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) December 6, 1999
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JACK IN THE BOX INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-9390 95-2698708
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State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
9330 BALBOA AVENUE, SAN DIEGO, CALIFORNIA 92123
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (858) 571-2121
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ITEM 5. OTHER EVENTS
The following is the text of a press release issued December 6, 1999.
Jack in the Box Inc. Announces Stock Repurchase Program
SAN DIEGO - The Jack in the Box Inc. Board of Directors today
authorized a common stock repurchase program, in which the company may buy back
up to $10 million of its common stock.
The company will not begin to repurchase any stock prior to December 7,
1999. The stock buyback is authorized to take place from time to time, subject
to prevailing market conditions and to the terms of the company's credit
facility and debt instruments.
The repurchase comes on the heels of the restaurant chain's November
announcement of record fourth-quarter earnings and its third consecutive year
of record profits.
"This action by the Board of Directors demonstrates our confidence in
the outlook for Jack in the Box Inc.," said President and CEO Robert J. Nugent.
"We continue to build momentum with a strategy that focuses on quality food
service, which we believe will pay off for our guests and our shareholders."
Jack in the Box Inc. operates and franchises more than 1,500
Jack in the Box(R) restaurants with systemwide sales of $1.8 billion. The
company has 37,000 employees and is headquartered in San Diego.
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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.
By: DARWIN J. WEEKS
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Darwin J. Weeks
Vice President, Controller and
Chief Accounting Officer
Date: December 6, 1999
