Footstar, Inc. (fka FTAR)

[HDOGTX]

FTAR 8k out: cash dividend of $0.05 per share of common stock outstanding.


Item 8.01. Other Events.


On September 27, 2010, the Board of Directors of Footstar, Inc. (the “Company”) declared a liquidating cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on October 7, 2010 to stockholders of record as of the close of business on October 4, 2010. This is not expected to be the final dividend.


The dividend is expected to be treated as a return of capital for tax reporting purposes, but stockholders will receive further information on Form 1099 after the end of 2010 and are encouraged to consult with their own tax advisors regarding the tax treatment of the distribution. Under NASDAQ rules, it is anticipated that the Company’s stock will trade ex dividend two business days prior to the record date, or September 30, 2010, but no assurance can be given by the Company that this will be the case.