Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 15, 2022

Rave Restaurant Group, Inc.
(Exact name of registrant as specified in its charter)

(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

3551 Plano Parkway, The Colony, Texas
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code: (469) 384-5000

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
Nasdaq Capital Market

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):

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).  Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 8.01
Other Events

On February 15, 2022, Rave Restaurant Group, Inc. issued a press release discussing the extinguishment of its 4% Convertible Senior Notes due 2022, a copy of which is attached as Exhibit 99.1 hereto.

Item 9.01
Financial Statements and Exhibits


Rave Restaurant Group, Inc. press release dated February 15, 2022.


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.

Rave Restaurant Group, Inc.
Date:  February 15, 2022
Clinton D. Fendley
Chief Financial Officer
(principal financial officer)

Exhibit 99.1

February 15, 2022

RAVE Restaurant Group, Inc. Reports Extinguishment of Convertible Notes

Dallas-based RAVE Restaurant Group, Inc. [NASDAQ: RAVE], parent company of Pie Five Pizza Co. and Pizza Inn restaurants, is pleased to announce the payment of all amounts due under its 4% Convertible Senior Notes due 2022 (the “Notes”). The Company paid all of the outstanding short-term Notes in the amount of $1.6 million in cash at maturity on February 15, 2022. The payoff of the Notes in cash means that no further conversion of Notes into common stock will occur.

“The extinguishment of this debt provides for increased flexibility as we invest in future growth initiatives for both of our brands,” said Clint Fendley, Chief Financial Officer of RAVE Restaurant Group, Inc.

About RAVE Restaurant Group, Inc.

Founded in 1958, Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] franchises and/or licenses Pie Five Pizza Co. and Pizza Inn restaurants and Pizza Inn Express kiosks domestically and internationally. Pizza Inn is an international chain featuring freshly made pizzas, along with salads, pastas, and desserts. Pie Five Pizza Co. is a leader in the rapidly growing fast-casual pizza space. Pizza Inn Express, or PIE, is developing unique opportunities to provide freshly made pizza from non-traditional outlets. The Company’s common stock is listed on the Nasdaq Capital Market under the symbol “RAVE”. For more information, please visit www.raverg.com.

Investor Relations
RAVE Restaurant Group, Inc.