-----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, DlcM3MSIJu76+22rROIQup25J4LXFYvUyprijxZJhnFUdws2HZjReppRdIsS2beG bZF2ltCxfWGZ3i5C3HimWw== 0000950144-99-013776.txt : 19991206 0000950144-99-013776.hdr.sgml : 19991206 ACCESSION NUMBER: 0000950144-99-013776 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991203 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARMIKE CINEMAS INC CENTRAL INDEX KEY: 0000799088 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE THEATERS [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: 99768202 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 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) December 3, 1999 ------------------------------- 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 5. OTHER EVENTS On December 3, 1999, Carmike Cinemas, Inc. (the "Company") issued a press release with respect to expected financial results for the fiscal quarter ending December 31, 1999. The information contained in such press release (filed as Exhibit 99 hereto) is being incorporated by reference into this Report. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit 99 -- Press Release dated December 3, 1999. 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/ Martin A. Durant ---------------------------------- Martin A. Durant Senior Vice President-Finance DATED: December 3, 1999 4 EXHIBIT INDEX
Exhibit Number Description ------- ----------- 99 Press Release dated December 3, 1999.
EX-99 2 PRESS RELEASE 1 EXHIBIT 99 FOR IMMEDIATE RELEASE December 3, 1999 Contact: Martin A. Durant Chief Financial Officer Carmike Cinemas, Inc. (706) 576-3416 Janice J. Kuntz Fleishman-Hillard (404) 659-4446 CARMIKE CINEMAS, INC. COMMENTS ON ANTICIPATED FOURTH QUARTER RESULTS COLUMBUS, GEORGIA - Carmike Cinemas, Inc. (NYSE: CKE) announced today that results for the fourth quarter ending December 31, 1999, are expected to be below analysts' current estimates. The company anticipates that revenue for the fourth quarter 1999 will be slightly higher than fourth quarter revenues for 1998; however, theatre operating costs are expected to be up significantly, reducing the company's EBITDA (earnings before interest, taxes, depreciation and amortization). Additionally, depreciation and interest are expected to be higher related to the new theatres opened throughout the year. Based on these estimates, the company currently expects to report a loss for the quarter. Commenting on the announcement, Martin A. Durant, Carmike's chief financial officer, stated, "The relatively low increase in projected total revenues is attributed to a slow start at the beginning of the fourth quarter that continued through the first seven weeks of the quarter. Based on the slow start and increases in expenses, financial results will be negatively impacted and the company will not meet analysts' consensus estimates for the fourth quarter." Durant continued, "The results posted for the Thanksgiving holiday weekend were very positive, but are expected to bring quarter-to-date revenues to only a modest increase relative to the comparable period for 1998." Durant also noted, "Theatre level expense increases have been driven by costs associated with the opening of new theatres. Depreciation and interest expense increases are directly associated with the new theatres constructed over the past two years. We are, however, very encouraged by the results posted by Carmike's new theatres over the Thanksgiving weekend and believe they will continue to perform at increasing levels as they mature." 2 Carmike Cinemas, Inc. is the nation's third largest motion picture exhibitor in terms of the number of screens operated. As of October 31, 1999, the Company operated 2,716 screens at 451 locations in 36 states. ### This press release includes forward-looking statements in addition to historical information, including projections of revenue, theatre level operating costs, depreciation and interest. 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. The Company 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 competitive pressures in the Company's secondary market niche, dependence upon motion picture production and performance, seasonality, business conditions in the movie industry and other complementary markets, competition from alternative forms of entertainment, general economic conditions and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 1998. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the Federal securities laws. -----END PRIVACY-ENHANCED MESSAGE-----