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UNITED STATES
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 (Date of earliest event reported) September 4, 1998
SCHLOTZSKY'S, INC.
(Exact name of registrant as specified in its charter)
TEXAS 0-27008 74-2654208
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification Number)
203 Colorado Street
Austin, Texas 78701
(Address of principal executive offices)
(512) 236-3600
(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On September 4, 1998, Registrant issued the following press release:
SCHLOTZSKY'S, INC. ANNOUNCES BUY BACK OF SHARES
September 4, 1998, Austin, TX -- Schlotzsky's, Inc. (NASDAQ:
BUNZ) today announced that its Board of Directors has
approved the repurchase by the Company of up to 380,000
shares of its common stock (approximately 5% of its
outstanding shares) in the open market or in negotiated
private transactions. The decision to repurchase Company
stock will be based on its availability and price and will
be subject to the discretion of management.
Schlotzsky's, Inc., founded in Austin, Texas, in 1971, is a
franchisor of quick service restaurants featuring made to
order sandwiches served on distinctive sourdough bread,
along with pizzas, salads, and soups. The Company previously
announced that as of June 30, 1998, there were 722
restaurants in the chain, operating in 38 states and 16
foreign countries.
On September 18, 1998, the Company acquired 10,000 shares in a block
transaction pursuant to an unsolicited offer.
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SIGNATURE
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 thereunto duly authorized.
SCHLOTZSKY'S, INC.
By: /s/ John C. Wooley
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John C. Wooley, President
and Chief Executive Officer
By: /s/ Monica Gill
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Monica Gill
Chief Financial Officer
Austin, Texas
September 18, 1998
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