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 23, 2020
LUBY’S, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-8308
74-1335253
(Commission File Number)
(I.R.S. Employer Identification No.)
13111 Northwest Freeway, Suite 600 Houston, Texas
77040
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code: (713) 329-6800
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 at which registered
Common Stock ($0.32 par value per share)
LUB
New York Stock Exchange
Common Stock Purchase Rights
N/A
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
 
On March 23, 2020, as the result of the COVID-19 pandemic, all senior management and other salaried employees will have their base salaries temporarily reduced by 50% until further notice. This reduction will be periodically reassessed as the situation regarding COVID-19 pandemic develops. Accordingly, the base salaries of our Named Executive Officers, other than Christopher J. Pappas who is currently receiving one dollar ($1), are temporarily reduced as follows:

Name
Temporary Base Salary
Benjamin T. Coutee
$
141,500

K. Scott Gray
$
171,000



Item 7.01. Regulation FD Disclosure.

On March 24, 2020, Luby’s, Inc. issued a press release providing an update of the Company's response to and impact from COVID-19. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 7.01.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is filed herewith.
 
Press release dated March 24, 2020




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.
 
 
Luby’s, Inc.
Date: March 24, 2020
 
By: /s/ Christopher J. Pappas
 
 
      Christopher J. Pappas
      President and Chief Executive Officer
 
 





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