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): May 14, 2013
DineEquity, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware |
|
001-15283 |
|
95-3038279 |
(State or other jurisdiction |
|
(Commission File No.) |
|
(I.R.S. Employer |
450 North Brand Boulevard, Glendale, California |
|
91203-2306 |
(Address of principal executive offices) |
|
(Zip Code) |
(818) 240-6055
(Registrants 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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
DineEquity, Inc., a Delaware corporation, held its Annual Meeting of Stockholders (the Annual Meeting) on May 14, 2013. The following matters set forth in our Proxy Statement dated April 4, 2013, which was filed with the Securities and Exchange Commission pursuant to Regulation 14A under the Securities Exchange Act of 1934, were voted upon with the results indicated below.
Proposal One: Election of Four Class I Directors.
The nominees listed below were elected to serve as Class I directors for a three-year term with the respective votes set forth opposite their names:
|
|
For |
|
Withheld |
|
Broker Non-Votes |
Howard M. Berk |
|
15,973,904 |
|
18,658 |
|
937,558 |
|
|
|
|
|
|
|
Daniel J. Brestle |
|
15,863,450 |
|
129,112 |
|
937,558 |
|
|
|
|
|
|
|
Caroline W. Nahas |
|
14,422,816 |
|
1,569,746 |
|
937,558 |
|
|
|
|
|
|
|
Gilbert T. Ray |
|
15,971,983 |
|
20,579 |
|
937,558 |
The following directors continued in office after the Annual Meeting: Julia A. Stewart, Richard J. Dahl, Michael S. Gordon, Stephen P. Joyce, Larry A. Kay, Douglas M. Pasquale, and Patrick W. Rose.
Proposal Two: Ratification of the Appointment of Ernst & Young LLP as the Corporations Independent Auditor for the 2013 Fiscal Year.
The stockholders ratified the appointment of Ernst & Young LLP as independent auditor of the Corporation for the 2013 fiscal year. The voting results are set forth below:
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
16,812,425 |
|
114,187 |
|
3,508 |
|
0 |
Proposal Three: Approval, on an Advisory Basis, of the Compensation of the Corporations Named Executive Officers.
The stockholders approved, on an advisory basis, the compensation of the Corporations named executive officers as disclosed in the Corporations 2013 Proxy Statement. The voting results are set forth below:
For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
14,549,621 |
|
1,438,514 |
|
4,427 |
|
937,558 |
Item 7.01. Regulation FD Disclosure.
On May 14, 2013, the Corporation issued a press release announcing a second quarter 2013 dividend. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
The Board of Directors of the Corporation declared a second quarter cash dividend of $0.75 per share of common stock, payable on June 28, 2013, to the Corporations stockholders of record as of the close of business on June 14, 2013.
The information contained in this Item 7.01, including the related information set forth in the press releases attached hereto as Exhibits and incorporated by reference herein, is being furnished and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit |
|
|
Number |
|
Description |
99.1 |
|
Press Release Announcing Second Quarter 2013 Dividend issued by the Corporation on May 14, 2013 |
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 thereunto duly authorized.
Date: May 15, 2013 |
|
DINEEQUITY, INC. | |
|
|
| |
|
|
|
|
|
|
By: |
/s/ Bryan R. Adel |
|
|
|
Bryan R. Adel |
|
|
|
Senior Vice President, Legal, General |
Exhibit 99.1
Investor Contact
Ken Diptee
Executive Director, Investor Relations
DineEquity, Inc.
818-637-3632
Media Contact
Lucy Neugart and Samantha Verdile
Sard Verbinnen & Co.
415-618-8750 and 212-687-8080
DineEquity, Inc. Announces Second Quarter 2013 Dividend
|
|
|
|
Ø Board Declares a Second Quarter 2013 Dividend of $0.75 Per Share of Common Stock
|
|
|
|
|
GLENDALE, Calif., May 14, 2013 -- DineEquity, Inc. (NYSE: DIN), the parent company of Applebees Neighborhood Grill & Bar® and IHOP® restaurants, announced that its Board of Directors today declared a second quarter cash dividend of $0.75 per share of common stock. The dividend will be payable on June 28, 2013 to the Companys shareholders of record as of the close of business on June 14, 2013.
The declaration of the second quarter cash dividend demonstrates our commitment to returning cash to our shareholders. Todays announcement underscores our solid fundamentals, strong free cash flow, and less capital intensive business model, said Julia A. Stewart, Chairman and Chief Executive Officer of DineEquity, Inc.
About DineEquity, Inc.
Based in Glendale, California, DineEquity, Inc., through its subsidiaries, franchises and operates restaurants under the Applebees Neighborhood Grill & Bar and IHOP brands. With more than 3,600 restaurants combined in 17 countries, over 400 franchisees and approximately 200,000 team members (including franchisee- and company-operated restaurant employees), DineEquity is one of the largest full-service restaurant companies in the world. For more information on DineEquity, visit the Companys Web site located at www.dineequity.com.
DineEquity, Inc.
Forward-Looking Statements
Statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words such as may, will, should, expect, anticipate, believe, estimate, intend, plan and other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those expressed or implied in such statements. These factors include, but are not limited to: the effect of general economic conditions; the Companys indebtedness; risk of future impairment charges; trading volatility and the price of the Companys common stock; the Companys results in any given period differing from guidance provided to the public; the highly competitive nature of the restaurant business; the Companys business strategy failing to achieve anticipated results; risks associated with the restaurant industry; risks associated with locations of current and future restaurants; rising costs for food commodities and utilities; shortages or interruptions in the supply or delivery of food; ineffective marketing and guest relationship initiatives and use of social media; changing health or dietary preferences; our engagement in business in foreign markets; harm to our brands reputation; litigation; third-party claims with respect to intellectual property assets; environmental liability; liability relating to employees; failure to comply with applicable laws and regulations; failure to effectively implement restaurant development plans; our dependence upon our franchisees; concentration of Applebees franchised restaurants in a limited number of franchisees; credit risk from IHOP franchisees operating under our previous business model; termination or non-renewal of franchise agreements; franchisees breaching their franchise agreements; insolvency proceedings involving franchisees; changes in the number and quality of franchisees; inability of franchisees to fund capital expenditures; heavy dependence on information technology; the occurrence of cyber incidents or a deficiency in our cybersecurity; failure to execute on a business continuity plan; inability to attract and retain talented employees; risks associated with retail brand initiatives; failure of our internal controls; and other factors discussed from time to time in the Companys Annual and Quarterly Reports on Forms 10-K and 10-Q and in the Companys other filings with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date hereof and the Company assumes no obligation to update or supplement any forward-looking statements.