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): May 2, 2013
BURGER KING WORLDWIDE, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 1-35511 | 45-5011014 | ||
(State or Other Jurisdiction | (Commission | (IRS Employer | ||
of Incorporation) | File Number) | Identification No.) |
5505 Blue Lagoon Drive
Miami, Florida
(Address of Principal Executive Offices)
33126
(Zip Code)
(305) 378-3000
(Registrants 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 May 2, 2013, Burger King Worldwide, Inc. (the Company) sold its wholly-owned subsidiary Burger King GmbH and its 91 company-owned BURGER KING® restaurants in Germany to Yi-Ko Holding GmbH, a BURGER KING franchisee. As part of the transaction, Yi-Ko Holding GmbH has agreed to develop new BURGER KING restaurants over the next five years and remodel an additional 57 BURGER KING restaurants over the next 18 months.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit 99.1 Press release issued by the Company on May 3, 2013.
Forward-Looking Statements
This report contains certain forward-looking statements, which reflect managements expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. These forward-looking statements include statements about our expectations and beliefs regarding the ability of Yi-Ko Holding GmbH to develop new BURGER KING® restaurants over the next five years and remodel an additional 57 BURGER KING® restaurants over the next 18 months. The factors that could cause actual results to differ materially from our expectations are detailed in the Companys filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K, including the following: risks related to our international operations.
SIGNATURE
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.
BURGER KING WORLDWIDE, INC. | ||
By: | /s/ Jill M. Granat | |
Jill M. Granat SVP and General Counsel |
Date: May 3, 2013
Exhibit 99.1
|
News Release |
BURGER KING® FRANCHISEE YI-KO HOLDING GmbH ACQUIRES COMPANY-OWNED BURGER KING® RESTAURANTS IN GERMANY
Acquisition Part of Burger King Worldwide Inc.s Global Refranchising Strategy and Includes
Development Commitment in Germany
MIAMI & MUNICH May 2, 2013 Burger King Worldwide, Inc. (NYSE: BKW) today announced the sale of its wholly-owned subsidiary Burger King GmbH and its 91 company-owned BURGER KING® restaurants in Germany to Yi-Ko Holding GmbH, owned and operated by Mr. Ergün Yildiz and Mr. Alexander Kolobov. As part of the transaction, Yi-Ko Holding GmbH has agreed to develop new BURGER KING® restaurants during the next five years and remodel an additional 57 BURGER KING® restaurants during the next 18 months.
Germany is our biggest market outside of the U.S. and we believe that this country still offers significant potential for the BURGER KING® brand. The experience of Ergün Yildiz, a long-standing restaurant operator in Germany with a strong commitment to the brand for more than a decade, and his partnership with Alexander Kolobov are huge assets to accelerate the modernization and growth of the BURGER KING® brand in Germany, said José Cil, president, EMEA, BKW.
Alexander Kolobov has been the driving force behind the spectacular expansion of BURGER KING® restaurants in Russia during the past three years. We are confident that the combination of Alexs and Ergün`s expertise in operating restaurants and the expansion of the restaurant network will greatly improve the presence and the perception of the BURGER KING® brand in Germany, added Andreas Bork, vice president & general manager, DACH region, Burger King Beteiligungs GmbH.
Ergün Yildiz, chief executive officer of Yi-Ko Holding GmbH stated, We are excited about the opportunity to become the biggest BURGER KING® franchisee in Germany and the major contributor to the brands growth in this important market. We are committed to investing heavily in the remodeling of the existing restaurant portfolio and to significantly expand the restaurant network in the coming years. Alexander Kolobov added, There is still a lot of room for growth in the German market. Together with my partner Ergün Yildiz and with the BURGER KING® team, we are committed to capturing this potential and to significantly grow the footprint of the BURGER KING® brand in Germany.
Further commenting on this transaction, Andreas Bork emphasized the companys commitment to the German market: Germany is one of the most important markets worldwide. Through the partnership with Yi-Ko Holding GmbH our brand is better positioned than ever to take advantage of the numerous growth opportunities in this country. Together with our more than 160 franchise partners in Germany, we will continue on our path towards becoming the most profitable QSR player.
FORWARD LOOKING STATEMENTS
This press release includes forward-looking statements, which are often identified by the words may, might, believes, thinks, anticipates, plans, expects, intends or similar expressions, and include statements regarding BKWs expectations regarding the growth opportunities in Germany, the ability of Yi-Ko Holding GmbH to capitalize on these opportunities and rapidly expand the presence of the BURGER KING® brand in this country and the ability of BKW to become the most profitable QSR player. These forward-looking statements may be affected by risks and uncertainties in BKWs business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by BKW with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K. BKW wishes to caution readers that certain important factors may have affected and could in the future affect BKWs actual results and could cause BKWs actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BKW, including the risk that Yi-Ko Holding GmbH will not be successful in opening BURGER KING® restaurants in Germany or that the opportunities to open restaurants in this country will decline. BKW undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
ABOUT BURGER KING WORLDWIDE
Founded in 1954, BURGER KING® (NYSE: BKW) is the second largest fast food hamburger chain in the world. The original HOME OF THE WHOPPER®, the BURGER KING® system operates in over 13,000 locations serving more than 11 million guests daily in 88 countries and territories worldwide. Approximately 99 percent of BURGER KING® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades.To learn more about Burger King Worldwide, please visit the companys website at www.bk.com or follow us on Facebook and Twitter.
ABOUT YI-KO HOLDING GmbH
Yi-Ko Holding GmbH is based in Stade, Germany. Ergün Yildiz and Alexander Kolobov are 50/50 shareholders in Yi-Ko Holding GmbH.
Media Contacts:
For Burger King Worldwide, Inc.:
Miguel Piedra, Global Communications
305-378-7277
mediainquiries@whopper.com
BURGER KING® contact in Germany:
Michaela Kralovska, Ass. Manager, Communications & Public Affairs, EMEA
Emanate Press office:
TELEFON: | 089 / 12 44 50 |
MAIL: | burgerking@emanatepr.com |
For Yi-Ko Holding GmbH:
Info@burgerking-gmbh.org