UNITED
STATES
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 (Date of earliest event reported) June
8, 2007
Shells
Seafood Restaurants, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
|
0-28258
|
65-0427966
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
16313 N. Dale Mabry Hwy, Suite 100,
Tampa,
FL |
33618
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code:
(813) 961-0944
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 registrant under any of the following
provisions (see General Instruction A.2 below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4
(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01
|
Entry
into a Material Definitive
Agreement.
|
The
information under Item 2.01 of this Current Report on Form 8-K is incorporated
under this Item 1.01 as if set forth herein.
Item
2.01 |
Completion
of Acquisition or Disposition of
Assets.
|
Effective
as of June 8, 2007, Shells Seafood Restaurants, Inc. (the “Company”) terminated
its lease with Timothy D. Cross (the “Landlord”), for the premises located at
2561 University Drive, Coral Springs, Florida in exchange for the payment by
the
Landlord to the Company of $225,000. The Company ceased its operation of the
restaurant located on such premises on May 27, 2007 in anticipation of the
termination of such lease. A copy of the Lease Termination Agreement is filed
herewith as Exhibit 10.1
Item
9.01 |
Financial
Statements and Exhibits.
|
|
10.1
|
Lease
Termination Agreement between the Company and Timothy D.
Cross.
|
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 hereunto
duly authorized.
Date
: June 14, 2007
|
SHELLS
SEAFOOD RESTAURANTS, INC.
|
|
|
By:
|
/s/
Warren R. Nelson
|
|
|
|
Name:
|
Warren
R. Nelson
|
|
|
Title:
|
Executive
Vice President and Chief Financial Officer
|
|
|
|
|