Current Report Filing (8-k)
22 September 2015 - 6:17AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF
1934
Date
of Report (Date of earliest event reported):
September 21, 2015
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JACK
IN THE BOX INC.
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(Exact name of registrant as specified in its charter)
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DELAWARE
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1-9390
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95-2698708
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(State or other jurisdiction
of incorporation)
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(Commission File
Number)
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(I.R.S. Employer
Identification Number)
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9330 BALBOA AVENUE, SAN DIEGO, CA
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92123
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(Address
of principal executive offices)
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(Zip
Code)
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(858)
571-2121
(Registrant’s
telephone number, including area code)
NOT
APPLICABLE
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the
following provisions (see
General Instruction A.2. below):
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
On September 21, 2015, Jack in the Box Inc. issued a press release
announcing that its Board of Directors has authorized an additional $200
million stock buyback program commencing in fiscal year 2016 and
expiring in November 2017.
A copy of the press release is attached as Exhibit 99.1.
ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(d) Exhibits.
Exhibit
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No.
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Description
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99.1
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Press Release of Jack in the Box Inc. dated September 21, 2015
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Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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JACK IN THE BOX INC.
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By:
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/s/ JERRY P. REBEL
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Jerry P. Rebel
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Executive Vice President
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Chief Financial Officer
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(Principal Financial Officer)
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(Duly Authorized Signatory)
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Date: September 21, 2015
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Exhibit 99.1
Jack in
the Box Inc. Announces New $200 Million Share Repurchase Program
SAN DIEGO--(BUSINESS WIRE)--September 21, 2015--Jack in the Box Inc.
(NASDAQ: JACK) today announced that its Board of Directors has
authorized an additional $200 million stock buyback program commencing
in fiscal year 2016 and expiring in November 2017.
During fiscal year 2015, the company repurchased approximately 3,743,000
shares at an average price of $84.71 per share, for an aggregate cost of
$317.1 million, including $65.5 million in the fourth quarter of fiscal
2015. This completed a $100 million stock buyback program authorized by
the company’s Board of Directors in May 2015.
Lenny Comma, chairman and chief executive officer, said, “Over the last
five years, we have demonstrated our commitment to returning our growing
free cash flow to shareholders through the purchase of $1 billion in
stock and the initiation of a dividend in 2014. The additional
authorization coupled with the 50 percent increase in our dividend
announced in May underscores the confidence both the management team and
our Board of Directors have in our business model and growth plans. The
amendment to our credit facility that was announced in July also
provides us with more than $400 million of additional borrowing capacity
to support our strategic priorities and comfortably maintain leverage
within a 2 to 3 times range.”
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant
company that operates and franchises Jack in the Box® restaurants,
one of the nation’s largest hamburger chains, with more than 2,200
restaurants in 21 states and Guam. Additionally, through a wholly owned
subsidiary, the company operates and franchises Qdoba Mexican Grill®,
a leader in fast-casual dining, with more than 600 restaurants in 47
states, the District of Columbia and Canada. For more information on
Jack in the Box and Qdoba, including franchising opportunities, visit www.jackinthebox.com
or www.qdoba.com.
Safe harbor statement
This press release contains forward-looking statements within the
meaning of the federal securities laws. Such statements are subject to
substantial risks and uncertainties. A variety of factors could cause
the company’s actual results to differ materially from those expressed
in the forward-looking statements, including the following: the success
of new products and marketing initiatives; the impact of competition,
unemployment, trends in consumer spending patterns and commodity costs;
the company’s ability to achieve and manage its planned growth, which is
affected by the availability of a sufficient number of suitable new
restaurant sites, the performance of new restaurants, and risks relating
to expansion into new markets; and stock market volatility. These and
other factors are discussed in the company’s annual report on Form 10-K
and its periodic reports on Form 10-Q filed with the Securities and
Exchange Commission which are available online at http://investors.jackinthebox.com
or in hard copy upon request. The company undertakes no obligation to
update or revise any forward-looking statement, whether as the result of
new information or otherwise.
CONTACT:
Jack in the Box Inc.
Investor Contact:
Carol
DiRaimo, 858-571-2407
or
Media Contact:
Brian Luscomb,
858-571-2291
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