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): January 6, 1997
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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Item 5. Other Events.
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On January 6, 1997, Checkers Drive-In Restaurants, Inc. (the "Company")
announced the appointment of Richard E. Fortman to the position of president and
chief operating officer of the Company and the appointment of Joseph N. Stein to
the newly created position of executive vice president and chief administrative
officer. Both Fortman and Stein are leaving positions with California-based CKE
Restaurants, Inc., which operates several restaurant concepts, including the
Carl's Jr. hamburger chain.
Fortman, 47, has 27 years of experience with Carl's Jr. in a number of
positions, most recently regional vice president, where he oversaw the
operations of 105 restaurants in the Los Angeles area.
Stein, 36, who is leaving his post as senior vice president and chief
financial officer of CKE, had been with the company for 18 months.
Item 7. Financial Statements and Exhibits.
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(a) Financial Statements of Businesses Acquired.
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None.
(b) Pro Forma Financial Information.
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None.
(c) Exhibits.
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Exhibit
Number Exhibit Description
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99 Press Release of the Registrant dated January 6, 1997.
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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/ James T. Holder
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James T. Holder
Vice President and Chief Financial Officer
Dated: January 13, 1997
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EXHIBIT INDEX
Exhibit
Number Exhibit Description
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99 Press Release of the Registrant dated January 6, 1997
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EXHIBIT 99
CLEARWATER, FL, Jan.6 /PRNewswire/ -- Checkers Drive-In Restaurants, Inc.
(Nasdaq: CHKR) today announced the appointments of Richard E. Fortman to the
position of president and chief operating officer and Joseph N. Stein to the
newly created position of executive vice president and administrative officer.
Both Fortman and Stein are leaving positions with California-based CKE
Restaurants, Inc., which operates several restaurant concepts, including the
Carl's Jr. hamburger chain.
Fortman, 47, has 27 years of experience with Carl's Jr. in a number of
positions, most recently regional vice president, where he oversaw the
operations of 105 restaurants in the Los Angeles area. "Rick brings to Checkers
a proven track record of strong operations leadership," said Tom Thompson,
Checkers' chief executive officer and vice chairman.
Stein, 36, who is leaving his post as senior vice president and chief
financial officer of CKE, had been with the company for 18 months. "In a
relatively short time, Joe has demonstrated his efficiency in controlling costs
on the corporate side of the business, while improving support given to
operations," said Thompson. "I am confident that Joe's corporate expertise
coupled with Rick's strong operations background is a winning combination that
will work well with existing Checkers employees and franchisees. This is an
important step in Checkers' road to financial recovery."
Thompson is also president and chief operating officer of CKE Restaurants,
Inc., which along with other investors, holds approximately $36 million of
Checkers' debt. CKE announced last month that it will participate in the
investment of approximately $20 million in Checkers through the purchase of
common stock in a private placement.
Checkers Drive-In Restaurants, along with its franchisees, operates
approximately 500 double drive-thru hamburger restaurants primarily located in
the Southeast.
Source: Checkers Drive-In Restaurants, Inc.
Contact: James T. Holder, Vice President and Chief Financial Officer,
813-441-3500
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