SUPPLEMENT TO PROXY STATEMENT/PROSPECTUS Rule 424(b)(3)
(Reg. No. 333-38457)
================================================================================
PROXY STATEMENT
FOR
SPECIAL MEETING OF STOCKHOLDERS
OF
CABLE CAR BEVERAGE CORPORATION
TO BE HELD ON NOVEMBER 25, 1997
------------------------------------------------
PROSPECTUS OF
TRIARC COMPANIES, INC.
SHARES OF CLASS A COMMON STOCK,
PAR VALUE $.10 PER SHARE
------------------------------------------------
INTRODUCTION
This Supplement (the "Supplement") amends and supplements the Proxy
Statement/Prospectus, dated October 22, 1997 (the "Proxy Statement/Prospectus"),
of Cable Car Beverage Corporation, a Delaware corporation ("Cable Car"), and
Triarc Companies, Inc., a Delaware corporation ("Triarc"). The Proxy
Statement/Prospectus was distributed to the stockholders of Cable Car in
connection with the solicitation of proxies by the Board of Directors of Cable
Car for use at the Special Meeting of Stockholders of Cable Car (the "Special
Meeting") to be held on Tuesday, November 25, 1997 at 10:00 a.m., local time, at
Norwest Bank Building, 1740 Broadway, Forum Room, Denver, Colorado 80274, or any
adjournments or postponements thereof.
This Supplement should be read in conjunction with the Proxy
Statement/Prospectus and is subject to the restrictions and limitations set
forth in the forepart thereof as though such restrictions and limitations were
set forth in full herein. Capitalized terms used herein and not otherwise
defined shall have the meanings set forth in the Proxy Statement/Prospectus.
Cross references made herein shall be references to the Proxy
Statement/Prospectus as amended and supplemented hereby.
SUMMARY--COMPARATIVE MARKET PRICES AND DIVIDENDS--TRIARC AND CABLE CAR
In the section of the Proxy Statement/Prospectus captioned
"Summary--Comparative Market Prices and Dividends--Triarc and Cable Car" at
pages 19-21, the prices set forth in the table captioned "Cable Car Common
Stock" for fiscal years 1995 and 1997 are the high and low closing bid prices
per share, and for fiscal year 1996 are the high and low sale prices per share,
of Cable Car Common Stock as quoted on the Nasdaq SmallCap Market, rather than
the high and low bid prices per share throughout such periods as indicated in
the text accompanying such table at page 20 of the Proxy Statement/Prospectus.
In addition, the high closing bid price for the 1st quarter of fiscal year 1995
was $1.38, rather than $1.41 as set forth in such table, and the high sale price
for the 3rd quarter of fiscal year 1996 was $2.56, rather than $2.50.
Accordingly, the following tables replace the table captioned "Cable
Car Common Stock" at page 20 of the Proxy Statement/Prospectus. Table A below
sets forth for the periods indicated the high and low CLOSING bid prices per
share of Cable Car Common Stock as quoted on the Nasdaq SmallCap Market. Table B
below sets forth for the periods indicated the high and low SALE prices per
share of Cable Car Common Stock as quoted on the Nasdaq SmallCap Market.
(OVER)
================================================================================
<PAGE>
================================================================================
- -------------------------------------- --------------------------------------
TABLE A TABLE B
HIGH AND LOW CLOSING BID PRICES PER HIGH AND LOW SALE PRICES PER SHARE OF
SHARE OF CABLE CAR COMMON STOCK CABLE CAR COMMON STOCK
HIGH LOW HIGH LOW
FISCAL YEAR 1995 FISCAL YEAR 1995
1st Quarter.......... $ 1.38 $ 1.00 1st Quarter.......... $1.50 $1.00
2nd Quarter.......... 2.00 1.09 2nd Quarter.......... 2.06 1.09
3rd Quarter.......... 1.81 1.38 3rd Quarter.......... 2.06 1.38
4th Quarter.......... 1.66 1.19 4th Quarter.......... 1.78 1.28
FISCAL YEAR 1996 FISCAL YEAR 1996
1st Quarter.......... $ 1.81 $ 1.47 1st Quarter.......... $ 1.88 $ 1.44
2nd Quarter.......... 1.78 1.34 2nd Quarter.......... 1.84 1.25
3rd Quarter.......... 2.38 1.44 3rd Quarter.......... 2.56 1.44
4th Quarter.......... 2.63 2.06 4th Quarter.......... 2.84 2.00
FISCAL YEAR 1997 FISCAL YEAR 1997
1st Quarter.......... $ 2.69 $ 2.09 1st Quarter.......... $ 2.88 $ 2.09
2nd Quarter (1) ..... 3.94 2.16 2nd Quarter (2)...... 4.50 2.16
3rd Quarter.......... 3.56 3.00 3rd Quarter.......... 3.63 2.97
- ---------- ----------
(1) The high and low closing bid (2) The high and low sale prices per
prices per share of Cable Car share of Cable Car Common Stock as
Common Stock as quoted on the quoted on the Nasdaq SmallCap
Nasdaq SmallCap Market between Market between April 1, 1997 and
April 1, 1997 and June 23, 1997, June 23, 1997, the last full
the last full trading day prior to trading day prior to the public
the public announcement of the announcement of the execution of
execution of the Merger Agreement, the Merger Agreement, were $4.50
were $3.94 and $2.16, and $2.16, respectively.
respectively.
- -------------------------------------- --------------------------------------
The date of this Supplement is November 7, 1997.
================================================================================
