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): July 1,
2009
CRACKER
BARREL OLD COUNTRY STORE, INC.
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Tennessee
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0-25225
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62-1749513
|
|
(State
or Other Jurisdiction
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(Commission
File Number)
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(I.R.S.
Employer
|
|
of
Incorporation)
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Identification
No.)
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305
Hartmann Drive, Lebanon, Tennessee 37087
(615)
444-5533
Check the
appropriate box if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
[ ]
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
7.01. Regulation FD Disclosure.
On July 1, 2009, Cracker Barrel Old
Country Store, Inc. issued the press release that is furnished as Exhibit 99.1
to this Current Report on Form 8-K and that is incorporated by reference into
this Item announcing that it had closed the sale-leaseback of its retail
distribution center and 14 of its store locations, with a 15th store
expected to close on or before July 31, 2009.
Item
9.01. Financial Statements and Exhibits.
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(d)
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Exhibits.
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See Exhibit Index immediately following
signature page.
SIGNATURE
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.
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Dated: July
1, 2009
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CRACKER
BARREL OLD COUNTRY STORE, INC.
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||
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By:
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/s/ N.B. Forrest Shoaf | ||
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Name:
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N.B.
Forrest Shoaf
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||
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Title:
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Senior
Vice President, Secretary
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and
Chief Legal Officer
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EXHIBIT INDEX
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Exhibit
No.
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Description
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|
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99.1
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Press
Release issued by Cracker Barrel Old Country Store, Inc. dated July 1,
2009 (furnished only)
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Exhibit 99.1
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POST OFFICE BOX
787
LEBANON,
TENNESSEE
37088-0787
|
| Investor Contact: | Barbara A. Gould |
| (615) 235-4124 | |
| Media Contact: | Julie K. Davis |
| (615) 443-9266 |
CRACKER
BARREL OLD COUNTRY STORE, INC. ANNOUNCES
COMPLETION
OF SALE-LEASEBACK TRANSACTIONS
LEBANON, Tenn. – July 1, 2009 – Cracker Barrel
Old Country Store, Inc. (“Cracker Barrel,” or the “Company”) (Nasdaq: CBRL)
today announced the closing of the sale-leaseback of its retail distribution
center and fourteen of its store locations, with a fifteenth expected to close
on or before July 31st. The
transactions are expected to produce aggregate gross proceeds of approximately
$57.6 million, consisting of $12.4 million relating to the distribution center
and slightly more than three million dollars for each of the 15 store locations.
The sale-leaseback transactions were the result of a competitive bidding
process.
Commenting
on the transactions, Cracker Barrel Chairman, President and Chief Executive
Officer Michael A. Woodhouse said, “We are pleased that these transactions,
essentially completed a month ahead of schedule, generated proceeds within the
initial estimated range first announced in February, especially considering the
recent volatility of the real estate market.” The Company indicated
that the net proceeds of the transactions will be used to reduce outstanding
debt, as previously announced.
About Cracker
Barrel
Cracker
Barrel Old Country Store®
restaurants provide a friendly home-away-from-home in their old country stores
and restaurants. Guests are cared for like family while relaxing and
enjoying real home-style food and shopping that’s surprisingly unique, genuinely
fun and reminiscent of America’s country heritage…all at a fair price. The
restaurant serves up delicious, home-style country food such as meatloaf and
homemade chicken n’ dumplins as well as its signature biscuits using an old
family recipe. The authentic old country retail store is fun to shop and offers
unique gifts and self-indulgences.
Headquartered
in Lebanon, Tennessee, Cracker Barrel Old Country Store, Inc. was established in
1969 and operates 588 company-owned locations in 41 states. Every Cracker
Barrel unit is open seven days a week with hours Sunday through Thursday, 6 a.m.
– 10 p.m., and Friday and Saturday, 6 a.m. - 11 p.m. For more information,
visit: crackerbarrel.com.
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