-----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, DoHQ4AUM4nwaG+RTMEth1mWtCA9ySqUujKpRGdCxX3kaE7yHaxZZcrA7sasq13BW A+RRNkUBbPHdxsf2sZUl4w== 0001015325-06-000209.txt : 20060512 0001015325-06-000209.hdr.sgml : 20060512 20060512140406 ACCESSION NUMBER: 0001015325-06-000209 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060509 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060512 DATE AS OF CHANGE: 20060512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EACO CORP CENTRAL INDEX KEY: 0000784539 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 592597349 STATE OF INCORPORATION: FL FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14311 FILM NUMBER: 06833838 BUSINESS ADDRESS: STREET 1: 2113 FLORIDA BLVD STREET 2: STE A CITY: NEPTUNE BEACH STATE: FL ZIP: 32266 BUSINESS PHONE: 9042494197 MAIL ADDRESS: STREET 1: 2113 FLORIDA BLVD STE A CITY: NEPTUNE BEACH STATE: FL ZIP: 32266 FORMER COMPANY: FORMER CONFORMED NAME: FAMILY STEAK HOUSES OF FLORIDA INC DATE OF NAME CHANGE: 19920703 8-K 1 form8k.txt FORM 8-K 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): May 9, 2006 EACO CORPORATION - ----------------------------------------------------------------- (Exact name of registrant as specified in its charter) FLORIDA 0-14311 59-2597349 - ------------------------ ----------------- -------------------- (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of incorporation) 1500 N. Lakeview Avenue 92807 Anaheim, CA - ------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (714) 876-2490 - ----------------------------------------------------------------- (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 CRF 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)) CURRENT REPORT ON FORM 8-K EACO CORPORATION May 9, 2006 ITEM 2.02. DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION On May 9, 2006, EACO Corporation (the "Company") issued a press release regarding its revenues and operating results for the first quarter of fiscal 2006. A copy of the press release is furnished as Exhibit 99.1. The information in this report (including the exhibit) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. 99.1 Press Release dated May 9, 2006. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned thereunto duly authorized. EACO CORPORATION Date: May 10, 2006 By: /S/ Glen Ceiley ----------------------------- Glen Ceiley Chief Executive Officer EX-99 2 press.txt EXHIBIT 99.1 PRESS RELEASE EXHIBIT 99.1 Michael Bains Eaco Corporation (714) 876-2490 May 9, 2006 EACO CORPORATION REPORTS FIRST QUARTER RESULTS ______________________________________________ ANAHEIM, CALIFORNIA - Eaco Corporation (OTCBB:EACO), today reported revenues and operating results for the first quarter ended March 29, 2006. The net loss for the first quarter of 2006 was $120,700 ($.04 per share) compared to net income of $258,200 ($.07 per share) for the same period in 2005. Loss from continuing operations for the first quarter of 2006 was $120,700 ($.04 per share) compared to a loss of $1,112,900 ($.30 per share) for the same period in 2005. As previously announced, the Company sold all of its operating restaurants on June 30, 2005. The operating results of these sold restaurants are reported as "Income from Discontinued Operations" for the 1st quarter of 2005. Since the sale of the restaurants the Company's core business has been its real estate holdings. The Company continues to pursue acquisitions of operating businesses and investments while reducing general and administrative expenses. EACO Corporation ________________ Consolidated Results of Operations __________________________________ (Unaudited) ___________
For The Three Months Ended ________________ March March 29, 30, 2006 2005 ________ _______ Revenues: Rental income $231,900 $66,800 -------- ------- Total revenues: 231,900 66,800 -------- ------- Costs and expenses: Depreciation and amortization 73,400 53,100 General and administrative expenses 368,200 712,100 Loss on equipment disposition 17,000 19,200 ------- ------- Total costs and expenses 458,600 784,400 ------- ------- Loss from operations -226,700 -717,600 Investment (loss) gain 165,300 0 Interest and other income 320,300 -12,700 Interest expense -121,100 -382,579 -------- -------- Loss from continuing operations before income taxes -192,800 -1,112,900 Income tax benefit 72,100 0 -------- ---------- Loss from continuing operations -120,700 -1,112,900 Discontinued operations: Income from discontinued operations 0 1,371,100 -------- --------- Net income (loss) -120,700 258,200 Cumulative preferred stock dividend -19,100 -19,100 -------- --------- Net income (loss) available (attributable) to common shareholders -$139,800 $239,100 ========= ========= Basic income (loss) per share Continuing operations -$0.04 -$0.30 Discontinued operations 0.00 0.36 --------- --------- Net income (loss) -$0.04 $0.06 ========= ========= Basic weighted average common shares outstanding 3,906,800 3,790,000 ========= ========= Diluted income (loss) per share Continuing operations -$0.04 -$0.30 Discontinued operations 0.00 0.36 --------- --------- Net income (loss) -$0.04 $0.06 ========= ========= Diluted weighted average common shares outstanding 3,906,800 3,790,000 ========= =========
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