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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): October 25, 2000
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
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ITEM 5. OTHER EVENTS
On October 25, 2000, the Company's Board of Directors appointed Robert E. Riley
as President of the Company. Prior to joining Meritage, Mr. Riley spent 15 years
as a Senior Vice President at Meijer, Inc., a multi-billion dollar supermarket
and general merchandise retailer with facilities in Michigan, Ohio, Indiana,
Illinois, and Kentucky. At Meijer, Mr. Riley served as a member of the
management committee which devised and implemented Meijer's strategic planning
policy. Mr. Riley also had primary responsibility for the Company's legal
matters, property sales, property management, and the corporate operating
structure. Mr. Riley presently retains an employment/consulting relationship
with Meijer. Prior to joining Meijer, Mr. Riley served as an officer of Jewel
Companies Inc., a multi-billion dollar food and general merchandise retailer
headquartered in Chicago, Illinois, which operated stores in 28 states. At
Jewel, Mr. Riley worked in diverse areas including property acquisition,
leasing, franchising, finance, and mergers and acquisitions.
Mr. Riley will report to Robert E. Schermer, Jr., the Company's Chief Executive
Officer. As President, Mr. Riley will focus on increasing the profitability of
the Company's existing operations, and implementing the Company's growth
strategies as it relates to the development of free-standing Wendy's restaurants
and the Wendy's/Meijer combination store program. Mr. Riley will also assist the
Company in filling certain open functions following the untimely death of
Meritage's Senior Vice President, Ray E. Quada, earlier this year.
On October 25, 2000, the Board also amended the Company's bylaws to reflect the
corporate structure adopted by the Board in connection with Mr. Riley's
appointment as President. Among other things, the existing Bylaws needed to be
changed so that the position of Chief Executive Officer, held by Mr. Schermer,
Jr., did not have to be coupled with the positions of President or Chairman of
the Board.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits:
Exhibit No. Description of Document
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3.1 Amended and Restated Bylaws of Meritage Hospitality Group Inc.
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: November 3, 2000 By: /s/ Robert E. Schermer, Jr.
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Robert E. Schermer, Jr.
Chief Executive Officer
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