<html>
<head><title>
Prepared and filed by St Ives Financial
</title>
</head>
<body bgcolor="#FFFFFF">
<page>
<p align="center"><font size="2" face="serif">UNITED STATES</font><br>
<font size="2" face="serif">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p align="center"><font size="2" face="serif">WASHINGTON, D.C. 20549</font></p>
<p align="center"><font size="2" face="serif">&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;</font></p>
<p align="center"><font size="2" face="serif">FORM 8-K</font></p>
<p align="center"><font size="2" face="serif">CURRENT REPORT</font><br>
<font size="2" face="serif">PURSUANT TO SECTION 13 OR 15(d) OF THE</font><br>
<font size="2" face="serif">SECURITIES EXCHANGE ACT OF 1934</font></p>
<p align="center"><font size="2" face="serif">Date of report (Date of earliest event reported): June 12, 2006</font></p>
<p align="center"><font size="2" face="serif">&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;</font></p>
<p align="center"><font size="2" face="serif">Deb Shops, Inc.</font><br>
<font size="2" face="serif">&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;</font><br>
<font size="2" face="serif">(Exact Name of Registrant as Specified in Charter)</font></p>
<table width="100%" border="0">
  <tr align="center">
    <td><font size="2" face="serif">Pennsylvania</font></td>
    <td><font size="2" face="serif">0-12188</font></td>
    <td><font size="2" face="serif">23-1913593</font></td>
  </tr>
  <tr align="center">
    <td><hr align="center" size="1" noshade>
    </td>
    <td><hr align="center" size="1" noshade>
    </td>
    <td><hr align="center" size="1" noshade>
    </td>
  </tr>
  <tr align="center">
    <td><font size="2" face="serif">(State or Other Jurisdiction</font><br>
<font size="2" face="serif">of Incorporation)</font></td>
    <td><font size="2" face="serif">(Commission</font><br>
<font size="2" face="serif">File Number)</font></td>
    <td><font size="2" face="serif">(IRS Employer</font><br>
<font size="2" face="serif">Identification No.)</font></td>
  </tr>
</table>
<br>
<table width="100%" border="0">
  <tr align="center">
    <td><font size="2" face="serif"> 9401 Blue Grass Road,</font><br>
 <font size="2" face="serif">Philadelphia, Pennsylvania</font></td>
    <td><font size="2" face="serif">19114</font></td>
  </tr>
  <tr align="center">
    <td><hr align="center" size="1" noshade>
    </td>
    <td><hr align="center" size="1" noshade>
    </td>
  </tr>
  <tr align="center">
    <td><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
    <td><font size="2" face="serif">(Zip Code)</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="serif">Registrant's telephone number, including area code: (215) 676-6000</font></p>
<p align="center"><font size="2" face="serif">Not Applicable</font><br>
<font size="2" face="serif">&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;</font><br>
<font size="2" face="serif">(Former Name or Former Address, if Changed Since Last Report)</font></p>
<p align="center"><font size="2" face="serif">&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;</font></p>
<p align="left"><font size="2" face="serif">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 (<i>see </i>General Instruction A.2. below): </font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="3%"><font size="2" face="serif">[&nbsp;&nbsp;&nbsp;]</font></td>
<td align="left"><font size="2" face="serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="3%"><font size="2" face="serif">[&nbsp;&nbsp;&nbsp;]</font></td>
<td align="left"><font size="2" face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="3%"><font size="2" face="serif">[&nbsp;&nbsp;&nbsp;]</font></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td>
</tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td align="left" width="3%"><font size="2" face="serif">[&nbsp;&nbsp;&nbsp;]</font></td>
<td align="left"><font size="2" face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td>
</tr>
</table>
<p align="center"><font size="2" face="serif">&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;&#150;</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="left"><font size="2" face="serif"><b>Item 1.01. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement.  </b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June 12, 2006, Deb Shops, Inc. (the &quot;Company&quot;) entered into a Fourth Amendment to Lease Agreement (the &quot;Amendment&quot;) with Blue Grass Partnership (the &quot;Partnership&quot;) to amend  the terms of the parties' existing lease agreement under which the Company leases from the Partnership its warehouse and office facility totaling approximately 280,000 square feet.  The partners of the Partnership are Marvin Rounick, Director, President and Chief Executive Officer of the Company, Warren Weiner, Director, Executive Vice President, Secretary and Treasurer of the Company, Jack A. Rounick, Director and Assistant Secretary of the Company, and their respective spouses. </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Amendment extended the term of the existing lease for an additional five-year period commencing on June 15, 2007 and terminating on June 14, 2012.  The minimum rent for the extended term is $2.50 per square foot.  The foregoing description is qualified in its entirety by reference to the provisions of the Amendment, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.</font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.  </b></font></p>
