UNITED STATES
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: January 8, 1999
NPC INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Kansas 1-13007 48-0817298
(State of incorporation) (Commission (IRS Employer
Identification Identification No.)
Number)
720 West 20th Street Pittsburg, Kansas 66762
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (316) 231-3390
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.
<PAGE>
(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 hereunto duly authorized.
NPC INTERNATIONAL, INC.
Date: January 8, 1999 By /s/ Troy D. Cook
Troy D. Cook
Vice President Finance
Chief Financial Officer
Principal Financial Officer
<PAGE>
INDEX TO EXHIBITS
PAGE NO.
EXHIBIT IN THIS
NO. DESCRIPTION FILING
99-A Press Release of Registrant dated
January 7, 1999 4
Contact: Troy Cook
Vice President Finance and
Chief Financial Officer
NPC International, Inc.
(913) 327-5555, ext. 109
FOR IMMEDIATE RELEASE
NPC INTERNATIONAL, INC. ANNOUNCES INTENT TO
ACQUIRE 99 PIZZA HUT UNITS FROM PIZZA HUT, INC.
Acquisition represents a 15% increase in NPC operated Pizza Hut
units
PITTSBURG, Kansas (January 7, 1999) - Consistent with NPC
International, Inc.'s (NASDAQ:NPCI) goal to continue its growth
in Tricon's Pizza Hut system, the Company announced today that it
had signed a letter of intent with Pizza Hut, Inc. (PHI) to
acquire 99 Pizza Hut units located in and around Pensacola, FL
(14); Panama City, FL (16); Mobile, AL (26); Augusta, GA (22);
and Savannah, GA (21). The 60 restaurants and 39 delivery/
carryout units generated nearly $58 million in sales
during the 52 weeks ended November, 1998.
NPC expects this transaction to close by mid February.
Consummation of the transaction is subject to negotiation of a
definitive asset acquisition agreement, board approval of both
companies, and approval from regulatory agencies. Further
details regarding the terms of the transaction will be disclosed
subsequent to receiving approval of the transaction from the
boards of directors of both companies, which is expected to occur
in late January.
NPC is actively engaged in reviewing opportunities as
presented by Pizza Hut, Inc. In addition, the company remains
active in the pursuit of franchisee locations that are contiguous
to the Company's territories.
Mike Rawlings, Chief Concept Officer and President of Pizza
Hut, Inc. said, "This transaction is great for the Pizza Hut
brand. NPC has proven itself over a number of years as an
outstanding operator in the Pizza Hut system. NPC 'walks-the-talk'
regarding its commitment to the brand through leadership
and the capital committed to re-imaging its assets and increasing
its Pizza Hut restaurant holdings."
Gene Bicknell, Chairman and CEO of NPC said, "The Pizza Hut
brand is on the move and we are excited to play a role in its
rejuvenation. This acquisition will allow us to participate on
an increasingly larger scale in the continued growth of this
great brand."
<PAGE>
Jim Schwartz, President and COO of NPC added, "This
acquisition is ideally located in the southeast part of the
country, which should allow us optimal leverage in our field
supervisory infrastructure. Furthermore, the structure of this
transaction provides incentives for asset re-investment,
increasing our opportunity for shareholder return through asset
re-imaging. Now that we have agreed to terms with PHI on this
transaction, we look forward to availing ourselves of more
acquisition opportunities in the future."
NPC International, Inc. is the world's largest Pizza Hut
franchisee and operates 643 Pizza Hut restaurants and
delivery/carryout units in twenty-four states.
For more information contact Troy D. Cook, Vice President
Finance and Chief Financial Officer, NPC International, Inc.,
14400 College Boulevard, Suite 201, Lenexa, Kansas 66215
Telephone Number: (913) 327-5555, ext. 109.
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