UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
OCTOBER 6, 2004
PIZZA INN, INC.
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(Exact name of Registrant as specified in its charter)
MISSOURI 47-0654575
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
0-12919
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Commission
File Number
3551 PLANO PARKWAY
THE COLONY, TX 75056 75056
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: (469) 384-5000
(Former name, former address and former fiscal year, if changed since last
report)
ITEM 8.01. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On October 4, the Executive Committee of the Board of Directors of Pizza
Inn, Inc. approved the filing of a complaint against the law firm of Akin Gump
Strauss Hauer & Feld, the company's former counsel, and J. Kenneth Menges, Jr.,
one of the firm's partners. The complaint alleges that the firm, and Mr. Menges,
who provided advice to the company's board of directors and senior management,
breached their fiduciary duties to the company and its shareholders by acting in
concert with the company's former general counsel, B. Keith Clark, and certain
other executive officers to put into place certain employment contracts and
bylaw amendments immediately prior to the company's 2002 annual meeting of
shareholders. The company is currently engaged in arbitration proceedings with
Mr. Clark concerning the severance provisions of his employment agreement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
PIZZA INN, INC.
Date: October 6, 2004 By: /s/ Ronald W. Parker
Ronald W. Parker, Chief Executive Officer