="height:11.7pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr><tr style="height:11.2pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">By:&#8194;</p></td><td style="vertical-align:top;width:48.13%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">/s/ Tim Cheatham</p></td></tr><tr style="height:46.45pt;"><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:3.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.19;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:48.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Tim Cheatham</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Executive Vice President &#8211; General Counsel and Secretary</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:267.3pt;text-indent:-267.3pt;margin:0pt;">Date: September 9, 2020</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><span style="line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</span></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">3</p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;margin-left:10.29%;margin-right:10.29%;margin-top:30pt;page-break-after:avoid;width:79.41%;border:0;"></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "mik-20200902x8k.htm", "description": "8-K", "secsgml_size_bytes": 29450}]
{"company-data": {"conformed-name": "Michaels Companies, Inc.", "cik": "0001593936", "assigned-sic": "5945", "irs-number": "371737959", "state-of-incorporation": "DE", "fiscal-year-end": "0130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-36501", "film-number": "201166789"}, "business-address": {"street1": "8000 BENT BRANCH DRIVE", "city": "IRVING", "state": "TX", "zip": "75063", "phone": "9724091300"}, "mail-address": {"street1": "8000 BENT BRANCH DRIVE", "city": "IRVING", "state": "TX", "zip": "75063"}}
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):
September 2, 2020
​
THE MICHAELS COMPANIES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
001-36501
(Commission
File Number)
37-1737959
(IRS Employer
Identification No.)
8000 Bent Branch Drive
Irving
,
Texas
75063
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(
972
)
409-1300
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
, $0.06775 par value
MIK
Nasdaq
Stock Market
​
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.
☐
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
.
On September 2, 2020, Vidya Jwala resigned as Chief Customer Officer of The Michaels Companies, Inc. (the "Company"), effective September 16, 2020. He is expected to remain an employee of Michaels Stores, Inc. until November 20, 2020. In connection with his separation, Mr. Jwala will receive payments pursuant to the Company's previously disclosed Officer Severance Pay Plan (the "OSPP"). Pursuant to the OSPP, upon his execution and subject to the terms of a severance agreement and release of claims, Mr. Jwala will be entitled to twelve months of base salary continuation following his departure date, a pro-rated earned annual bonus for the Company's fiscal year 2020, if applicable, certain cash payments to reimburse the cost of his continued participation in certain welfare benefit plans, and outplacement assistance. The severance agreement and release of claims also contains a waiver and release of any and all claims against the Company and a commitment that, for the severance period, Mr. Jwala will not solicit or hire any team member or distributor or vendor of the Company or its subsidiaries and will not directly or indirectly compete with, or join an organization that directly or indirectly competes with, the Company.
The foregoing descriptions of the OSPP and the severance agreement and release of claims do not purport to be complete and are qualified in their entirety by the full text of the OSPP and the form of severance agreement and release of claims, which is attached as Exhibit A to the OSPP, which were filed as Exhibit 10.2 to the Quarterly Report on Form 10-Q filed by The Michaels Companies, Inc. on September 3, 2020.
​
​
​
2
​
SIGNATURE
​
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.
​
THE MICHAELS COMPANIES, INC.
​
​
By:
/s/ Tim Cheatham
Tim Cheatham
Executive Vice President – General Counsel and Secretary
​
​
Date: September 9, 2020
​
​
3