<p align="left"><font size="2" face="serif"><b><br></b>(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibit is filed with this Current Report on Form 8-K:</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="bottom">
<td width="6%"><font size="2" face="serif">Exhibit<br>
    <u>No.</u></font></td>
<td width="94%" align="left"><font size="2" face="serif"><u>Description</u></font></td>
</tr>
</table>
<p align="left"><font size="2" face="serif">&nbsp;10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fourth Amendment of Lease Agreement by and between the Company and the Partnership dated June 12, 2006. </font></p>
<p align="center"><font face="serif" size="2">-2-</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="center"><font size="2" face="serif"><u>Signatures</u></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
<table width="100%" border="0">
  <tr>
    <td valign="top">&nbsp;</td>
    <td><font size="2" face="serif">DEB SHOPS, INC.</font></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top"><font size="2" face="serif">Dated: June 14, 2006</font></td>
    <td><font size="2" face="serif">By:<u> /s/
    Stanley A. Uhr&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font><br>
<font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley A. Uhr <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Counsel</font></td>
  </tr>
</table>
<p align="center"><font face="serif" size="2">-3-</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="center"><font size="2" face="serif"><u>EXHIBIT INDEX</u></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibit is filed as part of this Current Report on Form 8-K:</font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="bottom">
<td width="6%"><font size="2" face="serif">Exhibit<br>
    <u>No.</u></font></td>
<td align="left"><font size="2" face="serif"><u>Description</u></font></td>
</tr>
</table>
<p align="left"><font size="2" face="serif">&nbsp;10.1*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fourth Amendment of Lease Agreement by and between the Company and the Partnership dated June 12, 2006. </font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
<td width="3%"><font size="2" face="serif">&nbsp;</font></td>
<td width="3%"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">* Filed electronically herewith.</font></td>
</tr>
</table>
<p align="center"><font face="serif" size="2">-4-</font></p>
<hr noshade align="center" width="100%" size="2">
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "b413709_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 10240}]
{"company-data": {"conformed-name": "DEB SHOPS INC", "cik": "0000715779", "assigned-sic": "5621", "irs-number": "231913593", "state-of-incorporation": "PA", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12188", "film-number": "06905249"}, "business-address": {"street1": "9401 BLUE GRASS RD", "city": "PHILADELPHIA", "state": "PA", "zip": "19144", "phone": "2156766000"}, "mail-address": {"street1": "9401 BLUE GRASS ROAD", "city": "PHILADELPHIA", "state": "PA", "zip": "19114"}}
Prepared and filed by St Ives Financial
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 12, 2006
––––––––––
Deb Shops, Inc.
–––––––––––––––––––––––
(Exact Name of Registrant as Specified in Charter)
Pennsylvania
0-12188
23-1913593
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
9401 Blue Grass Road,
Philadelphia, Pennsylvania
19114
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (215) 676-6000
Not Applicable
–––––––––––––––––––––––
(Former Name or Former Address, if Changed Since Last Report)
––––––––––
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
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 12, 2006, Deb Shops, Inc. (the "Company") entered into a Fourth Amendment to Lease Agreement (the "Amendment") with Blue Grass Partnership (the "Partnership") to amend  the terms of the parties' existing lease agreement under which the Company leases from the Partnership its warehouse and office facility totaling approximately 280,000 square feet.  The partners of the Partnership are Marvin Rounick, Director, President and Chief Executive Officer of the Company, Warren Weiner, Director, Executive Vice President, Secretary and Treasurer of the Company, Jack A. Rounick, Director and Assistant Secretary of the Company, and their respective spouses.
The Amendment extended the term of the existing lease for an additional five-year period commencing on June 15, 2007 and terminating on June 14, 2012.  The minimum rent for the extended term is $2.50 per square foot.  The foregoing description is qualified in its entirety by reference to the provisions of the Amendment, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01.      Financial Statements and Exhibits.
(d)      Exhibits
The following exhibit is filed with this Current Report on Form 8-K:
Exhibit
No.
Description
10.1                   Fourth Amendment of Lease Agreement by and between the Company and the Partnership dated June 12, 2006.
-2-
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DEB SHOPS, INC.
Dated: June 14, 2006
By:
/s/
    Stanley A. Uhr
Stanley A. Uhr
Vice President and
Corporate Counsel
-3-
EXHIBIT INDEX
The following exhibit is filed as part of this Current Report on Form 8-K:
Exhibit
No.
Description
10.1*                   Fourth Amendment of Lease Agreement by and between the Company and the Partnership dated June 12, 2006.
* Filed electronically herewith.
-4-