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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): December 11, 1997
CASA OLE RESTAURANTS, INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
TEXAS 0-28234 76-0493269
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
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1135 Edgebrook
Houston, Texas 77034
(Address of principal executive offices)
(713) 943-7475
(Registrant's Telephone No.)
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired. Not applicable.
(b) Pro forma financial information. Not applicable.
(c) Exhibits.
99 Press release issued by Casa Ole Restaurants, Inc.,
dated December 16, 1997.
ITEM 8. CHANGE IN FISCAL YEAR.
Casa Ole Restaurants, Inc. (the "Company") will change the Company's
fiscal year from a fiscal year ending on the last Friday in December to a fiscal
year ending on the Sunday nearest December 31st. To accommodate this fiscal
year-end change the Company's 1997 fiscal year-end is also being changed from
Friday, December 26, 1997, to Sunday, December 28, 1997. In addition the Company
will change its fiscal quarters, beginning in 1998, to four thirteen week
quarters. The purpose of these changes is to adopt a quarterly schedule that
more closely patterns calendar quarters. This will synchronize the accounting
periods of Casa Ole Restaurants, Inc. and Monterey's Acquisition Corporation,
which was purchased by the Company July 2, 1997. Furthermore, management feels
that a weekly Sunday close allows for greater management focus. Accordingly, the
Company's Form 10-K report for the fiscal year ending December 28, 1997, shall
constitute the form on which the report covering the transition period shall be
filed.
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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.
CASA OLE RESTAURANTS, INC.
Date: December 16, 1997 By: /s/ Andrew J. Dennard
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Andrew J. Dennard
Vice President and Controller
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EXHIBIT INDEX
Exhibit
Number Description
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99 Press Release issued by the
Registrant, dated December 16, 1997.
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EXHIBIT 20
FOR IMMEDIATE RELEASE
Contact: Casa Ole Restaurants, Inc.
Louis P. Neeb
(972) 934-1928
Casa Ole Restaurants, Inc.
Change in Fiscal Year & Inside Stock Purchase
(NASDAQ:CASA)
Houston, Texas (December 16, 1997)--Casa Ole Restaurants, Inc. (the "Company")
today announced that it will change the Company's fiscal year from fiscal year
ending on the last Friday in December to a fiscal year ending on the Sunday
nearest December 31st. To accommodate this fiscal year-end change the Company's
1997 fiscal year-end is also being changed from Friday, December 26, 1997, to
Sunday, December 28, 1997. In addition the Company will change its fiscal
quarters, beginning in 1998, to four thirteen week quarters. The purpose of
these changes is to adopt a quarterly schedule that more closely patterns
calendar quarters. This will synchronize the accounting periods of Casa Ole
Restaurants, Inc. and Monterey's Acquisition Corporation, which was purchased
by the Company on July 2, 1997. Furthermore, management feels that a weekly
Sunday close allows for greater management focus.
The Company also announced today that the Chief Executive Officer, certain
officers and directors, and affiliates of directors purchased a total of 54,200
shares of Casa Ole Restaurants, Inc. stock on December 5, 1997.
Casa Ole Restaurants, Inc. operates and franchises 80 Mexican restaurants
featuring certain elements associated with the casual dining experience. The
current system includes 31 franchised Casa Ole's and 49 Company-owned units (two
of which is a Market Partner restaurant), comprised of 43 neighborhood Mexican
restaurants (22 Casa Ole's and 21 Monterey's Tex-Mex Cafes) and six casual
dining Mexican restaurants (two Little Mexico's and four Tortuga's).
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