<PAGE>
As filed with the Securities and Exchange Commission on June 27, 1996
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
X ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
- ---- EXCHANGE ACT OF 1934 [FEE REQUIRED].
For the fiscal year ended December 31, 1995
-----------------
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
- ---- EXCHANGE ACT OF 1934 [NO FEE REQUIRED].
For the transition period from ____________to____________
Commission file number 1-9390
-----------------
--------------
FOODMAKER, INC. EASY$AVER PLUS PLAN
(Full title of the Plan)
--------------
FOODMAKER, INC.
(Name of issuer of the securities held pursuant to the Plan)
9330 Balboa Avenue
San Diego, CA 92123
(Address of principal executive offices)
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
December 31, 1995 and 1994
TABLE OF CONTENTS
Page Number
-----------
Independent Auditors' Report 1
Statement of Net Assets Available for Benefits
With Fund Information as of December 31, 1995 2
Statement of Net Assets Available for Benefits
With Fund Information as of December 31, 1994 3
Statement of Changes in Net Assets Available for Benefits
With Fund Information for the year ended December 31, 1995 4
Statement of Changes in Net Assets Available for Benefits
With Fund Information for the year ended December 31, 1994 5
Notes to Financial Statements 6
Schedule I - Item 27a - Schedule of Assets Held for Investment
Purposes 11
Schedule II - Item 27d - Schedule of Reportable Transactions 13
<PAGE>
Independent Auditors' Report
----------------------------
The Participants and the
Administrative Committee
Foodmaker, Inc. Easy$aver Plus Plan:
We have audited the accompanying statements of net assets available for
benefits of the Foodmaker, Inc. Easy$aver Plus Plan as of December 31, 1995
and 1994, and the related statements of changes in net assets available for
benefits for each of the years in the two-year period ended December 31,
1995. These financial statements are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as
of December 31, 1995 and 1994, and the changes in net assets available for
benefits for each of the years in the two-year period ended December 31,
1995, in conformity with generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on
the basic financial statements taken as a whole. The supplemental
schedules I and II are presented for the purpose of additional
analysis and are not a required part of the basic financial
statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974.
The fund information in the statements of net assets available for
benefits with fund information and the statements of changes in net
assets available for benefits with fund information is presented for
purposes of additional analysis rather than to present the net assets
available for benefits and changes in net assets available for
benefits of each fund. The supplemental schedules and fund
information have been subjected to the auditing procedures applied in
the audits of the basic financial statements and, in our opinion, are
fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
KPMG PEAT MARWICK LLP
San Diego, California
May 24, 1996
-1-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Statement of Net Assets Available for Benefits With Fund Information
(in thousands)
<TABLE>
<CAPTION>
December 31, 1995
-----------------------------------------------------------------
Fixed FMI Dreyfus
Equity Income Growth Common Bond Loans to
Fund Fund Fund Stock Fund Fund Participants Total
---- ---- ---- ---------- ---- ------------ -----
<S> <C> <C> <C> <C> <C> <C> <C>
Interest receivable $ - 76 - - - - 76
----- ------ ----- ----- --- ----- ------
Contributions receivable:
Employee 15 22 9 4 4 - 54
Employer 4 8 3 1 1 - 17
----- ------ ----- ----- --- ----- ------
Total receivables 19 106 12 5 5 - 147
----- ------ ----- ----- --- ----- ------
Investments, at fair value
(note 2):
Short-term investments 50 151 25 11 10 - 247
Common stock - - - 1,364 - - 1,364
Mutual funds 8,843 - 2,948 - 695 - 12,486
Notes receivable from
participants - - - - - 2,543 2,543
----- ------ ----- ----- --- ----- ------
8,893 151 2,973 1,375 705 2,543 16,640
Investments, at contract value
(note 2)-
insurance company contracts - 14,400 - - - - 14,400
----- ------ ----- ----- --- ----- ------
Total investments 8,893 14,551 2,973 1,375 705 2,543 31,040
----- ------ ----- ----- --- ----- ------
Transfers due from (to)
other funds 111 (183) 37 43 (8) - -
----- ------ ----- ----- --- ----- ------
Net assets available for
benefits $9,023 14,474 3,022 1,423 702 2,543 31,187
===== ====== ===== ===== === ===== ======
</TABLE>
See accompanying notes to financial statements.
