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): April 16, 1998
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FAST FOOD OPERATORS, INC.
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(Exact Name of Registrant as Specified in Charter)
0-10213
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(Commission File Number)
New York 13-2974867
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(State or Other Jurisdiction (I.R.S. Employer
of Incorporation) Identification Number)
42-40 Bell Boulevard
Bayside, New York 11361
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code:(718) 229-1113
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. Other Events.
On April 16, 1998, Fast Food Operators, Inc., a New York
corporation (the "Company") received a verbal offer to purchase
substantially all of its assets. The offer, in the amount of
$900,000 for four of the Company's restaurants, was made by Gary
Monie, a former Vice President of the Company. Since resigning this
position in the fall of 1995, Mr. Monie has continued to provide
restaurant operation supervisory services for the Company, as a
consultant. The offer contemplates that if ultimately consummated,
the purchase will be made by a limited liability company of which
Mr. Monie will be a managing member.
Any sale by the Company of substantially all of its assets
is subject to certain conditions, including acceptance of the
offer, execution of a definitive asset purchase agreement and the
approval of the board of directors and shareholders of the
Company. Such approval by the shareholders will require the
Company to prepare and file a proxy statement with the Securities
and Exchange Commission.
ITEM 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
EXHIBITS
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Designation Description Method of Filing
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Exhibit 20 News release dated Filed with this
April 29, 1998 Report
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.
Fast Food Operators, Inc.
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(Registrant)
April 29, 1998 By:
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Name: Lewis E. Topper
Title: President
EXHIBITS INDEX
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DESIGNATION DESCRIPTION PAGE
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Exhibit 20 News release dated
April 29, 1998
For: Fast Food Operators, Inc.
42-40 Bell Boulevard, Suite 200
Bayside, New York 11361
Company Contact: Daniel A. Poganski, Secretary
FOR IMMEDIATE RELEASE
FAST FOOD OPERATORS, INC. ANNOUNCES OFFER TO PURCHASE
SUBSTANTIALLY ALL OF ITS ASSETS
Bayside, NY. April 29, 1998. Fast Food Operators, Inc.
(NASDAQ: POPI) (the "Company") today announced that it has
received a verbal offer to purchase substantially all of its
assets. The offer, in the amount of $900,000 for four of the
Company's restaurants, was made by Gary Monie, a former
Vice President of the Company. Since resigning this position
in the fall of 1995, Mr. Monie has continued to provide
restaurant operation supervisory services for the Company, as
a consultant.
Any sale by the Company of substantially all of its
assets is subject to certain conditions, including
acceptance of the offer, execution of a definitive asset
purchase agreement and the approval of the board of
directors and shareholders of the Company. Such approval by
the shareholders will require the Company to prepare and
file a proxy statement with the Securities and Exchange
Commission.
