-----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, ISk0c08loAJrLW5sLVYAc8/QhNUxAmd1M9n0n+zRYPXb+Yrv6qh6jSNiLjfSIaAx b9B1wbc8U6ffXh0LSAIFTQ== 0000930881-97-000010.txt : 19970723 0000930881-97-000010.hdr.sgml : 19970723 ACCESSION NUMBER: 0000930881-97-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970721 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19970722 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: 97643358 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): July 21, 1997 (February 1, 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) 931-9237 Item 5. Other Events. Hudson's Grill of America, Inc. (the "Company"), a California corporation based in Dallas, Texas, announced that at a Board of Directors meeting held on July 14, 1997, the Board voted to fill a vacancy on the Board. The Board elected Robert W. Fischer, Esq., the Company's outside legal counsel, as a new director. Mr. Fischer has been the Company's outside counsel since 1993. He is a partner in the law firm of Fischer & Sanger and has represented, operated, and invested in numerous restaurant companies since 1983. Besides Hudson's, for example, he has been involved in the former 8.0. Bar, Inc., Nostromo, Inc., Tango Bar, Inc., and Memphis, Inc., which are restaurants and bars that have or are operating in or out of the Dallas, Texas, area. Mr. Fischer is also a C.P.A. and a shareholder of the Company. The Company announced that it was about to sign a franchise agreement for a franchise in Abingdon, Virginia, with a planned opening before Christmas 1997. The Company's franchisee in Guatemala City, Guatemala, plans to open the Guatemala City Hudson's Grill in August 1997. The Company also announced that Mike Miller and the Company had mutually agreed to terminate the contract of sale for the Hudson's Grill in Westlake, California. A subsidiary or affiliate of the Company will operate the restaurant until a new buyer is found. The Company's franchise development and area representation agreements with Dr. S.L. Sethi and with Jotar, Inc., are being terminated because neither developer has built or is building the required number of franchised restaurants. In May 1997 the Hudson's Grill located on Burnet Road in Austin, Texas, filed a petition for protection under chapter 11 of the U.S. Bankruptcy Code. The case was converted to a chapter 7 liquidation in June. The restaurant is now closed, and the Company has terminated the franchise. Because of increased competition and less than expected sales, the Company's franchisee in Paramus, New Jersey, has decided to close the Hudson's Grill food court operation in the Garden State Mall. This was a first time, experimental location inside a shopping mall. Beginning February 1, 1997, the Company and Dalms, Inc., agreed to reduce the consulting fees charged by Dalms. Dalms, Inc., provides Thomas A. Sacco's consulting services to the Company. Mr. Sacco is a Senior Vice President of the Company and also is a director. The consulting fees have been reduced to $90,000 per year, and the Company will not pay for any other expenses of Dalms, Inc., other than travel expenses related to the Company's business. Item 7. Exhibits. 1. Press Release dated July 21, 1997, regarding the election of a new director and the status of opening and closing various franchise locations. 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: July 21, 1997 HUDSON'S GRILL OF AMERICA, INC. Registrant s/s David L. Osborn David L. Osborn f\sec\970715.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 the Election of a New Director and the Status of Various Openings and Closings of Restaurants Monday, July 21, 1997 Dallas, TX - Hudson's Grill of America, Inc., announced that on July 14, 1997, its directors elected Robert W. Fischer to fill a vacancy on the Board of Directors. Mr. Fischer has been Hudson's Grill's outside legal counsel since 1993 and has been involved with restaurants in the Dallas, Texas area for over 14 years. He has represented restaurants and has also operated them during this period. He is a partner in the law firm of Fischer & Sanger and is also a C.P.A. The Company also announced several closings and some prospective openings of restaurants. Hudson's Grill anticipates that new restaurants will be opening in Guatemala City, Guatemala, in August 1997, and one will be opening in Abingdon, Virginia, before Christmas 1997. As of July 13, 1997, an affiliate of Hudson's Grill has taken over the Westlake, California Hudson's Grill, and will run it until a buyer can be found. The location had been under a pending contract of sale, but the buyer and Hudson's Grill mutually agreed to terminate its sale. The prospective buyer had been operating the restaurant pending its sale. Hudson's Grill terminated its Burnet Road franchisee in Austin, Texas; the franchisee had filed for bankruptcy protection in May, but then decided to convert the case to a chapter 7 liquidation. In addition, Hudson's Grill's franchisee closed its Hudson's Grill food court operation in the Garden State Mall in Paramus, New Jersey. This was an experimental site; it was the first Hudson's Grill to be adapted for use in a food court location in a shopping mall. Additionally, Hudson's Grill noted that its franchise development agreements with Dr. S.L. Sethi and with Jotar, Inc., have terminated because both developers had failed to build or have under construction the required number of restaurants. The Company also announced that it had reduced the amount it was paying for consulting services provided by Dalms, Inc., which is the consulting company that provides the services of Thomas A. Sacco, the Company's Senior Vice President and director. The consulting agreement is now based at $90,000 per year with incentives based on the number of new Hudson's Grill franchises found by Dalms, Inc. 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-----