-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LCB2Mpur5f/Z6Cj4R0sqaoGT3bQuYbkbupTwpca0fi+vzS+NNI7r18CUJaG9mW4+ V7bMKB52BIeAAfVQYWH12w== 0000898430-96-002879.txt : 19960627 0000898430-96-002879.hdr.sgml : 19960627 ACCESSION NUMBER: 0000898430-96-002879 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960626 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHART HOUSE ENTERPRISES INC CENTRAL INDEX KEY: 0000820757 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 330147725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09684 FILM NUMBER: 96585624 BUSINESS ADDRESS: STREET 1: 115 SOUTH ACACIA AVE CITY: SOLANA BEACH STATE: CA ZIP: 92075-1803 BUSINESS PHONE: 6197558281 MAIL ADDRESS: STREET 1: 115 SOUTH ACACIA AVENUE STREET 2: 115 SOUTH ACACIA AVENUE CITY: SOLANA BEACH STATE: CA ZIP: 92075-1803 11-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K [x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1995 ------------------------------- [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ------------ ------------ Commission File Number 1-9684 ------------------ CHART HOUSE ENTERPRISES, INC. 401(k) PLAN - -------------------------------------------------------------------------------- (Full title of plan) CHART HOUSE ENTERPRISES, INC. - -------------------------------------------------------------------------------- (Name of issuer of securities held pursuant to the plan) 115 South Acacia Avenue, Solana Beach, California 92075-1803 - -------------------------------------------------------------------------------- (Address of principal executive offices of issuer of securities) CHART HOUSE ENTERPRISES, INC. 401(k) PLAN FINANCIAL STATEMENTS AND SCHEDULES AS OF DECEMBER 31, 1995 AND 1994 TOGETHER WITH AUDITORS' REPORT SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. CHART HOUSE ENTERPRISES, INC. By: The 401(k) Plan Committee Date: June 14, 1996 /s/ TIMOTHY A. HALVERSON ------------------------ Timothy A. Halverson Chairman /s/ JOHN L. ANDERSON ------------------------ John L. Anderson Member /s/ CANDACE R. FORSYTHE ------------------------ Candace R. Forsythe Member /s/ LEWIS M. JACKSON ------------------------ Lewis M. Jackson Member /s/ KEITH L. HINDENLANG ------------------------ Keith L. Hindenlang Member /s/ STEPHEN J. MCGILLIN ------------------------ Stephen J. McGillin Member 2 REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS ---------------------------------------- To Chart House Enterprises, Inc.: We have audited the accompanying statements of net assets available for plan benefits of the CHART HOUSE ENTERPRISES, INC. 401(k) PLAN as of December 31, 1995 and 1994, and the related statement of changes in net assets available for plan benefits, with fund information, for the year ended December 31, 1995. These financial statements and the schedules referred to below are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements and schedules based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Chart House Enterprises, Inc. 401(k) Plan as of December 31, 1995 and 1994, and the changes in net assets available for plan benefits, with fund information, for the year ended December 31, 1995, in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules A and B are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statement of net assets available for benefits and the statement of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for plan benefits and changes in net assets available for plan benefits of each fund. These supplemental schedules, and fund information, have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. ARTHUR ANDERSEN LLP San Diego, California June 14, 1996 CHART HOUSE ENTERPRISES, INC. 401(k) PLAN Statements of Net Assets Available for Plan Benefits As of December 31, 1995 and 1994
