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): August 11, 2005

                             TRIARC COMPANIES, INC.
               --------------------------------------------------
             (Exact name of registrant as specified in its charter)


     DELAWARE                    1-2207                     38-0471180
     -----------------           --------------             --------------
     (State or Other             (Commission                (I.R.S. Employer
     Jurisdiction of             File Number)               Identification No.)
     Incorporation)

     280 Park Avenue
     New York, NY                                          10017
     --------------------------------------------------------------------------
     (Address of principal executive offices)              (Zip Code)

     Registrant's telephone number, including area code:   (212) 451-3000

                                    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:

[ ]  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 5.02. Departure of Directors or Principal Officers; Election of Directors;
 Appointment of Principal Officers.

     On August 11, 2005,  Russell V. Umphenour,  Jr. was appointed a director of
Triarc Companies, Inc. ("Triarc" or the "Company").  Mr. Umphenour's appointment
to the Board was made in accordance  with the terms of the Agreement and Plan of
Merger (the  "Merger  Agreement")  pursuant to which the  Company  acquired  RTM
Restaurant  Group,  Inc. in July 2005. The Merger Agreement was previously filed
by the Company as Exhibit  2.1 to its  Current  Report on Form 8-K filed on July
29, 2005. Mr.  Umphenour has not been named to serve, and as of the date of this
Current  Report  in Form  8-K is not  expected  to be  named  to  serve,  on any
committee of Triarc's Board of Directors.

     Mr.  Umphenour was formerly the Chief  Executive  Officer and a significant
shareholder of the RTM Restaurant Group which, at the time of its acquisition by
Triarc (the "RTM  Acquisition"),  was the largest  franchisee  of the  Arby's(R)
restaurant system. Total consideration in the RTM Acquisition  consisted of $175
million in cash,  subject to post closing  adjustment,  plus  approximately  9.7
million  shares of  Triarc's  Class B common  stock,  Series 1, and  options  to
purchase approximately 774,000 shares of Triarc's Class B common stock, Series 1
(weighted average exercise price of $8.92),  which were issued in replacement of
existing RTM Restaurant  Group stock  options.  The combined value of the shares
and options that the Company issued in connection  with the RTM  Acquisition was
approximately $150 million, based on a closing price of $15.00 per share on July
25, 2005. In connection with the RTM Acquisition,  Arby's Restaurant Group, Inc.
("ARG"),  a wholly owned subsidiary of the Company,  also assumed  approximately
$400 million of RTM  Restaurant  Group net debt,  including  approximately  $180
million of RTM Restaurant Group capitalized lease and financing obligations. The
RTM  Acquisition  (including  the  purchase  price paid by Triarc in  connection
therewith)  was the  result of an  arm's-length  negotiated  transaction  by the
parties.

     In  connection  with  the RTM  Acquisition,  Mr.  Umphenour  received  cash
consideration  of  approximately  $64.7  million and  approximately  3.6 million
shares of Triarc's  Class B Common Stock,  Series 1. In addition,  in connection
with the RTM Acquisition,  approximately $234 million of the indebtedness of the
RTM Restaurant Group was refinanced. The refinancing also included the repayment
of approximately  $21.8 million of indebtedness  (including  prepayment fees) of
certain affiliates of the RTM Restaurant Group and Mr. Umphenour that Triarc did
not acquire (the "Other Entities").  The RTM Restaurant Group had guaranteed the
debt of the Other Entities that was repaid at the closing.  Mr.  Umphenour was a
guarantor under certain of the indebtedness of the RTM Restaurant Group that was
repaid at the closing.

