ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
In a press release dated April 27, 2022, a copy of which is furnished as Exhibit
99.1 to this report, The Cheesecake Factory Incorporated (the "Company")
reported financial results for the first quarter of fiscal 2022.
ITEM 7.01 REGULATION FD DISCLOSURE
On April 27, 2022, the Company posted an updated Investor Presentation on the
Company's Investor Relations website at investors.thecheesecakefactory.com. A
copy of the presentation is furnished as Exhibit 99.2 hereto and is incorporated
by reference herein.
ITEM 8.01 OTHER EVENTS
On April 21, 2022, the Board of Directors (the "Board") of the Company declared
a quarterly cash dividend of $0.27 per share which will be paid on May 24, 2022
to the stockholders of record of each share of the Company's common stock at the
close of business on May 11, 2022. Future decisions to pay or to increase or
decrease dividends are at the discretion of the Board and will depend upon
operating performance and other factors.
Also on April 21, 2022, the Board reinstated the share repurchase program under
the existing authorization to repurchase shares of the Company's common stock up
to 56.0 million shares, of which approximately 2.9 million shares remain
available for repurchase.
The share repurchase program does not have an expiration date, does not require
the Company to purchase a specific number of shares and may be modified,
suspended or terminated at any time. The timing and total amount of share
repurchases will depend upon market conditions and other factors and may be made
from time to time in open market purchases, privately negotiated transactions,
accelerated share repurchase programs, issuer self-tender offers or otherwise.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 Press release dated April 27, 2022 entitled "The Cheesecake
Factory Reports Results for First Quarter of Fiscal 2022."
99.2 The Cheesecake Factory Investor Presentation dated April 27,
2022
104.1 Cover Page Interactive Data File (embedded within the inline XBRL
document)
© Edgar Online, source Glimpses