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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 (date of earliest event reported): October 10, 1997
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WESTERN COUNTRY CLUBS, INC.
(Exact name of registrant as specified in its charter)
COLORADO
(State or other jurisdiction of incorporation or organization)
000-24058 84-1131343
(Commission File Number) (I.R.S. Employer Identification No.)
1601 N.W. EXPRESSWAY
OKLAHOMA CITY, OKLAHOMA 73118
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 405-848-0996
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ITEM 5. OTHER EVENTS
See Exhibit 99.0 regarding a verdict issued by a Kansas court against
a partnership owned 80% by a registrant subsidiary. This verdict has been
stayed until a motion for new trial is heard by the court, presently scheduled
to take place on October 31, 1997.
ITEM 7. EXHIBITS
(a) The following exhibit is filed with this report:
99.0 Press release issued by the registrant regarding the
verdict.
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 authorized.
Western Country Clubs, Inc.
/s/ Ted W. Strickland
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Date: October 17, 1997 Ted W. Strickland, Chief Financial Officer
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EXHIBIT INDEX
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EXHIBIT NO. EXHIBIT NAME NUMBERED PAGE
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5.0 Press Release 4
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Exhibit 99.0
WESTERN COUNTRY CLUBS, INC.
1601 N.W. Expressway, Suite 1610
Oklahoma City, Oklahoma 73118
848-0996
FOR IMMEDIATE RELEASE NEWS
September 18, 1997 Nasdaq - WCCI
WESTERN ANNOUNCES VERDICT IN WICHITA SUIT
Oklahoma City, Oklahoma....Western Country Clubs, Inc. (NASDAQ: WCCI)
("Western"), announced today that an $801,000 verdict had been reached by a
jury in Wichita, Kansas, against a partnership which owns one of Western's
InCahoots nightclubs.
The partnership, 80% of which is owned by a Western subsidiary, plans to appeal
the decision.
The personal injury action was filed by a patron of the Company's Wichita Club
in 1994. The partnership has liability insurance in excess of the amount of the
verdict, and while a dispute exists with the insuror over coverage, the insuror
defended the partnership in the litigation. However, the insuror also filed a
declaratory judgment action to determine the extent of its coverage, which
action is pending. Both the partnership and the patron contest the insuror's
position.
Western anticipates settlement discussions to continue with the insurance
carrier and the plaintiff, and because of the contested coverage issue and
alleged errors in the trial proceedings, believes that the action will be
settled for materially less than the award. However, while the verdict is not
against Western, an adverse result would materially affect Western's future
earnings from the partnership.
Western currently owns and operates country and western themed nightclubs under
the name "InCahoots" in Indianapolis, St. Louis and Wichita.
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Contact:
Western Country Clubs, Inc., Oklahoma City
James E. Blacketer or Ted W. Strickland, 405-848-0996
