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): February 16, 2006

 

 

DAVE & BUSTER’S, INC.

(Exact name of registrant as specified in its charter)

 

 

Missouri

0000943823

43-1532756

(State of

(Commission File

(IRS Employer

Incorporation)

Number)

Identification Number)

 

2481 Manana Drive

Dallas TX 75220

(Address of principal executive offices)

 

Registrant’s telephone number, including area code:    (214) 357-9588

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act

ý            Soliciting material pursuant to Rule 14a-12 of the Exchange Act

o            Pre-commencement communications pursuant to Rule 14d-2(b) Exchange Act

o            Pre-commencement communications pursuant to Rule 13e-4(c) Exchange Act

 

 



 

Item 8.01.              Other Events.

 

On December 8, 2005, Dave & Buster’s, Inc. entered into a merger agreement pursuant to which Dave & Buster’s, Inc. will be acquired by WS Midway Holdings, Inc., a newly created investment vehicle which is an affiliate of Wellspring Capital Management LLC, a New York-based private equity firm.  Upon completion of the merger, WS Midway Acquisition Sub, Inc., a wholly-owned subsidiary of WS Midway Holdings, Inc., will merge with and into Dave & Buster’s, Inc., with Dave & Buster’s, Inc. remaining as the surviving entity. The closing of the merger is subject to certain terms and conditions customary for transactions of this type, including receipt of stockholder and regulatory approvals.

 

Attached as Exhibit 99.1 is a press release dated February 16, 2006, which was issued by Dave & Buster’s, Inc. together with WS Midway Holdings, Inc. for the purpose of announcing the proposed offering of $175 million aggregate principal amount of senior notes in a private placement transaction.

 

Item 9.01.              Financial Statements and Exhibits.

 

(c)           Exhibits.  The following are filed as Exhibits to this Report.

 

99.1                                                           Press release dated February 16, 2006.

 



 

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.

 

 

DAVE & BUSTER’S, INC.

 

 

 

Date: February 16, 2006

By:

/s/ W.C.HAMMETT, JR.

 

 

W.C. Hammett, Jr.

 

 

Chief Financial Officer

 




Exhibit 99.1

News Release

For more information contact:

Jeff Elliott or Geralyn DeBusk

Halliburton Investor Relations

972-458-8000

DAVE & BUSTER’S, INC., WS MIDWAY HOLDINGS, INC. AND WS MIDWAY
ACQUISITION SUB, INC. ANNOUNCE SENIOR NOTE OFFERING

DALLAS — February 16, 2006 — Dave & Buster’s, Inc. (NYSE: DAB), WS Midway Holdings, Inc. and WS Midway Acquisition Sub, Inc. announced today that WS Midway Acquisition Sub, Inc. is seeking to raise $175 million, before discounts and expenses, through a private placement of senior notes.  The notes will be offered in the United States only to qualified institutional buyers within the meaning of Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  The notes will be offered outside the United States to non-U.S. investors pursuant to Regulation S under the Securities Act.

 

The notes will have an eight year maturity with interest payable semi-annually.

 

The net proceeds from the sale of the notes are expected to be used to finance, in part, the acquisition of Dave & Buster’s, Inc. by WS Midway Holdings, Inc., an affiliate of Wellspring Capital Management LLC, a New York-based private investment firm.  The acquisition will be effected by the merger of WS Midway Acquisition Sub, Inc., a wholly-owned subsidiary of WS Midway Holdings, Inc., with and into Dave & Buster’s, Inc., with Dave & Buster’s, Inc. remaining as the surviving entity.  The merger will be completed in accordance with the Agreement and Plan of Merger, entered into by the parties on December 8, 2005, which is described in Dave & Buster’s current report on Form 8-K filed on December 9, 2005, and in the definitive proxy materials it filed with the Securities and Exchange Commission. Upon closing of the merger, the notes will become the obligations of Dave & Buster's by operation of law.

 

The securities to be offered will not be registered under the Securities Act or any state securities laws and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

 

Celebrating over 23 years of operations, Dave & Buster’s was founded in 1982 and is one of the country’s leading upscale, restaurant/entertainment concepts with 46 locations throughout the United States and in Canada. More information on the company, including the latest investor presentation is available on the company’s Website, www.daveandbusters.com .

 

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Dave & Buster’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the company’s Annual Report or Form 10-K for the most recently ended fiscal year.