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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) October 2, 1998
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SANTA BARBARA RESTAURANT GROUP, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-10576 33-0403086
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1200 North Harbor Boulevard, Anaheim, California 92803
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (714) 491-6400
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(Former Name or Former Address, if Changed, Since Last Report)
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Item 7. List of Exhibits
(a) Exhibit 99.1 News Release
Item 8. Change in Fiscal Year.
On October 1, 1998, Santa Barbara Restaurant Group, Inc. (formerly known as GB
Foods Corporation) (the "Company") announced a change in fiscal year end. The
Company made the determination to change the fiscal year end on September 22,
1998. The Company is converting to a fiscal year that includes 13 four-week
accounting periods with each week ending on a Thursday. The change will be
effective with the Company's third fiscal quarter of 1998 which, under the old
fiscal calendar, would have ended on September 30, 1998. Under the new fiscal
calendar, the third quarter will end on October 8, 1998. Accordingly, the
Company's next Report on Form 10-Q will cover the transition period from July 1,
1998 through October 8, 1998.
The Company's fourth fiscal quarter will end on December 31, 1998 and subsequent
fiscal years will end on the last Thursday of December. Beginning in 1999, the
company's first fiscal quarter will include 16 weeks of operating results and
the second, third and fourth quarters will each include 12 weeks of operating
results.
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.
SANTA BARBARA RESTAURANT GROUP, INC.
Dated: October 2, 1998 By: /s/ M'LISS JONES KANE
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Name: M'Liss Jones Kane
Title: Vice President and Secretary
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SANTA BARBARA RESTAURANT GROUP, INC.
NEWS RELEASE
Contact: Ted Abajian
Chief Financial Officer
(805) 563-1566
FOR IMMEDIATE RELEASE
SANTA BARBARA RESTAURANT GROUP, INC ANNOUNCES
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CHANGE IN FISCAL YEAR END
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Santa Barbara, Calif., October 1, 1998 - Santa Barbara Restaurant Group, Inc.
("SBRG") (NASDAQ: SBRG) announced today a change in fiscal year end. SBRG is
converting to a fiscal year that includes 13 four-week accounting periods with
each week ending on a Thursday. The change will be effective with SBRG's third
fiscal quarter of 1998 which, under the old fiscal calendar, would have ended on
September 30, 1998. Under the new fiscal calendar, the third quarter will end on
October 8, 1998. Accordingly, SBRG's next Report on Form 10-Q will cover the
transition period from July 1, 1998 through October 8, 1998.
SBRG's fourth fiscal quarter will end on December 31, 1998 and subsequent fiscal
years will end on the last Thursday of December. Beginning in 1999, SBRG's first
fiscal quarter will include 16 weeks of operating results and the second, third
and fourth quarters each will include 12 weeks of operating results.
Andrew F. Puzder, chief executive officer of SBRG, stated, "With our recently
completed acquisitions of Timber Lodge Steakhouse and JB's restaurants, it
became necessary to integrate all of our concepts on to one fiscal calendar and
we believe a calendar based on 13 four-week periods will work well for us."
Santa Barbara Restaurant Group operates 61 JB's restaurants, 19 Timber Lodge
Steakhouse restaurants, six Galaxy Diner restaurants and seven Green Burrito
restaurants. The company also franchises 41 Green Burrito stand-alone
restaurants, 171 Green Burrito dual-concept franchise restaurants and 20 JB's
restaurants.
