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DENN > SEC Filings for DENN > Form 8-K on 5-Sep-2013All Recent SEC Filings

Show all filings for DENNYS CORP

Form 8-K for DENNYS CORP


Other Events

Item 8.01 Other Events

Denny's Corporation (the "Company") has successfully completed its 6 million share stock repurchase authorization announced in May 2012. The Company has repurchased a total of 15 million shares since initiating its share repurchase program in November 2010. On April 25, 2013, the Company announced that its Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to another 10 million shares of its common stock. As of August 30, 2013, the Company had 89,506,215 shares of common stock outstanding.

On September 4, 2013, the Company adopted a pre-arranged stock trading plan for the purpose of repurchasing a limited number of shares of the Company's common stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and the Company's policies regarding stock transactions. This plan has been established in accordance with, and as a part of, the Company's stock repurchase programs previously announced on April 25, 2013. Repurchases under the Company's 10b5-1 plan will be administered through an independent broker. The plan will cover the repurchase of shares commencing no earlier than September 16, 2013 and expiring October 31, 2013. Repurchases are subject to SEC regulations as well as certain price, market volume and timing constraints specified in the plan.

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