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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) May 18, 1995
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CARMIKE CINEMAS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-14993 58-1469127
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1301 First Avenue, Columbus, Georgia 31901
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 706-576-3400
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. Other Events.
Incorporated by reference herein is a press release issued by Carmike
Cinemas, Inc. (the "Company") on May 18, 1995, attached as Exhibit 99 hereto,
concerning the Company's announcement of an agreement to purchase 145 screens
from Cineplex Odeon, Inc. The proposed acquisition will involve consideration
of approximately $22 million in cash, is subject to governmental approval and
certain other conditions, and is expected to be completed in the second
quarter.
ITEM 7. Financial Statements and Exhibits.
(c) Exhibits.
99 Press Release of the Company issued May 18, 1995, regarding the
above-referenced proposed acquisition.
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.
CARMIKE CINEMAS, INC.
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(Registrant)
By: /s/ John O. Barwick, III
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John O. Barwick, III
Vice President-Finance and Chief
Financial Officer
Dated: May 24, 1995
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EXHIBIT INDEX
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Exhibit
Number Description
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99 Press Release of Carmike Cinemas, Inc. issued May 18, 1995.
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EXHIBIT 99
PRESS RELEASE
FOR IMMEDIATE RELEASE
May 18, 1995
CONTACT: John O. Barwick, III
Vice President - Finance
(706) 576-3400
Janice J. Kuntz
A. Brown-Olmstead Associates
(404) 659-0919
CARMIKE CINEMAS TO ACQUIRE 145 SCREENS FROM
CINEPLEX ODEON, INC.
COLUMBUS, Georgia -- Carmike Cinemas (NYSE: CKE) today announced that it has
signed an agreement to purchase 145 screens from Cineplex Odeon (NYSE: CPX).
The proposed acquisition will be an all-cash transaction, is subject to
governmental approval, and is expected to be completed in June.
The 145 screens to be acquired are located in Georgia and Florida. Within
Georgia, 52 screens are situated in close proximity to metropolitan Atlanta and
29 are located in various towns throughout the State. The remaining 64 screens
are located in six key cities in Florida including Jacksonville, Ocala,
Orlando, Tampa, Brandon and Clearwater.
Commenting on the proposed acquisition, Michael W. Patrick, president and chief
executive officer of Carmike, stated, "We are very excited about this
acquisition. The addition of these screens in Florida and Georgia
significantly increases our market presence in these locations and complements
our recently completed acquisition of 83 screens from Floyd Theatres in the
same two states, and will particularly enhance our presence in central
Florida." Patrick continued, "Already positioned as one of the largest motion
picture exhibitors in the United States, this acquisition further fortifies our
dominant posture in the industry. In addition, when we complete this
acquisition, Carmike will operate 2,191 screens in 31 states."
Carmike Cinemas, Inc. is the second largest motion picture exhibitor in the
United States in terms of number of theatres and screens operated. The Company
currently operates 2,046 screens located in 31 states.
