-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TX7aEoUbaV3zEBdYRuaKwzOeEAu8/jQY/t/KCABB6Yi5My6pwnwB5RYBFSRwzSMT m0sdXATttcs7oQwoudpQYA== 0000930881-97-000009.txt : 19970606 0000930881-97-000009.hdr.sgml : 19970606 ACCESSION NUMBER: 0000930881-97-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970605 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19970605 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUDSONS GRILL OF AMERICA INC CENTRAL INDEX KEY: 0000729545 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 953477313 STATE OF INCORPORATION: CA FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13642 FILM NUMBER: 97619624 BUSINESS ADDRESS: STREET 1: 16970 DALLAS NORTH PKWY STE 402 CITY: DALLAS STATE: TX ZIP: 75248 BUSINESS PHONE: 2149319743 MAIL ADDRESS: STREET 1: 16970 DALLAS PARKWAY STREET 2: SUITE 402 CITY: DALLAS STATE: TX ZIP: 75248 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN RESTAURANTS CORP DATE OF NAME CHANGE: 19910825 8-K 1 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): June 5, 1997 (May 23, 1997) HUDSON'S GRILL OF AMERICA, INC. (Exact name of Registrant as specified in its Charter) California (State or other jurisdiction of incorporation) 0-13642 (Commission or File Number) 95-3477313 (IRS Employer Identification Number) 16970 Dallas Parkway, Suite 402, Dallas, Texas 75248 (Address of Principal Executive Offices) Registrant's telephone number, including area code: (972) 931-9743 Item 5. Other Events. Hudson's Grill of America, Inc. (the "Company"), a California corporation based in Dallas, Texas, announced that on May 23, 1997, it signed an agreement with Rauscher Pierce Refnes, Inc. ("RPR"), a stock brokerage firm with offices in Dallas, Texas, and a member of the New York Stock Exchange, Inc., for various services to be performed by RPR for the Company. The purpose of the agreement is for RPR to provide services regarding the raising of capital for development of Company stores, acquisitions and working capital, and for RPR to assist in the valuation, structure and negotiation of any proposed acquisitions. The objective of the agreement is to raise up to $5,000,000 by the private placement of common stock, preferred stock, subordinated debt and/or equity based securities, and up to $3,000,000 by the private placement of senior debt securities. The initial term of the agreement is six months. In consideration for its efforts to help raise capital and provide consulting services, the Company agreed to pay RPR a retainer of $15,000 and to grant warrants to purchase 248,000 shares of the Company's common stock at $.28 per share. In addition, RPR will earn commissions for the successful sale of the Company's securities, which commissions are a combination of fees (depending on the type of security sold) and additional warrants (at a rate of 200,000 for each $1,000,000 worth of securities sold, with a five year term, and exercisable at 120% of the price (or fair market value) of the underlying securities sold by RPR). Various other fees are payable to RPR in the event it assists the Company with any acquisition or if the Company decides to pursue the sale of the Company. The Company also announced that at its annual shareholders meeting held on May 27, 1997, the shareholders approved a change in the Company's articles of incorporation to authorize the issuance of up to 5,000,000 shares of preferred stock; elected Mr. David Osborn and Mr. Thomas Sacco as directors; and appointed Hein + Associates as the Company's independent auditors. The directors elected Mr.Osborn as President, Mr. Sacco as Senior Vice President, Ms. Mitzy Ferguson as Secretary, Ms. Jane Taylor as Treasurer, and Ms. Barbara Amstutz of the Company. Item 7. Exhibits. 1. Press Release dated June 4, 1997, regarding the agreement with RPR and the results of the annual shareholders meeting. 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. Date: June 5, 1997 HUDSON'S GRILL OF AMERICA, INC. Registrant s/s David L. Osborn David L. Osborn f\sec\970604.O01 EX-99 2 EXHIBIT A Hudson's Grill of America, Inc. For Immediate Release 16970 Dallas Parkway Contact: Thomas A. Sacco Suite # 402 Telephone: 972-931-9237 Dallas, Texas 75248-1928 e-mail: sacco@hudsonsgrill.com Hudson's Grill Announces an Agreement to Engage Rauscher Peirce Refnes to Raise Capital for Hudson's Grill and for Rauscher Peirce Refnes to Act as the Company's Adviser for Future Acquisitions; Hudson's Grill Also Announces the Results of its Annual Shareholder Meeting Thursday, June 5, 1997 Dallas, TX - Hudson's Grill of America, Inc., announced that on May 23, 1997, it retained Rauscher Pierce Refnes, a member of the New York Stock Exchange, to raise capital for Hudson's Grill. The agreement calls for Rauscher Peirce Refnes to help Hudson's raise capital by the private placement of stock and debt securities. Rauscher Peirce Refnes will also assist Hudson's in the acquisition of restaurants by providing services concerning valuation, structuring and negotiating potential acquisitions. Hudson's will pay Rauscher Pierce Refnes $15,000 in fees and grant warrants as a retainer, and has agreed to pay Rauscher Peirce Refnes commissions for the successful completion of the sale of securities or the purchase of an acquisition. The commissions will consist of additional cash and/or warrants. Mr. David Osborn, President of Hudson's Grill, was delighted to sign the agreement with Rauscher Pierce Refnes. "Rauscher Pierce Refnes has been active as a broker in the Dallas area for a long time and enjoys a good reputation. We look forward to a long term relationship with them." "Rauscher Pierce Refnes has been very successful in the Southwest", added Mr. Osborn, "and they like the Hudson's Grill concept. We are confident that they can be a great help to us. With funds raised by them we will be able to develop more company restaurants, as well as pursue other company objectives." Hudson's also announced that at its annual shareholders meeting, the shareholders approved an amendment to the company's charter that authorizes the issuance of preferred stock. In addition, the shareholders elected Mr. Osborn and Mr. Thomas Sacco as directors; the directors subsequently elected Mr. Osborn as President and Mr. Sacco as Senior Vice President of the company. Hudson's Grills are celebrating their 13th year of operation, and the Company is publicly traded over the counter under the NASDAQ symbol HDSG. -----END PRIVACY-ENHANCED MESSAGE-----