0001140361-24-026625.txt : 20240517
0001140361-24-026625.hdr.sgml : 20240517
20240517132154
ACCESSION NUMBER: 0001140361-24-026625
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240516
FILED AS OF DATE: 20240517
DATE AS OF CHANGE: 20240517
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Perelman Matthew Terker
CENTRAL INDEX KEY: 0001771891
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33174
FILM NUMBER: 24958736
MAIL ADDRESS:
STREET 1: 853 BROADWAY, SUITE 2014
CITY: NEW YORK
STATE: NY
ZIP: 10003
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CAMBRIDGE FRANCHISE PARTNERS, LLC
CENTRAL INDEX KEY: 0001737771
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33174
FILM NUMBER: 24958737
BUSINESS ADDRESS:
STREET 1: 208 N. GARNETT STREET
CITY: HENDERSON
STATE: NC
ZIP: 27536
BUSINESS PHONE: 917-734-2746
MAIL ADDRESS:
STREET 1: 853 BROADWAY
CITY: NEW YORK
STATE: NY
ZIP: 10003
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cambridge Franchise Holdings, LLC
CENTRAL INDEX KEY: 0001777553
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33174
FILM NUMBER: 24958738
BUSINESS ADDRESS:
STREET 1: 853 BROADWAY, SUITE 2014
CITY: NEW YORK
STATE: NY
ZIP: 10003
BUSINESS PHONE: 9176852967
MAIL ADDRESS:
STREET 1: 853 BROADWAY, SUITE 2014
CITY: NEW YORK
STATE: NY
ZIP: 10003
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sloane Alexander R
CENTRAL INDEX KEY: 0001771894
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33174
FILM NUMBER: 24958735
MAIL ADDRESS:
STREET 1: 853 BROADWAY, SUITE 2014
CITY: NEW YORK
STATE: NY
ZIP: 10003
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CARROLS RESTAURANT GROUP, INC.
CENTRAL INDEX KEY: 0000809248
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 161287774
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 968 JAMES STREET
CITY: SYRACUSE
STATE: NY
ZIP: 13203
BUSINESS PHONE: 315-424-0513
MAIL ADDRESS:
STREET 1: 968 JAMES STREET
CITY: SYRACUSE
STATE: NY
ZIP: 13203
FORMER COMPANY:
FORMER CONFORMED NAME: CARROLS HOLDINGS CORP
DATE OF NAME CHANGE: 19870113
4
1
form4.xml
FORM 4
X0508
4
2024-05-16
true
0000809248
CARROLS RESTAURANT GROUP, INC.
TAST
0001777553
Cambridge Franchise Holdings, LLC
853 BROADWAY, SUITE 1605
NEW YORK
NY
10003
true
true
0001737771
CAMBRIDGE FRANCHISE PARTNERS, LLC
853 BROADWAY, SUITE 1605
NEW YORK
NY
10003
true
true
0001771891
Perelman Matthew Terker
853 BROADWAY, SUITE 1605
NEW YORK
NY
10003
true
true
0001771894
Sloane Alexander R
853 BROADWAY, SUITE 1605
NEW YORK
NY
10003
true
true
false
Common Stock, par value $0.01 per share
2024-05-16
4
D
0
10442310
D
0
I
See Footnote
Common Stock, par value $0.01 per share
2024-05-16
4
D
0
295111
D
0
D
Common Stock, par value $0.01 per share
2024-05-16
4
D
0
164161
D
0
D
On May 16, 2024, Carrols Restaurant Group, Inc. (the "Company" or the "Issuer") consummated the transactions contemplated by that certain Agreement and Plan of Merger, dated as of January 16, 2024 (the "Merger Agreement"), by and among the Company, Restaurant Brands International Inc. and BK Cheshire Corp. (the "Closing"). Upon the Closing, each outstanding share of common stock, par value $0.01 per share, of the Company, including any restricted shares, ("Common Stock") was cancelled and converted into the right to receive $9.55 in cash, without interest thereon, under the terms and subject to the conditions set forth in the Merger Agreement.
These shares of Common Stock of the Issuer are owned of record by Cambridge Franchise Holdings, LLC ("CFH") and were acquired by CFH pursuant to the Agreement and Plan of Merger, dated as of February 19, 2019 (the "CFH Merger Agreement"), by and among the Issuer, Carrols Holdco Inc., GRC MergerSub Inc., GRC MergerSub LLC, Cambridge Franchise Partners, LLC ("CFP"), CFH and New CFH, LLC. On April 30, 2019, at the closing of the transactions contemplated by the CFH Merger Agreement, CFH acquired 7,364,413 shares of Common Stock and 10,000 shares of Series C Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"), of the Issuer. (Continued to Footnote 3)
(Continued from Footnote 2) The certificate of designations pursuant to which the Series C Preferred Stock was issued provided that the Series C Preferred Stock was not convertible into Common Stock unless and until stockholders of the Issuer approved the issuance of shares of Common Stock upon such conversion in accordance with the applicable rules of the Nasdaq Stock Market LLC and provided that, upon such stockholder approval, the Series C Preferred Stock would automatically convert into an aggregate of 7,450,402 shares of Common Stock, subject to adjustment in accordance with the certificate of designations. On August 29, 2019, at the 2019 annual meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon the conversion of the Series C Preferred Stock and the 10,000 shares of Series C Preferred Stock automatically converted into 7,450,402 shares of Common Stock.
Matthew Perelman and Alexander Sloane are the managing principals of CFP, which is the sole member and manager of CFH. Accordingly, each of Matthew Perelman, Alexander Sloane and CFP may be deemed to beneficially own the securities of the Issuer held by CFH. The filing of this statement on Form 4 shall not be deemed an admission that any of the reporting persons beneficially owns any securities of the Issuer not owned directly by such reporting person, and each reporting person disclaims any beneficial ownership of any securities of the Issuer, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, except to the extent of such reporting person's pecuniary interest therein. The reporting persons may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Exchange Act. The filing of this statement on Form 4 shall not be deemed an admission that any reporting person is a member of such a group.
Each of Matthew Perelman and Alexander Sloane was appointed to the board of directors of the Issuer as a representative of CFH and, pursuant to the Registration Rights and Stockholders' Agreement entered into by the Issuer and CFH on April 30, 2019, as amended, CFH has certain rights to nominate directors for election to the board of directors of the Issuer. Accordingly, each of CFH and CFP may be deemed a "director by deputization" solely for purposes of Section 16 of the Exchange Act. The filing of this statement on Form 4 shall not be deemed an admission that any reporting person is a member of such a group.
Matthew Perelman is the beneficial and record owner of these shares of Common Stock, which include 55,976 restricted shares of Common Stock.
Alexander Sloane is the beneficial and record owner of these shares of Common Stock, which include 55,976 restricted shares of Common Stock.
CAMBRIDGE FRANCHISE HOLDINGS, LLC By: /s/ Matthew Perelman, Co-President
2024-05-17
CAMBRIDGE FRANCHISE PARTNERS, LLC By: /s/ Matthew Perelman, Co-President
2024-05-17
MATTHEW TERKER PERELMAN /s/ Matthew Terker Perelman
2024-05-17
ALEXANDER R SLOANE /s/ Alexander R Sloane
2024-05-17