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):
October 30, 2003
PRIME HOSPITALITY CORP.
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(Exact name of registrant as specified in its charter)
Delaware 1-6869 22-2640625
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
700 Route 46 East Fairfield, New Jersey 07004
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(Address of principal executive offices) (Zip Code)
(973) 882-1010
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(Registrant's telephone number, including area code)
Item 7. Financial Statement and Exhibits.
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(c) Exhibits:
The following exhibit is filed herewith:
99.1 Press Release dated October 30, 2003 regarding
the third quarter 2003 earnings of Prime Hospitality
Corp.
Item 12. Results of Operations and Financial Condition.
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On October 30, 2003, Prime Hospitality Corp. (the "Company") reported
third quarter 2003 earnings. For additional information regarding the Company's
third quarter 2003 earnings, please refer to the press release attached to this
report as Exhibit 99.1 (the "Press Release"), which Press Release, is
incorporated by reference herein.
At 9:30 a.m. EST on October 30, 2003, executives of the Company will
host a conference call to speak to the public, as well as various members of the
financial and investment community, regarding the Company's third quarter 2003
results.
The Company provides as additional information relating to its
operating results certain non-GAAP financial measures. In particular, the
Company provides information relating to EBITDA, which is a financial measure
that represents earnings before extraordinary items, interest expense, provision
for income taxes and depreciation and amortization and excludes interest income
on cash investments and other income. EBITDA is a not a measure of financial
performance under GAAP and should not be considered as an alternative to net
income as an indicator of the Company's operating performance or as an
alternative to cash flows as a measure of liquidity. The management of the
Company believes that the presentation of such non-GAAP measures provides
additional insight for investors into the operating results and business trends
of the Company. The Company also uses these or similar non-GAAP financial
measures (i) in its strategic planning for the Company and (ii) in evaluating
the results of operations of the Company.
The information in the Press Release is being furnished, not filed,
pursuant to this Item 12. Accordingly, the information in the Press Release will
not be incorporated by reference into any registration statement filed by the
Company under the Securities Act of 1933, as amended, unless specifically
identified therein as being incorporated therein by reference. The furnishing of
the information in this Report is not intended to, and does not, constitute a
determination or admission by the Company that the information in this Report is
material or complete, or that investors should consider this information before
making an investment decision with respect to any security of the Company.
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SIGNATURES
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 thereunto duly authorized.
PRIME HOSPITALITY CORP.
By: /S/ Richard T. Szymanski
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Name: Richard T. Szymanski
Title: Vice President, Finance
Date: October 30, 2003
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EXHIBIT INDEX
Exhibit Description
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99.1 Press Release issued October 30, 2003
regarding the Company's third quarter 2003
earnings.
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