SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) October 22, 2001
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TAM RESTAURANTS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-23757 13-3905598
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
formation)
1163 Forest Avenue, Staten Island, New York 10310
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (718) 273-2532
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(Former name or former address, if changed since last report)
Item 5. Other Events
On October 22, 2001 the Registrant announced today that the Board of Directors
has accepted the resignations of Luke Johnson, Ken Harris, Jeanne Cretella, and
Frank Cretella as members of the Board of Directors of the Company. The Board
has also accepted the official resignations of Mr. Cretella as CEO of the
Company and Mr. Harris as Chairman of the Board.
TAM also announced that Anthony Golio has been named Chief Executive Officer and
Chairman of the Board of Directors, and continues in his capacity as CFO.
None of the resigning directors provided the Registrant with notice of a
disagreement with the Registrant on any matter relating to the registrant's
operations, policies or practices, and/or requesting that the matter be
disclosed.
The information contained in the press release is incorporated herein by
reference and filed as Exhibit 99.1 hereto.
Exhibit Index
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Exhibit No.
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99.1 Press release dated October 22, 2001
Signatures:
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed by the undersigned duly
authorized.
TAM Restaurants, Inc.
(Registrant)
10/24/01 /s/ Anthony Golio
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Date Anthony Golio, President
EXHIBIT 99.1
Monday October 22, 3:06 pm Eastern Time
Press Release
SOURCE: TAM
TAM Restaurants, Inc. Announces Changes to Board
NEW YORK--(BUSINESS WIRE)--Oct. 22, 2001--TAM Restaurants, Inc. (OTCBB: TAMR -
news) announced today that the Board of Directors has accepted the resignations
of Luke Johnson, Ken Harris, Jeanne Cretella, and Frank Cretella as members of
the Board of Directors of the Company. The Board has also accepted the official
resignations of Mr. Cretella as CEO of the Company and Mr. Harris as Chairman of
the Board.
TAM also announced that Anthony Golio has been named Chief Executive Officer and
Chairman of the Board of Directors, and continues in his capacity as CFO.
Anthony Golio, TAM's President and CEO, commented "Unfortunately, given economic
conditions and recent tragic events, several members of the Board are unable to
continue to serve the Company. We hope to add two new members to the board of
directors in the near future who can assist the Company in achieving its return
to profitability and growth. We look forward to the continued growth of Lundy
Bros. in Times Square, especially with the recent grand opening on Broadway of
Mama Mia."
Certain statements in this press release constitute "forward-looking statements"
with the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve a number of known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, but are not limited to, risks
relating to the Company's ability to negotiate new leases, the opening of new
restaurants, the Company's capital requirements, availability of financing,
continued popularity of existing and new restaurants, seasonality and other
risks detailed in the Company's filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the statement was
made.
TAM Restaurants, Inc. operates Lundy Bros. Restaurant in Brooklyn, NY; Lundy
Bros. Restaurant in Times Square Manhattan; and American Park at the Battery in
New York's Historic Battery Park. TAM is a public company traded on the OTCBB
market under the symbol TAMR.
For further information or to arrange an interview please contact Anthony B.
Golio, President at 718-273-2532 ext 12.
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Contact:
TAM Restaurants, Inc.
Anthony Golio, 718-273-2532 ext. 12
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