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: March 31, 2005
RICK'S CABARET INTERNATIONAL, INC.
(Exact Name of Registrant As Specified in Its Charter)
Texas 0-26958 76-0037324
(State Or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
10959 Cutten Road
Houston, Texas 77066
(Address Of Principal Executive Offices, Including Zip Code)
(281) 397-6730
(Registrant's Telephone Number, Including Area Code)
505 North Belt, Suite 630
Houston, Texas 77060
(281) 820-1181
(Registrant's previous office/phone)
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On March 31, 2005, we entered an Stock Purchase Agreement (the "Agreement")
with MBG Acquisition, LLC, a Delaware limited liability company ("MBG") to sell
all of the issued and outstanding shares of RCI Entertainment (Houston), Inc.,
our wholly owned subsidiary, which owned and operated an adult entertainment
cabaret known as Rick's Cabaret - South located at 15301 Gulf Freeway, Houston,
Texas (the "Club"). The Agreement provided for a sales price of $550,000 which
was paid in cash upon closing. The transaction was the result of arms-length
negotiations between the parties.
A copy of the press release related to this transaction is attached hereto
as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit Number Description
10.1 Stock Purchase Agreement
99.1 Press release dated April 6, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
RICK'S CABARET INTERNATIONAL, INC.
By: /s/ Eric Langan
-------------------
Date: April 6, 2005 Eric Langan
Chief Executive Officer, Chairman and
Chief Financial Officer