Item 8.01 Other Events

Frisch's Restaurants, Inc. ("Frisch's") and 7373 Corporation ("7373") have entered into a Settlement Agreement effective August 24, 2009, settling all claims and counterclaims asserted in six separate lawsuits pending between the parties. The six lawsuits were fully described in Frisch's Form 10-K filed with the Securities and Exchange Commission on July 31, 2009 for its fiscal year that ended June 2, 2009.

The lawsuits relate to the disputed application of certain provisions in five separate lease agreements that governed the purchase of five properties by Frisch's from 7373. Frisch's maintained that it should be allowed to purchase the five properties for certain amounts specified in the lease agreements, while 7373 claimed that Frisch's must purchase the properties for a larger amount based upon alternative values in the lease agreements and market appraisal values.

In the Settlement Agreement, both Frisch's and 7373 agreed to file with the respective courts an Agreed Order of Dismissal, with prejudice, of all claims asserted in all six of the lawsuits. In consideration of the Settlement Agreement, 7373 has agreed to sell, and Frisch's has agreed to purchase, the five properties at issue for the total sum of $4,000,000 by no later than September 1, 2009.

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