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: September 12, 1997
                       (Date of earliest event reported)


                             NATHAN'S FAMOUS, INC.
             (Exact Name of Registrant as Specified in its Charter)





          Delaware                    1-3189              11-3166443
(State of Incorporation)            (Commission        (I.R.S. Employer
                                   File Number)       Identification No.)


1400 Old Country Road, Westbury, New York                     11590
(Address of Principal Executive Offices)                    (Zip Code)


Registrant's telephone number including area code           (516) 338-8500




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    (Former name or former address, if changed since last report.)





Item 5.   Other Events

     In September 1997, Registrant executed and delivered an Extension Agreement
to the employment  agreement  between the  Registrant and Howard M. Lorber,  its
Chairman of the Board.  Such Extension  Agreement  extended to July 16, 2001 the
term of such  employment  agreement.  In  connection  with such  amendment,  the
Registrant  issued to Mr.  Lorber a warrant to  purchase  150,000  shares of the
Company's common stock, $.01 par value.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits

     (c) Exhibits

     10.01     Extension Agreement dated as of July 17, 1997, between Nathan's 
               Famous, Inc. and Howard M. Lorber.

     10.02     Warrant to Purchase 150,000 shares of Common Stock issued to
               Howard M. Lorber dated July 17, 1997.

                                    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, thereunder duly authorized.

                                             NATHAN'S FAMOUS, INC.


                                             By:  /s/ Wayne Norbitz 
                                                  -----------------------
                                                  Wayne Norbitz
                                                  President

Dated:   September 12, 1997






                                  EXHIBIT INDEX

Exhibit        Description


10.01          Extension Agreement dated as of July 17, 1997, between Nathan's
               Famous, Inc. and Howard M. Lorber.

10.02          Warrant to Purchase 150,000 shares of Common Stock issued to
               Howard M. Lorber dated July 17, 1997.