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CHEESECAKE FACTORY INC FILES (8-K) Disclosing Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

July 23, 2014



ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

The following information is intended to be furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition." This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

In a press release dated July 23, 2014, The Cheesecake Factory Incorporated (the "Company") announced financial results for the Company's second quarter of fiscal 2014, which ended on July 1, 2014. The full text of the press release is furnished herewith as Exhibit 99.1 to this Report.

ITEM 8.01 OTHER EVENTS



On July 21, 2014, the Board of Directors of the Company declared a quarterly cash dividend to its stockholders. A dividend of $0.165 per share will be paid on August 19, 2014 to the stockholders of record on August 6, 2014 of each share of the Company's common stock. Future dividends, if any, will be subject to Board approval. On July 23, 2014, the Company included in its press release, attached hereto as Exhibit 99.1 and described in Item 2.02 above, an announcement of the declaration of the dividend. The full text of the press release is furnished as Exhibit 99.1 to this Report and is hereby incorporated by reference.

On July 21, 2014, the Board of Directors of the Company approved the terms of a share repurchase plan with Goldman Sachs & Co. ("Goldman Sachs ") pursuant to which the Company is authorized to repurchase shares of its common stock in open market transactions in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended ("10b-18 Plan"). The 10b-18 Plan will become effective on July 28, 2014 and terminate on August 12, 2014 unless terminated sooner in accordance with its terms.

On July 21, 2014, the Board of Directors of the Company also approved the adoption of a prearranged stock repurchase plan with Wells Fargo Securities LLC ("Wells Fargo ") intended to qualify for the safe harbor under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ("10b5-1 Plan"). The 10b5-1 Plan will become effective on September 5, 2014 and terminate on December 31, 2014, unless terminated sooner in accordance with its terms. Purchases may be made in the open market or through privately negotiated transactions in support of the Company's share repurchase plan. Purchases in the open market will be made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits 99.1 Press release dated July 23, 2014 entitled, "The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2014" 2



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Source: Edgar Glimpses


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