-2-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Statement of Net Assets Available for Plan Benefits With Fund Information
(in thousands)
<TABLE>
<CAPTION>
December 31, 1994
-------------------------------------------------------------------------
Ralston
Purina Fixed FMI Dreyfus
Common Equity Income Growth Common Bond Loans to
Stock Fund Fund Fund Fund Stock Fund Fund Participants Total
---------- ---- ---- ---- ---------- ---- ------------ -----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Interest receivable
receivable $ - - 68 - - - - 68
----- ----- ------ ----- --- --- ----- ------
Contributions receivable:
Employee - 11 21 8 3 3 - 46
Employer - 4 7 3 1 1 - 16
----- ----- ------ ----- --- --- ----- ------
Total receivables - 15 96 11 4 4 - 130
----- ----- ------ ----- --- --- ----- ------
Investments, at fair
value (note 2):
Short-term investments - 40 1,224 36 14 9 - 1,323
Common stock - - - - 772 - - 772
Mutual funds - 6,656 - 2,270 - 552 - 9,478
Notes receivable
from participants - - - - - - 2,443 2,443
----- ----- ------ ----- --- --- ----- ------
- 6,696 1,224 2,306 786 561 2,443 14,016
----- ----- ------ ----- --- --- ----- ------
Investments, at contract
value (note 2)-
insurance company
contracts - - 12,775 - - - - 12,775
----- ----- ------ ----- --- --- ----- ------
Total investments - 6,696 13,999 2,306 786 561 2,443 26,791
----- ----- ------ ----- --- --- ----- ------
Transfers due to (from)
other funds - 36 41 (31) (7) (39) - -
----- ----- ------ ----- --- --- ----- ------
Net assets available
for benefits $ - 6,747 14,136 2,286 783 526 2,443 26,921
===== ===== ====== ===== === === ===== ======
</TABLE>
See accompanying notes to financial statements.
-3-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Statement of Changes in Net Assets Available for Benefits With Fund Information
(in thousands)
<TABLE>
<CAPTION>
Year Ended December 31, 1995
-----------------------------------------------------------------
Fixed FMI Dreyfus
Equity Income Growth Common Bond Loans to
Fund Fund Fund Stock Fund Fund Participants Total
---- ---- ---- ---------- ---- ------------ -----
<S> <C> <C> <C> <C> <C> <C> <C>
Contributions:
Employee $ 791 1,448 507 229 199 - 3,174
Employer 123 251 77 34 31 - 516
----- ------ ----- ----- --- ----- ------
914 1,699 584 263 230 - 3,690
Investment income:
Dividends 210 - 20 - - - 230
Interest 61 1,036 25 13 49 - 1,184
----- ------ ----- ----- --- ----- ------
271 1,036 45 13 49 - 1,414
----- ------ ----- ----- --- ----- ------
Net realized gain (loss) on
sale of investments 461 - 335 (8) (4) - 784
Unrealized appreciation
(depreciation) of investments 1,445 - 172 368 35 - 2,020
Distributions (959) (1,964) (400) (118) (88) - (3,529)
Loan repayments 270 584 112 57 29 (1,052) -
Loan disbursements (306) (655) (140) (18) (33) 1,152 -
Interfund transfers 201 (296) 44 83 (32) - -
Administrative expenses (21) (66) (16) - (10) - (113)
----- ------ ----- ----- --- ----- ------
Increase in net assets 2,276 338 736 640 176 100 4,266
Net assets available for
benefits:
Beginning of year 6,747 14,136 2,286 783 526 2,443 26,921
----- ------ ----- ----- --- ----- ------
End of year $9,023 14,474 3,022 1,423 702 2,543 31,187
===== ====== ===== ===== === ===== ======
</TABLE>
See accompanying notes to financial statements.
