- Current report filing (8-K)
November 24 2008 - 2:16PM
Edgar (US Regulatory)
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): November 21, 2008
THE
STEAK N SHAKE COMPANY
(Exact
name of registrant as specified in its
charter)
|
INDIANA
|
0-8445
|
37-0684070
|
(State
or other jurisdiction
|
(Commission
File Number)
|
(I.R.S.
Employer
|
of
incorporation)
|
|
Identification
No.)
|
|
|
|
36
S. Pennsylvania Street, Suite 500
Indianapolis,
Indiana
|
46204
|
(Address
of principal executive offices)
|
(Zip
Code)
|
|
|
Registrant's
telephone number, including area code: (317)
633-4100
|
Not
Applicable
|
(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:
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
1.01
ENTRY INTO A
MATERIAL DEFINITIVE AGREEMENT
On
November 21, 2008, The Steak n Shake
Company (the “Company”) entered into amendments (the “Amendments”) to our Senior
Note Agreement and Revolving Credit Facility (collectively the “Facilities”)
that are effective for the quarter ended September 24, 2008. The Amendments
accomplished a number of goals:
·
|
An
extension of the Revolving
Credit Facility through and including January 30,
2010;
|
|
|
·
|
A
waiver of debt ratio covenants
applicab
le to the
last fiscal quarter, enabling the Company to comply with the terms
of the
Facilities for the fiscal year
ended September
24,
2008;
|
|
|
·
|
A
reduction in the outstanding balances via the payment of $5,000,000
to
each of the two providers of the Facilities;
|
|
|
·
|
A
reduction and extension of the
real estate collateralization obligation for the Senior Note Agreement
to
March 30, 2010
; this
obligation will be waived should the outstanding balance under the
Senior Note Agreement reach $5,000,000
; and
|
|
|
·
|
A
modification to the Revolving Credit Facility’s limit to
$25,000,000.
|
Copies
of the
A
mendments
are filed as exhibits to this
report and are incorporated herein in further response to this
item.
Item
9.01
FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibits
99.1
|
Amendment
Number 10 to the Revolving Credit Agreement with Fifth Third Bank,
NA
|
|
|
99.2
|
Amendment
Number 9 to the Senior Note Agreement with Prudential
Financial
|
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.
THE
STEAK N SHAKE
COMPANY
By:
/s/
Sardar
Biglari
Executive
Chairman, Chief Executive Officer
Dated:
November 24, 2008
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