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): May 17, 2005
New World Restaurant Group, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware | | 0-27148 | | 13-3690261 |
(State or Other Jurisdiction of
Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification
No.) |
1687 Cole Boulevard
Golden, Colorado 80401
(Address of Principal Executive Offices) (Zip Code)
(303) 568-8000
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
ITEM 5.02 DEPARTURE OF PRINCIPAL OFFICER
Susan E. Daggett, Chief Strategy Officer, left the company effective May 17, 2005. The Company has no current plans to fill the Chief Strategy Officer position.
ITEM 8.01 OTHER EVENTS
In the first quarter of 2005, New World Restaurant Group, Inc. (the Company) announced the engagement of Bear Stearns, investment bankers, to assist in the potential refinancing of the Company’s $160 Million Notes and AmSouth Revolver. Due to the current instability of the high yield market, management of the Company, under advisement from Bear Stearns, has decided that completing a refinancing at this time would not result in the favorable interest savings that were initially contemplated and has suspended further refinancing activity until market conditions improve.
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 hereunto duly authorized.
| NEW WORLD RESTAURANT GROUP, INC. |
| |
Date: May 23, 2005 | /S/ RICHARD P. DUTKIEWICZ | |
| Richard P. Dutkiewicz |
| Chief Financial Officer |
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