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): January 4, 2007
BRINKER INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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1-10275 |
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74-1914582 |
(State of Incorporation) |
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(Commission File |
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(IRS Employment |
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Number) |
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Identification No.) |
6820 LBJ Freeway
Dallas, Texas 75240
(Address of principal
executive offices)
Registrants telephone number, including area code 972-980-9917
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
On January 4, 2007 the Registrant announced an agreement with Pepper Dining, Inc., an affiliate of Olympus Partners. Under the agreement, Pepper Dining will acquire 89 company-owned Chilis Grill & Bar restaurants for an undisclosed sum with plans to develop an additional 20-44 new franchised Chilis locations in areas including Massachusetts, New Hampshire, Vermont, Connecticut, Rhode Island, Maine, New York, Virginia, South Carolina, North Carolina and Georgia.
Section 9 Financial Statements and Exhibits.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99 Press Release, dated January 4, 2007.
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.
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BRINKER INTERNATIONAL, INC. |
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Date: January 4, 2007 |
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By: |
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/s/ Douglas H. Brooks |
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Douglas H. Brooks, Chairman of the Board |
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President and Chief Executive Officer |
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Exhibit 99
DALLAS, January 4, 2007 Brinker International, Inc. (NYSE: EAT) announced an agreement with Pepper Dining, Inc., an affiliate of Olympus Partners. Under the agreement, Pepper Dining will acquire 89 company-owned Chilis Grill & Bar restaurants for an undisclosed sum with plans to develop an additional 20-44 new franchised Chilis locations in areas including Massachusetts, New Hampshire, Vermont, Connecticut, Rhode Island, Maine, New York, Virginia, South Carolina, North Carolina and Georgia.
This will be the largest franchise transaction in Brinker history, and is part of the companys announced strategy to expand domestic and international franchise ownership of its brands from 20 percent to approximately 30 percent within the next 12 months. Including this transaction, over the past year Brinker domestic and international franchisees will have purchased 125 company-owned restaurants and signed development commitments for more than 200 locations over the next 10 years. The transaction is subject to customary closing conditions.
We are proud to reach this milestone agreement with Olympus Partners, and look forward to accelerating the growth of the Chilis brand throughout the eastern United States, said Todd Diener, President of Chilis Grill & Bar.
A private equity firm established in 1989, Olympus Partners is based in Stamford, Conn., with investments in a variety of companies, including consumer products as well as manufacturing, healthcare, financial and business services. Olympus experience in the restaurant industry includes past and current investments in Pennant Foods, a Wendys International franchisee, as well as K-MAC Enterprises, which operates Taco Bell, KFC and Golden Corral restaurants. Olympus was also a founding investor in HomeTown Buffets.
Its an honor for us to establish a relationship with a company as respected as Brinker International. Chilis Grill & Bar is an American favorite, and we look forward to working with the existing management teams to take the brand to new heights of success, said Paul Rubin, Partner, Olympus Partners.
Chilis Grill & Bar is the flagship brand of Dallas-based Brinker International, a recognized leader in casual dining. Chilis offers a fun, energetic atmosphere and a distinct, fresh mix of grilled American favorites at 1,200 locations in 24 countries. Other Brinker brands include Romanos Macaroni Grill, Maggianos Little Italy and On The Border Mexican Grill & Cantina. For more information, please visit www.chilis.com.
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