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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED STATES</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington, D.C. 20549</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT REPORT</font></div>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of Report (Date of Earliest Event Reported) &#8211; November 18, 2011</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">CHANTICLEER HOLDINGS, INC.</font></font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Exact name of registrant as specified in its charter)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State or other jurisdiction</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(IRS Employer</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">of incorporation)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification No.)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">11220 Elm Lane, Suite 203, Charlotte, NC&#160;&#160;28277</font></font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>

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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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<div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On November 18, 2011 (the &#8220;Closing Date&#8217;), Chanticleer Holdings, Inc. (the &#8220;Company&#8221;) and seven accredited investors (&#8220;Investors&#8221;) closed a $1.125 million Convertible Debt Offering (the &#8220;Convertible Debt Offering&#8221;).&#160;&#160;The securities have been issued pursuant to an exemption under Section 4(2) and Regulation D of the Securities Act of 1933, as amended.&#160;&#160;The Convertible Debt Offering provides for using the $1.125 million principal primarily for funding international Hooters operations, with a six month term from the Closing Date.&#160;&#160;The Convertible Debt Offering is available to be used at the Company&#8217;s discretion to finance investments in new business ventures and for the Company&#8217;s general corporate working capital requirements in the ordinary course of business.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Borrowings under the Convertible Debt Offering bear interest at 18% per annum, payable quarterly in arrears.&#160;&#160;All unpaid principal and interest are due six months after the Closing Date.&#160;&#160;The principal balance and any unpaid accrued interest are convertible into the same securities or the same terms as the subsequent capital raised in connection with an offering of the Company&#8217;s securities.&#160;&#160;Certain of the borrowings are secured by a secondary lien on all of the Company&#8217;s assets.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In addition, the Company entered into a side agreement with three of the Investors which stipulated that under certain conditions they would have a seat on its Board.&#160;&#160;Michael Pruitt the Company&#8217;s CEO, has agreed to vote his shares, along with shares held by his affiliated entities, in favor of the nominee.&#160;&#160;It is further agreed that the Company&#8217;s initial nomination, of such nominee, shall be no later than its 2012 Annual Meeting.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>

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<td colspan="2" valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chanticleer Holdings, Inc.</font></td>
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<td align="left" nowrap valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/&#160;Michael Pruitt</font></td>
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<td align="left" nowrap valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Michael Pruitt</font></td>
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<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Title:&#160;&#160;&#160;</font></td>
<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief Executive Officer</font></td>
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{"company-data": {"conformed-name": "Chanticleer Holdings, Inc.", "cik": "0001106838", "assigned-sic": "8742", "irs-number": "522102141", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29507", "film-number": "111226866"}, "business-address": {"street1": "4201 CONGRESS STREET,", "street2": "SUITE 145,", "city": "CHARLOTTE", "state": "NC", "zip": "28209", "phone": "704-366-5122"}, "mail-address": {"street1": "4201 CONGRESS STREET,", "street2": "SUITE 145,", "city": "CHARLOTTE", "state": "NC", "zip": "28209"}, "former-company": {"former-conformed-name": "TULVINE SYSTEMS INC", "date-changed": "20000214"}}
Unassociated Document
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) – November 18, 2011
CHANTICLEER HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware
000-29507
20-2932652
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
file number)
Identification No.)
11220 Elm Lane, Suite 203, Charlotte, NC  28277
(Address of principal executive offices)
(704) 366-5122
Registrant's telephone number
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
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Item 1.01
Entry into a Definitive Material Agreement.
On November 18, 2011 (the "Closing Date'), Chanticleer Holdings, Inc. (the "Company") and seven accredited investors ("Investors") closed a $1.125 million Convertible Debt Offering (the "Convertible Debt Offering").  The securities have been issued pursuant to an exemption under Section 4(2) and Regulation D of the Securities Act of 1933, as amended.  The Convertible Debt Offering provides for using the $1.125 million principal primarily for funding international Hooters operations, with a six month term from the Closing Date.  The Convertible Debt Offering is available to be used at the Company's discretion to finance investments in new business ventures and for the Company's general corporate working capital requirements in the ordinary course of business.
Borrowings under the Convertible Debt Offering bear interest at 18% per annum, payable quarterly in arrears.  All unpaid principal and interest are due six months after the Closing Date.  The principal balance and any unpaid accrued interest are convertible into the same securities or the same terms as the subsequent capital raised in connection with an offering of the Company's securities.  Certain of the borrowings are secured by a secondary lien on all of the Company's assets.
In addition, the Company entered into a side agreement with three of the Investors which stipulated that under certain conditions they would have a seat on its Board.  Michael Pruitt the Company's CEO, has agreed to vote his shares, along with shares held by his affiliated entities, in favor of the nominee.  It is further agreed that the Company's initial nomination, of such nominee, shall be no later than its 2012 Annual Meeting.
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.
November 25, 2011
Chanticleer Holdings, Inc.
By:
/s/ Michael Pruitt
Name:
Michael Pruitt
Title:
Chief Executive Officer