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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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) July 26, 2000
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FRISCH'S RESTAURANTS, INC.
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(Exact name of registrant as specified in its charter)
OHIO
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(State or other jurisdiction of incorporation or organization)
1-7323 31-0523213
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(Commission File Number) (I.R.S. Employer 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.
See attached press release.
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SIGNATURE
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.
FRISCH'S RESTAURANTS, INC.
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(registrant)
DATE July 27, 2000
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BY /s/ DONALD H. WALKER
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Donald H. Walker
Vice President - Finance and
Principal Financial Officer
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Company Contact:
Donald H. Walker Bill Roberts, CTC
Vice President-Finance and CFO (937) 434-2700
Frisch's Restaurants, Inc. Ken Paneral, CTC
(513) 559-5202 (847) 729-8521
Frisch's Adds Cleveland and Toledo to Its
Golden Corral Development Plans
FOR IMMEDIATE RELEASE
Cincinnati, OH--July 26, 2000, Frisch's Restaurants, Inc. (Amex: FRS)
and Golden Corral Franchising Systems, Inc. announced today that they have
signed an area development agreement whereby Frisch's will open and operate
fifteen Golden Corral restaurants during the next seven years in the Cleveland
and Toledo, Ohio markets. The agreement calls for the first two restaurants to
be opened in 2001. This brings to 40 the number of Golden Corral restaurants
that Frisch's has agreed to own and operate.
Craig F. Maier, President and CEO of Frisch's said, "The success we
have had with our first five Golden Corrals in the Cincinnati market made our
decision to seek additional territory for development an easy one. We look
forward to continuing our fine working relationship with the people at Golden
Corral."
Theodore M. Fowler, Jr., President and CEO of Golden Corral Corporation
said, "We're confident the new Golden Corrals in the Cleveland and Toledo
markets will be highly successful, because the management group at Frisch's
Restaurants, Inc. is very experienced and will apply the same high operating
standards that have been shown in their Cincinnati units. I'm most impressed
with Frisch's CEO Craig Maier, Todd Rion, their director of operations, and the
entire management team. Golden Corral is proud to have Frisch's in our system."
Golden Corral, with headquarters in Raleigh, North Carolina, is the
leading restaurant chain in the grill-buffet segment of the restaurant industry,
ranking first in systemwide sales, market share and growth in the number of U.S.
units according to the June, 2000 Nation's Restaurant News Top 100 survey.
Golden Corral, whose menu features steaks and a wide variety of buffet items,
opened its first restaurant in 1973, and currently operates and franchises a
total of 452 restaurants located in 38 states.
Frisch's Restaurants, Inc. operates 88 family-style restaurants under
the name of Frisch's Big Boy in Indiana, Kentucky and Ohio and licenses another
37 restaurants to other Big Boy operators. The Company owns and operates five
Golden Corral restaurants in greater Cincinnati, with plans to develop 20 more
in the Cincinnati, Louisville and Dayton markets. The Company will also operate
(until they are sold) two high-rise hotels with banquet facilities and dining
rooms in metropolitan Cincinnati. Frisch's has recorded positive net earnings
for all 40 years the Company has been public and has paid 158 consecutive
quarterly cash dividends.
