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): April 27, 1998
MERITAGE HOSPITALITY GROUP INC.
---------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Michigan
---------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-17442 38-2730460
- ------------------------------- ---------------------------------
(Commission File Number) (IRS Employer
Identification Number)
40 Pearl Street, N.W., Suite 900
Grand Rapids, Michigan 49503
---------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (616) 776-2600
<PAGE>
Item 5. Other Events.
On May 28, 1998, all litigation brought by the former general partner of
the now dissolved Wendy's of West Michigan Limited Partnership and the former
general partner's affiliates (Case No. 97-05360-CB, Kent County, Michigan,
Circuit Court) was dismissed with prejudice. The dismissal came after a
settlement was reached pursuant to which the former general partner received
$658,000 and 200,000 shares of the Company's common stock.
On April 27, 1998, the Company entered into a contract with Pepsi-Cola
Company to convert the fountain beverages served at its 25 "Wendy's Old
Fashioned Hamburgers" restaurants from Coca-Cola to Pepsi-Cola. Under the terms
of the contract, the Company has agreed to purchase 1,800,000 gallons of
fountain beverage syrup from Pepsi in exchange for Pepsi paying the Company
$2,090,000 in up-front conversion and marketing fees and providing new fountain
beverage dispensing equipment at all 25 of Wendy's restaurants operated by the
Company.
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 hereto duly authorized.
MERITAGE HOSPITALITY GROUP INC.
Dated: June 9, 1998 By: /s/Christopher B. Hewett
--------------------------
Christopher B. Hewett
President and Chief Executive Officer