1995 1994 ----------- ----------- Cash $ 783 $ 918 ---------- ---------- Contributions Receivable - Company - - Participant - 365 ---------- ---------- - 365 ---------- ---------- Investments, at Market Value: Equity Account 1,781,475 1,145,245 Balanced Account 1,533,739 1,029,543 Income Account 571,427 572,609 Money Market Account 1,135,420 937,176 Company Stock 1,382,595 2,099,539 Contribution and Disbursement 11,825 313 ---------- ---------- Total Investments 6,416,481 5,784,425 ---------- ---------- Total Assets 6,417,264 5,785,708 Less - Excess Contributions Payable (160,253) (123,245) Non-Allocable Forfeitures (6,749) (15,724) Overdeposit of Contribution (2,504) (11,359) ---------- ---------- Net Assets Available for Plan Benefits $6,247,758 $5,635,380 ========== ==========
The accompanying notes are an integral part of these statements. CHART HOUSE ENTERPRISES, INC. 401(k) PLAN Statement of Changes in Net Assets Available for Plan Benefits For the Year Ended December 31, 1995
MONEY COMPANY CONTRIBUTION EQUITY BALANCED INCOME MARKET STOCK DISBURSEMENT TOTAL ----------- ------------ ------------ ------------ ---------- ------------- ------------ Net Assets Available for Plan Benefits at Beginning of Year $1,145,839 $1,029,866 $ 571,020 $ 937,166 $1,951,176 $ 313 $ 5,635,380 ----------- ------------ ------------ ------------ ---------- ------------- ------------ Contributions - Company 609 543 257 - 198,893 - 200,302 Participant 421,994 361,915 141,011 194,852 262,395 - 1,382,167 ----------- ------------ ------------ ------------ ---------- ------------- ------------ 422,603 362,458 141,268 194,852 461,288 - 1,582,469 ----------- ------------ ------------ ------------ ---------- ------------- ------------ Dividend Income and Capital Gain Distributions 13,855 32,046 42,739 40,559 1,131 248 130,578 Net Appreciation (Depreciation) in Fair Value of Investments 305,537 251,701 42,046 (1,013) (706,639) 7,488 (100,880) ----------- ------------ ------------ ------------ ---------- ------------- ------------ 319,392 283,747 84,785 39,546 (705,508) 7,736 29,698 ----------- ------------ ------------ ------------ ---------- ------------- ------------ Net Transfer of Funds 63,184 23,375 (132,976) 203,099 (156,682) - - ----------- ------------ ------------ ------------ ---------- ------------- ------------ Distributions from Termination, Withdrawals and Excess Contributions (169,543) (165,707) (94,259) (239,243) (352,631) 3,776 (1,017,607) ----------- ------------ ------------ ------------ ---------- ------------- ------------ Non-Allocable Forfeitures - - - - 8,963 - 8,963 ----------- ------------ ------------ ------------ ---------- ------------- ------------ Overdeposit of Contribution - - 1,589 - 7,266 - 8,855 ----------- ------------ ------------ ------------ ---------- ------------- ------------ Net Increase (Decrease) 635,636 503,873 407 198,254 (738,082) 11,512 611,600 ----------- ------------ ------------ ------------ ---------- ------------- ------------ Net Assets Available for Plan Benefits at End of Year $1,781,475 $1,533,739 $ 571,427 $1,135,420 $1,213,872 $ 11,825 $ 6,247,758 =========== ============ ============ ============ ========== ============= ============
