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SOLICITING MATERIAL
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 26, 1997
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[_] Preliminary Proxy Statement [_] Confidential, for Use of the
Commission Only (as permitted by
[ ] Definitive Proxy Statement Rule 14a-6(e)(2))
[_] Definitive Additional Materials
[X] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
SHONEY'S, INC.
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(Name of Registrant as Specified In Its Charter)
RAYMOND D. SCHOENBAUM AND BETTY J. SCHOENBAUM
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(Name of Persons filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No Filing Fee Required.
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
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[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
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(2) Form, Schedule or Registration Statement No.:
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(4) Date Filed:
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Notes:
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SHONEY'S SHAREHOLDERS' COMMITTEE
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COMPETITION OUTPERFORMING SHONEY'S - DECLINING COMPARABLE STORE SALES INDEXED(1)
Comparable-Store Sales Indexed 1990(2) 1996
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Shoney's, Inc. 100.0 96.4
Cracker Barrel Old Country Store, Inc. 100.0 145.5
Bob Evans Farms, Inc. 100.0 116.5
Applebee's Int'l, Inc. 100.0 134.9
Perkin's Family Restaurants 100.0 112.3
IHOP 100.0 124.0
Denny's (Flagstar) 100.0 104.5
(1) Comparable Store Sales for Cracker Barrel includes restaurant and gift
sales, for Shoney's includes only the Shoney's concept and company owned
units, for Bob Evans includes the restaurant segment only, for Applebee's
includes only the Applebee's concept and company operated units, for
Perkin's includes company owned units, for IHOP includes company-operated
and franchised units combined, and for Denny's includes only company-
operated units and the Denny's concept.
(2) Base indexed year for Denny's is 1992.
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