FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
DATE OF REPORT: October 7, 1996
NPC INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Kansas
(State of Incorporation)
0-13007 (Commission File Number)
48-0817298 (IRS Employer Identification Number)
720 W. 20th Street
Pittsburg, KS 66762
(Address of principal executive office)
316-231-3390
(Registrant's telephone number)
ITEM 5. OTHER EVENTS
The press release filed with this report as Exhibit 99-A is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a.) Financial statements of business acquired.
Not applicable.
(b.) Pro forma financial information
Not applicable
(c.) Exhibits
The exhibits set forth on the Index to Exhibits on page 3 are
incorporated herein
by reference.
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 thereunto duly authorized.
NPC INTERNATIONAL, INC.
DATED: October 7, 1996
Troy D. Cook
Vice President Finance
Chief Financial Officer
Principal Financial Officer
PAGE NO.
IN THIS
EXHIBIT DESCRIPTION FILING
99-A Press Release of Registrant dated October 2, 1996
4
Contact: Troy D. Cook
Vice President Finance and
Chief Financial Officer
(316) 231-3390
FOR IMMEDIATE RELEASE
NPC INTERNATIONAL, INC. ANNOUNCES
PIZZA HUT ACQUISITION
PITTSBURG, Kansas, (October 2, 1996) - NPC International, Inc.
announced today that it had signed a letter of intent with R&W Pizza Huts
of North Carolina, Inc. to acquire 31 Pizza Hut restaurants and associated
territories located in North Carolina. The 28 restaurants and 3 delivery
carry-out units located in Fayetteville, North Carolina and surrounding
rural areas generate average annual volumes in excess of $780,000 per
store. The Company expects to close the transaction by mid-November
pending negotiation of a definitive asset acquisition agreement and
approval from regulatory agencies. The transaction, which is subject to
the wavier by Pizza Hut, Inc. of it's right of first refusal, will be
financed through NPC's existing revolving line of credit.
Gene Bicknell, Chairman and CEO said, "We are very excited about our
future growth prospects of acquiring more Pizza Hut restaurants. The
acquisition of these territories will further expand our operating base
and will easily be assimilated into our core operating system. We remain
very bullish on the Pizza Hut brand. Our team will continue to work to
grow this segment of our business through selected development and the
acquisition of restaurants from other franchisees and our franchisor as
such territories become available."
Jim Schwartz, President and COO, added, "While these territories are
contiguous to our existing operations this acquisition represents our
initial foothold in the North Carolina marketplace. These territories are
unique assets as exhibited by the average store volumes and opportunities
for additional expansion. These stores have been operated exceptionally
well and the assets continually revitalized. We will focus on
capitalizing upon this heritage and leveraging our foothold for additional
growth. "
NPC International, Inc. is the world's largest Pizza Hut franchisee
and operates 375 Pizza Hut restaurants and delivery kitchens in eleven
states. Through Romacorp, Inc. a wholly-owned subsidiary, NPC also
operates and franchises 173 Tony Roma's restaurants, the casual theme
restaurant famous for ribs.
The Company's stock is traded on the NASDAQ Market under the symbol
"NPCI."
For more information contact Troy D. Cook, Vice President Finance and
Chief Financial Officer, NPC International, Inc., 720 W. 20th Street,
Pittsburg, Kansas 66762. Telephone Number: (316) 231-3390.
