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): ~~April~~June 42, 2016 (~~March~~June 311, 2016)

PEEKAY BOUTIQUES, INC.

(Exact name of registrant as specified in its charter)

Nevada

333-193618

46-4007972

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(IRS Employer

Identification No.)

901 West Main Street, Suite A

Auburn, WA 98001

(Address of principal executive offices)

1-800-447-2993

(Registrant's telephone number, including area code)

~~_____________________________________________~~________________________________________________

(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~~ENTRY ~~Into~~INTO A ~~Material~~MATERIAL ~~Definitive~~DEFINITIVE ~~Agreement~~AGREEMENT.

As previously reported by Peekay Boutiques, Inc. (the "Company") in a current report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on February 26, 2016, the Company, the Company's subsidiaries, Christals Acquisition, LLC ~~("Parent")~~, Peekay Acquisition, LLC, each of the subsidiaries of Peekay Acquisition, LLC (collectively, the "Loan Parties") and certain of the Company's senior secured lenders (the "Consenting Term A Lenders") entered into the Forbearance and Ninth Amendment Agreement (the "Ninth Amendment"), which amends the financing agreement (the "Financing Agreement") relating to the Company's senior secured debt.

~~Under~~On ~~the~~June ~~Ninth~~1, ~~Amendment~~2016, ~~among~~counsel ~~other~~to ~~things,~~ the ~~Loan~~Consenting ~~Parties~~Term ~~agreed~~A ~~(a)~~Lenders ~~that~~confirmed onby oremail ~~before~~correspondence ~~February~~on ~~29,~~behalf ~~2016,~~of the ~~Company~~Consenting ~~would~~Term ~~grant~~A toLenders that the Consenting Term A Lenders ~~warrants~~agreed ~~(the~~not ~~"Warrants")~~ to ~~purchase~~enforce uptheir rights to anrequire ~~aggregate~~the ofCompany ~~2.5%~~and of the ~~common~~Loan ~~shares~~Parties ofto ~~the~~perform ~~Company~~their onobligations aunder ~~fully~~the ~~diluted~~Ninth ~~basis~~Amendment and ~~(b)~~the toFinancing ~~enter~~Agreement ~~into~~generally aor ~~non-binding~~to ~~term~~meet ~~sheet~~the ~~with~~deadlines ~~respect~~specified totherein, aincluding ~~Step~~without ~~Two~~limitation, ~~Restructuring~~the ~~Transaction~~obligations byand ~~March~~deadlines 15itemized below, ~~2016~~until (24 hours following the ~~"Step~~date ~~Two~~that ~~Restructuring~~the Consenting Term ~~Sheet").~~ A ~~Step~~Lenders ~~Two~~notify ~~Restructuring~~the ~~Transaction~~Company isin ~~generally~~writing ~~defined~~that inthey revoke such waiver (the ~~Ninth~~"Revocation ~~Amendment~~Notice"). asThis anagreement ~~out-of-court~~was ~~restructuring~~subject onto ~~terms~~the ~~and~~payment ~~conditions~~by ~~acceptable~~the Company to counsel to the Consenting Term A Lenders orof a ~~pre-arranged~~$100,000 ~~Chapter~~retainer 11which ~~bankruptcy~~will onbe ~~terms~~applied ~~and~~in ~~conditions~~the ~~acceptable~~ordinary course to pay for legal services rendered and to be rendered by such firm on behalf of the Consenting Term A Lenders in connection with the restructuring efforts. The Company paid the $100,000 retainer on June 1, 2016.

AsThe ~~previously~~obligations ~~reported~~under by the ~~Company~~Ninth inAmendment a current report on Form 8-K filed with the SEC on March 18, 2016, on March 14, 2016, counsel to the Consenting Term A Lenders confirmed by email correspondence on behalf of the Consenting Term A Lenders that the Consenting Term A Lenders agreed tonot ~~a ten-day extension of the deadline~~ to ~~grant~~enforce ~~the Warrants and enter into the Step Two Restructuring Term Sheet~~ until ~~March~~ 24, ~~2016.~~hours ~~This~~following ~~extension~~receipt ~~is conditioned on the agreement by the Company and the Loan Parties~~ of the ~~following~~Revocation ~~conditions,~~Notice ~~which conditions were accepted~~ by the Company ~~and~~include the ~~other Loan Parties~~following:

