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<title>Toys &quot;R&quot; Us, Inc. Form 8-K 061405</title>
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<p align="center"><b><font size="3">UNITED STATES<br />
SECURITIES AND EXCHANGE COMMISSION<br />
Washington, D.C.&nbsp;&nbsp;20549<br />
</font></b></p>

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<p align="center"><b><font size="3"><br />
</font><font size="5">FORM 8-K</font><br />
<br />
<br />
CURRENT REPORT<br />
PURSUANT TO SECTION 13 OR 15(d) OF THE<br />
&nbsp; SECURITIES EXCHANGE ACT OF 1934<br />
<br />
</b></p>

<p align="center"><font size="3">Date of report (Date of earliest event reported): &nbsp;&nbsp;June
14, 2005 (June 9, 2005)</font></p>

<p align="center">&nbsp;</p>

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<td colspan="5" valign="bottom" width="597">
<p align="center"><b><u><font size="5">TOYS &ldquo;R&rdquo; US, INC.</font></u></b></p>
</td>
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<p align="center"><font size="2">(Exact Name of Registrant as Specified in Charter)</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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</td>
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<p align="center"><b><u><font size="3">&nbsp;&nbsp; Delaware&nbsp;&nbsp;&nbsp;</font></u></b></p>
</td>
<td valign="bottom" width="16"></td>
<td valign="bottom" width="164">
<p align="center"><b><u><font size="3">&nbsp;&nbsp; 1-11609&nbsp;&nbsp;&nbsp;</font></u></b></p>
</td>
<td valign="bottom" width="36"></td>
<td valign="bottom" width="189">
<p align="center"><b><u><font size="3">&nbsp;&nbsp; 22-3260693&nbsp;&nbsp;&nbsp;</font></u></b></p>
</td>
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<p align="center"><font size="1">(State or Other Jurisdiction<br />
 of Incorporation or Organization)</font></p>
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<td valign="bottom" width="16"></td>
<td valign="bottom" width="164">
<p align="center"><font size="1">(Commission<br />
 File Number)</font></p>
</td>
<td valign="bottom" width="36"></td>
<td valign="bottom" width="189">
<p align="center"><font size="1">(IRS Employer<br />
 Identification Number)</font></p>
</td>
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<tr>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<td colspan="5" valign="bottom" width="614">
<p align="center"><b><font size="3"><u>&nbsp;&nbsp;&nbsp;&nbsp; One Geoffrey
Way, Wayne, New Jersey
07470&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></b></p>
</td>
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<p align="center"><font size="2">(Address of Principal Executive Offices,
including Zip Code)</font></p>
</td>
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<tr>
<td valign="bottom" width="205">
<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<td colspan="5" valign="bottom" width="616">
<p align="center"><b><u><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(973) 617-3500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></b></p>
</td>
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<tr>
<td colspan="5" valign="bottom" width="616" align="center"><font size="2">Registrant&rsquo;s Telephone Number, including
  Area Code</font></td>
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<tr>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">____________________________</font></p>
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<p align="center"><font size="2">(Former Name or Former Address, if Changed
Since Last Report)</font></p>
</td>
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<tr>
<td colspan="5" valign="bottom" width="597"><br>
</td>
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</table>
</div>

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  <center>
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      <td width="100%">
        <p align="left"><font size="2">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy
        the filing obligation&nbsp;<br>
 of the registrant under any of the following provisions (see General
        Instruction A.2. below):</font></p>
        <p align="left"><font size="2">[&nbsp;&nbsp;] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
        [&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under the
        Exchange Act (17 CFR 240.14a-12)<br>
        [&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
        [&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td>
    </tr>
  </table>
  </center>
</div>

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<p>&nbsp;</p>

<table border="0" cellspacing="0" cellpadding="0" width="983" height="298">
<tr>
<td valign="top" width="81" height="21">
<p><b><font size="3">Item 1.01.</font></b></p>
</td>
<td valign="top" width="6" height="21"></td>
<td valign="top" width="52" height="21"></td>
<td valign="top" colspan="2" width="836" height="21">
<p><b><u>Entry into a Material Definitive Agreement</u></b></p>
</td>
</tr>

