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: August 21, 2002
                        (Date of earliest event reported)


                              NATHAN'S FAMOUS, INC.
             (Exact Name of Registrant as Specified in its Charter)





          Delaware                 1-3189                        11-3166443
-----------------------          ----------                    ---------------
(State of Incorporation)        (Commission                   (I.R.S. Employer
                                File Number)                 Identification No.)


1400 Old Country Road, Westbury, New York                         11590
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(Address of Principal Executive Offices)                       (Zip Code)


Registrant's telephone number including area code           (516) 338-8500
                                                             -------------



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(Former name or former address, if changed since last report.)






Item 5.   Other Events

     On or about August 21, 2002,  Registrant  received written notice from Home
Depot  U.S.A.,  Inc.  ("Home  Depot") that Home Depot  terminated  eight License
Agreements with the Registrant  pursuant to which Registrant  operates  Nathan's
restaurants in certain Home Depot  Improvement  Centers.  In accordance with the
termination notices,  Registrant will cease its operations in those locations on
or about February 20, 2003.  For its fiscal year ended March 31, 2002,  sales at
these  locations  totaled  $4,099,021  (14.9% of Registrant's  total  restaurant
sales) and income  before  income taxes from these  locations  totaled  $315,675
(14.3% of  Registrant's  income before  provision for income taxes).  Registrant
believes  it is  entitled  to  certain  payments  pursuant  to  the  termination
provisions of selected Lease Agreements, in an amount yet to be determined.





                                    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, thereunder duly authorized.

                                 NATHAN'S FAMOUS, INC.


                                 By: /s/ Ronald DeVos
                                 -------------------------
                                 Ronald DeVos
                                 Vice-President Finance
                                 and Chief Financial Officer
                                (Principal Financial and Accounting Officer)


Dated:   September 20, 2002