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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): November 3, 2000
SHONEY'S, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 0-4377 62-0799798
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
1727 Elm Hill Pike, Nashville, TN 37210
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (615) 391-5201
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ITEM 5. OTHER EVENTS.
The New York Stock Exchange (the "NYSE"), on which the common stock and
liquid yield option notes due April 11, 2004 of Shoney's, Inc. (the
"Company") had traded prior to July 12, 2000, has notified the Company that
it had rejected the Company's appeal of its earlier decision to commence
delisting proceedings with regard to such securities. Trading in the
Company's securities has been suspended by the NYSE since before the opening
of business on July 12, 2000 when the NYSE staff notified the Company that it
intended to commence delisting proceedings. The notification stated that the
Company failed to meet the NYSE's continued listing criteria relating to
total market capitalization (minimum of $50 million) and stockholders' equity
(minimum of $50 million). In addition, the Company earlier this year fell
below the required 30-trading day average share price.
Since July 12, 2000 Shoney's common stock has been traded on the Over-
the-Counter Bulletin Board (the "OTCBB"). The OTCBB is a regulated quotation
service that offers real-time quotes, last sales prices and volume
information in over-the-counter equity securities.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
None.
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.
SHONEY'S, INC.
Dated: November 7, 2000 By: /s/ James M. Beltrame
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James M. Beltrame
Chief Financial Officer