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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: April 10, 1997
(Date of earliest event reported)
KOO KOO ROO, INC.
(Exact name of registrant as specified in its charter)
DELAWARE COMMISSION FILE: 22-3132583
(State or other jurisdiction 0-19548 (I.R.S. Employer
of incorporation or organization) Identification No.)
11075 SANTA MONICA BOULEVARD
SUITE 225
LOS ANGELES, CALIFORNIA 90025
(Address of principal executive offices, including zip code)
(310) 479-2080
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On April 10, 1997, Koo Koo Roo, Inc. (the "Registrant") disseminated a
press release announcing that its Board of Directors had approved the repurchase
of up to one million shares of the Registrant's common stock, which press
release is filed herewith as Exhibit 5.1 and incorporated herein by this
reference.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT
NO. DESCRIPTION
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5.1 Press Release dated April 10, 1997
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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,
KOO KOO ROO, INC.
Date: April 17, 1997 By /s/ Robert F. Kautz
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Name: Robert F. Kautz
Title: President
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EXHIBIT INDEX
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SEQUENTIALLY
EXHIBIT NUMBERED
NO. DESCRIPTION PAGE
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5.1 Press Release dated April 10, 1997
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[LETTERHEAD OF KOO KOO ROO(R) CALIFORNIA KITCHEN]
EXHIBIT 5.1
FOR IMMEDIATE RELEASE CONTACT: Robert Kautz
CFO
310-479-2080
KOO KOO ROO ANNOUNCES STOCK REPURCHASE PROGRAM
Los Angeles, CA, April 10, 1997, Koo Koo Roo, Inc. (Nasdaq National Market:
"KKRO") announced today that its Board of Directors has authorized a program to
repurchase shares of the Company's stock. The Board approved the repurchase of
up to one million shares of Koo Koo Roo common stock over a period of time to be
determined by management.
These repurchases will be made in open market or privately negotiated
transactions from time to time in compliance with the SEC's Rule 10b-18, subject
to market conditions, applicable legal requirements and other factors. This
plan does not obligate Koo Koo Roo to acquire any particular amount of common
stock and the plan may be suspended at any time at the Company's discretion.
Robert Kautz, President and Chief Financial Officer, stated that, "The
Board of Directors believes that the Company's common stock represents a sound
investment at its recent trading prices. They and management are confident in
the future of Koo Koo Roo and believe this repurchase program to be in the best
interest of the Company and its stockholders."
Koo Koo Roo operates 28 Koo Koo Roo California Kitchen restaurants, 24 of
which are located in California, two in Florida, one in Colorado, and one in New
York, serving freshly prepared foods including its Original Flame Broiled
Skinless Chicken(R). The Arrosto Coffee Company, a subsidiary, operates a coffee
bean micro-roastery which places over half of its output into licensed locations
in ten Koo Koo Roo restaurants. Color Me Mine, also a subsidiary, operates a
20,000 square foot ceramics plant in California and has ten company-owned and
six franchised paint-your-own ceramic studios located in California, New Jersey
and Florida.
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