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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 27, 1996
CKE RESTAURANTS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-13192 33-0602639
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1200 North Harbor Boulevard, Anaheim, California 92801
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (714) 774-5796
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On August 27, 1996, CKE Restaurants, Inc. (the "Company") entered into
a Stock Purchase Agreement (the "Purchase Agreement") with Casa Bonita Holdings,
Inc., a Delaware corporation and indirect wholly-owned subsidiary of Unigate PLC
("Seller"), pursuant to which the Company will acquire from the Seller all of
the issued and outstanding shares of capital stock of Casa Bonita Incorporated
("Casa Bonita").
Casa Bonita, based in Dallas, Texas, owns and operates the "Taco Bueno"
concept in the Mexican food segment of the quick-service restaurant market, with
109 Taco Bueno restaurants located in Texas and Oklahoma. Casa Bonita also
operates two full-service "Casa Bonita" Mexican food restaurants and three
"Crystal's" pizza restaurants.
The Purchase Agreement provides for the purchase and sale of Casa
Bonita for a purchase price of $42,000,000 (subject to adjustment). It is
anticipated that the Company will finance the acquisition of Casa Bonita through
a combination of cash on hand and borrowings available under existing credit
facilities; provided, however, that the Company may seek additional debt and/or
equity financing from third parties in order to complete the acquisition.
Completion of the transaction is subject to certain standard closing
conditions, including the receipt of approvals from applicable regulatory
agencies.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibits are filed as part of this report.
Exhibit Number Description
10.1 Stock Purchase Agreement, dated as of August 27,
1996, by and between the Company and Casa Bonita
Holdings, Inc. *
99.1 Press Release issued by the Company on August 28,
1996.
* Schedules omitted. The Registrant shall furnish
supplementally to the Securities and Exchange
Commission a copy of any omitted schedule upon
request.
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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.
CKE RESTAURANTS, INC.
Date: September 5, 1996 By: /s/ JOSEPH N. STEIN
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Joseph N. Stein,
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Sequentially
Exhibit Number Description Numbered Page
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10.1 Stock Purchase Agreement, dated as of
August 27, 1996, by and between the Company
and Casa Bonita Holdings, Inc. *
99.1 Press Release issued by the Company
on August 28, 1996.
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* Schedules omitted. The Registrant shall furnish supplementally to the
Securities and Exchange Commission a copy of any omitted schedule upon
request.