<tr>
<td valign="top" width="81" height="21"></td>
<td valign="top" width="6" height="21"></td>
<td valign="top" width="52" height="21"></td>
<td valign="top" colspan="2" width="836" height="21">&nbsp;</td>
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<tr>
<td valign="top" width="81" height="135"></td>
<td valign="top" width="6" height="135"></td>
<td valign="top" width="52" height="135"></td>
<td valign="top" colspan="2" width="836" height="135">
On June 9, 2005, the Compensation and Organizational Development Committee (the
&quot;Committee&quot;) of the Board of Directors of Toys &quot;R&quot; Us, Inc.
(the &quot;Company&quot;) approved the following compensation arrangements
affecting its directors and executive officers:
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>(a) Amendment and
Termination of Certain Plans</b></p>
<p>As previously reported, the Company entered into a definitive agreement for
the acquisition of the Company (the &quot;Merger&quot;) by an entity owned by an
investment group consisting of entities advised by or affiliated with Kohlberg
Kravis Roberts &amp; Co., Bain Capital Partners LLC and Vornado Realty Trust
pursuant to an Agreement and Plan of Merger (the &quot;Merger Agreement&quot;)
dated as of March 17, 2005 among the Company, Global Toys Acquisition, LLC, and
Global Toys Acquisition Merger Sub, Inc. The Merger Agreement required that the
Company accelerate the vesting under and provide for the termination and
distribution of all amounts under the following plans (i) the Toys &quot;R&quot;
Us, Inc. Partnership Group Deferred Compensation Plan; (ii) the Toys
&quot;R&quot; Us, Inc. Management Deferred Compensation Plan; (iii) the Toys
&quot;R&quot; Us, Inc. Non-Employee Directors' Deferred Compensation Plan, and
(iv) the Toys &quot;R&quot; Us, Inc. Supplemental Executive Retirement Plan
(collectively, the &quot;Deferred Compensation Plans&quot;).</p>
<p>In accordance with the Merger Agreement, on June 9, 2005 the Committee
resolved that all accounts, awards, deferrals and contributions of any type
under each of the Deferred Compensation Plans shall be fully vested as of the
effective time of the Merger; that each of the Deferred Compensation Plans shall
terminate as of the effective time of the Merger; and, as part of that
termination, all accounts under the Deferred Compensation Plans shall be
distributed to the participants thereunder (whether or not such participants are
then in pay status) no later than 15 days following the effective date of the
Merger. The Toys &quot;R&quot; Us, Inc. Supplemental Executive Retirement Plan
(&quot;SERP&quot;) was also amended in certain other respects.</p>
<p>Copies of such amendments to the Deferred Compensation Plans are attached
hereto as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and incorporated
herein by reference.</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>(b) Amendment to
the SERP Rabbi Trust</b></p>
<p>On June 9, 2005 the Committee approved an amendment to the Grantor Trust
Agreement for Toys &quot;R&quot; Us, Inc. Supplemental Executive Retirement Plan
(the &quot;Trust&quot;) to provide that the Toys &quot;R&quot; Us, Inc. Split
Dollar Plan shall also be funded under the Trust. A copy of such amendment to
the Trust is attached hereto as Exhibit 10.5 and incorporated herein by
reference.</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>(c) Amendment to
the &quot;TRU&quot; Partnership Employees' Savings and Profit Sharing Plan</b></p>
<p>The Merger Agreement required that the Company amend the &quot;TRU&quot;
Partnership Employees' Savings and Profit Sharing Plan, as amended and restated
(the &quot;401(k) Plan&quot;) to provide that any participant who has at least
four years of service as of the effective time of the Merger shall be fully
vested in his or her basic contribution account as of the effective time of the
Merger; provided such amendment shall not apply to the extent that it causes the
401(k) Plan or the related trust to fail to constitute a qualified plan or
trust, as applicable, under Sections 401(a) and 501(a) of the Internal Revenue
Code of 1986, as amended. On June 9, 2005 the Committee approved an amendment to
the 401(k) Plan in accordance with the Merger Agreement and in certain other
respects. A copy of such amendment to the 401(k) Plan is attached hereto as
Exhibit 10.6 and incorporated herein by reference.</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>(d) Certification
of Sales and Bonuses for First Quarter of Fiscal Year 2005</b></p>
<p>As previously reported, the Committee on March 29, 2005 established bonus
opportunities for participants under the Amended and Restated Toys &quot;R&quot;
Us, Inc. Management Incentive Compensation Plan (including executive officers)
for the first and second quarters of the fiscal year ending January 28, 2006,
based on actual performance against threshold objectives for sales at various
divisional levels and for the Company as a whole. On June 9, 2005, the Committee
certified the level of achievement of the first quarter sales targets and, based
on such level of achievement, the Committee approved bonuses to be paid to the
executive officers for the first quarter of fiscal year 2005 in accordance with
the matrix for such bonuses approved by the Committee on March 29, 2005.
</td>
</tr>

