20160229 Q2 Dividend Press Release 8K

0000868611-16-000066.txt : 20160128 0000868611-16-000066.hdr.sgml : 20160128 20160128172904 ACCESSION NUMBER: 0000868611-16-000066 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160128 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160128 DATE AS OF CHANGE: 20160128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONIC CORP CENTRAL INDEX KEY: 0000868611 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 731371046 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18859 FILM NUMBER: 161370167 BUSINESS ADDRESS: STREET 1: 300 JOHNNY BENCH DRIVE CITY: OKLAHOMA CITY STATE: OK ZIP: 73104 BUSINESS PHONE: 4052255000 MAIL ADDRESS: STREET 1: 300 JOHNNY BENCH DRIVE CITY: OKLAHOMA CITY STATE: OK ZIP: 73104 8-K 1 sonc-20160128x8k.htm 8-K 20160229 Q2 Dividend Press Release 8K

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

January 27, 2016

Date of Report (Date of earliest event reported)

_____________________

SONIC CORP.

(Exact name of registrant as specified in its charter)

_____________________


Delaware	0-18859	73-1371046
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer Identification No.)
incorporation or organization)


300 Johnny Bench Drive		73104
Oklahoma City, Oklahoma		(Zip Code)
(Address of Principal Executive Offices)


	(405) 225-5000
	(Registrant’s telephone number, including area code)

_____________________

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))

Item 8.01. Other Events.

On January 28, 2016, the Company issued a press release announcing, among other events, that its Board of Directors declared a quarterly cash dividend of $.11 per share in respect of the Company’s common stock. The dividend is payable on February 19, 2016 to shareholders of record as of the close of business on February 10, 2016. The press release is attached as exhibit 99.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99 Press Release, dated January 28, 2016.

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.


	REGISTRANT:

	SONIC CORP.

Date: January 28, 2016	By: /s/ Claudia S. San Pedro
	Claudia S. San Pedro,
	Executive Vice President and Chief Financial Officer


EXHIBIT INDEX


Exhibit No.	Description
99	Press Release, dated January 28, 2016.

EX-99 2 sonc-20160128xex99.htm EX-99 20150229 Q2 Dividend Press Release


Contact:	Corey Horsch
	Vice President of Investor Relations
	and Treasurer
	(405) 225-4800

SONIC DECLARES QUARTERLY DIVIDEND

New Director R. Neal Black Elected at Annual Shareholders Meeting

OKLAHOMA CITY--(January 28, 2016)-- Sonic Corp. (NASDAQ:SONC), the nation's largest chain of drive-in restaurants, today announced that its board of directors declared a quarterly cash dividend of $0.11 per share of common stock to be paid to shareholders of record as of the close of business on February 10, 2016, with a payment date of February 19, 2016. In addition to the dividend, the company has a share repurchase authorization for up to $145 million of its common stock through August 31, 2016.

Future declaration of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of the company's board of directors.

Sonic is also pleased to announce that R. Neal Black has been elected to serve on the company’s board of directors for a three-year term ending at the annual meeting of shareholders in 2019. The election was announced today at the company’s annual shareholders’ meeting.

Black most recently served as chief executive officer, president and director of Jos. A. Bank Clothiers, Inc. from 2008 to 2014, having joined Jos. A. Bank in 2000 as executive vice president of merchandising and marketing. Prior to joining Jos. A. Bank, Black held executive positions at Saks Incorporated, Venture Stores, Gottschalks Incorporated and May Company. He is a seasoned retail management executive with a career spanning more than 35 years.

“We are pleased to welcome Neal as our newest independent director to the board. The board will benefit from Neal’s strategic planning skills and operating knowledge regarding supply chain, product development and marketing,” said Cliff Hudson, Sonic Corp. CEO.

The company also announced that existing directors Federico F. Peña, Susan E. Thronson and Cliff Hudson were re-elected to the board. Continuing board members include Tony D. Bartel, Lauren R. Hobart, Kate S. Lavelle, J. Larry Nichols, Jeffrey H. Schutz, Kathryn L. Taylor and Frank E. Richardson.

Following today’s shareholders’ meeting, Robert M. Rosenberg retired from the board of directors after more than 22 years of service. Rosenberg served as president and chief executive officer of Allied Domecq Retailing USA (“Allied”), the parent company Dunkin’ Donuts, Inc. and Baskin-Robbins, Inc., from May 1993 until his retirement in August 1998, following a 30-year career as president and chief executive officer of Dunkin’ Donuts, Inc. Rosenberg joined the Sonic Corp. board in 1993 and served on each of the audit, compensation and nominating and corporate governance committees at various time during his tenure, serving as chairman of the compensation committee for many years. “Bob’s service to Sonic and our franchisees saw the brand through

incredible growth,” said Hudson. “We are all grateful for his leadership and I am personally thankful for his partnership and mentorship these past 22 years.”

About Sonic

SONIC, America's Drive-In is the nation's largest drive-in restaurant chain serving more than 3 million customers every day. Nearly 90 percent of SONIC's 3,500 drive-in locations are owned and operated by local business men and women. For more than 60 years, SONIC has delighted guests with signature menu items, more than 1.3 million drink combinations and friendly service by iconic Carhops. To learn more about Sonic Corp. (NASDAQ/NM: SONC), please visit sonicdrivein.com or follow us on Facebook and Twitter.

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements reflect management’s expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those expressed in, or underlying, these forward-looking statements are detailed in the company’s annual and quarterly report filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly release revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required to be reported under the rules and regulations of the Securities and Exchange Commission.

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