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): April 4, 2007
MEXICAN
RESTAURANTS, INC.
(Exact
name of registrant as specified in its charter)
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Texas
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000-28234
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76-0493269
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1135
EDGEBROOK, HOUSTON, TEXAS 77034-1899
(Address
of principal executive offices) (Zip
Code)
(Registrant's
telephone number, including area code): (713)
943-7574
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:
[
] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[
] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
On
April
4, 2007, Curt Glowacki rejoined Mexican Restaurants, Inc. as President and
Chief
Executive Officer. Effective immediately, Lou Neeb, who served as interim CEO,
will continue as the Company’s non-executive chairman, which was his capacity
until his interim appointment in December 2006 upon Mr. Glowacki’s departure.
Mr.
Glowacki, age 54, served as the Company’s President from May 1998 through May
2000, and as President and Chief Executive Officer from May 2000 until December
2006, following which time he served as President of the Outback Steakhouse
brand for OSI Restaurant Partners Inc. through March 2007. Prior to May 1998,
Mr. Glowacki served in positions of increasing responsibility at Monterey’s
Tex-Mex Café, then a subsidiary of CEC Entertainment, Inc., and at Steak &
Ale Restaurants. Mr. Glowacki has been a director of the Company since May
2000.
Upon his resignation as an officer from the Company in December 2006, Mr.
Glowacki and the Company entered into a Separation Agreement and General Release
(the “Separation Agreement”) providing Mr. Glowacki with an aggregate cash
payment of $596,764, net of applicable withholding, with respect to his Company
stock options vested through December 4, 2006. The Separation Agreement was
filed as Exhibit 10.1 to the Company’s Form 8-K filed December 7,
2006.
Mr.
Glowacki’s current compensation arrangements provide for an annual base salary
of $275,000 and a car allowance of $12,000. The Company contemplates that the
amount and terms of any equity compensation to be awarded to Mr. Glowacki will
be determined at subsequent meetings of the Company’s Board of Directors and
Compensation/Stock Option Committee.
Mr.
Glowacki has no familial relationship to any other officer or director of the
Company and except for the Separation Agreement summarized above he has not
entered into and is not a party to any transaction as described by Item 404(a)
of Regulation S-K.
A
copy of
the press release describing these management changes is attached as
Exhibit 99.1 hereto.
Item
9.01. Financial
Statements and Exhibits.
(c) Exhibits.
The
following is attached as Exhibit 99.1 to this Current Report on Form
8-K:
99.1 Mexican
Restaurants, Inc. press release dated April 4, 2007.
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 hereunto
duly authorized.
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MEXICAN
RESTAURANTS, INC.
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Date:
April 9, 2007
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By:
/s/ Andrew J. Dennard
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Name:
Andrew J. Dennard
Title:
Executive Vice President, Chief Financial
Officer, Treasurer and Corporate
Secretary
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INDEX
TO
EXHIBITS
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Exhibit
No.
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Description
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99.1
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Mexican
Restaurants, Inc. press release dated April 4,
2007
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