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 ACT OF 1934
FRISCH'S RESTAURANTS, INC.
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(Exact Name of Registrant as Specified in its Charter
OHIO 1-7323 31-0523213
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2800 GILBERT AVENUE, CINCINNATI, OHIO 45206
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 513-961-2660
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ITEM 5. OTHER EVENTS
On October 5, 1998, the Board of Directors of Frisch's Restaurants,
Inc. (the "Company") approved a program to repurchase up to 500,000 shares of
the Company's common stock on the open market from time to time over the next
two years. The press release dated October 5, 1998 announcing the stock
repurchase program is attached hereto as Exhibit 1 and incorporated herein by
reference.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FRISCH'S RESTAURANTS, INC.
Dated: October __, 1998 By:_________________________________
DONALD H. WALKER, Chief Financial
Officer
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EXHIBIT 1
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SUMMARY:
Frisch's Announces Stock
Repurchase Program
COMPANY CONTACT:
Donald H. Walker
Vice President-Finance and CFO
Frisch's Restaurants, Inc.
(513) 559-5202
FOR IMMEDIATE RELEASE
Cincinnati, Ohio, October 5, 1998
Frisch's Restaurants, Inc. (American Stock Exchange: FRS) announced
today that the Company's board of directors has approved a program to repurchase
up to 500,000 shares of its common stock. Purchases will be made on the open
market from time to time within the next two years.
"At current market levels, we do not believe that the true value of
Frisch's stock is being reflected in its share price," said Craig F. Maier,
president and CEO. "The earnings potential and relative equity value in
comparison to book value of the stock makes it one of the best investments the
Company can make at this time. This action by our board of directors reflects
the confidence it has in the future earnings capability of Frisch's."
Frisch's operates and licenses family restaurants, some with drive-thru
service, under the name Frisch's Big Boy. These operations are located in Ohio,
Indiana, and Kentucky. The Company also operates two Quality Hotels with
restaurants in metropolitan Cincinnati, where it is headquartered. In addition,
the Company recently broke ground for construction of the first of twenty-three
Golden Corral restaurants it intends to own and operate in the Cincinnati,
Dayton and Louisville markets.
