<HTML>
<HEAD>
<TITLE>Current Report</TITLE>
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<B><FONT SIZE=2><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">UNITED STATES </P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION </P>
<P ALIGN="CENTER">Washington, D.C. 20549 </P>
</B><P>&nbsp;</P>
<P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">FORM 8-K </P>
</B><P>&nbsp;</P>
<B><P ALIGN="CENTER">CURRENT REPORT </P>
</B><P>&nbsp;</P>
<B><P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of </P>
<P ALIGN="CENTER">the Securities Exchange Act of 1934 </P>
</B><P>&nbsp;</P>
<P ALIGN="CENTER">Date of Report (Date of earliest event reported):<B> January 10, 2007 </P>
</B><P>&nbsp;</P>
<P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<B><P ALIGN="CENTER">Champps Entertainment, Inc. </P>
</B><P ALIGN="CENTER">(Exact name of Registrant as specified in charter) </P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=595>
<TR><TD WIDTH="30%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Delaware</B></FONT></TD>
<TD WIDTH="40%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">000-22639</B></FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">04-3370491</B></FONT></TD>
</TR>
<TR><TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(State or Other Jurisdiction</P>
<P ALIGN="CENTER">of Incorporation)</FONT></TD>
<TD WIDTH="40%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(Commission</P>
<P ALIGN="CENTER">File Number)</FONT></TD>
<TD WIDTH="30%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">(IRS Employer</P>
<P ALIGN="CENTER">Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER></P>
<B><FONT SIZE=2>
<P ALIGN="CENTER">10375 Park Meadows Drive, Suite 560, Littleton, CO</B> <B>80124</P>
</B><P ALIGN="CENTER">(Address of Principal Executive Offices) (Zip Code)</P>
<P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">(303) 804-1333</P>
</B><P ALIGN="CENTER">Registrant's telephone number, including area code </P>
<P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">N/A</P>
</B><P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</P>
<P>______________________________________________________________________________________</P>
<P>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 Instructions A.2, below):</P></FONT>
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<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>[]</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP">
<FONT SIZE=2><P>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2></FONT>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=576>
<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>[]</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP">
<FONT SIZE=2><P>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2></FONT>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=576>
<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>[]</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP">
<FONT SIZE=2><P>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2></FONT>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=576>
<TR><TD WIDTH="5%" VALIGN="TOP">
<FONT SIZE=2><P>[]</FONT></TD>
<TD WIDTH="95%" VALIGN="TOP">
<FONT SIZE=2><P>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD>
</TR>
</TABLE>
<B><FONT SIZE=2>
<P>______________________________________________________________________________________</P>
<P>&nbsp;</P>
<P>Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</P>
<P>&nbsp;</P>
</B><P>On January 11, 2007, Champps Entertainment, Inc. announced that a Special Committee of its Board of Directors had decided to pursue a sale of the company and that it had entered into a letter of intent with Kinderhook Industries, LLC to sell all of its assets (other than certain tax assets) to an investment entity to be formed by Kinderhook, Champps' Chairman and CEO, Michael P. O'Donnell, and Champps' Chief Financial Officer, David D. Womack, for a purchase price of $75 million in cash, plus the assumption of all of Champps' liabilities, including its outstanding debt.</P>
<P>Copies of the letter of intent and the press release are filed as exhibits 10.1 and 99.1 hereto, respectively, and are incorporated herein by reference.  The press release originally was an attachment to the letter of intent but is being filed as a separate exhibit hereto.</P>
<B><P>Item 9.01  Financial Statements and Exhibits.</P>
</B>
<OL TYPE="a">
<OL TYPE="a">
<LI>Financial statements of business acquired.</LI>
<I><P>Not applicable&#9;</P>
</I><B>
</B><LI>Pro forma financial information.</LI>
<I><P>Not applicable</P>
</I><LI>Shell company transactions.</LI>
<I><P>Not applicable</P>
