-----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, P1SS4U3TkUD1LwwzUFLBoZ2r7fKBljpc8arWAPQ4lh3A2FX2oShgZHVVFlO7OYxl Aea2nAABW/46pY7kJhvV4w== /in/edgar/work/20000809/0000950144-00-009665/0000950144-00-009665.txt : 20000921 0000950144-00-009665.hdr.sgml : 20000921 ACCESSION NUMBER: 0000950144-00-009665 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000808 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARMIKE CINEMAS INC CENTRAL INDEX KEY: 0000799088 STANDARD INDUSTRIAL CLASSIFICATION: [7830 ] IRS NUMBER: 581469127 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11604 FILM NUMBER: 689463 BUSINESS ADDRESS: STREET 1: 1301 FIRST AVE CITY: COLUMBUS STATE: GA ZIP: 31901 BUSINESS PHONE: 7065763400 MAIL ADDRESS: STREET 1: P O BOX 391 CITY: COLUMBUS STATE: GA ZIP: 31994 8-K 1 e8-k.txt CARMIKE CINEMAS, INC. 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) August 8, 2000 CARMIKE CINEMAS, INC. - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-11604 58-1469127 - ------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1301 FIRST AVENUE, COLUMBUS, GEORGIA 31901 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (706) 576-3400 --------------------------- N/A (Former name or former address, if changed since last report) -1- 2 ITEM 3. BANKRUPTCY OR RECEIVERSHIP On August 8, 2000, Carmike Cinemas, Inc. (the "Company") and its subsidiaries (Eastwynn Theatres, Inc., Wooden Nickel Pub, Inc. and Military Services, Inc.) filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. No trustee, receiver or examiner has been appointed and the Company is continuing to operate as a debtor-in-possession. A press release relating to these matters is attached hereto as Exhibit 99 and incorporated herein in its entirety by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit 99 -- Press Release dated August 8, 2000. -2- 3 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 thereunto duly authorized. CARMIKE CINEMAS, INC. By: /s/ F. Lee Champion, III ----------------------------------------- F. Lee Champion, III Senior Vice President and General Counsel DATED: August 9, 2000 -3- 4 EXHIBIT INDEX
Exhibit Number Description ------ ----------- 99 Press Release dated August 8, 2000.
-4- EX-99 2 ex99.txt PRESS RELEASE 1 EXHIBIT 99 [LOGO] [GRAPHIC OMITTED] FOR IMMEDIATE RELEASE August 8, 2000 CONTACT: Martin A. Durant Chief Financial Officer Carmike Cinemas, Inc. (706) 576-3416 Suzanne D. Brown Investor/Public Relations (706) 576-2737 CARMIKE CINEMAS TO RESTRUCTURE UNDER CHAPTER 11 Columbus, Georgia, August 8, 2000--Carmike Cinemas, Inc. (NYSE: CKE) announced today that the Company and its subsidiaries have filed voluntary petitions to reorganize their business under chapter 11 of the U.S. Bankruptcy Code. The filings were made in the United States Bankruptcy Court for the District of Delaware. Michael W. Patrick, Carmike's President and Chief Executive Officer, stated, "After careful consideration and analysis of our current circumstances and the state of our industry, we determined that chapter 11 provides the most expeditious means to achieve a successful financial and operational restructuring of our business. Our focus is on preserving our assets and improving our operational strength during this difficult period for our industry, so that we can emerge as a stronger and healthier company." Mr. Patrick said he expects that the Company will receive the support of its customers, employees, suppliers and vendors during the reorganization process and that business should continue as usual. "While a dramatic step, chapter 11 should allow us to develop and implement a comprehensive business plan in a timely and orderly manner, without the uncertainties and 2 delays we have faced in dealing with creditors," he noted. The Company has been taking a number of actions to ensure its financial viability during the economic downturn in the exhibition industry, including the elimination of new movie theatre development, curtailment of renovation and expansion of existing theatres, increased management control over expenditures, aggressive marketing of surplus assets and evaluations of capital sources and debt restructurings. Carmike Cinemas, Inc. is the nation's third largest motion picture exhibitor in terms of the number of screens operated. Carmike currently operates 2,802 screens at 436 locations in 36 states. Carmike focuses on small to mid-sized communities across the United States with populations ranging from 7,000 to 500,000. FORWARD-LOOKING STATEMENTS Forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," and similar expressions are intended to identify such forward-looking statements; however, this press release also contains other forward-looking statements. Carmike cautions that there are various important factors that could cause actual results to differ materially from those indicated in the forward-looking statements; accordingly, there can be no assurance that such indicated results will be realized. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the overall viability of the Company's long-term operational reorganization and financial restructuring plan; competitive pressures in Carmike's secondary market niche; dependence upon motion picture production and performance; the ability to achieve planned openings or closings of theatres and screens; seasonality; business conditions in the movie industry and other complementary markets; general economic conditions and the risk factors detailed from time to time in Carmike's periodic reports and registration statements filed with the Securities and Exchange Commission, including Carmike's Annual Report on Form 10 K for the year ended December 31, 1999. By making these forward-looking statements, Carmike does not undertake to update them in any manner except as may be required by Carmike's disclosure obligations in filings it makes with the Securities and Exchange Commission under Federal securities laws. -----END PRIVACY-ENHANCED MESSAGE-----