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): April 2,
1998 (January 20, 1998)
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:
(972) 931-9237
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Item 5. Other Events.
Hudson's Grill of America, Inc. (the "Company"), a California
corporation based in Dallas, Texas, announced that on March it had
signed a new franchise agreement with Sharfe, L.L.C. to build a
Hudson's Grill in Marquette, Michigan, and has already received a
franchise fee from Sharfe. Sharfe's principals are Frank Stabile
and Jim Stabile. Frank Stabile operates a construction company
and is a franchisee of two hotel chains. Jim Stabile is Frank
Stabile's nephew and has experience in business and foodservice.
Sharfe plans to build a freestanding Hudson's Grill restaurant.
On March 17, 1998, the Company's directors met and decided to hold
the Company's annual meeting on May 22, 1998, and to set April 17,
1998, as the record date to determine the shareholders entitled to
vote shares. The directors also decided to ask for a shareholder
vote to ratify the transfer of assets to Hudson's Grill
International, Inc.; to recommend a vote to register the shares of
Hudson's Grill International; and then to distribute the shares to
the shareholders of the Company. At the present time, the
Company's current directors have agreed to run again for another
term.
On January 20, 1998, the Company formed a subsidiary, Hudson's
Grill of Denton/Trinity, Inc., to operate the Carrollton, Texas,
Hudson's Grill on a month to month basis. Alternate Technologies
International, Inc., and the landlord of the premises repossessed
the equipment and the premises and agreed with the Company to
allow the Company's subsidiary to operate the Carrollton location.
The former operator had also been in arrears to the Company.
The Company also announced that construction on its Richardson,
Texas, Hudson's Grill, which had been delayed because of rain and
because of the landlord's inability to obtain approval to move a
fire hydrant needed to begin framing of the restaurant, had now
begun. The restaurant is currently scheduled to open in the
Summer. Hudson's Grill of Whittier, Inc., a subsidiary that
operated the Westlake, California, Hudson's Grill, shut down
operations at the Westlake location and turned the premises and
furniture, non-proprietary fixtures and equipment over to the
landlord on March 9, 1998. Also, the Guatemala City, Guatemala,
Hudson's Grill was closed in February 1998 by the local franchisee
because of insufficient sales.
Item 7. Exhibits.
1. Press Release dated April 2, 1998, regarding the
agreement with Sharfe, L.L.C., for a new franchise in Marquette,
Michigan, and regarding the directors actions and status of
certain franchises.
<PAGE>
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: April 2, 1998
HUDSON'S GRILL OF AMERICA, INC.
Registrant
s/s David L. Osborn
David L. Osborn
f\sec\980402.O01
<PAGE>
EXHIBIT A
Hudson's Grill of America, Inc. For Immediate Release
16970 Dallas Parkway Contact: Thomas A. Sacco
Suite # 402 Telephone: 972-931-9237
Dallas, Texas 75248-1928 e-mail: [email protected]
Hudson's Grill Announces Another
Franchise Sold in Michigan
Marquette to Become the Second Hudson's Grill Restaurant
to Open in Michigan in 1998
Thursday, April 2, 1998
Dallas, TX -- Hudson's Grill of America, Inc., based in Dallas,
Texas, announced today that a single unit Franchise Agreement for
Marquette, Michigan was recently signed. The "late 50's and early
60's", Rock 'n' Roll, small town "Hard Rock Cafe" style, casual
restaurant and bar operator and franchiser stated that this second
franchise strengthens its presence in Michigan, and is a sign of
the commitment Hudson's Grill has made to expanding its concept
nationally into secondary and tertiary markets.
The single unit Franchise Agreement was signed with SHARFE,
L.L.C., and Frank Stabile and Jim Stabile, as principals. Frank
Stabile, is an extremely successful independent businessman in the
Marquette, Michigan area. Frank is currently a franchisee of two
national hotel chains, as well as, operating a very successful
construction company in the Upper Peninsula of Michigan. Jim
Stabile, Frank's nephew, will be the operator of the Hudson's
Grill restaurant. Jim brings a very successful business and
foodservice career with him to lead the opening and the ongoing
development of Hudson's Grill in Marquette.
"Frank Stabile was very thorough in researching many casual style
and family style restaurant franchises before settling on Hudson's
Grill," stated Mr. Sacco, senior vice president of Hudson's Grill
of America. "As a matter of fact," continued Mr. Sacco, "Frank and
Jim have spent over 15 months looking at quite a few very good
national franchise brands before deciding to become a Hudson's
Grill franchisee." Mr. Frank Stabile commented that "Marquette
will be an excellent market for a Hudson's Grill restaurant
because the All-American, casual style restaurant and bar concept
has a very successful track record in "middle America" markets
like Marquette that are regional hubs complimented by tourism,
retail, medical facilities, colleges and/or universities."
All restaurant expansion that Hudson's Grill has going on
throughout the U.S. will utilize their new 4567 square foot,
freestanding, prototype, restaurant design that the "BURGERS *
SHAKES * ROCK n' ROLL" Americana "late 50's and early 60's"
themed restaurant and bar concept currently has under construction
in the following locales across the U.S.: Santa Clarita, CA.,
Dallas, TX., and Jackson, MI.
The Company also announced that construction on its Richardson
(Dallas), Texas, Hudson's Grill, which had been delayed because of
rain and because of the landlord's inability to obtain approval to
move a fire hydrant needed to begin framing of the restaurant, had
now begun. The restaurant is currently scheduled to open in the
Summer. Hudson's Grill of Whittier, Inc., a subsidiary that
operated the Westlake, California, Hudson's Grill, shut down
operations at the Westlake location and turned the premises and
furniture, non-proprietary fixtures and equipment over to the
landlord on March 9, 1998. Also, the Guatemala City, Guatemala,
Hudson's Grill was closed in February 1998 by the local franchisee
because of insufficient sales.
On March 17, 1998, the Company's directors met and decided to hold
the Company's annual meeting on May 22, 1998, and to set April 17,
1998, as the record date to determine the shareholders entitled to
vote shares. The directors also decided to ask for a shareholder
vote to ratify the transfer of assets to Hudson's Grill
International, Inc., to recommend a vote to register the shares of
Hudson's Grill International, and then to distribute the shares to
the shareholders of the Company. At the present time, the
Company's current directors have agreed to run again for another
term.
Hudson's Grills of America is celebrating its 13th year of
operation, and the company is publicly traded over the counter
under the NASDAQ symbol HDSG.