The accompanying notes are an integral part of this statement. CHART HOUSE ENTERPRISES, INC. 401(k) PLAN ----------------------------------------- NOTES TO FINANCIAL STATEMENTS ----------------------------- DECEMBER 31, 1995 ----------------- (1) PLAN DESCRIPTION ---------------- Chart House Enterprises, Inc. (the "Company") established the Chart House Enterprises, Inc. 401(k) (formerly "Thrift") Plan (the "Plan") effective January 1, 1986. The Plan is a defined contribution plan and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA). Participation in the Plan is available to all employees of the Company and its subsidiaries who have completed at least one year and 1,000 hours of service and who have reached the age of 21. Effective January 1, 1988, the Plan was amended to, among other things, permit participants to make voluntary pre-tax contributions pursuant to Section 401(k) of the Internal Revenue Code and provide that Company matching contributions be invested exclusively in common stock of the Company. Contributions to the Plan are made by the participants and are matched by the Company. Participants may contribute from 1% to 10% of their gross pay. The Company will make a basic matching contribution of 25% of the first 5% of a participant's contribution, not to exceed $1,250 for the Plan year, and will make a supplemental quarterly matching contribution of an additional 25% of the first 5% of a participant's contribution if the Company meets or exceeds targeted results of operations, as determined by the Board of Directors. Participant contributions are invested by the Plan's trustee in one or more specified funds (see Note 2) as designated by each participant. Company contributions are invested solely in shares of the Company's common stock. Participants are immediately vested in their own contributions and any investment earnings thereon. Vesting in the Company's matching contributions and any investment earnings thereon (the "Employer Accounts") is based on years of continuous service. A participant vests at the rate of 20% per year and becomes fully vested after five years of continuous service; however, in the event of termination due to retirement, disability or death, participants become fully vested regardless of years of service. Each participant's account is credited with the participant's contributions and the participant's share of the Company's contributions, together with earnings and losses thereon. Forfeitures of non-vested amounts resulting from participants who had terminated employment are to be used solely to offset future Company matching contributions. Upon termination of service due to retirement, disability or death, a participant may elect to receive distribution of benefits in either a lump sum or an annuity payment. If the termination of services is for any other reason, distribution of benefits will be made in a lump sum payment. -1- The Company reserves the right to change or terminate the Plan at any time. In the event of termination of the Plan, the value of each participant's account will become fully vested and non-forfeitable. The trustee of the Plan will be directed to pay all liabilities and expenses of the Plan and to distribute the assets of the Plan to the participants in accordance with the terms of the Plan. In no event may the assets of the Plan revert to the Company. (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ------------------------------------------ Description and Valuation of Investments - ---------------------------------------- In October 1992, the Company's Board of Directors adopted a resolution approving the retention of The Consulting Group, a division of Smith Barney Shearson Company, (formerly Shearson Lehman Brothers, Inc.) as advisor to the Plan. Subsequently, four new investment managers were selected to manage new equity, balanced, income and money market fund alternatives. In connection with this change, SBS Trust Company, a division of Smith Barney Shearson Company, became trustee of the Plan, effective July 1, 1993, in place of Merrill Lynch Trust Company. Investment funds available to the participants include (1) an equity fund (managed by Provident Investment Council) which invests primarily in equity securities with emphasis on capital appreciation; (2) a balanced fund (managed by Value Line Asset Management) which invests in both common stocks and higher quality fixed-income securities with equal emphasis on current income and capital appreciation; (3) an income fund (managed by Howe & Rusling Investment Management) which invests in high quality debt securities with emphasis on current income; (4) a money market fund (managed by Boston Safe Deposit and Trust Company), which invests in short-term U.S. Government Securities with emphasis on current income to the extent consistent with preservation of capital; and (5) the Company stock fund. Plan investments are held by SBS Trust Company under a trust agreement effective July 1, 1993. Investments in securities (summarized on Schedule A) are valued at their quoted market prices. Income Tax Status - ----------------- The Internal Revenue Service has notified the Plan, by letter dated June 26, 1995, that the Plan as amended is qualified under Section 401(a) of the Internal Revenue Code. Therefore, in management's opinion, the Plan is exempt from Federal and state income taxes. Accordingly, no income taxes have been provided for in the accompanying financial statements. -2- Distributions Due to Terminated Participants - -------------------------------------------- Account balances for participants that have terminated but have yet to be paid as of the end of the year have been included in the net assets available for plan benefits. These amounts will be presented as distributions in the statement of changes in net assets available for plan benefits when actually paid. At December 31, 1995 and 1994, such amounts totalled $615,498 and $410,856, respectively. (3) ADMINISTRATIVE EXPENSES ----------------------- The Plan's administrative expenses are paid by the Company. These expenses include, but are not limited to, trustee, legal and accounting fees. (4) PARTY-IN-INTEREST AND REPORTABLE TRANSACTIONS --------------------------------------------- No prohibited transactions with "parties-in-interest", as defined under ERISA, occurred during 1995. Five-percent reportable transactions, as defined under ERISA, which occurred during 1995 are summarized on Schedule B. -3- CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE A Item 27A - Schedule of Assets Held for Investment Purposes As of December 31, 1995
EQUITY ACCOUNT (MANAGED BY PROVIDENT INVESTMENT COUNCIL) Units Market Asset Description Held Cost Value - ----------------- ------- --------- --------- SHORT TERM INVESTMENTS Reserve Deposit Acct. (RDA VI) 225,203 $225,203 $226,418 EQUITIES AND CONVERTIBLES American Intl Group Inc. 187 12,996 17,297 Federal Home Ln Mtg Corp. - Common 145 7,954 12,107 Federal Natl Mtg Assn 570 48,678 70,609 First USA Inc. 480 17,877 21,300 MBNA Corp. 1,160 30,598 42,775 Amgen Inc. 340 17,712 20,187 Cardinal Health Inc. 190 7,776 10,402 Healthsouth Corp. 645 17,650 18,786 Medtronic Inc. 970 31,236 54,199 Merck & Co. Inc. 580 34,465 38,063 Oxford Health Plans Inc. 290 12,101 21,424 Pfizer Inc. 870 39,998 54,810 St. Jude Med Inc. 480 15,919 20,640 United Healthcare Corp. 650 28,803 42,494 Gillette Co. 240 7,669 12,510 Capital Cities ABC Inc. 335 25,564 41,331 Circus Circus Enterprises Inc. 320 10,081 8,920 First Data Corp. 1,642 72,930 109,809 Hospitality Franchise Sys Inc. 430 22,263 35,152 McDonalds Corp. 595 19,572 26,849 Mirage Resorts Inc. 245 8,327 8,452 Paychex Inc. 225 6,725 11,222 Service Corp. Intl. 795 33,381 34,980 Enron Corp. 930 31,290 35,456 Analog Devices Inc. 760 21,076 26,885 Andrew Corp. 422 18,987 16,141 Applied Matls Inc. 740 24,238 29,137 Automatic Data Processing Inc. 220 11,110 16,335 British Sky Broadcasting Group Plc Sponsored ADR 460 11,092 17,308 Cisco Sys Inc. 590 31,093 44,029 Computer Assoc Intl Inc. 900 43,373 51,188 Computer Sciences Corp. 380 21,935 26,695 Danka Business Sys Plc Sponsored ADR 340 7,544 12,580 Frontier Corp. 475 10,770 14,250 Glenayre Technologies Inc. 250 18,230 15,562 Hewlett Packard Co. 590 29,784 49,412
CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE A (Continued) Item 27A - Schedule of Assets Held for Investment Purposes As of December 31, 1995
EQUITY ACCOUNT - CONTINUED (MANAGED BY PROVIDENT INVESTMENT COUNCIL) Units Market Asset Description Held Cost Value - ----------------- ----------- ----------- ----------- Intel Corp. 1,140 47,706 64,695 LSI Logic Corp. 335 16,683 10,971 Microsoft Corp. 885 41,285 77,659 Oracle Corp. 1,345 32,823 56,994 3Com Corp. 670 26,023 31,239 Informix Corp. 805 21,624 24,150 SGS-Thomson Microelectronics SHS-NY Registry 350 15,685 14,088 Tyco Intl Ltd. 360 9,343 12,825 Ericsson L M Tel Co. ADR Cl B SEK 10 2,960 37,731 57,720 Autozone Inc. 915 24,553 26,421 CUC Intl Inc. 290 11,124 9,896 Cabletron System Inc. 222 10,842 17,982 MGIC Investment Corp. Wis 330 9,468 17,903 U S Robotics Corp. 350 27,601 30,713 Xilinx Inc. 410 21,584 12,505 ----------- ----------- TOTAL EQUITY ACCOUNT $ 1,390,075 $ 1,781,475 =========== ===========
CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE A (Continued) Item 27A - Schedule of Assets Held for Investment Purposes As of December 31, 1995
BALANCED ACCOUNT (MANAGED BY VALUE LINE ASSET MANAGEMENT) Units Market Asset Description Held Cost Value - ----------------- -------- -------- -------- SHORT-TERM INVESTMENTS Reserve Deposit Acct. (RDA VI) 185,853 $186,049 $192,038 GOVERNMENT United States Treasury Notes 200,000 199,375 212,906 (8/28/95 7 1/4% 2/29/2000) EQUITIES AND CONVERTIBLES American Intl Group Inc. 225 15,619 20,812 Fifth Third Bancorp 350 18,462 25,637 Green Tree Financial Corp 800 15,700 21,100 Amgen Inc. 600 20,112 35,625 Cordis Corp. 300 18,075 30,150 Medtronic Inc. 600 22,800 33,525 Merck & Co. Inc. 400 16,163 26,250 Millipore Corp. 600 20,550 24,675 Mylan Labs Inc. 1,050 20,475 24,675 Schering Plough Corp. 500 19,156 27,375 Stryker Corp. 400 17,700 21,000 Coca Cola Co. 300 17,250 22,275 Gillette Co. 500 21,156 26,062 Capital Cities ABC Inc. 400 33,775 49,350 Disney Walt Co. 400 22,200 23,550 La Quinta Inns Inc. 700 14,525 19,162 Manpower Inc Wis 600 17,550 16,875 Office Depot Inc. 700 20,300 13,737 Staples Inc. 750 14,375 18,281 Sysco Corp. 600 16,500 19,500 Clayton Homes Inc. 1,250 18,000 26,719 ADC Telecommunications Inc. 500 15,625 18,250 Andrew Corp. 400 20,500 15,300 Cisco Sys Inc. 500 17,375 37,313 Computer Assoc Intl Inc. 450 17,925 25,594 DSC Communications Corp. 300 18,900 11,062 Danka Business Sys Plc Sponsored ADR 700 19,425 25,900 Emccorp Mass 800 15,400 12,300 Intel Corp. 350 22,794 19,863 Loral Corp. 800 16,400 28,300 Microsoft Corp. 200 18,450 17,550 Motorola Inc. 300 16,350 17,100
CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE A (Continued) Item 27A - Schedule of Assets Held for Investment Purposes As of December 31, 1995
BALANCED ACCOUNT (MANAGED BY VALUE LINE ASSET MANAGEMENT) Units Market Asset Description Held Cost Value - ----------------- ---------- ---------- ----------- Oracle Corp. 500 20,688 21,188 Tellabs Inc. 400 13,600 14,800 Teradyne Inc. 800 16,450 20,100 Watkins Johnson Co. 500 22,938 21,875 Alco Std Corp. 600 24,450 27,375 First Miss Corp. 700 10,932 18,550 Firstmiss Gold Inc. 495 6,556 11,014 Great Lakes Chem Corp. 300 20,175 21,600 Praxair Inc. 1,500 32,075 50,438 Arrow Electrs Inc. 400 20,300 17,200 Black & Decker Corp. 1,400 38,225 49,350 Healthcare Compare Corp. 600 18,150 26,100 Thermo Electron Corp. 500 22,000 26,000 Cuc Intl Inc. 700 21,000 23,888 Idex Corp. 600 15,225 24,450 ---------- ----------- TOTAL BALANCED ACCOUNT $1,287,775 $ 1,533,739 ========== ===========
CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE A (Continued) Item 27A - Schedule of Assets Held for Investment Purposes As of December 31, 1995
INCOME ACCOUNT (MANAGED BY HOWE & RUSLING INVESTMENT MANAGEMENT) Units Market Asset Description Held Cost Value - ----------------- ---------- ---------- ----------- SHORT-TERM INVESTMENTS Reserve Deposit Acct. (RDA VI) 18,858 $ 18,858 $ 27,900 GOVERNMENT United States Treasury Notes 40,000 43,737 41,925 (7 1/8% 10/15/98) United States Treasury Notes 100,000 113,688 108,719 (7 7/8% 11/15/1999) United States Treasury Notes 25,000 26,539 28,375 (8 7/8% 5/15/2000) United States Treasury Notes 50,000 52,680 55,071 (7 1/2% 11/15/2001) United States Treasury Notes 50,000 49,398 52,164 (6 1/4% 2/15/2003) United States Treasury Notes 35,000 32,185 35,738 (5 7/8% 2/15/2004) United States Treasury Notes 25,000 26,617 27,750 (7 1/4% 5/15/2004) United States Treasury Bonds 100,000 123,844 128,516 (9 3/8% 2/15/2006) CORPORATE Xerox Cr Corp Note (10% 4/01/99) 25,000 29,947 27,987 Philip Morris Co. Inc. Notes (7 1/8% 12/01/1999) 25,000 26,403 25,967 Ford Motor Co. Del (9% 9/15/2001) 10,000 11,904 11,315 ---------- ----------- TOTAL INCOME ACCOUNT $ 555,800 $ 571,427 ========== ===========
CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE A (Continued) Item 27A - Schedule of Assets Held for Investment Purposes As of December 31, 1995
MONEY MARKET ACCOUNT (MANAGED BY BOSTON SAFE DEPOSIT & TRUST CO.) Units Market Asset Description Held Cost Value - ----------------- ---------- ---------- ----------- Reserve Deposit Acct. (RDA VI) 11,512 11,512 11,825 Employee Benefit Deposit Acct. (EBDA) 1,131,668 $1,131,668 $1,135,420 ---------- ----------- TOTAL MONEY MARKET ACCOUNT $1,143,180 $1,147,245 ========== =========== COMPANY STOCK ACCOUNT Units Market Asset Description Held Cost Value - ----------------- ---------- ---------- ----------- SHORT-TERM INVESTMENTS Reserve Deposit Acct. (RDA VI) 17,500 $ 17,500 $ 17,583 EQUITIES AND CONVERTIBLES Chart House Enterprises, Inc. 227,502 1,853,907 1,365,012 ---------- ----------- TOTAL COMPANY STOCK ACCOUNT $1,871,407 $1,382,595 ========== =========== TOTAL INVESTMENTS HELD $6,248,237 $6,416,481 ========== ===========
CHART HOUSE ENTERPRISES, INC. 401(k) PLAN SCHEDULE B Item 27D - Schedule of Reportable Transactions For the Year Ended December 31, 1995 SERIES OF TRANSACTIONS - ----------------------
Number in Series Dollar Value Of Identity of ----------------- ---------------------- Net Gain Party Involved Asset Description Purchases Sales Purchases Sales Cost (a) (Loss) - --------------- -------------------- --------- ----- ---------- ---------- ---------- --------- Chart House Enterprises, Inc. Common Stock 17 27 $ 411,923 $ 361,700 $ 385,139 ($ 23,439) SBS Trust Co. Reserve Deposit Account (RDA VI) 388 293 2,990,229 2,907,542 2,907,542 - SBS Trust Co. Employee Benefit Deposit Account (EBDA) 81 56 485,765 288,304 288,304 -
(a) Cost was equal to market value on transaction date. CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS ----------------------------------------- As independent public accountants, we hereby consent to the incorporation of our report included in this Annual Report on Form 11-K for the Chart House Enterprises, Inc. 401(k) Plan into the Chart House Enterprises Inc.'s previously filed Registration Statement File No. 33-34947 for the Plan. ARTHUR ANDERSEN LLP San Diego, California June 14, 1996 -----END PRIVACY-ENHANCED MESSAGE-----