UNITED STATES
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
Date of Report (Date of earliest event reported) OCTOBER 21, 2000
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TAM RESTAURANTS, INC.
(Exact name of registrant as specified in charter)
DELAWARE 0-23757 13-3905598
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1163 FOREST AVENUE, STATEN ISLAND, NEW YORK 10310
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (718) 720-5959
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_________________________________N/A___________________________________
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On October 21, 2000, the Registrant issued and sold $500,000
principal amount of the Registrant's convertible debentures to Peter Salvatore
(a member of the Board of Directors of the Registrant) pursuant to a Convertible
Debenture Stock Purchase Agreement dated as of October 21, 2000.
The debentures were issued pursuant to the exemption from the
registration requirements of the Securities Act provided by Section 4(2) of the
Securities Act and Rule 506 of Regulation D promulgated by the SEC under that
Section. The Company has agreed to file a registration statement for the resale
of the shares of Common Stock underlying the debenture.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
4.1 Form of Convertible Debenture Purchase Agreement dated
as of October 21, 2000 with exhibits.
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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 thereunto duly authorized.
TAM RESTAURANTS, INC.
Dated: November 6, 2000 By: /s/ Anthony Golio
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Anthony Golio
President
