UNITED 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 8, 2007
Capital Senior Living Corporation
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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| 1-13445
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75-2678809 |
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| (Commission File Number)
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(IRS Employer Identification No.) |
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14160 Dallas Parkway
Suite 300
Dallas, Texas
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75254 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
(972) 770-5600
(Registrant’s Telephone Number, Including Area Code)
(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 2.02 Results of Operations and Financial Condition.
On May 8, 2007, Capital Senior Living Corporation (the “Company”) announced its financial
results for the quarter ended March 31, 2007 by issuing a press release. The full text of the press
release issued in connection with the announcement is attached hereto as Exhibit No. 99.1. This
information being furnished under this Item 2.02 and Exhibit 99.1 shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or
incorporated by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The
press release contains, and may implicate, forward-looking statements regarding the Company and
includes cautionary statements identifying important factors that could cause actual results to
differ materially from those anticipated.
In the press release, the Company’s management utilized non-GAAP financial measures to
describe the Company’s adjusted EBITDAR, cash earnings, cash
earnings per share and other items. Adjusted EBITDAR is calculated by adding income from operations, depreciation and
amortization and facility lease expense, each from the consolidated statement of operations. These
non-GAAP financial measures are used by management to evaluate financial performance and resource
allocation for its facilities and for the Company as a whole. These measures are commonly used as
an analytical indicator within the senior housing industry, and also serve as a measure of leverage
capacity and debt service ability. The Company has provided this information in order to enhance
investors overall understanding of the Company’s financial performance and prospects. In addition,
because the Company has historically provided this type of information to the investment community,
the Company believes that including this information provides consistency in its financial
reporting.
These non-GAAP financial measures should not be considered as measures of financial
performance under generally accepted accounting principles, and items excluded from them are
significant components in understanding and assessing financial performance. These measures should
not be considered in isolation or as an alternative to net income, cash flows generated by
operating, investing, or financing activities, earnings per share or other financial statement data
presented in the consolidated financial statements as an indicator of financial performance or
liquidity. Because these measures are not measurements determined in accordance with generally
accepted accounting principles and are thus susceptible to varying calculations, these measures as
presented may not be comparable to other similarly titled measures of other companies.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
The following exhibit to this current report on Form 8-K is not being filed but is being
furnished pursuant to Item 9.01:
99.1 Press Release dated May 8, 2007.
EXHIBIT INDEX
The following exhibit to this current report on Form 8-K is not being filed but is being
furnished pursuant to Item 9.01:
99.1 Press Release dated May 8, 2007.