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): September 17,
2007
DENNY’S
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-18051
|
13-3487402
|
|
(State
or other jurisdiction of
|
Commission
File No.
|
(I.R.S.
Employer
|
|
Incorporation
or organization
|
Identification
No.)
|
203
East Main Street
Spartanburg,
South Carolina 29319-0001
(Address
of principal executive offices)
(Zip
Code)
(864)
597-8000
(Registrant’s
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations 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))
Item
2.05 Costs Associated with Exit or Disposal
Activities.
On
September 17, 2007, Denny's Corporation (the "Company") announced that as part
of the Company’s long-term strategic plan it is realigning its operational
structure in order to better position the Company to execute on its strategic
initiatives. The Company has reorganized its field management structure for
both
company and franchise operations as well as certain support
functions. These actions will result in the elimination of 80 to 90
positions and contribute to annual cost reductions of $8 to $9 million. The
Company expects to reinvest approximately $3 million of these savings into
initiatives to drive sales and unit growth as well as to enhance operational
performance. The realignment will result in restructuring charges of $4.0
to $4.5 million attributable to severance and other expenses.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
99.1 - Press release issued by Denny's Corporation on September 17, 2007
*
*
A copy
of the press release relating to the reorganization described above in Item
2.05
is attached to this report and is being furnished and shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), or otherwise subject to the liabilities of such
section.
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.
| Denny's Corporation | |
| Date: September 17, 2007 | /s/ Rhonda J. Parish |
| Rhonda J. Parish | |
| Executive Vice President, | |
| Chief Legal Officer and | |
| Secretary |