FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 27, 2004 CHECKERS DRIVE-IN RESTAURANTS, INC. (Exact name of registrant as specified in charter) DELAWARE 0-19649 58-1654960 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) 4300 WEST CYPRESS STREET, SUITE 600, TAMPA FLORIDA 33607 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (813) 283-7000 Former name or former address (if changed since last report) NOT APPLICABLE Item 9. REGULATION FD DISCLOSURE. On May 27, 2004, the Registrant issued a news release entitled "CHECKERS ANNOUNCES INCREASE TO STOCK REPURCHASE", a copy of which is attached hereto as Exhibit 99.1. 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. CHECKERS DRIVE-IN RESTAURANTS, INC. By:_________________________________ Name: Keith E. Sirois Title: Director, CEO and President Dated: May 27, 2004 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated May 27, 2004 Exhibit 99.1 CHECKERS DRIVE-IN RESTAURANTS, INC. 4300 West Cypress Street, Suite 600, Tampa, Florida 33607 * (813) 283-7000 * (813) 283-7001 CONTACT: S. Patric Plumley Chief Financial Officer 813-283-7000 CHECKERS ANNOUNCES INCREASE TO STOCK REPURCHASE Tampa, FL - May 27, 2004 - Checkers Drive-In Restaurants, Inc. (NASDAQ: CHKR) today announced that its Board of Directors has approved an increase of 500,000 shares in its previously announced share repurchase program of March 19, 2003, which now authorizes the Company to repurchase up to a total of 1.8 million shares of its common stock under the program. Per the previously announced plan, the Company may purchase common stock from time to time in the open market or in privately negotiated block purchase transactions. The amount and timing of any purchases will be at the discretion of management based on an assessment of several factors, including the price and availability of the Company's shares, the Company's financial condition and the overall market environment. Shares repurchased may be reserved for later reissue. As of May 26, 2004 the Company had repurchased a total of 904,067 shares pursuant to the plan and as of May 26, 2004, the Company had 11,999,505 shares of common stock outstanding. About Checkers Drive-In Restaurants, Inc. Checkers is headquartered in Tampa, Florida. For more information about the Company, please visit www.checkers.com. Except for historical information, this announcement contains "forward-looking" and "Safe Harbor" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. These forward-looking and Safe Harbor statements reflect management's expectations based upon currently available information and data; however, actual results are subject to future events and uncertainties, which could cause actual results to materially differ from those projected in these statements. Factors that can cause actual results to materially differ include, but are not limited to: the uncertainties associated with litigation; increased advertising, promotions and discounting by competitors which may adversely affect sales; the ability of the Company and its franchisees to open new restaurants and operate new and existing restaurants profitability; increases in food, labor, utilities, employee benefits and similar costs; economic and political conditions where the Company or its franchisees operate; and new product and concept developments by food industry competitors. Further information regarding factors that could affect the Company's financial and other results is included in the Company's Forms 10Q and 10K, filed with the Securities and Exchange Commission.