0001193125-11-270123.txt : 20111013 0001193125-11-270123.hdr.sgml : 20111013 20111013105500 ACCESSION NUMBER: 0001193125-11-270123 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111012 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111013 DATE AS OF CHANGE: 20111013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRISCHS RESTAURANTS INC CENTRAL INDEX KEY: 0000039047 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 310523213 STATE OF INCORPORATION: OH FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07323 FILM NUMBER: 111138812 BUSINESS ADDRESS: STREET 1: 2800 GILBERT AVE CITY: CINCINNATI STATE: OH ZIP: 45206 BUSINESS PHONE: 5139612660 MAIL ADDRESS: STREET 1: 2800 GILBERT AVE CITY: CINCINNATI STATE: OH 8-K 1 d243395d8k.htm FORM 8-K Form 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): October 12, 2011

 

 

FRISCH’S RESTAURANTS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

OHIO   001-07323   31-0523213

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

2800 GILBERT AVENUE, CINCINNATI, OHIO   45206
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code 513-961-2660

 

(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 October 12, 2011, the Company issued a news release announcing that it had engaged an investment banking firm specializing in the restaurant industry to assist the Company in its evaluation of strategic alternatives relating to its Golden Corral business segment. The news release is filed herewith as Exhibit 99.1.

 

Item 9.0.1. Financial Statements and Exhibits.

 

(d) Exhibits

Exhibit 99.1 – News release issued by the Company on October 12, 2011 is filed herewith.

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 thereunto duly authorized.

 

  FRISCH’S RESTAURANTS, INC.
  (registrant)
DATE         October 12, 2011          
  BY  

/s/    Mark R. Lanning        

    Mark R. Lanning
    Vice President and Chief Financial Officer,
   

Principal Financial Officer and

Principal Accounting Officer

 EX-99.1 2 d243395dex991.htm NEWS RELEASE News Release

Exhibit 99.1

Frisch’s Announces Appointment of Brookwood Associates

For Golden Corral Strategic Study

FOR IMMEDIATE RELEASE

Cincinnati, Ohio—October 12, 2011, Frisch’s Restaurants, Inc. (NYSE Amex: FRS) today announced that it has engaged Brookwood Associates, L.L.C., an investment banking firm specializing in the restaurant industry, to assist the Company in its evaluation of strategic alternatives for its Golden Corral business segment.

President and Chief Executive Officer, Craig F. Maier explained, “We are focused on optimizing the value of our investment in our Golden Corral segment and we look forward to working closely with Brookwood Associates to achieve this goal”.

Maier concluded, “We do not have any specific strategic or financial transaction in mind nor do we have any fixed endpoint for this project’s conclusion.”

The Company anticipates it will make no further announcements regarding this strategic review unless there are material developments.

Frisch’s Restaurants, Inc. is a regional company that operates full service family-style restaurants under the name “Frisch’s Big Boy.” The Company also operates grill buffet style restaurants under the name “Golden Corral” pursuant to certain licensing agreements. All Big Boy restaurants are currently located in various regions of Ohio, Kentucky and Indiana. Golden Corral restaurants currently operate primarily in the greater metropolitan areas of Cincinnati, Cleveland, Columbus, Dayton and Toledo, Ohio, Louisville, Kentucky and Pittsburgh, Pennsylvania.

The Company owns the trademark “Frisch’s” and has exclusive, irrevocable ownership of the rights to the “Big Boy” trademark, trade name and service marks in the states of Kentucky and Indiana, and in most of Ohio and Tennessee. All of the Frisch’s Big Boy restaurants also offer “drive-thru” service. The Company also licenses Big Boy restaurants to other operators, currently in certain parts of Ohio, Kentucky and Indiana.

The Company has reported a profit every year since going public in 1960, and paid cash dividends to shareholders every quarter over the same period.

Statements contained in this press release which are not historical facts are forward looking statements as that item is defined in the Private Securities Litigation Act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company’s filings with the Securities and Exchange Commission.

 

CONTACT:   
Mark R. Lanning    Amy Forrestal
Vice President-Finance and CFO    Managing Director
Frisch’s Restaurants, Inc.    Brookwood Associates
(513) 559-5200    (404)874-7433 ext. 14
www.frischs.com    www.brookwoodassociates.com
Jeb Ball   
Managing Director   
Brookwood Associates   

(704)705-3654