On May 4, 2009, Sport Chalet, Inc. and certain of its subsidiaries (collectively, the "Company") entered into a Fourth Amendment to Amended and Restated Loan and Security Agreement (the "Fourth Amendment") dated as of May 4, 2009 with Bank of America, N.A. (the "Bank") as agent for the lenders under that certain Amended and Restated Loan and Security Agreement, as amended, dated as of June 20, 2008 (the "Loan Agreement").

Under the terms of the Fourth Amendment, up to an additional $10.0 million will be available to the Company through a special advance facility. The amount available under the special advance facility will be reduced by $2.5 million on the first day of each month commencing on July 1, 2010 and the special advance facility will terminate on October 1, 2010. This effectively increases the revolver limit to $55 million from January 1st of each year until August 31st and also allows for seasonal advances up to $75.0 million from September 1st to December 31st., subject to the scheduled reductions.

The foregoing summary is qualified in its entirety by reference to the copy of the Fourth Amendment which is attached as Exhibit 99.1 to this Report and is incorporated herein by this reference.

On May 5, 2009, the Company issued a press release providing an update concerning its anticipated financial results for its fourth quarter and fiscal year ended March 29, 2009. A copy of the press release is attached as Exhibit 99.2 to this Report and is incorporated herein by this reference.

The information furnished in Item 2.02 of this Report, including the exhibits incorporated by reference, will not be treated as "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section. This information will not be deemed incorporated by reference into a filing under the Securities Act of 1933, or into another filing under the Exchange Act, unless that filing expressly refers to specific information in this Report.

On May 4, 2009, the Company entered into the Fourth Amendment described in Item 1.01 above, which description is incorporated in this Item 2.03 by this reference.

On May 5, 2009, the Company issued a press release announcing that it has entered into the Fourth Amendment described in Item 1.01 above. A copy of the press release is attached as Exhibit 99.2 to this Report and is incorporated herein by this reference.

The information furnished in Item 7.01 of this Report, including the exhibits incorporated by reference, will not be treated as "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section. This information will not be deemed incorporated by reference into a filing under the Securities Act of 1933, or into another filing under the Exchange Act, unless that filing expressly refers to specific information in this Report. The furnishing of the information in Item 7.01 is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information this Report contains is material investor information that is not otherwise publicly available.

(d) Exhibits.

  Exhibit Number              Description of Exhibit
       99.1        Fourth Amendment to Amended and Restated Loan
                   and Security Agreement dated as of May 4,
                   2009.
       99.2        Press release dated May 5, 2009,
                   entitled: "Sport Chalet Amends and Expands
                   Its Existing Credit Facility with Bank of
                   America."