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 25,
1996 (July 17, 1996)
HUDSON'S GRILL OF AMERICA, INC.
(Exact name of Registrant as specified in its Charter)
California
(State or other jurisdiction of incorporation)
0-13642
(Commission or File Number)
95-3477313
(IRS Employer Identification Number)
16970 Dallas Parkway, Suite 402, Dallas, Texas 75248
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
(214) 931-9743
<PAGE>
Item 5. Other Events.
Hudson's Grill of America, Inc. (the "Company"), a
California corporation based in Dallas, Texas, announced that
on July 17, 1996, the sale of its Hornblowers restaurant in
Ventura's Harbor in Ventura, California, had closed. Kian
Farzadam, an individual who has been cojoint venturer of the
restaurant for several years, purchased the restaurant.
Hornblowers has been owned by Hudson's or operated as a joint
venture with the Company for many years; however, the
restaurant uses a theme that is different from the Hudson's
Grills franchised by the Company.
The purchase price for Hornblowers was $300,000, of which
$6,000 was paid in cash and $294,000 was paid in the form of
a secured promissory note. The note is payable over 48
months, and the interest rate is nine percent or prime plus
two percent, whichever is greater. As part of the sale, the
buyer has assumed all liabilities and taxes owed by the joint
venture that has operated the restaurant since 1993. The
Buyer has also assumed the obligations of the lease for the
premises where Hornblowers is located.
<PAGE>
Item 7. Exhibits.
1. Press Release dated July 25, 1996, regarding the
sale of Hornblowers to Kian Farzadam.
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.
Date: July 25, 1996
HUDSON'S GRILL OF AMERICA, INC.
Registrant
s/s David L. Osborn
David L. Osborn
f\sec\960725.O01
EXHIBIT 1
Hudson's Grill of America, Inc.
16970 Dallas Parkway, Suite 402
Dallas,TX 75248-1928
For Immediate release
Contact: Thomas A.Sacco
214-931-9237
HUDSON'S GRILL CLOSES ON SALE OF
VENTURA, CALIFORNIA RESTAURANT
Hornblowers Restaurant and Comedy Club Sells in
Ventura, Caltfornia
FOR IMMEDIATE RELEASE
Dallas, TX - Hudson's Grill of Arnerica, Inc.
("Hudson's"), a Dallas, Texas, based publicly traded
company, announced that the sale of its Hornblowers
restaurant in Ventura's Harbor in Ventura, California, had
closed. Kian Farzadam, an individual who has been cojoint
venturer of the restaurant for several years, purchased
the restaurant. Hornblowers has been owned by Hudson's or
operated as a joint venture with the company for many
years; however, the restaurant uses a theme that is
different from the Hudson's Grills franchised by the
company.
The purchase price was $300,000, of which $6,000 was paid
in cash and $294,000 in the form of a Secured Promissory
Note. Closing took place July 17, 1996. The note is
payable over 48 months and the interest charged is nine
percent or prime plus two percent, whichever is greater.
As part of the sale, the buyer has assumed all liabilities
and taxes owed by the joint venture that has operated the
restaurant since 1993. The Buyer has also assumed the
lease for the premises where Hornblowers is located.
