8-K: Current report filing

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) AUGUST 29, 2005

PIZZA INN, INC.
(Exact name of registrant as specified in its charter)

MISSOURI 0-12919 47-0654575
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)

3551 PLANO PARKWAY, THE COLONY, TEXAS 75056
(Address of principal executive offices) (Zip Code)

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

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 (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))

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On August 29, 2005, the Company and Wells Fargo Bank, National Association
("Wells Fargo") entered into a Third Amendment to Third Amended and Restated
Loan Agreement and Second Amendment to Real Estate Note, to be effective as of
June 26, 2005, amending the Company's existing revolving credit and term loan
agreements with Wells Fargo. The amendment provides for a $6.0 million revolving
credit line that will expire October 1, 2007, replacing a $3.0 million credit
line that was due to expire December 23, 2005. Additionally, the amendment
increases annual capital expenditure limits from $500,000 to $3,000,000 and
modifies certain financial covenants for the revolving credit and term loans.
Interest is provided for at a rate equal to Prime less an interest rate margin
from 0.75% to Prime plus an interest rate margin of 1.75% or, at the Company's
option, at the Eurodollar plus an interest rate margin of 1.25% to 3.75%. The
interest rate margin is based on the Company's performance under certain
financial ratio tests.


ITEM 7.01 REGULATION FD DISCLOSURE.

Pizza Inn, Inc. elects to disclose the information in the press release
furnished as Exhibit 99.1 to this report and incorporated herein by reference
through Form 8-K pursuant to Regulation FD.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(C) EXHIBITS.


EXHIBIT NO. DESCRIPTION OF EXHIBIT
----------- ----------------------
99.1 Press Release dated August 26, 2005 (furnished herewith and
- ---- incorporated herein by reference)
99.2 Third Amendment to Third Amended and Restated Loan Agreement and Second
- ---- Amendment to Real Estate Note dated August 29, 2005, to be effective as of
June 26, 2005 (furnished herewith and incorporated herein by
reference)
99.3 Ninth Amended and Restated Revolving Credit Note dated August 29, 2005,
- ---- to be effective as of June 26, 2005 (furnished herewith and incorporated
herein by reference)

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 hereunto duly authorized.

Pizza Inn, Inc.

Date: August 29, 2005 By: /s/ Shawn M. Preator
Name: Shawn M. Preator
Title: Chief Financial Officer