<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------------------
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
RALLY'S HAMBURGERS, INC.
------------------------
(Name of Issuer)
Common Stock, par value $.10 per share
--------------------------------------
Title of Class of Securities
751203-10-0
-----------
(CUSIP Number)
Robert A. Wilson
Vice President, General Counsel and Secretary
CKE Restaurants, Inc.
1200 North Harbor Boulevard
Anaheim, California 92801
Tel. (714) 774-5796
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
NOVEMBER 27, 1996
-----------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(3) or (4), check the following box //.
Check the following box if a fee is being paid with the statement.
Page 1 of 4 Pages
<PAGE> 2
SCHEDULE 13D/A
CUSIP NO.: 374503 1 10 0
(1) NAME OF REPORTING PERSON:
CKE Restaurants, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
IRS No. 33-0602639
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
(3) SEC USE ONLY
(4) SOURCE OF FUNDS: WC
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
(6) CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7) SOLE VOTING POWER: 5,076,622 (1) (2)
(8) SHARED VOTING POWER: 0
(9) SOLE DISPOSITIVE POWER: 5,076,622 (1) (2)
(10) SHARED DISPOSITIVE POWER: 0
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 5,076,622 (1) (2)
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [X]
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 23.3%
(14) TYPE OF REPORTING PERSON: CO
- ------------------------------
(1) Mr. William P. Foley, II, is Chairman of the Board and Chief Executive
Officer of CKE Restaurants, Inc. ("CKE"). A limited partner whose general
partner is controlled by Mr. Foley owns 19.4% of the outstanding Common
Stock of CKE, and Fidelity owns 2.7% of the outstanding Common Stock of
CKE. By virtue of such stock ownership and positions, Mr. Foley may be
deemed a "controlling person" of CKE. Mr. Foley disclaims beneficial
ownership of any of the shares of Common Stock held by CKE.
(2) Includes shares of Common Stock issuable upon exercise of (i) 587,607
currently exercisable options and (ii) 775,488 warrants. See Item 5 of
this Amendment to Schedule 13D.
(3) Based upon 21,762,890 shares of Common Stock outstanding as of November 5,
1996.
Page 2 of 4 Pages
<PAGE> 3
ITEM 1. SECURITY AND ISSUER.
This Amendment Number 2 amends the statement on Schedule 13D filed
with the Securities and Exchange Commission on September 26, 1996, as
heretofore amended (the "Schedule 13D/A") with respect to the Common Stock, par
value $0.10 per share (the "Common Stock") of Rally's Hamburgers, Inc., a
Delaware corporation (the "Company"), with its principal executive offices
located at 10002 Shelbyville Road, Suite 150, Louisville, Kentucky 40223.
Other than as set forth herein, there has been no material change in the
information set forth in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION.
Item 3 of the Schedule 13D is hereby amended to add the following:
In addition to the 4,301,166 shares of Common Stock reported on
Schedule 13D, on September 26, 1996, CKE also received 775,488 warrants
pursuant to its exercise of rights under the Company's Rights Offering, CKE
acquired 587,607 shares of Common Stock pursuant to the exercise of certain
$3.00 options on November 27, 1996, at an aggregate purchase price of
$1,762,821, which purchase price was funded from CKE's general working capital
funds.
Of the 5,076,622 shares of Common Stock to which this Statement
relates (a) 587,607 were acquired on November 27, 1996, by exercise of the
Company's $3.00 options, (b) 2,350,432 were purchased by CKE on May 3, 1996,
for an aggregate purchase price of $4,113,256.00, which purchase price was
funded from general working capital funds, (c) 775,488 shares of common stock
and 775,488 warrants for the purchase of common stock were acquired by CKE on
September 26, 1996 due to its exercise of rights under the Company's Rights
Offering and (d) 587,607 are the subject of currently exercisable options
granted to CKE. No brokerage commissions were paid in connection with these
purchases.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended to add a paragraph as
follows:
On November 26, 1996, CKE exercised 587,607 of its $3.00 options for
an aggregate purchase price of $1,762,821.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Section (a) of Item 5 of the Schedule 13D is hereby amended as
follows:
(a) As of the close of business November 27, 1996, CKE is the
beneficial owner of 5,076,622 shares of Common Stock including 3,713,527 shares
which are owned directly by CKE, 775,488 warrants to purchase common stock and
587,607 shares which are the subject of currently exercisable options granted
to CKE, which constitute in the aggregate 23.3% of the outstanding shares of
Common Stock (based on 21,762,890 shares of Common Stock outstanding as of
November 5, 1996). CKE disclaims beneficial ownership of any of the shares of
Common Stock owned by Fidelity.
Page 3 of 4 Pages
<PAGE> 4
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
December 4, 1996 CKE RESTAURANTS, INC.
By: /s/ ROBERT A. WILSON
-----------------------------------
Robert A. Wilson
Vice President, General Counsel
and Secretary
Page 4 of 4 Pages
