December 26, 2014 8:53 PM ET

Specialty Retail

Company Overview of OSH 1 Liquidating Corporation

Company Overview

On February 24, 2014, OSH 1 Liquidating Corporation went out of business as per its Chapter 11 liquidation filing under bankruptcy. OSH 1 Liquidating Corporation operates neighborhood hardware and garden stores that focus on paint, repair, and the backyard. The company offers repair and maintenance products, including plumbing, electrical, paint, tools, hardware, and industrial products; backyard products comprising nursery, garden, outdoor power, and seasonal products; and paint and home category products consisting of paints, housewares, and appliances products. As of February 2, 2013, it operated 89 stores in California. The company was formerly known as Orchard Supply Hardware Stores Cor...

6450 Via Del Oro

San Jose, CA 95119

United States

Founded in 1931

2,000 Employees

Phone:

408-281-3500

Key Executives for OSH 1 Liquidating Corporation

OSH 1 Liquidating Corporation does not have any Key Executives recorded.

OSH 1 Liquidating Corporation Key Developments

OSH 1 Liquidating Files Form 15

OSH 1 Liquidating Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A Common Stock, par value $0.01 per share under the Securities Exchange Act of 1934, as amended.

OSH 1 Liquidating Corporation Intends To File Form 15

As previously announced, on June 17, 2013, OSH 1 Liquidating Corporation (formerly Orchard Supply Hardware Stores Corporation) and its subsidiaries, OSH 2 Liquidating LLC (formerly Orchard Supply Hardware LLC) and OSH 3 Liquidating LLC (formerly OSH Properties LLC) (collectively, the debtors), filed voluntary petitions for relief (Chapter 11 Petition) under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. On August 30, 2013, as part of the Chapter 11 Petition, the company completed the sale of a majority of its assets to Orchard Supply Company, LLC. On December 20, 2103, the Bankruptcy Court entered an order (confirmation order) confirming the Debtors’ Modified First Amended Plan of Liquidation as filed with the Bankruptcy Court on December 6, 2013 (plan). The effective date of the Plan has yet to be determined. Pursuant to the plan, all equity interests in the company (including outstanding shares of Series A Preferred, Class A Common Stock, Class B Common Stock, Class C Common Stock, options, warrants or contractual or other rights to acquire any equity interests of the company) will be deemed cancelled on the Effective Date. Following the effective date, the company intends to file a Form 15 with the Securities and Exchange Commission to terminate and suspend the reporting requirements related to its Series A Preferred Stock and Class A Common Stock under the Securities Exchange Act of 1934, as amended.

OSH 1 Liquidating Corporation Announces Management Changes

OSH 1 Liquidating Corporation announced that effective as of November 20, 2013, Kevin R. Czinger and Susan L. Healy each resigned from their officer positions as Chief Executive Officer and President and as Chief Financial Officer and Secretary, respectively, and Ms. Karen M. Rose resigned as a member of the company's Board of Directors. Following the resignations and effective upon the resignations, Bradley I. Dietz was appointed as the Chief Executive Officer, President, Chief Financial Officer and Secretary of the company and was also appointed as a member of the company's Board of Directors. The Board appointed Mr. Dietz in consideration of his extensive experience in corporate finance and restructurings. Mr. Dietz, has served as chief restructuring officer, trustee and on the boards of directors of various public and private companies. He was previously a Managing Director and Partner of Peter J. Solomon Company from 2001-2010, where he led the restructuring group.

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