-4-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Statement of Changes in Net Assets Available for Benefits With Fund Information
(in thousands)
<TABLE>
<CAPTION>
Year Ended December 31, 1994
-------------------------------------------------------------------------
Ralston
Purina Fixed FMI Dreyfus
Common Equity Income Growth Common Bond Loans to
Stock Fund Fund Fund Fund Stock Fund Fund Participants Total
---------- ---- ---- ---- ---------- ---- ------------ -----
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Contributions:
Employee $ - 767 1,566 519 200 186 - 3,238
Employer - 213 471 159 65 58 - 966
----- ----- ------ ----- --- --- ----- ------
- 980 2,037 678 265 244 - 4,204
----- ----- ------ ----- --- --- ----- ------
Investment income:
Dividends 5 195 - 18 - - - 218
Interest 1 56 977 27 14 45 - 1,120
----- ----- ------ ----- --- --- ----- ------
6 251 977 45 14 45 - 1,338
----- ----- ------ ----- --- --- ----- ------
Net realized gain (loss)
on sale of investments 269 554 - 162 (11) (6) - 968
Unrealized depreciation
of investments (257) (718) - (380) (596) (34) - (1,985)
Distributions (41) (929) (1,797) (294) (126) (90) - (3,277)
Loan repayments - 245 542 118 59 39 (1,003) -
Loan disbursements - (305) (802) (122) (17) (21) 1,267 -
Interfund transfers (426) 211 56 (184) 442 (99) - -
Administrative expenses (3) (26) (75) (22) - (10) - (136)
----- ----- ------ ----- --- --- ----- ------
Increase (decrease) in
net assets (452) 263 938 1 30 68 264 1,112
Net assets available for
benefits:
Beginning of year 452 6,484 13,198 2,285 753 458 2,179 25,809
----- ----- ------ ----- --- --- ----- ------
End of year $ - 6,747 14,136 2,286 783 526 2,443 26,921
===== ===== ====== ===== === === ===== ======
</TABLE>
See accompanying notes to financial statements.
-5-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Notes to Financial Statements
December 31, 1995 and 1994
1. DESCRIPTION OF THE PLAN
The following brief description of the Foodmaker, Inc. Easy$aver Plus
Plan (the "Plan") is provided for general information purposes only.
Participants should refer to the Plan document for a more complete
description of the Plan's provisions.
a. General:
-------
The Plan was established effective April 1, 1983 for the purpose of
enabling employees to enhance their long-range financial security through
regular savings with the benefit of Foodmaker, Inc. (the "Company")
contributions. The benefits provided under the Plan are intended to
supplement the retirement benefits provided under other plans sponsored by
the Company. The Plan is subject to certain provisions of the Employee
Retirement Income Security Act of 1974 ("ERISA"); however, benefits under
the Plan are not eligible for plan termination insurance provided by the
Pension Benefit Guaranty Corporation under Title IV of ERISA.
The Company, as plan sponsor, makes contributions to the Plan and pays
a portion of the administrative costs. Subject to certain restrictions, the
plan sponsor also has the authority and responsibility for the general
administration of the Plan. The Chairperson of the Company's Board of
Directors is authorized to appoint the members of the Administrative
Committee (the "Committee"). The Northern Trust Company, as trustee, has the
authority to hold, manage and protect the assets of the Plan in accordance
with the provisions of the Plan and a separate Trust Agreement.