<tr>
<td valign="top" width="81" height="21"></td>
<td valign="top" width="6" height="21"></td>
<td valign="top" width="52" height="21"></td>
<td valign="top" colspan="2" width="836" height="21"></td>
</tr>

<tr>
<td valign="top" width="81" height="21">
<p><b><u><font size="3">Item 9.01.</font></u></b></p>
</td>
<td valign="top" width="6" height="21"></td>
<td valign="top" width="52" height="21"></td>
<td valign="top" colspan="2" width="836" height="21">
<p><b><u>Financial Statements and Exhibits</u></b></p>
</td>
</tr>

<tr>
<td valign="top" width="81" height="21">
</td>
<td valign="top" width="6" height="21">
</td>
<td valign="top" width="52" height="21">
</td>
<td valign="top" colspan="2" width="836" height="21">
</td>
</tr>

<tr>
<td valign="top" width="81" height="21">
<p><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top" width="6" height="21"></td>
<td valign="top" width="52" height="21"></td>
<td valign="top" width="124" height="21"><u>Exhibit No.</u></td>
<td valign="top" width="710" height="21"><u>Description</u></td>
</tr>

<tr>
<td valign="top" width="81" height="21">
<p></p>
</td>
<td valign="top" width="6" height="21">
<p><font size="3">&nbsp;</font></p>
</td>
<td valign="top" width="52" height="21"></td>
<td valign="top" width="124" height="21">
<p></p>
</td>
<td valign="top" width="710" height="21">
</td>
</tr>

<tr>
<td valign="top" width="81" height="16">
</td>
<td valign="top" width="6" height="16"></td>
<td valign="top" width="52" height="16"></td>
<td valign="top" width="124" height="16">10.1</td>
<td valign="top" width="710" height="16">Amendment to Toys &quot;R&quot; Us,
  Inc. Partnership Group Deferred Compensation Plan</td>
</tr>

<tr>
<td valign="top" width="81" height="16">
</td>
<td valign="top" width="6" height="16"></td>
<td valign="top" width="52" height="16"></td>
<td valign="top" width="124" height="16">10.2</td>
<td valign="top" width="710" height="16">Amendment to Toys &quot;R&quot; Us,
  Inc. Management Deferred Compensation Plan</td>
</tr>

<tr>
<td valign="top" width="81" height="16">
</td>
<td valign="top" width="6" height="16"></td>
<td valign="top" width="52" height="16"></td>
<td valign="top" width="124" height="16">10.3</td>
<td valign="top" width="710" height="16">Amendment to Toys &quot;R&quot; Us,
  Inc. Non-Employee Directors' Deferred Compensation Plan</td>
</tr>

<tr>
<td valign="top" width="81" height="16">
</td>
<td valign="top" width="6" height="16"></td>
<td valign="top" width="52" height="16"></td>
<td valign="top" width="124" height="16">10.4</td>
<td valign="top" width="710" height="16">Amendment to Toys &quot;R&quot; Us,
  Inc. Supplemental Executive Retirement Plan</td>
</tr>

