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 30, 1996
STOICO RESTAURANT GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-5488-D 48-1177558
(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
3151 North Rock Road, Wichita, Kansas 67226
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:: (316) 636-5776
N/A
(Former name or former address, if changed since last report.)
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS:
Timothy J. Jeffrey, a director and the President and Chief
Executive Officer of Stoico Restaurant Group, Inc. resigned to
pursue other interests.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS:
(c) Exhibits
1 Form of Press Release Regarding Resignation of Timothy J.
Jeffrey
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.
STOICO RESTAURANT GROUP, INC.
/s/ Louis Stoico, Jr.
____________________________________
Louis Stoico, Jr., Chairman of the
Board
Date: January 2, 1997
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT
1 Form of Press Release Regarding Resignation of
Timothy J. Jeffrey dated December 31, 1996
<PAGE>
Exhibit 1
WICHITA, Kan., Dec. 31 -- Stoico Restaurant Group, Inc., (OTC Pink
Sheets: SRGI) announced today that Timothy J. Jeffrey, its president, chief
executive officer and a member of its board of directors, has resigned to
pursue other interests.
"Tim's decision was a personal one and we wish him and his family well,"
- - said Louis Stoico, Jr., the company's chairman. "Our recently concluded
stock offering and the depth of our management team will allow us to continue
to execute our operational and growth plans. We will proceed with an orderly
assessment of our senior management needs in light of Tim's departure, but we
intend to proceed with our operations and remain on schedule with our
development efforts."
Stoico Restaurant Group sold 1.4 million shares at $7.50 in an initial
public offering that was concluded on Dec. 18. Its stock trades in the Over-
the-Counter Pink Sheets with the symbol "SRGI."
The company operates and franchises quick-serve Italian casual dining
restaurants under the name "Spaghetti Jack's (RM)," of which there are
currently eight company-owned and six franchised restaurants. It also
operates and franchises quick-service sandwich shops under the "Sub & Stuff
(RM)" name, with 19 company-owned and two franchised restaurants currently in
operation. The company, headquartered in Wichita, opened its first sandwich
shops in 1977 and opened the first Spaghetti Jack's in 1991.
