Item 8.01. Other Events.

On August 17, 2012, Sonic Corp. (the "Company") issued a press release announcing that its Board of Directors has approved a stock repurchase program. Under the stock repurchase program, the Company is authorized to purchase up to $40 million of its outstanding shares of common stock from time to time, depending on share price, market conditions and other factors, as determined by the Company. The purchases may be made on the open market or in negotiated transactions, and the stock repurchase program may be extended, modified, suspended or discontinued at any time. The Company's previous stock repurchase program to purchase up to $30 million of shares of the Company, which was approved in October 2011, was completed in June 2012.

The press release is attached as Exhibit 99.