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Karcher Still Has About 9% of Carl’s Jr. Stock : Securities: However, almost all of his 1.63 million shares are pledged to secure indebtedness, according to an SEC filing.

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TIMES STAFF WRITER

Although he used most of his Carl Karcher Enterprises shares to eliminate nearly $60 million in debt, fast food pioneer Carl N. Karcher still holds about 9% of the Carl’s Jr. chain’s stock, according to a report filed Tuesday.

However, “substantially all of the 1.63 million shares are pledged to secure indebtedness,” according to the Securities and Exchange Commission filing made in connection with Karcher’s ongoing debt restructuring.

Karcher has used 815,956 shares of the company’s common stock to secure a margin account at a stock brokerage, 600,000 shares to secure financing of a redevelopment project in Anaheim, 62,000 shares for a trading account at another brokerage and about 150,000 shares to secure other debts.

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The SEC filing does not suggest that Karcher is in danger of defaulting on any of those obligations or losing any of the shares.

The SEC filing also shows that Karcher’s ongoing debt restructuring was aided by personal loans from several friends, including Disney executive Jack Lindquist and his wife, Belle. The filing didn’t say how much money the Lindquists and two other couples loaned to Karcher. However, Lindquist said Tuesday that he was “happy to help Carl. . . . I’ve known and admired Carl for 38 years. . . . He needed some help. It’s a secured loan, and I felt very confident doing it.”

Karcher, who has restructured nearly $60 million in debt in the past two months, last year borrowed $500,000 from John C. and Donna S. Crean, whose family owns the Fleetwood Enterprises recreational vehicle manufacturer in Riverside.

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