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DAVE > SEC Filings for DAVE > Form 8-K on 20-Nov-2008All Recent SEC Filings

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Form 8-K for FAMOUS DAVES OF AMERICA INC


20-Nov-2008

Other Events


Item 8.01 Other Events

On November 17, 2008, the Registrant announced the closure of its three company owned restaurants located in Atlanta, Georgia, as well as the termination of two leases for restaurant locations previously expected to open in 2009 in Hoffman Estates, Illinois and Hyattsville, Maryland. As a result of the Atlanta restaurant closures, the Registrant expects to recognize expenses during the fiscal 2008 fourth quarter of approximately $2.4 million primarily relating to outstanding payment obligations under the existing leases for the closed locations as well as limited severance benefits for employees at these locations. The Registrant also expects to recognize approximately $50,000 of expenses during the fiscal 2008 fourth quarter associated with the termination of each of the Hoffman Estates and Hyattsville leases (a total of approximately $100,000). These expenses are primarily comprised of professional fees and related general and administrative costs.
A copy of the Registrant's press release dated November 17, 2008 announcing the Atlanta restaurant closures and the Hoffman Estates and Hyattsville lease terminations is furnished as Exhibit 99.1 to this report. Item 9.01 Financial Statements and Exhibits.

(c) Exhibits
99.1 Famous Dave's of America, Inc. Press Release dated November 17, 2008.


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