The Plan covers substantially all regular administrative and clerical
employees of the Company who have completed one year of service, receive
regular compensation from a payroll in the United States, and effective
January 1, 1988, have attained age 21. Eligible warehouse and distribution
employees may participate in the Plan effective January 1, 1991. Eligible
maintenance technicians and equipment technicians also may participate in the
Plan effective July 1, 1992. Participation by eligible employees is
voluntary.
b. Contributions:
-------------
Prior to April 1, 1991, participants could have elected to have the
Company contribute to the Plan any amount from 2% to 8% of their compensation
in 1% increments through payroll deductions. This deferral is referred to as
a pre-tax deferral, i.e., it is not subject to Federal income taxes in the
year deferred. Effective April 1, 1991, the maximum amount of the
compensation participants may elect to defer is 12%. The Company made a
matching contribution equal to 50% of each participant's first 4% of base
compensation deferred. Effective April 3, 1995, the Company temporarily
suspended matching contributions. Effective October 2, 1995, the Company
reinstated matching contributions. Prior to January 1, 1989, participants
who deferred at least 4% of compensation could have elected to contribute an
additional 1% to 10% of compensation, in 1% increments, on an after-tax
basis. Beginning January 1, 1989, after-tax contributions could have been
made whether or not the participant had elected to make any pre-tax
deferrals. Effective April 1, 1991, after-tax contributions may no longer be
made to the Plan.
-6-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Notes to Financial Statements
December 31, 1995 and 1994
(Continued)
1. DESCRIPTION OF THE PLAN (Continued)
c. Vesting:
-------
Participants have a fully vested interest in their pre-tax deferrals
and after-tax contributions plus actual earnings thereon. Company
contributions vest at the rate of 25 percent for each year of service by the
participant (including service prior to the effective date of the Plan) or
upon attainment of age sixty-five, disability, death or termination of the
Plan. The vested amount in a participant's account normally is distributed
upon termination of employment. The amount of the Company's contribution
that is not vested with respect to any participant is forfeited upon
termination of employment, but is restored if the participant becomes an
eligible employee within five years after termination. Forfeitures are used
to reduce employer contributions.
d. Participant Accounts:
--------------------
As of December 31, 1995 the trustee maintains five investment
funds -- the Equity Fund, the Fixed Income Fund, the Growth Fund, the FMI
Common Stock Fund and the Dreyfus Bond Fund. The Ralston Purina Common
Stock Fund was dissolved effective June 30, 1994. Participants may direct
their pre-tax deferrals, after-tax and Company matching contributions to be
placed in any of the five investment funds allocated in multiples of 10% to
any combination of these investment funds. The Ralston Purina Common Stock
balance was comprised of contributions made prior to the change of ownership
of the Company. Earnings derived from the assets of any investment fund are
reinvested in the fund to which they relate except that effective September 30,
1987, earnings related to the Ralston Purina Common Stock Fund may, at the
discretion of the trustee, be reinvested in the Fixed Income Fund. Participants
may elect to transfer all or any multiple of 10% of the value of their accounts
among funds at the beginning of any calendar quarter. Pending investment of
the assets in an investment fund, the trustee may temporarily make certain
short-term investments.
The Plan permits voluntary withdrawals by participants of their
after-tax contributions and related earnings no more than once every six
months. Because of certain Internal Revenue Service regulations,
participants may, with Committee approval, withdraw pre-tax deferrals
(exclusive of earnings for withdrawals after December 31, 1989), Company
matching contributions (if the participant is fully vested) and related
earnings only in the event of a financial hardship. The Plan permits
participants to borrow from the investment funds. Loans are subject to such
rules and regulations as the Committee may adopt, including but not limited
to the following: (1) the amount of the loan is subject to certain
limitations, (2) the loan bears interest at prevailing rates and repayments
are to be made through payroll deductions, and (3) the payment of a
processing fee is required. Amounts loaned to participants are treated as
invested in such loans and, to the extent unpaid, do not generate any
earnings other than interest thereon.
-7-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Notes to Financial Statements
December 31, 1995 and 1994
(Continued)
1. DESCRIPTION OF THE PLAN (Continued)
e. Trust:
-----
The assets of the Plan are held in a trust. Prior to March 31, 1994,
assets of a 401(k) plan sponsored by Chi- Chi's, Inc. ("Chi-Chi's"), a former
subsidiary of the Company, were also held in the trust. During 1994, the
assets of the Chi-Chi's Plan were transferred from the trust due to the
Company's divestiture of Chi-Chi's.
f. Use of Estimates:
----------------
The Plan sponsor and administrator have made a number of estimates and
assumptions relating to the reporting of net assets available for benefits
and changes in net assets available for benefits to prepare the financial
statements in conformity with generally accepted accounting principles.
