-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HGc1S8O+5g5TwMUpvN3mTaIkZk09wsZyVLAPZawrvY22E34jDsM8YDrLsM6lQ8bw lxC9IOjCbfFMJI6ZBSXm9Q== 0000950144-96-008746.txt : 19961202 0000950144-96-008746.hdr.sgml : 19961202 ACCESSION NUMBER: 0000950144-96-008746 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961121 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961127 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOLUNTEER CAPITAL CORP / TN / CENTRAL INDEX KEY: 0000103884 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 620854056 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08766 FILM NUMBER: 96673815 BUSINESS ADDRESS: STREET 1: 3401 WEST END AVE STREET 2: P O BOX 24300 CITY: NASHVILLE STATE: TN ZIP: 37202 BUSINESS PHONE: 6152691900 MAIL ADDRESS: STREET 1: 3401 WEST END AVE STREET 2: SUITE 260 CITY: NASHVILLE STATE: TN ZIP: 37202 FORMER COMPANY: FORMER CONFORMED NAME: WINNERS CORP DATE OF NAME CHANGE: 19890910 FORMER COMPANY: FORMER CONFORMED NAME: VOLUNTEER CAPITAL CORP DATE OF NAME CHANGE: 19820520 8-K 1 VOLUNTEER CAPITAL CORP FORM 8-K 1 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): November 27, 1996 (November 21, 1996) VOLUNTEER CAPITAL CORPORATION - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Tennessee 1-8766 62-0854056 - ------------------------------------------------ ------------------------ --------------------- (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 3401 West End Avenue, Suite 260, P.O. Box 24300, Nashville, Tennessee 37202 - -------------------------------------------------------------------- --------------------- (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (615) 269-1900 Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 Item 2. Acquisition or Disposition of Assets. On November 21, 1996, Volunteer Capital Corporation (the "Company") consummated the previously reported sale of substantially all of the assets of its Wendy's division to Wendy's International, Inc., pursuant to an Asset Purchase Agreement. The proceeds from the sale totaled approximately $28 million. Approximately $12.5 million of such amounts was used to repay the amounts outstanding under the Company's line of credit, and the balance (after payment of expenses) will be used to fund a significant portion of its commitments for capital expenditures for J. Alexander's restaurants currently under development. Item 7. Financial Statements and Exhibits. (a) Exhibits 99 Press Release (b) Pro Forma Financial Information The Pro Forma Financial Information required by Article 11 of Regulation S-X will be filed by amendment within the time period set forth in Item 7 of Form 8-K. 2 3 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. VOLUNTEER CAPITAL CORPORATION Date: November 27, 1996 By: /s/ Lonnie J. Stout II --------------------------- Lonnie J. Stout II Chairman of the Board 4 EXHIBIT INDEX No. Exhibit - ------------------------ -------------------------------------------------- 99 Press Release
EX-99 2 PRESS RELEASE 1 EXHIBIT 99 FOR IMMEDIATE RELEASE NEWS RELEASE Contact: Lonnie J. Stout II or Greg Lewis 615-269-1900 VOLUNTEER CAPITAL COMPLETES WENDY'S SALE NASHVILLE, TN., Nov. 22, 1996 -- Volunteer Capital Corporation (NYSE: VCC) said today it has completed the sale of substantially all of the assets of its Wendy's division to Wendy's International, Inc. for approximately $28 million in cash. The transaction included 52 Wendy's Old Fashioned Hamburgers restaurants in four states. Volunteer Capital said it used approximately $12,500,000 of the proceeds from the Wendy's transaction to pay off the outstanding balance on its line of credit agreement. The Company expects to use the balance of the proceeds (after payment of expenses of the transaction) to fund a significant portion of its commitments for capital expenditures for J. Alexander's restaurants currently under development. Volunteer Capital Corporation operates 13 J. Alexander's casual dining restaurants in seven states. The Company will open its 14th J. Alexander's restaurant in Memphis, Tennessee in mid-December and will open its 15th and 16th restaurants next spring in Denver, Colorado and in Tempa, Florida. Volunteer Capital Corporation is headquartered in Nashville, Tennessee. ### -----END PRIVACY-ENHANCED MESSAGE-----