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| FRS > SEC Filings for FRS > Form 8-K on 30-Jul-2012 | All Recent SEC Filings |
30-Jul-2012
Other Events, Financial Statements and Exhibits
On July 25, 2012, the Board of Directors of Frisch's Restaurants, Inc. took the following actions:
1 The Board of Directors authorized the Company to purchase, on the open market and in privately negotiated transactions, up to 450,000 shares of its common stock representing approximately 9 percent of the Company's total outstanding shares. The authorization allows the purchases to begin immediately and to occur from time to time over the next three years.
2 The Board of Directors declared a special one-time dividend of $9.50 per share payable September 14, 2012 to shareholders of record at the close of business on August 31, 2012. The total amount of the special dividend payment will be approximately $46.9 million based on the present number of shares outstanding.
(d) Exhibits
Exhibit 99.1 - News release issued by the Company on July 27, 2012 is filed herewith.
Exhibit 99.2 - News release issued by the Company on July 30, 2012 is filed herewith.
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