Item 8.01 Other Events
On January 22, 2009, Capital Senior Living Corporation (the "Company")
announced that its Board of Directors has authorized a stock repurchase program
pursuant to which the Company intends to repurchase up to $10 million of its
common stock. The timing and extent of any repurchases will depend on market
conditions and other corporate considerations. The Company anticipates that it
will finance the repurchase program with available cash.
On January 22, 2009, the Company issued a press release announcing the stock
repurchase program. The full text of the press release issued in connection with
the announcement is attached hereto as Exhibit No. 99.1. This information being
furnished under this Item 8.01 and Exhibit 99.1 shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing. The press release contains, and
may implicate, forward-looking statements regarding the Company and includes
cautionary statements identifying important factors that could cause actual
results to differ materially from those anticipated. Forward-looking statements
are made based upon management's expectations and belief concerning future
developments and their potential effect upon the Company. There can be no
assurance that future developments will be in accordance with management's
expectations or that the effect of future developments on the Company will be
those anticipated by management. For additional information about risks and
uncertainties that could adversely affect the Company's forward-looking
statements, please refer to the Company's filings with the Securities and
Exchange Commission, including its Quarterly Report on Form 10-Q for the fiscal
quarter ended September 30, 2008.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Press Release dated January 22, 2009.
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