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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 26, 1998
RARE HOSPITALITY INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
GEORGIA 0-19924 58-1498312
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
8215 ROSWELL ROAD
BUILDING 200
ATLANTA, GEORGIA 30350
(Address of principal executive offices, including zip code)
(770) 399-9595
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On October 26, 1998, the Company announced that its Board of Directors
has authorized the repurchase of up to $5 million of its outstanding common
stock from time-to-time through October 1999. These purchases will be made in
the open market, through block purchases or in privately negotiated
transactions, at the discretion of the Company's management, and will be subject
to the availability of shares at prices the Company deems appropriate and to
applicable securities regulations. The repurchased shares will be returned to
authorized but unissued shares and will be available for general corporate
purchases. The Company intends to finance the repurchases from cash flow from
operations and its existing credit facility.
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.
RARE HOSPITALITY
INTERNATIONAL, INC.
(REGISTRANT)
/s/ W. Douglas Benn
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W. Douglas Benn
Executive Vice President
and Chief Financial Officer
(Principal Financial Officer and Chief
Accounting Officer, and a duly authorized
officer)
Date: November 2, 1998
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