CRACKER BARREL OLD COUNTRY STORE, INC false 0001067294 0001067294 2020-03-07 2020-03-07

 

 

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): March 10, 2020 (March 7, 2020)

 

CRACKER BARREL OLD COUNTRY STORE, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Tennessee

 

001-25225

 

62-0812904

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

305 Hartmann Drive, Lebanon, Tennessee 37087

(Address of Principal Executive Offices) (Zip code)

(615) 444-5533

(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 filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  ☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock (Par Value $0.01)

Rights to Purchase Series A Junior Participating

Preferred Stock (Par Value $0.01)

 

CBRL

 

The Nasdaq Stock Market LLC

(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

Item 7.01. Regulation FD Disclosure.

On March 7, 2020, the Board of Directors of Cracker Barrel Old Country Store, Inc. (the “Company”) authorized the Company to repurchase up to $25 million of the Company’s common stock at prices and in amounts to be determined by the executive officers of the Company from time to time, including through open market purchases, privately negotiated transactions, 10b5-1 plan purchases, and other methods. Such authorization was effective immediately and replaced the Company’s prior $50 million share repurchase authorization, the full amount of which was expended earlier this quarter. The new authorization will expire on March 5, 2021 to the extent it remains unused.

SIGNATURE

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: March 10, 2020

 

 

CRACKER BARREL OLD COUNTRY STORE, INC.

             

 

 

By:

 

/s/ Jill M. Golder

 

 

Name:

 

Jill M. Golder

 

 

Title:

 

Senior Vice President and Chief Financial Officer

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