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): November 8, 1996
CHECKERS DRIVE-IN RESTAURANTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-19649 58-1654960
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 Cleveland Street, 8th Floor
Clearwater, Florida 34615
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 813-441-3500
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This Instrument contains 3 pages.
There is no Exhibit Index.
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Item 5. Other Events.
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Checkers Drive-In Restaurants, Inc. ("Checkers") announced on November 8,
1996, that default waivers under its primary credit facility had been extended
through November 12, 1996.
On November 12, 1996, Checkers announced that default waivers had been
extended through November 20, 1996.
On November 14, 1996, Checkers announced the sale of the Company's debt
under its primary credit facility to a group of entities and individuals, most
of whom are engaged in the fast food restaurant business. The group of
purchasers is led by CKE Restaurants, Inc., the parent of Carl Karcher
Enterprises, Inc., Casa Bonita, Inc. and Summit Family Restaurants, Inc. Also
participating in the acquisition is KCC Delaware, a wholly-owned subsidiary of
Giant Group, Ltd. which is a controlling shareholder of Rally's Hamburgers, Inc.
Waivers of all defaults have been granted through November 22, 1996, and
Checkers and the purchasers intend to immediately commence negotiations for
restructuring of the debt.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned thereunto duly authorized.
CHECKERS DRIVE-IN RESTAURANTS, INC.
By: /s/ Albert J. DiMarco
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Albert J. DiMarco
President and Chief Executive Officer
Dated: November 15, 1996
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