UNITED STATES
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: October 12, 1999
THE QUIZNO'S CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 000-23174 84-1169286
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1415 Larimer Street, Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 291-0999
None
(Former name or former address, if changes since last report)
Item 5. Other Events. Press Release Announcing Company Plan to Repurchase Its
Shares
Exhibits
Exhibit 99.1 Press Release, dated October 12, 1999, announcing that
the Company may purchase up to 200,000 shares of the Company's common stock
from time to time.
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.
THE QUIZNO'S CORPORATION
Date: October 13, 1999 By: /s/ John L. Gallivan
John L. Gallivan
Chief Financial Officer
EXHIBIT 99.1 Press Release
THE QUIZNO'S CORPORATION
ANNOUNCES SHARE REPURCHASE AUTHORIZATION
DENVER, Colo. October 12, 1999 - The Quizno's Corporation (the "Company")
(NASDAQ: QUIZ) announced that its Board of Directors on October 1, 1999,
authorized a program to repurchase up to 200,000 shares of the Company's common
stock. The Company said that the timing, price, quantity and manner of purchases
will be made at the discretion of management consistent with applicable
Securities and Exchange Commission rules and will depend upon market conditions.
Certain information in this release are forward-looking statements (as
defined in the Private Securities Litigation Reform Act of 1995) that involve
risks and uncertainties that might adversely affect the Company's operating
results in the future in a material way or that could cause actual results to
differ materially from those set forth in the forward looking statement. Such
risks and uncertainties include, without limitation, the effect of national and
regional economic and market conditions in the United States and in other
countries in which franchises are sold, costs of labor and employee benefits,
costs of marketing and of food and non-food items used in the operation of the
restaurants, intensity of competition for locations and franchisees, as well as
customers' perception of food safety, legal claims, and the availability of
financing for the Company and its franchisees. Many of these risks are beyond
the control of the Company. Such risks are detailed from time to time in the
Company's reports filed with the SEC, including the report on Form 10-KSB for
the year ended December 31, 1998.
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For more information contact:
Patrick E. Meyers, Vice President & General Counsel
The Quizno's Corporation, (303) 291-0999
