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
19, 2008
DAVE
& BUSTER’S, INC.
(Exact
name of registrant as specified in its charter)
|
Missouri
(State
of
incorporation)
|
001-15007
(Commission
File
Number)
|
43-1532756
(IRS
Employer
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
o 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
February 19, 2008, Dave & Buster’s, Inc. (the “Company”) issued a press
release announcing that it had engaged Jefferies & Company, Inc. to assist
the Company in exploring a possible sale. In addition, the Company
announced the early retirement of $10 million of indebtedness under its senior
credit facility. A copy of this press release is attached hereto as Exhibit
99.
Item
9.01. Financial
Statements and Exhibits.
|
(d)
|
Exhibits.
|
|
99
|
Press
release dated February 19, 2008.
|
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 20, 2008 | By: | /s/ Jay L. Tobin |
|
Jay L. Tobin |
||
|
Senior
Vice President, General Counsel
and
Secretary
|
||
 |
EXHIBIT
99
|
|
|
News
Release
|
||
|
|
For
further information contact:
|
|
|
|
Jeff
Elliott or Geralyn DeBusk
|
|
|
Halliburton
Investor Relations
|
||
|
|
972-458-800
|
Dave
& Buster’s, Inc. Retains Jefferies & Company
to
Explore a Possible Sale; Announces Debt Reduction
DALLAS
- February 19, 2008 --
Dave
& Buster's, Inc., a leading operator of high volume entertainment/dining
complexes, today announced that it
has
retained Jefferies & Company, Inc. to assist the company in exploring a
possible sale and has reduced debt under its senior credit facility.
“The
decision to engage Jefferies & Company and reduce debt is a direct result of
our continued strong comparable store sales growth, substantial earnings growth
and significant free cash flow generation,” stated Steve King, Chief Executive
Officer. “We are pleased that we have been able to maintain our strong sales and
earnings momentum through the fourth quarter despite a tough economic
environment, and continue to successfully execute the strategic initiatives
that
we have put in place.” The company plans to issue its audited financial results
for the fiscal year ended February 3, 2008 in late April.
The
company also announced that it has made payments totaling $10.0 million toward
the early retirement of its senior credit facility during the fourth quarter
of
fiscal 2007 and currently has no borrowings outstanding under its Revolving
Credit Facility. The additional debt reduction was funded by cash generated
from
operations.
Celebrating
over 25 years of operations, Dave & Buster's was founded in 1982 and is one
of the country's premier entertainment/dining concepts with 49 locations
throughout the United States and in Canada. More information on the Company
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.