Actual results could differ from those estimates.
2. SUMMARY OF ACCOUNTING POLICIES
The financial statements of the Plan are prepared using the accrual
method of accounting.
The Plan's short-term investments consist of money market accounts
which are valued at fair value. The Plan's investments in common stocks and
mutual funds are stated at fair value, which is determined by quoted market
prices. Purchases and sales of securities are recorded on a trade date
basis.
The Plan's insurance company contracts are valued at contract value.
Contract value represents contributions made under the contract, plus interest
at the contract rate, less Plan withdrawals and certain expenses. The contract
value of these investments reasonably approximates fair value due to the
short-term nature of these investments, the interest rates on these contracts,
and the financial strength of the issuing insurance companies.
Certain 1994 balances have been reclassified to conform to 1995
presentation.
-8-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Notes to Financial Statements
December 31, 1995 and 1994
(Continued)
3. INVESTMENTS
Investments consist of the following at December 31, 1995 and 1994:
December 31, 1995 December 31, 1994
----------------- -----------------
Fair Fair
Description of Investment Cost Value Cost Value
- ------------------------- ---- ----- ---- -----
(in thousands)
Northern Trust Collective Short-term
Investment Fund $ 198 $ 198 $ 185 $ 185
State Street Yield Enhanced
Short-term Investment Fund 49 49 1,138 1,138
Fidelity Equity Income Fund, Inc.
(net asset value $37.93 and $30.70
in 1995 and 1994, respectively) 7,398 8,843 6,651 6,656
Insurance Company Contracts 14,400 14,400 12,775 12,775
Twentieth Century Investors, Inc.
Select Fund (net asset value
$35.62 and $33.10 in 1995 and
1994, respectively) 2,776 2,948 2,694 2,270
Foodmaker, Inc. Common Stock 996 1,364 1,361 772
Dreyfus Short-Intermediate Government
Fund (net asset value $11.10 and
$10.53 in 1995 and 1994, respectively) 660 695 528 552
Notes receivable from participants 2,543 2,543 2,443 2,443
------ ------ ------ ------
$29,020 $31,040 $27,775 $26,791
====== ====== ====== ======
4. INVESTMENT CONTRACTS WITH INSURANCE COMPANIES
The Fixed Income Fund is comprised of various guaranteed investment
contracts ("GIC") with insurance companies. These GIC's guarantee a fixed
rate of interest over a specified period of time. Funds may be withdrawn from
any GIC by the Plan, prior to the maturity of the GIC, in order to meet the
withdrawal elections by the Plan participants from the Fixed Income Fund.
The trustee may make certain temporary short-term investments prior to
re-investing the proceeds of a matured GIC into a new GIC. The average yield
on these contracts was 5.8% and 5.7% for the plan years ended December 31,
1995 and 1994, respectively. The crediting interest rates on these contracts
approximated the average yield as of December 31, 1995 and 1994.
-9-
<PAGE>
FOODMAKER, INC. EASY$AVER PLUS PLAN
Notes to Financial Statements
December 31, 1995 and 1994
(Continued)
5. FEDERAL INCOME TAXES
The Internal Revenue Service has determined and informed the Company
by a letter dated April 1, 1987, that the Plan and related trust are designed
in accordance with applicable sections of the Internal Revenue Code (IRC).
The Plan was amended and restated thereafter effective January 1, 1988 and
January 1, 1989. On November 28, 1995, the IRS issued a favorable tax
determination letter related to these restatements, and the Plan sponsor
believes that the Plan continues to qualify and to operate as designed.
