-----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, Kr/dJuVk4JnuLVbaRw3EfMouuuQnoc1Vn5W6yFaCfyPr+GkXVxuQmRk/LE8WNGyc Rn57xvwsduaDgNgwTEJLUA== 0000892569-01-500150.txt : 20010321 0000892569-01-500150.hdr.sgml : 20010321 ACCESSION NUMBER: 0000892569-01-500150 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010320 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CKE RESTAURANTS INC CENTRAL INDEX KEY: 0000919628 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 330602639 STATE OF INCORPORATION: DE FISCAL YEAR END: 0125 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11313 FILM NUMBER: 1572797 BUSINESS ADDRESS: STREET 1: 401 WEST CARL KARCHER WAY CITY: ANAHEIM STATE: CA ZIP: 92801 BUSINESS PHONE: 7147745796 MAIL ADDRESS: STREET 1: 401 WEST CARL KARCHER WAY CITY: ANAHEIM STATE: CA ZIP: 92801 8-K 1 a70650e8-k.txt FORM 8-K 1 ================================================================================ 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): MARCH 20, 2001 --------------- CKE RESTAURANTS, INC. (Exact name of registrant as specified in its charter) DELAWARE 1-13192 33-0602639 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) 401 W. CARL KARCHER WAY, ANAHEIM, CALIFORNIA 92801 (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code: (714) 774-5796 ================================================================================ 2 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS A. Financial Statements None required. B. Exhibits The following are filed as exhibits to this Current Report: 99.1 Press Release dated March 14, 2001 ITEM 9. REGULATION FD DISCLOSURE SALE OF TACO BUENO SUBSIDIARY On March 14, 2001, the Company announced that it had entered into a definitive agreement with Jacobson Partners, a private equity buyout firm, to sell the Company's Taco Bueno subsidiary to Jacobson Partners for $72.5 million (subject to usual closing adjustments). The transaction is expected to close at the end of May, and is subject to final resolution of schedules to the stock purchase agreement, customary closing conditions and the buyer obtaining the balance of its financing. SIGNATURE 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. CKE RESTAURANTS, INC. Date: March 20, 2001 By: /s/ MICHAEL MURPHY ----------------------------- Michael Murphy General Counsel 2 3 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99.1 Press Release dated March 14, 2001 EX-99.1 2 a70650ex99-1.txt EXHIBIT 99.1 1 EXHIBIT 99.1 PRESS RELEASE NEWS RELEASE CONTACTS: For CKE Restaurants, Inc. Loren Pannier Senior Vice President, Investor Relations (714) 778-7109 For Jacobson Partners Murry N. Gunty General Partner (212) 758-4500 CKE RESTAURANTS, INC. ANNOUNCES PURCHASE AGREEMENT TO SELL TACO BUENO ANAHEIM, Calif. - March 14, 2001 - CKE Restaurants, Inc. (NYSE:CKR) announced today that it has signed a purchase agreement with an affiliate of Jacobson Partners, a private equity buyout firm, to purchase its Taco Bueno subsidiary for $72.5 million, subject to certain adjustments to be determined at the time of closing. The transaction is expected to close at the end of May, and is subject to final resolution of schedules to the stock purchase agreement, customary closing conditions and the buyer obtaining the balance of its financing. "Taco Bueno is a great brand," said Andrew F. Puzder, CKE's president and chief executive officer. "Nevertheless, what Taco Bueno needs now is the ability to grow company restaurants and potentially develop a franchise program. With our focus on the Hardee's turnaround and debt reduction, we believe the sale of Taco Bueno at this time serves its interest as well as CKE's." "We are very excited about the opportunity to acquire Taco Bueno and believe there are significant opportunities ahead for this emerging brand," said Murry N. Gunty, general partner of Jacobson Partners. "Taco Bueno has strong operating fundamentals and excellent market penetration in existing markets. This transaction continues our highly successful strategy of purchasing non core divisions of large public and private corporations." Praetorian Group was involved in the negotiation of the transaction. CKE Restaurants, Inc., through its subsidiaries, franchisees and licensees, operates more than 3,700 quick-service restaurants, including 977 Carl's Jr. restaurants in 13 Western states and Mexico; 2,660 Hardee's restaurants in 37 states and 11 foreign countries; and 125 Taco Bueno restaurants in Texas and Oklahoma. Jacobson Partners is a 20-year-old private equity investment firm with interests in companies in a broad range of industries, including restaurants, health care, and manufacturing. Current investments include Bertucci's, Conforma Clad, Childtime Learning Centers, FPC, Inc. and GEM Products. Statements that are not historical facts contained in this release are forward-looking statements that involve risk and uncertainties, and actual results could vary materially from the descriptions contained herein due to many factors, including, but not limited to: product demand and market acceptance risks; the effect of economic conditions; the impact of competitive products and pricing; the results of financing efforts; the effect of the Company's accounting policies and other risk detailed in the Company's filings with the Securities and Exchange Commission. # # # -----END PRIVACY-ENHANCED MESSAGE-----