1.· The ~~Company~~requirement ~~and~~to ~~its~~enter ~~subsidiaries~~into ~~will~~a ~~not~~Restructuring ~~amend~~Support ~~the~~Agreement ~~compensation~~by ~~arrangements~~May ~~of their key employees~~1, ~~executives,~~2016; ~~officers~~· ~~and~~The ~~directors~~requirement ~~without~~to ~~the~~close ~~prior~~an ~~written~~Acceptable ~~consent~~Out of ~~the~~Court ~~Consenting~~Restructuring ~~Term~~by AMay ~~Lenders.~~31, 2.2016; ~~Upon~~· ~~receipt~~The ofrequirement ~~Indication of Interest letters or other communications from third parties with respect~~ to amake ~~potential~~an ~~Step~~interest ~~One~~payment ~~Restructuring~~by ~~Transaction~~June ~~(as defined in the Ninth Amendment)~~1, ~~all~~2016 ~~such~~and ~~communications will be promptly provided~~ to ~~the~~make ~~Consenting~~other ~~Term~~interest Apayments ~~Lenders~~in ~~and their counsel. 3. In addition to~~ the ~~requirement~~future inuntil ~~Section~~an ~~3(e)~~out of ~~the~~court ~~Forbearance~~restructuring ~~Agreement~~is ~~for~~reached ~~periodic~~or ~~updates,~~ the ~~Consenting~~Company ~~Term~~receives Athe ~~Lenders~~Revocation ~~may~~Notice; ~~from time to time contact executives, officers~~ and ~~directors~~· ofThe ~~the~~requirement ~~Company and its subsidiaries~~ to ~~discuss~~have ~~the~~an ~~business~~Acceptable ofPre-Arranged ~~the~~Chapter ~~Company~~11 ~~and~~Bankruptcy ~~its~~Closing ~~subsidiaries~~Date ~~and~~by ~~their~~June ~~ongoing~~15, ~~restructuring efforts~~2016.

2None of the Consenting Term A Lenders waived any of its rights and remedies under the Ninth Amendment or the Financing Agreement generally. Instead, the Consenting Term A Lenders agreed to not enforce such rights until 24 hours following receipt by the Company of a Revocation Notice. The waiver of the requirements described above are in addition to those reported on Form 8-K filed with the Securities and Exchange Commission on April 4, 2016.

On March 24, 2016, counsel to the Consenting Term A Lenders confirmed by email correspondence on behalf of the Consenting Term A Lenders that the Consenting Term A Lenders agreed to further extend the deadline to grant the Warrants and enter into the Step Two Restructuring Term Sheet until March 30, 2016.2

OnSIGNATURES March 31, 2016, counsel to the Consenting Term A Lenders confirmed by email correspondence on behalf of the Consenting Term A Lenders that the Consenting Term A Lenders agreed to further extend the deadline to grant the Warrants and enter into the Step Two Restructuring Term Sheet until April 11, 2016. After April 11, 2016, this extension will automatically renew unless the Company receives 24 hours' notice from the Consenting Term A Lenders of the termination of the extension. The Company agreed to the following conditions:

1.Pursuant ~~On or before the close of business on April 1, 2016, the Company shall make an interest payment~~ to the ~~Term~~requirements ~~A Lenders in the amount~~ of ~~$325,500. 2. On or before~~ the ~~close~~Securities ofExchange ~~business~~Act ~~on April 1, 2016, the Company shall wire $75,000 to counsel to the Consenting Term A Lenders, as a retainer pursuant to the terms~~ of ~~the Engagement Letter dated as of January 27~~1934, ~~2016 between counsel to~~ the ~~Consenting~~registrant ~~Term~~has Aduly ~~Lenders,~~caused ~~the~~this ~~Company and the Consenting Term A Lenders. As previously reported by the Company in a current~~ report ~~on Form 8-K filed with the SEC on February 26, 2016, the Company was required~~ to ~~agree to pay the reasonable fees and expenses of counsel to the Consengint Term A Lenders under the Ninth Amendment. 3. No further extension shall~~ be ~~provided~~signed ~~unless the Company shall have entered into an engagement letter with a Chief Restructuring Officer~~ on orits ~~before~~behalf ~~April~~by ~~11, 2016, which engagement letter shall be in form and substance acceptable to~~ the ~~Consenting~~undersigned ~~Term~~hereunto Aduly ~~Lenders~~authorized.

Counsel to the Consenting Term A Lenders also confirmed by email correspondence that its clients will not require the Company to make further administrative agent fee payments to Cortland Capital Market Services LLC until a further agreement has been reached as to its fee.

	PEEKAY BOUTIQUES, INC.

Dated: June 2, 2016	By:	/s/ Lisa Berman
		Lisa Berman
		Chief Executive Officer

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.

	PEEKAY BOUTIQUES, INC.
Dated: April 4, 2016	By:	/s/ Janet Mathews
		Janet Mathews
		Chief Financial Officer

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