Form 8-K - press release dated March 28, 2003

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) March 28, 2003



FOOTSTAR, INC.

(Exact Name of Registrant as Specified in Charter)



Delaware 1-11681 22-3439443
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)



One Crosfield Avenue, West Nyack, New York 10994
(Address of Principal Executive Offices) (Zip Code)



Registrant’s telephone number, including area code (845) 727-6500


INFORMATION TO BE INCLUDED IN THE REPORT

Item 7  Financial Statements, Pro Forma Financial Information and Exhibits.


(c) Exhibits

Exhibit No. Exhibit

99.1 Press Release of Footstar, Inc. dated March 28, 2003.

Item 9  Regulation FD Disclosure.

        Footstar, Inc. (the “Company”) announced today that it expects to file its Annual Report on Form 10-K for the fiscal year ended December 28, 2002 by April 30, 2003, by which time it expects to complete the restatements associated with its previously announced investigation into accounting discrepancies identified by Footstar management. Since November 2002, Footstar and its advisors have been investigating discrepancies in its prior financial statements. Footstar believes it has identified all of the financial discrepancies in its prior accounts and the restated financial statements are now under review by the Company’s external auditors, KPMG LLP. A copy of the Company’s press release is attached.


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.





Dated:  March 28, 2003
FOOTSTAR, INC.


By:  MAUREEN RICHARDS
——————————————
Name:    Maureen Richards
Title:      Senior Vice President, General Counsel
                and Corporate Secretary


EXHIBIT INDEX


Exhibit No. Exhibit

99.1 Press Release of Footstar, Inc. dated March 28, 2003.