<P>&#9;</P>
</I><LI>Exhibits.</LI></OL>
</OL>
</FONT>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=518>
<TR><TD WIDTH="18%" VALIGN="TOP">
<B><FONT SIZE=2><P>Exhibit<U> </P>
<P>Number</B></U></FONT></TD>
<TD WIDTH="82%" VALIGN="TOP">
<B><U><FONT SIZE=2>
<P>Description</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="18%" VALIGN="TOP">
<FONT SIZE=2><P>Exhibit 10.1</FONT></TD>
<TD WIDTH="82%" VALIGN="TOP">
<FONT SIZE=2><P>Letter agreement dated January 10, 2007 by and between Champps Entertainment, Inc. and Kinderhook Industries, LLC</FONT></TD>
</TR>
<TR><TD WIDTH="18%" VALIGN="TOP">
<FONT SIZE=2><P>Exhibit 99.1</FONT></TD>
<TD WIDTH="82%" VALIGN="TOP">
<FONT SIZE=2><P>Press Release, dated January 11, 2007</FONT></TD>
</TR>
</TABLE>
</P>
<B><FONT SIZE=2>
<P>&nbsp;</P>
<P ALIGN="CENTER">SIGNATURE</P>
</B><P>&#9;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.<BR>
</P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P>Date: January 16, 2007&#9;&#9;&#9;&#9;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P>Champps Entertainment, Inc.&#9;&#9;             (Registrant)</FONT></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;</P>
<P>&#9;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P>&#9;&#9;&#9;&#9;&#9;&#9;</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=2><P>By: <U>/s/ David D. Womack</U>&#9;</P>
<P>       Name: David D. Womack</P>
<P>       Title:   Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2>
<P>&nbsp;</P>
<P>&nbsp;</P>
<U><P>&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;&#9;</P>
</U>
<B><P ALIGN="CENTER">EXHIBIT INDEX</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>
<TR><TD WIDTH="15%" VALIGN="TOP">
<U><FONT SIZE=2><P>Number</U>&#9;</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<U><FONT SIZE=2><P>Description</U></FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P>Exhibit 10.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=2><P>Letter agreement dated January 10, 2007 by and between Champps Entertainment, Inc. and Kinderhook Industries, LLC</P>
</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P>Exhibit 99.1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP">
<FONT SIZE=2><P>Press Release, dated January 11, 2007</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P></BODY>
</HTML>
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Current Report
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):
January 10, 2007
Champps Entertainment, Inc.
(Exact name of Registrant as specified in charter)
Delaware
000-22639
04-3370491
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
10375 Park Meadows Drive, Suite 560, Littleton, CO
80124
(Address of Principal Executive Offices) (Zip Code)
(303) 804-1333
Registrant's telephone number, including area code
N/A
(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 Instructions A.2, below):
[]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[]
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.
On January 11, 2007, Champps Entertainment, Inc. announced that a Special Committee of its Board of Directors had decided to pursue a sale of the company and that it had entered into a letter of intent with Kinderhook Industries, LLC to sell all of its assets (other than certain tax assets) to an investment entity to be formed by Kinderhook, Champps' Chairman and CEO, Michael P. O'Donnell, and Champps' Chief Financial Officer, David D. Womack, for a purchase price of $75 million in cash, plus the assumption of all of Champps' liabilities, including its outstanding debt.
Copies of the letter of intent and the press release are filed as exhibits 10.1 and 99.1 hereto, respectively, and are incorporated herein by reference.  The press release originally was an attachment to the letter of intent but is being filed as a separate exhibit hereto.
Item 9.01  Financial Statements and Exhibits.
Financial statements of business acquired.
Not applicable
Pro forma financial information.
Not applicable
Shell company transactions.
Not applicable
Exhibits.
Exhibit
Number
Description
Exhibit 10.1
Letter agreement dated January 10, 2007 by and between Champps Entertainment, Inc. and Kinderhook Industries, LLC
Exhibit 99.1
Press Release, dated January 11, 2007
SIGNATURE
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: January 16, 2007
Champps Entertainment, Inc.		             (Registrant)
By:
/s/ David D. Womack
Name: David D. Womack
Title:   Chief Financial Officer
EXHIBIT INDEX
Number
Description
Exhibit 10.1
Letter agreement dated January 10, 2007 by and between Champps Entertainment, Inc. and Kinderhook Industries, LLC
Exhibit 99.1
Press Release, dated January 11, 2007