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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) October 2, 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 October 5, 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
FOR IMMEDIATE RELEASE
Frisch's Announces Renewal of Its Stock Repurchase Program
Cincinnati, OH--October 2, 2000 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. The
program replaces a similar plan that expired today. Purchases will be made on
the open market from time to time within the next two years.
"Our previous stock repurchase program provided our long-term shareholders an
excellent return on their investment," said Craig F. Maier, president and CEO.
"We continue to believe that the true value of Frisch's stock is not being
reflected in its share price. The earnings potential and relative equity value
in comparison to book value of the stock continues to make its repurchase one of
the best investments the Company can make at this time."
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 also operates seven Golden
Corral restaurants and intends to own and operate a total of 40 in the
Cincinnati, Cleveland, Dayton, Louisville and Toledo markets. In addition, the
Company operates the two hotels mentioned above in metropolitan Cincinnati where
it is based. Frisch's has recorded positive net earnings for all 40 years the
Company has been public and has paid 159 consecutive quarterly dividends.
Statements contained in this press release which are not historical facts are
forward looking statements as that item is defined in the Private Securities
Litigation Act of 1995. Such forward looking statements are subject to risks and
uncertainties which could cause actual results to differ materially from
estimated results. Such risks and uncertainties are detailed in the Company's
filings with the Securities and Exchange Commission.
