UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC 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 27, 2004
Regal Entertainment Group
(Exact Name of Registrant as Specified in Charter)
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Delaware |
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001-31315 |
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02-0556934 |
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(State or Other
Jurisdiction |
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(Commission |
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(IRS Employer |
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9110 East Nichols Avenue, Suite 200, Centennial, CO |
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80112 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code 303-792-3600 |
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N/A |
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(Former Name or Former Address, if Changed Since Last Report) |
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Item 5. Other Events and Regulation FD Disclosure.
On April 27, 2004, the board of directors of Regal Entertainment Group (“Regal”) declared a cash dividend in the amount of $0.18 per share of Class A and Class B common stock, payable on June 15, 2004 to the Class A and Class B common stockholders of record on June 1, 2004.
On April 27, 2004, Regal announced its pending acquisition of a total of 37 theatres and 384 screens from three separate theatre circuits. Regal entered into an agreement on April 26, 2004 with Signature Theatres to acquire 30 theatres comprising 309 screens in California and Hawaii. Regal also has signed agreements to acquire an additional seven theatres and 75 screens in the Northeast. Consummation of each of these announced acquisitions is subject to customary closing conditions. Regal expects the transactions to close during the second and third fiscal quarters of 2004.
Item 12. Results of Operations and Financial Condition.
On April 27, 2004, Regal announced its financial results for its first quarter ended April 1, 2004. A copy of the earnings release is furnished to the United States Securities and Exchange Commission (the “Commission”) with this current report on Form 8-K as exhibit 99.1. The earnings release contains certain non-GAAP financial measures for the periods set forth therein, including earnings per diluted share, excluding merger and restructuring expenses and amortization of deferred stock compensation (net of related tax effect). The most directly comparable GAAP financial measure to this non-GAAP financial measure is earnings per diluted share, which is set forth in the earnings release and below for the relevant periods set forth in the earnings release:
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Quarter Ended |
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April 1, 2004 |
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March 27, 2003 |
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Earnings per diluted share |
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0.16 |
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0.26 |
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Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the earnings release.
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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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REGAL ENTERTAINMENT GROUP |
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Date: April 27, 2004 |
By: |
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/s/ Amy E. Miles |
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Name: |
Amy E. Miles |
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Title: |
Chief Financial Officer |
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Exhibit Index
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Exhibit No. |
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Exhibit Description |
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99.1 |
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Regal Entertainment Group Earnings Press Release Dated April 27, 2004 |
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