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): May 11, 2006

                             TRIARC COMPANIES, INC.
                --------------------------------------------------
               (Exact name of registrant as specified in its charter)


    DELAWARE                       1-2207                    38-0471180
    -----------------              --------------            --------------
    (State or Other                (Commission               (I.R.S. Employer
     Jurisdiction of               File Number)              Identification No.)
     Incorporation)

     280 Park Avenue
     New York, NY                                            10017
    ---------------------------------------------------------------------------
     (Address of principal executive offices)                (Zip Code)

     Registrant's telephone number, including area code:     (212)  451-3000

                                   N/A
     --------------------------------------------------------------------------
     (Former Name or Former Address, if Changed Since Last Report)

 Check  the  appropriate  box  below if the  Form 8-K  filing  is  intended  to
 simultaneously satisfy the filing obligation 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 8.01.       Other Events

     Triarc  Companies,  Inc.  announced  today that its Board of Directors  has
approved  the second $0.15 per share  installment  of its  previously  announced
special cash dividends aggregating $0.45 per outstanding share of Class A Common
Stock  and  Class B Common  Stock,  Series  1. The  record  date for the  second
installment  of the special cash dividends is June 30, 2006 and the payment date
is July 14, 2006.  The initial $0.15  installment  of the special cash dividends
was paid on March 1, 2006.  The Board of Directors  also announced its intention
to pay the third  $0.15 per share  installment  of the  special  cash  dividends
during the fourth quarter of 2006.

     The Board of Directors also approved the payment of regular  quarterly cash
dividends  of $.08 per share on its Class A Common  Stock and $0.09 per share on
it Class B Common  Stock,  Series 1. The record date for the  regular  quarterly
cash dividends is June 1, 2006 and the payment date is June 15, 2006.

     Additionally,  Triarc's Board of Directors extended its current $50 million
Class A Common  Stock and Class B Common  Stock,  Series 1,  repurchase  program
until June 30, 2007.

     A copy of the press release  announcing such dividends and the extension of
the stock repurchase  program is filed as Exhibit 99.1 to this Current Report on
Form 8-K.

Item 9.01.        Financial Statements and Exhibits

(d)               Exhibits

99.1              Press release of Triarc Companies, Inc. dated May 11, 2006.






                                    SIGNATURE

     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.


                                    TRIARC COMPANIES, INC.


                                    By:/s/STUART ROSEN
                                       ---------------------------------
                                       Stuart I. Rosen
                                       Senior Vice President
                                       and Secretary

Dated:   May 11, 2006







                             EXHIBIT INDEX

Exhibit                       Description
-------                       -----------

99.1     Press release of Triarc Companies, Inc. dated May 11, 2006