8-K: Current report filing
Published on June 2, 2008
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) May 30,
2008
Pizza
Inn, Inc.
(Exact
name of registrant as specified in its charter)
|
Missouri
(State
or other jurisdiction of incorporation)
|
0-12919
(Commission
File Number)
|
47-0654575
(IRS
Employer 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 May
30, 2008, Pizza Inn, Inc. (the “Company”) and The CIT Group / Commercial
Services, Inc. (“CIT”) entered into a Third Amendment to Financing Agreement
(the “Amendment”) modifying certain terms related to the Financing Agreement
dated January 23, 2007. The Amendment permits the company to repurchase up to
$7,000,000 of the Company’s common stock related to the previously disclosed
stock repurchase plan authorized by the board of directors on May 23,
2007.
Item 8.01 Other Events
On June
2, 2008, Pizza Inn, Inc. issued a press release announcing that its Board of
Directors has amended the stock repurchase plan authorized on May 23, 2007
increasing the number of shares of common stock the Company may repurchase
by 1,000,000 shares to a total of 2,016,000. A copy of the
press release is attached as Exhibit 99.1 to this Form
8-K.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
|
Exhibit
No.
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Description
of Exhibit
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||||
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99.1
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Pizza
Inn, Inc. Press Release dated June 2, 2008 (furnished herewith and
incorporated herein by reference)
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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.
Date:
June 2, 2008
Pizza Inn, Inc.
By: /s/ Charles R.
Morrison
Name: Charles R. Morrison
Title: President and
CEO