UNITED STATES
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 12, 1999
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Commission File Number: 000-17962
Applebee's International, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 43-1461763
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
4551 W. 107th Street, Suite 100, Overland Park, Kansas 66207
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(Address of principal executive offices and zip code)
(913) 967-4000
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(Registrant's telephone number, including area code)
None
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Applebee's International, Inc. (the "Company") issued a press release
announcing the completion of the previously announced sale of its Rio Bravo
Cantina concept. The press release is attached as Exhibit A hereto and
incorporated herein by reference.
Item 7. Exhibits
(c) Exhibits
Exhibit Description
A Press release of the Company dated
April 13, 1999
2
<PAGE>
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, thereunto duly authorized.
APPLEBEE'S INTERNATIONAL, INC.
(Registrant)
Date: April 27, 1999 By: /s/ George D. Shadid
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George D. Shadid
Executive Vice President and
Chief Financial Officer
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<PAGE>
Contact: George Shadid FOR IMMEDIATE RELEASE
Chief Financial Officer April 13, 1999
(913) 967-4035
APPLEBEE'S INTERNATIONAL COMPLETES
SALE OF RIO BRAVO CANTINA CONCEPT
OVERLAND PARK, KAN., April 13 -- Applebee's International, Inc. (Nasdaq:APPB)
stated today that it has completed the previously announced sale of its Rio
Bravo Cantina concept, which currently comprises 65 restaurants, including 40
company restaurants and 25 franchised restaurants, to Chevys, Inc.
Under the terms of the agreement, Chevys will become the franchisor of the Rio
Bravo Cantina system and will continue to operate the company-owned restaurants.
Chevys has agreed to provide a number of future operating alternatives for
existing franchisees, including continued operation of franchise restaurants as
Rio Bravo Cantinas or, in certain cases, conversion to Chevys Fresh Mex and Rio
Bravo Fresh Mex restaurants.
The company also stated that the previously announced sale of its four specialty
restaurants is expected to be completed by the end of April.
Lloyd Hill, chief executive officer of Applebee's International, said, "The sale
of Rio Bravo supports our company's strategy to singularly focus on and optimize
the core Applebee's brand. We would like to thank all of the Rio Bravo employees
and franchisees and wish them future success."
Applebee's International, Inc., headquartered in Overland Park, Kan., currently
develops, franchises and operates casual dining restaurants in 48 states and
seven international countries, under the Applebee's Neighborhood Grill and Bar
brand.
