8-K

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): December 19, 2012

CHANTICLEER HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

________________

Delaware	000-29507	20-2932652
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification)

11220 Elm Lane, Suite 203, Charlotte, NC 28277

(Address of principal executive office) (zip code)

___________________________________________________

(Former address of principal executive offices) (zip code)

(704) 366-5122
(Registrant’s Telephone Number, Including Area Code)

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 Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

ITEM 2.02 Results of Operations and Financial Condition

ITEM 7.01 Regulation FD Disclosure

On December 19, 2012, Chanticleer Holdings, Inc. issued a press release announcing the Company’s revised financial results for the three-month period ended, June 30, 2012. A copy of the press release is attached hereto as Exhibit 99.1.

The information set forth in this Item 2.02 and Item 7.01 of Form 8-K is furnished pursuant to Item 2.02 and Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1	Press release dated December 19, 2012

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.

Dated: December 19, 2012 

Chanticleer Holdings, Inc.
By:	/s/ Michael D. Pruitt
Name: Title:	Michael D. Pruitt Chief Executive Officer

EX-99.1

 

Chanticleer Holdings Announces Revised Second Quarter 2012 Financial Results

CHARLOTTE, N.C., December 19, 2012 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer Holdings" or the "Company"), a minority owner in the privately-held parent company of the Hooters® brand, Hooters of America (“HOA”), and a franchisee of international Hooters restaurants, announced today, its revised second quarter 2012 financial results for the three-month period ended June 30, 2012.

As a result of the completion of the financial review of the three-month period ended June 30, 2012, total revenues increased by approximately $41,000 to $1,727,821 and net loss increased by $110,235 to $843,616, as a result of higher cost of sales, accrual of additional payroll taxes, and an increase in other expenses. The Company reported a net loss per share of $0.56. The quarter over quarter increase in net loss per share is attributable to the increase in expenses and the one for two reverse split in the Company’s common stock, which became effective May 11, 2012. Cash and cash equivalents decreased by $104,589 to $3,568,416 due to the Company’s former South African subsidiaries’ CFO, Mark Hezlett’s misappropriation of funds. The Company’s final financial results for the three-month period ended June 30, 2012 are included in its Form 10-Q/A filed today with SEC.

As previously stated by the Company, Mr. Hezlett has agreed to repay all of the misappropriated funds. Mr. Hezlett is abiding by his payment arrangement by making payments as scheduled. The Company expects to recover most of the funds by 2013 year-end.

Mike Pruitt, President and CEO of Chanticleer Holdings, commented, “We still expect to file a Form 10-Q for the three-month period ended September 30, 2012 with the SEC prior to year-end 2012. Once our third quarter results have been filed, we plan to update our shareholders with regards to our business and operational initiatives. We are also pleased our Emperor’s Palace location, during the second quarter, generated revenues of approximately $676,000 with gross margin of approximately 61% and generated net income of approximately $50,000.”

The Company is continuing to work with NASDAQ to provide the Staff with all information requested in a timely manner. However, at this time we are not able to provide guidance as to when trading will resume. The Company intends to continue to inform investors of any material developments in a timely manner.

About Chanticleer Holdings, Inc.

Chanticleer Holdings is focused on expanding the Hooters® casual dining restaurant brand in international emerging markets. Chanticleer currently owns in whole or part of the exclusive franchise rights to develop and operate Hooters restaurants in South Africa, Hungary and parts of Brazil, and has joint ventured with the current Hooters franchisee in Australia, while evaluating several additional international opportunities. The Company currently owns and operates in whole or part of six Hooters restaurants in its international franchise territories: Durban, Johannesburg, Cape Town and Emperor's Palace in South Africa; Campbelltown in Australia; and Budapest in Hungary.

In 2011, Chanticleer and a group of noteworthy private equity investors, which included H.I.G. Capital, KarpReilly, LLC and Kelly Hall, president of Texas Wings Inc., the largest Hooters franchisee in the United States, acquired Hooters of America (HOA), a privately held company. Today, HOA is an operator and the franchisor of over 430 Hooters® restaurants in 28 countries. Chanticleer maintains a minority ownership stake in HOA and its CEO, Mike Pruitt, is also a member of HOA's Board of Directors. For further information, please visit www.chanticleerholdings.com or www.hooters.com and follow us on Twitter at @ChantHoldings or @Hooters.

Forward-Looking Statements:

Any statements that are not historical facts contained in this release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning.  Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in the companies' filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the companies do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.

Company Contact:

Shannon DiGennaro, V.P. Investor Relations

Phone: 704.941.0959

sd@chanticleerholdings.com