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): November 13, 2008
NATHAN'S
FAMOUS, INC.
(Exact
Name of Registrant as Specified in its Charter)
|
Delaware
|
1-3189
|
11-3166443
|
|
(State
of Incorporation)
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
|
| 1400 Old Country Road, Westbury, New York |
11590
|
|
| (Address of Principal Executive Offices) |
(Zip
Code)
|
|
| Registrant's telephone number including area code |
(516)
338-8500
|
|
N/A
(Former
name or former address, if changed since last report.)
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 (see
General
Instruction A.2. below):
| 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-14(c) under the Exchange Act
(17 CFR
240.13e-4(c))
|
Item
8.01. Other
Events.
On
November 13, 2008, the Registrant issued a press release announcing that its
Board of Directors authorized the purchase of up to 500,000 shares of its common
stock on behalf of the Company.
A
copy of
the press release is attached as exhibit 99.1 hereto.
Item
9.01. Financial
Statements and Exhibits.
(d)
Exhibits.
The
following exhibits are filed herewith:
| Exhibit No. | Description |
| 99.1. | Press release dated November 13, 2008 |
SIGNATURE
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,
thereunder duly authorized.
| NATHAN'S FAMOUS, INC. | ||
| |
|
|
| By: | /s/ Ronald DeVos | |
|
Ronald DeVos |
||
|
Vice-President
Finance
and Chief Financial Officer
(Principal Financial and Accounting
Officer)
|
||
Dated: November 13, 2008
EXHIBIT
99.1
| FOR: | NATHAN'S FAMOUS, INC. |
| COMPANY | Ronald G. DeVos, Vice President - Finance and CFO |
| CONTACT: | (516) 338-8500 ext. 229 |
FOR
IMMEDIATE RELEASE
NATHAN'S
FAMOUS, INC. AUTHORIZES 500,000 SHARE BUYBACK
WESTBURY,
N.Y., November 13, 2008 -- Nathan's Famous, Inc. (NASDAQ:NATH) today announced
that its Board of Directors has authorized the purchase of up to an additional
500,000 shares of its common stock on behalf of the Company. Purchases will
be
made from time to time, depending on market conditions, in open market or
privately negotiated transactions, at prices deemed appropriate by management.
There is no set time limit on the repurchases.
To
date,
pursuant to prior share repurchase programs, Nathan’s has acquired an aggregate
2,483,884 shares of its common stock at a cost of $16,187,000 and there are
currently 16,116 shares available to be repurchased pursuant to the share
repurchase plan authorized on November 5, 2007.
About
Nathan’s Famous
Nathan’s
products are currently distributed in 50 states, the District of Columbia and
four foreign countries through its restaurant system, Branded Product Program
and retail licensing activities. The Nathan’s restaurant system currently
consists of 241 units, comprised of 235 franchised or licensed units and six
company-owned units (including one seasonal unit). For additional information
about Nathan’s please visit our website at www.nathansfamous.com.
Except
for historical information contained in this news release, the matters discussed
are forward looking statements that involve risks and uncertainties. Words
such
as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and similar
expressions identify forward-looking statements, which are based on the current
belief of the Company’s management, as well as assumptions made by and
information currently available to the Company’s management. Among the factors
that could cause actual results to differ materially are the following: the
effect of business and economic conditions; the impact of competitive products
and pricing; the ability to obtain an adequate supply of beef and other food
products at competitive prices; capacity; the regulatory and trade environment;
and the risk factors reported from time to time in the Company’s SEC reports.
The Company does not undertake any obligation to update such forward-looking
statements.