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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 31, 2006
NOBLE ROMAN'S, INC.
(Exact name of Company as specified in its charter)
Indiana 0-11104 35-1281154
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Virginia Avenue, Suite 800
Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
(317) 634-3377
(Company's telephone number, including area code)
Not applicable
(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 Company 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))
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Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers.
On July 31, 2006, Noble Roman's, Inc. (the "Company") hired Patrick D.
Melton, age 50, to serve as the Company's Vice President of Operations effective
as of August 1, 2006. In this newly created position, Mr. Melton will assume
responsibility for the strategic oversight and supervision of franchise
operations, including the planning process for new locations.
Mr. Melton is employed by the Company as an at-will employee at an annual
salary of $146,000. As an inducement to employment, Mr. Melton was granted an
option to purchase up to 12,500 shares of the Company's common stock at a price
equal to the market price on August 1, 2006. The Company also agreed to grant
Mr. Melton, effective as of August 1, 2007, an option to purchase up to 12,500
shares of the Company's common stock at a price equal to the market price on
August 1, 2007. Mr. Melton will also receive a car allowance of $750 per month.
Mr. Melton is also entitled to participate in any fringe benefits normally
provided to employees of the Company at comparable employment levels, including
vacation benefits, travel expense reimbursement, and health, life and disability
insurance.
Mr. Melton has over 30 years' experience in the restaurant industry. From
1997 until joining the Company, Mr. Melton was the Executive Vice President of
Operations for Souper Salad Restaurants, Inc., a 125-unit restaurant chain based
in San Antonio, TX. Prior to that, he was Regional Vice President for Hardees
Food Systems from 1995 to 1997, where he had responsibility for directing the
operations and business strategy of 120 Hardees restaurants. From 1987 to 1995,
he was part owner and Vice President of Operations for Hardees Enterprises, a
Hardees franchise organization that grew from 14 to 35 restaurants under his
leadership.
Item 9.01 Financial Statements and Exhibits.
(c) None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: August 3, 2006
NOBLE ROMAN'S, INC.
By: /s/ Paul W. Mobley
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Paul W. Mobley
Chief Executive Officer and
Chief Financial Officer