6. SUBSEQUENT EVENTS
Beginning in April 1996, recordkeeping administrative services will be
performed by Dreyfus Service Corporation. In connection with this change in
recordkeeper, the Plan offers daily investment trading and has increased the
number of investment choices to twelve. At the same time, Mellon Bank, N. A.
was appointed as a successor trustee to Northern Trust Company.
-10-
<PAGE>
Schedule I
FOODMAKER, INC. EASY$AVER PLUS PLAN
Schedule of Investments
Item 27a-Schedule of Assets Held for Investment Purposes
(dollars in thousands)
<TABLE>
<CAPTION>
December 31, 1995 December 31, 1994
--------------------------- ----------------------------
Number of Fair Number of Fair
Description of Investment Shares/Units Cost Value Shares/Units Cost Value
- ------------------------- ------------ ---- ----- ------------ ---- -----
<S> <C> <C> <C> <C> <C> <C>
Northern Trust Collective Short-term
Investment Fund* 198 $ 198 $ 198 185 $ 185 $ 185
State Street Yield Enhanced Short-term
Investment Fund* 49 49 49 1,138 1,138 1,138
Fidelity Equity Income Fund, Inc.
(net asset value $37.93 and $30.70
in 1995 and 1994, respectively) 233,144 7,398 8,843 216,804 6,651 6,656
Insurance Company Contracts
Principal Mutual, 8.75%, matures 12/31/94 - - - - 332 332
NY Life, 8.90%, matures 6/30/95 - - - - 723 723
Principal Mutual, 8.55% matures 1/2/96 - 563 563 - 630 630
CIGNA, 8.75% matures 1/2/96 - 715 715 - 800 800
Mass. Mutual, 7.87% matures 6/30/96 - 334 334 - 377 377
CNA, 6.00% matures 6/30/96 & 12/31/96 - 600 600 - 690 690
Principal Mutual, 6.50% matures
1/2/95-6/30/96 - 274 274 - 628 628
Hancock, 6.20% matures 1/2-6/30/95 - - - - 352 352
Metropolitan, 6.10% matures 6/30/97 - 701 701 - 805 805
NY Life, 5.15% matures 9/30/96, 97 & 98 - 895 895 - 1,035 1,035
Principal Mutual, 5.02% matures
12/31/96, 7/1/97 & 12/31/97 - 762 762 - 884 884
Hartford, 4.90% matures 12/31/96 & 97 - 684 684 - 795 795
Provident, 4.18% matures
6/30/95, 12/31/96 & 6/30/97 - 637 637 - 1,118 1,118
Hartford, 4,76% matures 12/31/96 & 6/30/97 - 1,121 1,121 - 1,304 1,304
NY Life, 6.80% matures
6/30/96, 12/31/97 & 98 - 782 782 - 893 893
Principal Mutual, 7.08% matures
12/31/97 & 6/30/99 - 1,238 1,238 - 1,409 1,409
Life of VA, 8.04% matures
6/30/98 & 12/31/99 - 786 786 - - -
Hancock, 7.88% matures
12/31/98, 6/30/99 & 12/31/99 - 785 785 - - -
Transamerica, 5.63% matures 9/30/97 & 98 - 1,118 1,118 - - -
Metropolitan, 7.53% matures
6/30/98 & 12/31/99 - 1,148 1,148 - - -
NY Life, 6.22% matures
9/30/97 & 98 and 12/31/98 - 1,257 1,257 - - -
----- ----- ----- -----
14,400 14,400 12,775 12,775
</TABLE>
-11-
<PAGE>
Schedule I (Continued)
FOODMAKER, INC. EASY$AVER PLUS PLAN
Schedule of Investments
Item 27a-Schedule of Assets Held for Investment Purposes
(dollars in thousands)
<TABLE>
<CAPTION>
December 31, 1995 December 31, 1994
--------------------------- ----------------------------
Number of Fair Number of Fair
Description of Investment Shares/Units Cost Value Shares/Units Cost Value
- ------------------------- ------------ ---- ----- ------------ ---- -----
<S> <C> <C> <C> <C> <C> <C>
Twentieth Century Investors, Inc.
