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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; July 26, 1999
(Date of earliest event reported)
Sizzler International, Inc.
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(Exact name of Registrant as specified in its charter)
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<S> <C> <C>
Delaware 1-10711 95-4307254
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(State of Incorporation) (Commission File No.) (IRS Employer Identification Number)
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6101 West Centinela Avenue, Suite 200, Culver City, CA 90230
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(Address of principal executive offices, including zip code)
(310) 568-0135
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On July 26, 1999 Sizzler International, Inc. (the "Registrant")
disseminated a press release relating to the retirement of its Chairman of the
Board of Directors which press release is filed herewith as Exhibit 99.1 and
incorporated herein by this reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Press Release dated July 26, 1999.
SIGNATURE
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 hereunder duly authorized.
Sizzler International, Inc.
By: /s/ Ryan S. Tondro
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Name: Ryan S. Tondro
Title: Vice President and
Chief Financial Officer
Dated: July 26, 1999
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FOR IMMEDIATE RELEASE EXHIBIT 99.1
July 26, 1999
AMERICAN RESTAURANT PIONEER JAMES COLLINS TO BECOME
CHAIRMAN-EMERITUS OF SIZZLER INTERNATIONAL
James Collins to retire as Chairman of the Board in August, 1999
CULVER CITY, CA, July 26, 1999.... Sizzler International, Inc. (NYSE: SZ) today
announced that the man who built Collins Foods International (now Sizzler
International, Inc.) into a major chain including KFC and Sizzler Restaurants in
the United States, Latin America, Australia and throughout Asia will retire as
Chairman of the company.
At this year's August 17/th/ Annual Meeting, Collins who has served as Chairman
since November, 1968, will step down; however, he will continue to be a valuable
resource to the company as a Director and Chairman Emeritus.
Collins served as Chief Executive Officer of Collins Foods International from
November 1968 until December 1986. He returned as Chief Executive Officer of
Sizzler International in August 1997 to help shepherd Sizzler successfully
through Chapter 11 and back to profitability and growth. The company has posted
profits and increased year over year financial results for each of the last 10
quarters.
After an extensive search, a well-known restaurant industry leader, Charles
Boppell, became Chief Executive Officer of Sizzler International. Boppell said,
"Few people in American foodservice history have been able to grow businesses
like Jim Colins. For decades, he has shown great insights into better ways to
serve the dining public and is a true pioneer in managing the delivery of these
concepts. Throughout his many years of industry leadership, he has developed an
enviable reputation for integrity and the respect of people around the world.
Collins said, "I have been fortunate to identify promising new ideas and help
turn them into strong, enduring businesses. My role has been that of builder
and manager. I have also been fortunate to know and work beside many excellent
professionals throughout my career who have been a large part of any success I
have achieved.
Over the years Collins has found time to serve many civic and industry
organizations. He has been associated with the Los Angeles Metropolitan YMCA
for many years and is a former Chairman of the Board. He has been very active
at his alma mater, UCLA, as president of the Alumni Association from 1974 to
1976 and was voted Alumnus of the Year in 1982. He is a past president of the
California Restaurant Association and a former director of the National
Restaurant Association. In addition, he has been a member of the Board of
Advisors of the Hotel and Restaurant Management School at Cal Poly Pomona since
1982 and earlier this month the Cal State University Trustees renamed the school
as The Collins School of Hospitality Management.
Sizzler International, Inc. operates or licenses 346 Sizzler restaurants
worldwide and 101 KFC restaurants in Queensland, Australia.
For more information on Sizzler International, Inc. facsimile at no cost, simply
call 1-800-PRO-INFO and dual client code "SZ".