<tr>
<td valign="top" width="81" height="16">
</td>
<td valign="top" width="6" height="16"></td>
<td valign="top" width="52" height="16"></td>
<td valign="top" width="124" height="16">10.5</td>
<td valign="top" width="710" height="16">Amendment to Grantor Trust Agreement
  For Toys &quot;R&quot; Us, Inc. Supplemental Executive Retirement Plan</td>
</tr>

<tr>
<td valign="top" width="81" height="16">
</td>
<td valign="top" width="6" height="16"></td>
<td valign="top" width="52" height="16"></td>
<td valign="top" width="124" height="16">10.6</td>
<td valign="top" width="710" height="16">Amendment to &quot;TRU&quot;
  Partnership Employees' Savings and Profit Sharing Plan</td>
</tr>

</table>

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<hr size="2" width="100%" noshade color="navy" align="center" />
</div>

<p align="center">&nbsp;</p>

<p align="center"><b><font size="3">SIGNATURE</font></b></p>

<p>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>

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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p align="left"><b><u><font size="3">Toys &ldquo;R&rdquo; Us, Inc.</font></u></b></p>
</td>
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<tr>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top">
<p align="center"><font size="3">(Registrant)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">Date:</font> &nbsp;&nbsp;June 14, 2005</p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">By:&nbsp;&nbsp;&nbsp;</font></p>
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<p><u><font size="3">/s/ Raymond L. Arthur&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">Raymond L. Arthur</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">Executive Vice President -</font></p>
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<p><font size="3">Chief Financial Officer</font></p>
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{"company-data": {"conformed-name": "TOYS R US INC", "cik": "0001005414", "assigned-sic": "5945", "irs-number": "223260693", "state-of-incorporation": "DE", "fiscal-year-end": "0130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11609", "film-number": "05895079"}, "business-address": {"street1": "TOYS", "street2": "ONE GEOFFREY WAY", "city": "WAYNE", "state": "NJ", "zip": "07470", "phone": "9736173500"}, "mail-address": {"street1": "TOYS", "street2": "ONE GEOFFREY WAY", "city": "WAYNE", "state": "NJ", "zip": "07470"}}
Toys "R" Us, Inc. Form 8-K 061405
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):   June
14, 2005 (June 9, 2005)
TOYS "R" US, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
1-11609
22-3260693
(State or Other Jurisdiction
of Incorporation or Organization)
(Commission
File Number)
(IRS Employer
Identification Number)
One Geoffrey
Way, Wayne, New Jersey
07470
(Address of Principal Executive Offices,
including Zip Code)
(973) 617-3500
Registrant's Telephone Number, including
  Area Code
____________________________
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy
        the filing obligation
of the registrant under any of the following provisions (see General
        Instruction A.2. below):
[  ] 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))
Item 1.01.
Entry into a Material Definitive Agreement
On June 9, 2005, the Compensation and Organizational Development Committee (the
"Committee") of the Board of Directors of Toys "R" Us, Inc.
(the "Company") approved the following compensation arrangements
affecting its directors and executive officers:
(a) Amendment and
Termination of Certain Plans
As previously reported, the Company entered into a definitive agreement for
the acquisition of the Company (the "Merger") by an entity owned by an
investment group consisting of entities advised by or affiliated with Kohlberg
Kravis Roberts & Co., Bain Capital Partners LLC and Vornado Realty Trust
pursuant to an Agreement and Plan of Merger (the "Merger Agreement")
dated as of March 17, 2005 among the Company, Global Toys Acquisition, LLC, and
Global Toys Acquisition Merger Sub, Inc. The Merger Agreement required that the
Company accelerate the vesting under and provide for the termination and
distribution of all amounts under the following plans (i) the Toys "R"
