UNITED STATES ~~SECURITIES AND EXCHANGE COMMISSION~~

~~WASHINGTON,~~SECURITIES ~~D.C. 20549~~AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

~~Pursuant~~THE toSECURITIES ~~Section 13~~EXCHANGE orACT ~~15(d) of~~OF ~~the~~1934

~~Securities~~November 20, ~~Exchange Act of 1934~~2013

Date of report (~~Date~~date of earliest event reported)~~: October 3, 2013~~

~~MICHAELS~~Michaels ~~STORES~~Stores, ~~INC~~Inc.

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in ~~Charter~~its charter)

Delaware	001-09338	75-1943604
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or other jurisdictions of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Nos.)

8000 Bent Branch Drive

Irving, Texas 75063

(Address of ~~Principal~~principal ~~Executive~~executive ~~Offices~~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~~ (~~see~~Registrant’s ~~General~~telephone ~~Instruction~~number, ~~A.2.~~including ~~below~~area code):

N/A

(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 registrants under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 52.02. ~~Departure~~Results of ~~Directors~~Operations orand ~~Certain~~Financial ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with Certain Officers~~Condition.

OnThe ~~October 3,~~information ~~2013, Michaels~~contained ~~Stores, Inc.~~in ~~(the~~this ~~“Company”)~~Current ~~announced~~Report ~~that~~on ~~Weizhong “Wilson” Zhu has provided notice that he will resign from his position as~~Form ~~the Company’s Executive Vice President~~ 8- ~~Global Sourcing~~K, ~~effective mid-November 2013. In~~ ~~connection~~including ~~with Mr. Zhu’s departure,~~ the ~~Company~~exhibit ~~will~~attached ~~enter into an agreement with Mr. Zhu~~hereto, ~~whereby~~is ~~Mr. Zhu~~being ~~will~~furnished ~~receive~~and ~~(i) his~~shall ~~earned~~not ~~bonus~~be ~~for~~deemed ~~fiscal year 2013 pursuant~~ to ~~the~~be ~~Company’s~~“filed” ~~bonus plan~~ for ~~executive officers, under established bonus criteria associated with~~ the ~~bonus~~purposes ~~plan,~~of onSection 18 ~~the same terms as that paid to other executive officers~~ of the ~~Company~~Securities ~~(if~~Exchange ~~earned~~Act atof ~~all);~~1934, ~~and~~as ~~(ii) a cash amount~~amended, ~~less~~or ~~any~~otherwise ~~applicable~~subject ~~withholdings, equal~~ to: ~~(x)~~ the ~~difference~~liabilities ~~between~~of ~~the~~that ~~per~~Section. Furthermore, ~~share~~the ~~fair~~information ~~market~~contained ~~value~~in ofthis ~~Michaels common stock on July~~Item 2,.02 ~~2014~~ and ~~$21~~Exhibit 99.781 ~~per~~attached ~~share,~~hereto ~~which~~shall ~~represents~~not ~~the~~be ~~current~~deemed ~~fair~~to ~~market~~be ~~value~~incorporated ~~of the common stock, (y) multiplied~~ by ~~69,984,~~reference ~~such~~into ~~payment~~any ~~subject~~registration tostatement aor ~~$250,000~~other ~~cap~~document ~~and~~filed ~~payable~~pursuant into ~~July 2014. As consideration for~~ the ~~Company’s~~Securities ~~entry~~Act ~~into such agreement, the agreement will contain a release~~ of ~~claims against the Company by Mr. Zhu~~1933, as ~~well as other typical restrictive covenants relating to his departure~~amended.

On November 20, 2013, Michaels Stores, Inc. issued a press release announcing, among other things, its sales results for its third quarter ended November 2, 2013. A copy of the press release is attached hereto as Exhibit 99.1.

~~SIGNATURE~~Item 9.01. Financial Statements and Exhibits.

~~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~~(d) Exhibits.

	MICHAELS STORES, INC.
Exhibit No.		Description
	By:	/s/ Michael J. Veitenheimer
99.1		Press release issued by Michaels Stores, Inc., dated November 20, 2013.
		Michael J. Veitenheimer
		Senior Vice President, Secretary
		and General Counsel
Date: October 9, 2013

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.

		MICHAELS STORES, INC.

Dated: November 20, 2013
	By:	/s/ Charles M. Sonsteby
		Charles M. Sonsteby
		Chief Administrative Officer & Chief Financial Officer

INDEX TO EXHIBITS

Exhibit No.		Description
99.1		Press release issued by Michaels Stores, Inc., dated November 20, 2013.

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