Business Context and Reporting Period
Company: Red Robin Gourmet Burgers, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 6, 2005
Context: The filing announces the submission of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2004. This report includes restated financial results to reflect lease accounting adjustments.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced Form 10-K and the attached press release (Exhibit 99.1), which are incorporated by reference but not detailed in this 8-K document.
Material Changes and Events
- Financial Restatement: The Company has restated its 2004 results to reflect lease accounting adjustments.
- Delisting Notice: The Company received notice from The Nasdaq Stock Market, Inc. that its securities were subject to potential delisting as of April 8, 2005, due to the failure to file the 2004 Form 10-K on a timely basis.
- Listing Status: Following the filing of the 2004 Form 10-K, the Company is now current with SEC filings. A request has been filed with Nasdaq to continue the listing of common stock, which stays the delisting action pending a final determination.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the Company is now current with required SEC filings and has initiated the process to maintain its Nasdaq listing.
Risks and Contingencies: The primary risk identified is the potential delisting from Nasdaq, which is currently stayed pending the exchange's final determination. The filing explicitly states that the information contained herein is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the specific impact of the lease accounting adjustments on 2004 net income and equity by reviewing the attached Form 10-K.
- Monitor the status of the Nasdaq delisting proceeding and the final determination regarding the continuation of the stock listing.
- Review the full text of the press release (Exhibit 99.1) for detailed financial figures and management discussion not included in this summary.