ITEM 8.01. OTHER EVENTS.

On August 2, 2019, the Board of Directors of Carrols Restaurant Group, Inc, (the "Company") approved a stock repurchase plan (the "Repurchase Program") under which the Company may repurchase up to $25 million of its outstanding common stock. The authorization became effective August 2, 2019, and expires 24 months thereafter, unless terminated earlier by the Company's Board of Directors. Purchases under the Repurchase Program may be made from time to time in open market transactions at prevailing market prices or in privately negotiated transactions (including, without limitation, the use of Rule 10b5-1 plans) in compliance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

During the second quarter of 2020, the Company suspended repurchases of its common stock under the Repurchase Program due to the impact of the COVID-19 pandemic. The Company is announcing it will recommence purchasing shares of its common stock from time to time under its Repurchase Program. The Company has no obligation to repurchase additional shares of its common stock under the Repurchase Program, and the timing, actual number and value of shares purchased will depend on its stock price, trading volume, general market and economic conditions and other factors. As of the date hereof, $21.0 million was available to repurchase shares of the Company's common stock under the Repurchase Program.

ITEM 8.01. FINANCIAL STATEMENTS AND EXHIBITS.

104 Cover Page Interactive Data File (formatted as Inline XBRL)

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