-----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, V2O7oFDWpbtGPwjQpIJIy3EiQMCdJOKS0ODOQ1G1TReScfdRmNfwcngm+LTyCdua /V4yUBd/dlVnNfPvG13Hdg== 0000853665-03-000063.txt : 20030123 0000853665-03-000063.hdr.sgml : 20030123 20030123105958 ACCESSION NUMBER: 0000853665-03-000063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030123 ITEM INFORMATION: Other events FILED AS OF DATE: 20030123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLEBEES INTERNATIONAL INC CENTRAL INDEX KEY: 0000853665 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 431461763 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17962 FILM NUMBER: 03521756 BUSINESS ADDRESS: STREET 1: 4551 W 107TH ST STE 100 CITY: OVERLAND PARK STATE: KS ZIP: 66207 BUSINESS PHONE: 9139674000 MAIL ADDRESS: STREET 1: 4551 W 107TH STREET STREET 2: SUITE 100 CITY: OVERLAND PARK STATE: KS ZIP: 66207 8-K 1 tkannouncement8k.txt THOMAS AND KING 8K UNITED STATES 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) January 23, 2003 -------------------------------- Commission File Number: 000-17962 Applebee's International, Inc. ---------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 43-1461763 ---------------------------- ------------------------------------ (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 4551 W. 107th Street, Suite 100, Overland Park, Kansas 66207 ------------------------------------------------------------------------------- (Address of principal executive offices and zip code) (913) 967-4000 ---------------------------------------------------- (Registrant's telephone number, including area code) None ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events On January 23, 2003, Applebee's International, Inc.(the "Company") issued a press release entitled "Applebee's International Enters Into Agreement to Acquire 11 Franchise Restaurants." The press release is included below. FOR IMMEDIATE RELEASE Contact: Carol DiRaimo, Director of Investor Relations (913) 967-4109 APPLEBEE'S INTERNATIONAL ENTERS INTO AGREEMENT TO ACQUIRE 11 FRANCHISE RESTAURANTS OVERLAND PARK, KAN., January 23, 2003 -- Applebee's International, Inc. (Nasdaq:APPB) announced today that it has reached an agreement with Thomas and King, Inc., an existing Applebee's franchisee, to acquire the assets of 11 Applebee's restaurants for $23.2 million in cash at closing, subject to adjustment. The restaurants are located in Illinois, Indiana, Kentucky and Missouri. Lloyd L. Hill, chairman and chief executive officer, said, "Part of our growth strategy is to use our strong balance sheet and substantial free cash flow for franchise acquisitions. These restaurants are contiguous to the St. Louis market that we acquired in 1997, and their addition will provide geographic and operations synergy to our base of company restaurants. Fiscal year 2002 comparable sales for these restaurants were higher than the system average, and average weekly sales were in excess of $44,000. We believe the territory in which these restaurants are located will ultimately support a total of more than 15 Applebee's restaurants. We look forward to welcoming this team of associates and their strong operating culture to Applebee's International." The acquisition of the restaurants is anticipated to close late in the first quarter of 2003, subject to obtaining operating licenses and other third-party consents. The company expects the addition of these restaurants to be slightly accretive to fiscal year 2003 earnings. Thomas and King is currently the largest franchisee in the Applebee's system with 85 restaurants in seven states. Upon completion of the sale, Thomas and King will continue to operate Applebee's restaurants located primarily in Arizona, Kentucky and Ohio. - more - 2 Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar brand, the largest casual dining concept in the world. There are currently over 1,500 Applebee's restaurants operating system-wide in 49 states and nine international countries. Additional information on Applebee's International can be found at the company's website (www.applebees.com). Certain statements contained in this release are forward looking and based on current expectations. There are several risks and uncertainties that could cause actual results to differ materially from those described, including but not limited to the ability of the company and its franchisees to open and operate additional restaurants profitably, the continued growth of its franchisees and its ability to attract and retain qualified franchisees, the impact of intense competition in the casual dining segment of the restaurant industry and its ability to control restaurant operating costs which are impacted by market changes, minimum wage and other employment laws, food costs and inflation. For additional discussion of the principal factors that could cause actual results to be materially different, the reader is referred to the company's current report on Form 8-K filed with the Securities and Exchange Commission on July 16, 2002. The company disclaims any obligation to update these forward-looking statements. # # # 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. APPLEBEE'S INTERNATIONAL, INC. (Registrant) Date: January 23, 2003 By:/s/ Steven K. Lumpkin --------------------- --------------------- Steven K. Lumpkin Executive Vice President and Chief Financial Officer 4 -----END PRIVACY-ENHANCED MESSAGE-----