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):

October 26, 2016

 

THE CHEESECAKE FACTORY INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

 

0-20574

 

51-0340466

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification
No.)

 

26901 Malibu Hills Road

Calabasas Hills, California 91301

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:

(818) 871-3000

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14.d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

ITEM 2.02                                   RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

 

The following information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

 

In a press release dated October 26, 2016, The Cheesecake Factory Incorporated (the “Company”) reported financial results for the third quarter of fiscal 2016, which ended on September 27, 2016.  Total revenues were $560.0 million in the third quarter of fiscal 2016 as compared to $526.7 million in the third quarter of fiscal 2015. Net income and diluted net income per share were $34.6 million and $0.70, respectively, in the third quarter of fiscal 2016.

 

ITEM 8.01                                   OTHER EVENTS.

 

 

On October 20, 2016, the Board of Directors of the Company declared a quarterly cash dividend of $0.24 per share which will be paid on November 22, 2016 to the stockholders of record at the close of business on November 9, 2016 of each share of the Company’s common stock.

 

On October 20, 2016, the Board of Directors of the Company approved the adoption of a prearranged stock repurchase plan with Wells Fargo Securities, LLC intended to qualify for the safe harbor under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (“10b5-1 Plan”). The 10b5-1 Plan will become effective on January 3, 2017 and terminate on June 30, 2017, unless terminated sooner in accordance with its terms. Purchases may be made in the open market or through privately negotiated transactions in support of the Company’s share repurchase plan. Purchases in the open market will be made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.

 

 

 

ITEM 9.01        FINANCIAL STATEMENTS AND EXHIBITS.

 

(d)                                  Exhibits

 

99.1           Press release dated October 26, 2016 entitled, “The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2016”

 


 

SIGNATURES

 

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.

 

 

Date:  October 26, 2016

THE CHEESECAKE FACTORY
INCORPORATED

 

 

 

 

 

 

 

 

 

 

By:

/s/ W. Douglas Benn

 

 

W. Douglas Benn

 

 

Executive Vice President and Chief Financial Officer

 


 

EXHIBIT INDEX

 

Exhibit

 

Description

99.1

 

Press release dated October 26, 2016 entitled, “The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2016”

 

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