0001193125-13-261489.txt : 20130617 0001193125-13-261489.hdr.sgml : 20130617 20130617172435 ACCESSION NUMBER: 0001193125-13-261489 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130617 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130617 DATE AS OF CHANGE: 20130617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AFC ENTERPRISES INC CENTRAL INDEX KEY: 0001041379 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 582016606 STATE OF INCORPORATION: MN FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32369 FILM NUMBER: 13917514 BUSINESS ADDRESS: STREET 1: 5555 GLENRIDGE CONNECTOR, NE, SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30342 BUSINESS PHONE: 4044594450 MAIL ADDRESS: STREET 1: 5555 GLENRIDGE CONNECTOR, NE, SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30342 8-K 1 d553995d8k.htm 8-K 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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)             June 17, 2013            

 

 

AFC Enterprises, Inc.

 

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Minnesota   000-32369   58-2016606

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

400 Perimeter Center Terrace, Suite 1000, Atlanta, Georgia   30346
(Address of Principal Executive Offices)   (Zip Code)

(404) 459-4450

 

(Registrant’s Telephone Number, Including Area Code)

Not applicable

 

 

(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 8.01. Other Events.

On June 17, 2013, AFC Enterprises, Inc. (the “Company”) announced that Cheryl Bachelder, the Company’s chief executive officer, has established a new trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act. This trading plan is described in the Company’s press release which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

  99.1 Press release, dated June 17, 2013.


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.

 

    AFC Enterprises, Inc.

Date: June 17, 2013

    By:   /s/ Harold M. Cohen
      Harold M. Cohen
      Senior Vice President, General Counsel,
      Chief Administrative Officer and Corporate
      Secretary


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Press Release, dated June 17, 2013.
EX-99.1 2 d553995dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

AFC ENTERPRISES, INC. CHIEF EXECUTIVE OFFICER

ADOPTS NEW 10b5-1 TRADING PLAN

 

 

AFC Enterprises, Inc. (NASDAQ: AFCE) today announced that Cheryl Bachelder, Chief Executive Officer, has established a new trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act. Rule 10b5-1 permits individuals who are not then in possession of material non-public information to establish pre-arranged plans to buy or sell stock. The rule allows individuals to buy or sell shares of stock at a specific price in the future, regardless of any subsequent material non-public information.

This plan was adopted to enable Ms. Bachelder to continue to exercise and sell a portion of her AFCE stock options over time as part of Ms. Bachelder’s long-term strategy for asset diversification and tax management. Utilizing this type of plan, Ms. Bachelder can gradually diversify her investment portfolio, spreading stock trades out over an extended period of time, reducing market impact. If all sales in this plan are transacted, Ms. Bachelder’s holdings will continue to remain in excess of the company’s stock holding policy of 4 times her base salary.

The trading plan goes into effect September 2, 2013 and will expire on April 11, 2014. The new trading plan will replace Ms. Bachelder’s current trading plan, which expires on August 30, 2013. Under the new plan, Ms. Bachelder intends to exercise up to 168,338 stock options, subject to the market price of the company’s common stock, which were granted in November of 2007 and are set to expire in November of 2014, all as set forth in her trading plan.

Corporate Profile

AFC Enterprises, Inc. is the franchisor and operator of Popeyes® restaurants, the world’s second-largest quick-service chicken concept based on number of units. As of April 21, 2013, Popeyes had 2,119 operating restaurants in the United States, Guam, Puerto Rico, the Cayman Islands and 28 foreign countries. AFC’s primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. AFC Enterprises can be found at www.afce.com.

Forward Looking Statement

This press release contains certain “forward-looking statements,” as defined under U.S. federal securities laws, with respect to the trading plan described above. These forward-looking statements are based upon current plans and expectations. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company. These risks, uncertainties and other factors are described from time to time in the Company’s reports filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Page 2

LOGO

AFC Contact Information

Investor inquiries:

Rebecca Gardy, Director, Finance & Investor Relations

(404) 459-4673 or investor.relations@afce.com

Media inquiries:

Alicia Thompson, Vice President, Popeyes Communications & Public Relations

(404) 459-4572 or popeyescommunications@popeyes.com

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