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: June 11, 1999
NPC INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Kansas 1-13007 48-0817298
(State of (Commission (IRS Employer
Incorporation) Identification Identification
Number) No.)
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.
Non 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 hereunto duly authorized.
NPC INTERNATIONAL, INC.
Date: June 8, 1999 By /s/ Troy D. Cook
Troy D. Cook
Vice President Finance
Chief Financial Officer
Principal Financial Officer
INDEX TO EXHIBITS
PAGE NO.
EXHIBIT IN THIS
NO. DESCRIPTION FILING
99-A Press Release of Registrant dated
June 8, 1999 4
Contact: Troy D. Cook
Vice President Finance
Chief Financial Officer
NPC International, Inc.
(913) 327-5555, ext. 109
FOR IMMEDIATE RELEASE
NPC INTERNATIONAL, INC. ANNOUNCES INTENT TO ACQUIRE 70 PIZZA HUT
UNITS FROM PIZZA HUT, INC.
Second acquisition in six months exhibits Company's growth
prospects
Highlights:
- - Acquisition expands Company's core Southeast markets
- - Acquisition brings total units acquired to 169 over the last
six months
PITTSBURG, Kansas (June 8, 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 70
Pizza Hut units located in and around Tallahassee, FL (22);
Albany, GA (12); Huntsville, AL (16) and Lexington, KY (20). The
52 restaurants and 18 delivery/carryout units generated
approximately $48 million in sales during the 52 weeks ended May
1999.
NPC expects this transaction to close in late July.
Consummation of the transaction is subject to negotiation of a
definitive asset acquisition agreement, board approval of both
companies, approval from regulatory agencies, and other customary
conditions. Further details regarding the terms of the
transaction will be disclosed subsequent to receiving approval of
the transaction from the boards of directors for both companies,
which is expected to occur in early to mid July.
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, President of Pizza Hut, Inc. said, "This
transaction is an important step in our partnership with NPC. We
are pleased that NPC has increased its Pizza Hut restaurant
holdings and look forward to their continued leadership in the
Pizza Hut system."
Gene Bicknell, Chairman and CEO of NPC said, "We remain very
optimistic about the resurgence of the Pizza Hut brand and are
bullish as to its long-term prospects."
Jim Schwartz, President and COO of NPC added, "This
acquisition continues our Southeastern expansion, allowing us to
leverage our current field supervisory infrastructure. The
progress that we have made in assimilating our recent 99 unit
acquisition has allowed us the flexibility necessary to pursue the
acquisition of these units at this time."
With the exception of historical information, certain of the
matters discussed in this news release are forward-looking
statements that involve estimates, risks, and uncertainties
including, but not limited to, economic conditions, consumer
demand, the level of and the effectiveness of marketing campaigns
by the Company and Pizza Hut, Inc., competitive conditions, food
costs, labor costs, new product introductions, product mix and
pricing and other risks indicated in filings with the Securities
and Exchange Commission.
NPC International, Inc. is the world's largest Pizza Hut
franchisee and operates 738 Pizza Hut restaurants and
delivery/carryout units in 26 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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99-07
