As of January 31, 2024, who is Hardees' sole stockholder?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
ent portion | 5 196,207 |
(1) Although we have legally transferred title of the sale-leaseback properties, we have included an obligation to convey, for accounting purposes, the sale-leaseback assets at the end of the primary lease term. This obligation was established in acquisition accounting and based on the estimated residual value of the sale-leaseback assets at the end of the primary lease term.
NOTE 11 — OTHER LONG-TERM LIABILITIES
Other long-term liabilities as of January 31, 2025 and 2024 consisted of the following:
| | 2025 | 2024 | |-------------------------------------------------
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees' 2025 Franchise Disclosure Document, as of January 31, 2024, CKE Holding Corporation is the sole stockholder of CKE Restaurants. CKE Restaurants had 100 shares of $0.01 par value common stock issued and outstanding. Each share entitles the holder to one vote and eligibility for dividend payments.
During the fiscal year 2025, Hardees paid a cash dividend of $90,000 to CKE Holding Corporation. No dividends were declared or paid in fiscal year 2024.
Prospective franchisees should note that the ability of CKE Restaurants to declare and pay dividends may be limited by certain covenants and restrictions included in the Indenture governing the Senior Notes.