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: October 2, 1998
CAFETERIA OPERATORS, L.P.
(Exact name of registrant as specified in charter)
Delaware 333-4578 75-2186655
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
6901 Quaker Avenue, Lubbock, Texas 79413
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (806) 792-7151
Not applicable
(Former name or former address, if changed since last report)
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CAFETERIA OPERATORS, L.P.
ITEM 5. OTHER EVENTS
Cafeteria Operators, L.P. (the "Partnership") is an indirect wholly owned
subsidiary of Furr's/Bishop's, Incorporated (the "Company"). The Company is
the sole general partner and a limited partner of the Partnership.
On September 30, 1998, the Company announced the appointment of Phillip
Ratner to the position of President and Chief Executive Officer. Mr. Ratner's
compensation will include $300,000 annual base salary, participation in the
Company's executive bonus plan and other executive benefit programs, and stock
options to purchase 750,000 shares of the Company's common stock, vesting over
five years.
The board of directors of the Company increased the size of the board by
one and elected Mr. Ratner to fill the newly created opening.
The Company also announced a $20 million capital expenditure program for
the renovation of existing restaurants of the Partnership and the construction
of new restaurants.
The Company also announced plans for the relocation of its corporate
headquarters from Lubbock, Texas to the Dallas area in the Spring of 1999. See
press release filed herewith as Exhibit No. 99.1 (incorporated by reference
from Furr's/Bishop's, Incorporated's Form 8-K dated October 2, 1998).
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CAFETERIA OPERATORS, L.P.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
10.1 Employment Agreement, dated as of September 27, 1998,
between Furr's/Bishop's, Incorporated and Phillip Ratner,
incorporated by reference from Furr's/Bishop's,
Incorporated's Form 8-K dated October 2, 1998.
10.2 Indemnification Agreement, dated as of September 27, 1998
between Furr's/Bishop's, Incorporated and Phillip Ratner,
incorporated by reference from Furr's/Bishop's,
Incorporated's Form 8-K dated October 2, 1998.
10.3 Nonqualified Stock Option Agreement, effective as of
September 16, 1998, between Furr's/Bishop's, Incorporated
and Phillip Ratner, incorporated by reference from
Furr's/Bishop's, Incorporated's Form 8-K dated October 2,
1998.
99.1 Press Release, issued September 30, 1998, incorporated by
reference from Furr's/Bishop's, Incorporated's Form 8-K
dated October 2, 1998.
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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.
CAFETERIA OPERATORS, L.P.
By: Furr's/Bishop's, Incorporated
General Partner
By: /s/ Alton R. Smith
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Alton R. Smith, Executive Vice President
and Secretary
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