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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 (Date of earliest event reported) August 15, 1997
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BACK YARD BURGERS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
1-12104 64-0737163
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(Commission File Number) (I.R.S. Employer Identification No.)
2768 COLONY PARK DRIVE, MEMPHIS, TENNESSEE 38118
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(Address of principal executive offices) (Zip Code)
(901) 367-0888
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(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
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(Former Name or Former Address, If Changed Since Last Report)
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ITEM 5. OTHER EVENTS
Attached hereto as Exhibit 99 is a copy of Back Yard Burgers, Inc.'s
press release dated August 15, 1997.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
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Exhibit Number Description
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99 Back Yard Burgers, Inc. press release dated
August 15, 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 thereunto duly authorized.
BACK YARD BURGERS, INC.
Date: August 14, 1997 By: /s/ STEPHEN J. KING
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Stephen J. King, Chief Financial Officer
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EXHIBIT NO. 99
FOR IMMEDIATE RELEASE CONTACT: Stephen J. King
Chief Financial Officer
Telephone: (901) 367-0888
- BACK YARD BURGERS ELECTS TO DELIST SHARES FROM
CHICAGO STOCK EXCHANGE; RETAIN NASDAQ TRADING -
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MEMPHIS, TENNESSEE (AUGUST 15, 1997) - Back Yard Burgers, Inc. [NASDAQ
SMALL CAP: BYBI] announced today that it has filed with the Securities and
Exchange Commission an application for withdrawal from listing of securities
pursuant to Section 12 (d) of the Securities Exchange Act of 1934. The
application proposes to withdraw the Company's common stock from its listing on
the Chicago Stock Exchange, such that in the future the common stock will be
traded solely on The Nasdaq SmallCap Market tier of The Nasdaq Stock Market.
The Chicago Stock Exchange has notified the Company that it will not pose any
objection to the delisting application and will cease the common stock from
trading on the Exchange immediately.
The Company's stockholders overwhelmingly approved the delisting at the
Company's annual meeting on May 22, 1997. Commenting on the action, Lattimore
M. Michael, Chairman and Chief Executive Officer, stated "Our listing on the
Chicago Stock Exchange was certainly beneficial to our initial public offering
in 1993 and for a short period of time thereafter. However, in light of the
extremely low trading volume on the CSE, we believe it to be in the best
interest of our Company to avoid the associated costs by taking the delisting
action. We expect The Nasdaq Stock Market to continue to serve our stockholders
well in the future."
Back Yard Burgers operates and franchises quick-service restaurants in
Memphis, Little Rock, Nashville and other markets across 15 states. The Company
features gourmet hamburgers and chicken sandwiches, high quality condiments and
name-brand beverages as well as hand-dipped milkshakes, fresh-made lemonade and
fresh-baked cobblers.