Us, Inc. Partnership Group Deferred Compensation Plan; (ii) the Toys
"R" Us, Inc. Management Deferred Compensation Plan; (iii) the Toys
"R" Us, Inc. Non-Employee Directors' Deferred Compensation Plan, and
(iv) the Toys "R" Us, Inc. Supplemental Executive Retirement Plan
(collectively, the "Deferred Compensation Plans").
In accordance with the Merger Agreement, on June 9, 2005 the Committee
resolved that all accounts, awards, deferrals and contributions of any type
under each of the Deferred Compensation Plans shall be fully vested as of the
effective time of the Merger; that each of the Deferred Compensation Plans shall
terminate as of the effective time of the Merger; and, as part of that
termination, all accounts under the Deferred Compensation Plans shall be
distributed to the participants thereunder (whether or not such participants are
then in pay status) no later than 15 days following the effective date of the
Merger. The Toys "R" Us, Inc. Supplemental Executive Retirement Plan
("SERP") was also amended in certain other respects.
Copies of such amendments to the Deferred Compensation Plans are attached
hereto as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and incorporated
herein by reference.
(b) Amendment to
the SERP Rabbi Trust
On June 9, 2005 the Committee approved an amendment to the Grantor Trust
Agreement for Toys "R" Us, Inc. Supplemental Executive Retirement Plan
(the "Trust") to provide that the Toys "R" Us, Inc. Split
Dollar Plan shall also be funded under the Trust. A copy of such amendment to
the Trust is attached hereto as Exhibit 10.5 and incorporated herein by
reference.
(c) Amendment to
the "TRU" Partnership Employees' Savings and Profit Sharing Plan
The Merger Agreement required that the Company amend the "TRU"
Partnership Employees' Savings and Profit Sharing Plan, as amended and restated
(the "401(k) Plan") to provide that any participant who has at least
four years of service as of the effective time of the Merger shall be fully
vested in his or her basic contribution account as of the effective time of the
Merger; provided such amendment shall not apply to the extent that it causes the
401(k) Plan or the related trust to fail to constitute a qualified plan or
trust, as applicable, under Sections 401(a) and 501(a) of the Internal Revenue
Code of 1986, as amended. On June 9, 2005 the Committee approved an amendment to
the 401(k) Plan in accordance with the Merger Agreement and in certain other
respects. A copy of such amendment to the 401(k) Plan is attached hereto as
Exhibit 10.6 and incorporated herein by reference.
(d) Certification
of Sales and Bonuses for First Quarter of Fiscal Year 2005
As previously reported, the Committee on March 29, 2005 established bonus
opportunities for participants under the Amended and Restated Toys "R"
Us, Inc. Management Incentive Compensation Plan (including executive officers)
for the first and second quarters of the fiscal year ending January 28, 2006,
based on actual performance against threshold objectives for sales at various
divisional levels and for the Company as a whole. On June 9, 2005, the Committee
certified the level of achievement of the first quarter sales targets and, based
on such level of achievement, the Committee approved bonuses to be paid to the
executive officers for the first quarter of fiscal year 2005 in accordance with
the matrix for such bonuses approved by the Committee on March 29, 2005.
Item 9.01.
Financial Statements and Exhibits
Exhibit No.
Description
10.1
Amendment to Toys "R" Us,
  Inc. Partnership Group Deferred Compensation Plan
10.2
Amendment to Toys "R" Us,
  Inc. Management Deferred Compensation Plan
10.3
Amendment to Toys "R" Us,
  Inc. Non-Employee Directors' Deferred Compensation Plan
10.4
Amendment to Toys "R" Us,
  Inc. Supplemental Executive Retirement Plan
10.5
Amendment to Grantor Trust Agreement
  For Toys "R" Us, Inc. Supplemental Executive Retirement Plan
10.6
Amendment to "TRU"
  Partnership Employees' Savings and Profit Sharing Plan
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.
Toys "R" Us, Inc.
(Registrant)
Date:
June 14, 2005
By:
/s/ Raymond L. Arthur
Raymond L. Arthur
Executive Vice President -
Chief Financial Officer