EL POLLO LOCO HOLDINGS, INC. Item 8.01 Other Events
On
In addition, on
Shares may be repurchased from time to time on the open market, in block trades, or in privately negotiated transactions. The amount and timing of any shares repurchased under the program will be determined at the discretion of management and will depend on a number of factors, including the market price of the Company's stock, trading volume, general market and economic conditions, the Company's capital position, legal requirements, and other factors. The Company may also from time to time establish one or more plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The repurchase program does not obligate the Company to acquire any particular number of shares, and the repurchase program may be modified, suspended or discontinued at any time.
A copy of the press release announcing the special dividend and share repurchase program is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements that are
subject to risks and uncertainties. All statements other than statements of
historical fact included in this Current Report on Form 8-K are forward-looking
statements. Forward-looking statements discuss, among other things, the
Company's current expectations, intentions or beliefs relating to the Company's
financial condition, results of operations, plans, objectives, future
performance and business. You can identify forward-looking statements because
they do not relate strictly to historical or current facts. These statements may
include words such as "aim," "anticipate," "believe," "estimate," "expect,"
"forecast," "outlook," "potential," "project," "projection," "plan," "intend,"
"seek," "may," "could," "would," "will," "should," "can," "can have," "likely,"
the negatives thereof and other words and terms of similar meaning in connection
with any discussion of the timing or nature of future business, operating or
financial performance or other events. All forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ
materially from those that the Company expected. While the Company believes that
its assumptions are reasonable, the Company cautions that it is very difficult
to predict the impact of known factors, and it is impossible for the Company to
anticipate all factors that could affect its actual results. All forward-looking
statements are expressly qualified in their entirety by these cautionary
statements. You should evaluate all forward-looking statements made in this
Current Report on Form 8-K in the context of the risks and uncertainties that
could cause outcomes to differ materially from the Company's expectations. These
factors include, but are not limited to, factors that may impact the Company's
financial results and performance generally, including the impact of the
COVID-19 pandemic on the Company, its employees, its customers, its partners,
its industry and the economy as a whole, as well as the Company's franchisees'
ability to maintain operations in their individual restaurants; the Company's
ability to open new restaurants in existing and new markets and to expand the
Company's franchise system, including difficulty in finding sites and in
negotiating acceptable leases; the Company's ability to compete successfully
with other quick-service and fast casual restaurants; vulnerability to changes
in consumer preferences and economic conditions; political and social factors,
including regarding trade, immigration and customer preferences; vulnerability
to conditions in the greater
Item 9.01 Financial Statements and Exhibits.
Exhibit
No. Description
99.1 Press Release, dated
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