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): July 13, 2007
NATHAN'S
FAMOUS, INC.
(Exact
Name of Registrant as Specified in its Charter)
|
Delaware
|
1-3189
|
11-3166443
|
|
(State
of Incorporation)
|
(Commission
|
(I.R.S.
Employer
|
| |
File
Number)
|
Identification
No.)
|
| |
|
|
| |
|
|
|
1400
Old Country Road, Westbury, New York
|
11590
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
| |
|
|
| |
|
|
|
Registrant's
telephone number including area code
|
(516)
338-8500
|
N/A
(Former
name or former address, if changed since last report.)
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 (see
General
Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)o
o
Soliciting
material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule
13e-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01. Entry
into a Material Definitive Agreement.
On
July
13, 2007, the Registrant’s Board of Directors approved certain modifications to
the Registrant’s 2001 Stock Option Plan (the “Plan”). The amendments: 1)
eliminate the provision that enabled the Compensation Committee to issue options
with an exercise price that is less than the Fair Market Value (as defined
in
the Plan) of the Registrant’s common stock at the time of grant; 2) amend the
provision regarding the term of options to be granted under the Plan to provide
that, prospectively, such term can be no longer than five years; and 3) amend
the provisions that allow the Compensation Committee to (i) adopt, alter, amend
or revoke administrative rules, guidelines and practices governing the operation
of the Plan and (ii) amend, suspend or terminate any or all of the provisions
of
the Plan, to clarify that those provisions shall not permit the Compensation
Committee to reprice any outstanding stock options.
A
copy of
the 2001 Stock Option Plan, as modified is filed as Exhibit 10.1
hereto.
Item
9.01. Financial
Statements and Exhibits.
(d)
Exhibits.
10.1 2001
Stock Option Plan, as amended
SIGNATURE
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,
thereunder duly authorized.
| |
NATHAN'S
FAMOUS, INC.
|
| |
|
|
| |
|
|
| |
By:
|
/s/
Ronald DeVos
|
| |
Ronald
DeVos |
| |
Vice-President
Finance |
| |
and
Chief Financial Officer |
| |
(Principal
Financial and Accounting Officer) |
Dated:
July 16, 2007