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CKEC > SEC Filings for CKEC > Form 8-K on 2-Nov-2009All Recent SEC Filings

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Form 8-K for CARMIKE CINEMAS INC


2-Nov-2009

Results of Operations and Financial Condition, Financial Statements and Exhib


Item 2.02. Results of Operations and Financial Condition.

On November 2, 2009, Carmike Cinemas, Inc. (the "Company") issued a press release announcing its financial results for the three and nine months ended September 30, 2009. The press release contains information about the Company's financial condition at September 30, 2009 and results of operations for the three and nine months ended September 30, 2009. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein in its entirety.

Disclosure Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about the Company's beliefs, expectations and future performance, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words, "believes," "expects," "anticipates," "plans," "estimates" or similar expressions. Examples of forward-looking statements in this Form 8-K include the Company's expectations regarding digital cinema opportunities, box office performance, the 3D film release schedule, fiscal year 2009 performance and the Company's strategies, operating performance improvement plan, sources of liquidity, expectations regarding leverage, the availability of film product, our capital expenditures, digital cinema implementation and the opening and closing of theatres. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on beliefs and assumptions of management, which in turn are based on currently available information. The forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond the Company's ability to control or predict. Important factors that could cause actual results to differ materially from those contained in any forward-looking statement include, but are not limited to:

• general economic conditions in the Company's regional and national markets;

• the Company's ability to comply with covenants contained in its senior secured credit agreement;

• the Company's ability to operate at expected levels of cash flow;

• financial market conditions including, but not limited to, changes in interest rates and the availability and cost of capital;

• the Company's ability to meet its contractual obligations, including all outstanding financing commitments;

• the availability of suitable motion pictures for exhibition in the Company's markets;

• competition in the Company's markets;

• competition with other forms of entertainment;

• identified weaknesses in internal control over financial reporting;

• the effect of the Company's leverage on its financial condition; and

• prices and availability of operating supplies;

• the impact of continued cost control procedures on operating results;

• the impact of asset impairments;

• the impact of terrorist acts;

• changes in tax laws, regulations and rates;

• financial, legal, tax, regulatory, legislative or accounting changes or actions that may affect the overall performance of our business; and

• other factors, including the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2008, under the caption "Risk Factors".

The Company believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of these in light of new information or future events.




Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1 Press release, dated November 2, 2009.


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