Form: 8-K

Current report filing

September 26, 2003

8-K: Current report filing

Published on September 26, 2003

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K



CURRENT REPORT



PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934


Date of Report: September 26, 2003


PIZZA INN, INC.

(Exact name of registrant as specified in its charter)



MISSOURI 0-12919 47-0654575
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number)Identification Number)


3551 PLANO PARKWAY, THE COLONY, TX 75056

(Address of principal executive offices)(zip code)



Telephone number of registrant, including area code: (469) 384-5000




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ITEM 5.

On September 25, 2003, the Company filed its Form 10-K for the year ended June
29, 2003. As discussed in the Form 10-K filing, during the fourth quarter of
fiscal 2003 the Company determined that a prior period adjustment was required
to properly state its deferred tax asset and liability balances. The Company
identified approximately $296,000 in adjustments to these balances, primarily
relating to temporary differences for fixed assets and the allowance for
doubtful accounts, which related to fiscal years ended 1997 and earlier.
Therefore, the adjustment does not affect the Company's Consolidated Statements
of Operations for the years ended June 29, 2003, June 30, 2002 or June 24, 2001.
Since this adjustment related to beginning retained earnings and deferred tax
assets only, the restatement affected only the balance sheet in the filing.
Please see the Company's Form 10-K for additional information. The report can be
accessed by the public via an SEC-maintained internet site (http://www.sec.gov).
The report can also be accessed by going to the Company's internet website
(http://www.pizzainn.com).

SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.




PIZZA INN, INC.


By: /s/ Ronald W. Parker
Ronald W. Parker, Chief Executive Officer

Date: September 26, 2003