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Quotes & Info
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| DAVE > SEC Filings for DAVE > Form 8-K on 20-Nov-2008 | All Recent SEC Filings |
20-Nov-2008
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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