Select Fund (net asset value
$35.62 and $33.10 in 1995 and
1994 respectively) 82,774 $ 2,776 $ 2,948 68,571 $ 2,694 $ 2,270
Foodmaker, Inc. common stock* 227,465 996 1,364 181,561 1,361 772
Dreyfus Short-Intermediate Government
Fund (net asset value $11.10 and
$10.53 in 1995 and 1994, respectively) 62,629 660 695 52,383 528 552
Notes receivable from participants* N/A 2,543 2,543 N/A 2,443 2,443
----- ----- ----- -----
$29,020 $31,040 $27,775 $26,791
====== ====== ====== ======
* Party-in-interest
</TABLE>
See accompanying Independent Auditors' Report.
-12-
<PAGE>
SCHEDULE II
ITEM 27d-SCHEDULE OF REPORTABLE TRANSACTIONS
SCHEDULE OF REPORTABLE 5% TRANSACTIONS
1-1-95 THROUGH 12-31-95
***********************************************
<TABLE>
<CAPTION>
CURRENT VALUE
AVERAGE PURCHASE COST OF OF ASSET ON
DESCRIPTION OF ASSET OR SELL PRICE ASSET TRANSACTION DATE NET GAIN
-------------------- ----------------- ----- ---------------- ---------
($) ($) ($) ($)
TRANSACTIONS BY ISSUE
- ---------------------
<S> <C> <C> <C> <C>
MFO FIDELITY EQUITY-INCOME FD INC OPEN
END FD
41,597.38 SHARES BOUGHT IN 37 TRANSACTIONS 35.13 1,461,310.00 1,461,310.00
25,257.84 SHARES SOLD IN 7 TRANSACTIONS 34.76 719,128.23 877,875.78 158,747.55
------------- ----------
2,339,185.78 158,747.55
============= ==========
COLTV SHORT TERM INVT FD*
INCREASES ON 262 DAYS 6,911,326.96 6,911,326.96
DECREASES ON 280 DAYS 6,897,230.23 6,897,230.23 0.00
------------- ----------
13,808,557.19 0.00
============= ==========
CF STATE STREET SELECTION FUND*
CARRYING VALUE BOUGHT IN 34 TRANSACTIONS 1.00 2,368,654.97 2,368,654.97
CARRYING VALUE SOLD IN 6 TRANSACTIONS 1.00 1,832,841.37 1,832,841.37 0.00
------------- ----------
4,201,496.34 0.00
============= ==========
TRANSACTIONS BY BROKER
- ----------------------
THERE ARE NO REPORTABLE BROKER TRANSACTIONS
* Party-in-interest
</TABLE>
See accompanying Independent Auditors' Report.
-13-
<PAGE>
EXHIBITS
1. Consent of KPMG Peat Marwick LLP.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange
Act of 1934, the trustees (or other persons who administer the employee
benefit plan) have duly caused this annual report to be signed on its
behalf by the undersigned hereunto duly authorized.
FOODMAKER, INC. EASY$AVER
PLUS PLAN
Date: June 27, 1996 By:WILLIAM E. RULON
--------------------------------
William E. Rulon
Member, Administrative Committee
-14-
<PAGE>
Exhibit 1
Independent Auditors' Consent
-----------------------------
The Board of Directors
Foodmaker, Inc.:
We consent to incorporation by reference in the registration
statement (No. 33-54602) on Form S-8 of Foodmaker, Inc. of our report
dated May 24, 1996, relating to the statements of net assets
available for benefits of Foodmaker, Inc. Easy$aver Plus Plan as of
December 31, 1995 and 1994, and the related statements of changes in
net assets available for benefits for each of the years in the two-year
period ended December 31, 1995, and all related schedules, which report
appears in the December 31, 1995 annual report on Form 11-K of the
Foodmaker, Inc. Easy$aver Plus Plan.
KPMG PEAT MARWICK LLP
San Diego, California
June 27, 1996
