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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: April 1, 1998
CKE RESTAURANTS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13192 33--0602639
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(State or other jurisdiction (Commission (IRS Employer Identification
of incorporation) File Number) Number)
1200 North Harbor Boulevard, Anaheim, California 92801
(Address of principal executive offices)
(714) 774-5796
(Registrant's telephone number, including area code)
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Item 2. Acquisition or Disposition of Assets
On February 19, 1998, CKE Restaurants, Inc. ("CKE") signed a definitive
Stock Purchase Agreement with Advantica Restaurant Group, Inc. and Spartan
Holdings, Inc. regarding a proposed transaction pursuant to which CKE agreed to
purchase from Spartan Holdings, Inc. all of the issued and outstanding shares of
common stock of Flagstar Enterprises, Inc. ("FEI"), an Alabama corporation and
its subsidiaries.
On April 1, 1998, CKE acquired FEI from Advantica's subsidiary, Spartan
Holdings, Inc. for a purchase price of approximately $380,799,699 million in
cash and the assumption of approximately $46 million in certain liabilities.
Such purchase price is subject to adjustment based on changes in the acquired
corporation's working capital.
FEI was the largest franchisee in the Hardee's system, previously
operating 557 Hardee's Restaurants, located primarily in the Southeastern United
States.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
The financial statements required by this Article are not included in
this report and will be filed within 75 days of the closing date by Amendment.
(b) Pro forma Financial Information
The pro forma financial information required by this Article is not
included in this report and will be filed within 75 days of the closing date by
Amendment.
(c) Exhibits
99.A Press Release - April 1, 1998 - CKE Restaurants, Inc. and
Advantica Restaurant Group, Inc. Announce Completion of Purchase
of 557 Hardee's Restaurants from Advantica.
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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.
Dated: April 10, 1998 /s/ CARL A. STRUNK
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Carl A. Strunk
Executive Vice President
Chief Financial Officer
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EXHIBIT INDEX
99.A Press Release - April 1, 1998 - CKE Restaurants, Inc. and
Advantica Restaurant Group, Inc. Announce Completion of Purchase
of 557 Hardee's Restaurants from Advantica.