     At the time the RTM Acquisition  was completed,  the Company entered into a
registration  rights  agreement  with  certain  former  shareholders  of the RTM
Restaurant  Group,  including Mr. Umphenour.  The registration  rights agreement
requires  the  Company to  register  for resale from time to time by such former
shareholders of the RTM Restaurant Group,  including Mr.  Umphenour,  all of the
shares of Class B common stock,  Series 1 that the Company  issued in connection
with the RTM Acquisition.  Under the registration rights agreement,  the Company
has agreed to keep the shelf  registration  statement  effective for a specified
period. Pursuant to the registration rights agreement, the Company has agreed to
indemnify  in  certain   circumstances  such  former  shareholders  of  the  RTM
Restaurant  Group,   including  Mr.  Umphenour,   against  certain  liabilities,
including  liabilities  under  the  Securities  Act of 1933,  as  amended,  (the
"Securities  Act"),  and such former  shareholders of the RTM Restaurant  Group,
including  Mr.  Umphenour,  have  agreed to  indemnify  the  Company  in certain
circumstances  against  certain  liabilities,  including  liabilities  under the
Securities Act.

     The Company and ARG also entered  into an escrow  agreement at the time the
RTM Acquisition was completed.  Pursuant to the escrow  agreement,  a portion of
the  shares  of  Triarc's  Class B  common  stock,  Series  1 that  were  issued
(including  approximately  0.5 million  shares issued to Mr.  Umphenour),  and a
portion of the cash that was paid (including  approximately $0.8 million paid to
Mr.  Umphenour),  in connection  with the RTM  Acquisition was deposited with an
escrow  agent as  security  for the  post-closing  adjustment  under the  Merger
Agreement and for certain  indemnification  obligations  of the former owners of
the  RTM  Restaurant  Group,   including  Mr.  Umphenour.   The  indemnification
obligations  relate in part to certain lease obligations of certain of the Other
Entities that are guaranteed by the RTM Restaurant Group.

     At  the  time  the  RTM  Acquisition  was  completed,  ARG  entered  into a
short-term lease arrangement with RTM Management  Company,  L.L.C.,  whereby ARG
will use  substantially  all of the current  headquarters  of the RTM Restaurant
Group as its headquarters, and assumed the lease between RTM Management Company,
L.L.C. and RTM Georgia,  Inc., a subsidiary of the RTM Restaurant Group, for the
current southeast regional  headquarters of the RTM Restaurant Group. Each lease
expires on February 28, 2006,  subject,  in each case, to two six-month  options
held by ARG to extend the term of such lease.  ARG may  terminate  either  lease
upon 30 days prior written notice.  Under the lease for the RTM Restaurant Group
headquarters,  the  monthly  rent is  approximately  $43,557  in  addition  to a
proportionate  share of the real estate  taxes and  operating  costs.  Under the
assumed  lease for the southeast  regional  headquarters  of the RTM  Restaurant
Group,  the monthly  rent is $10,550,  which  includes all real estate taxes and
operating costs.

     In addition,  at the time the RTM  Acquisition  was completed,  ARG entered
into a management  services agreement with certain of the Other Entities.  Under
the new agreement,  ARG will provide specified management services to certain of
the Other  Entities  in  exchange  for a monthly  payment  of  $35,500  plus the
reimbursement  of  out-of-pocket  expenses that it has incurred.  The management
services agreement will terminate on February 27, 2006.

     The RTM  Restaurant  Group,  in the ordinary  course of its business,  paid
franchise  royalties and other fees to Arby's  Franchise  Trust, a subsidiary of
the Company.  In fiscal 2004 and the first half of fiscal 2005 (prior to the RTM
Acquisition),  the RTM Restaurant Group paid an aggregate of approximately $29.3
million  and  $14.4  million,  respectively,  of  royalties  and fees to  Arby's
Franchise Trust.

     The Company guaranteed  obligations under mortgage and equipment notes that
were assumed by the RTM  Restaurant  Group in  connection  with the 1997 sale of
Company-owned  Arby's  restaurants  to  the  RTM  Restaurant  Group  (the  "1997
Transaction").  In  connection  with the RTM  Acquisition,  all such  notes that
remained   outstanding  were  refinanced  (an  aggregate   principal  amount  of
approximately  $38.0  million  as of July 3,  2005) and the  Company's  guaranty
obligations  terminated.   In  addition,  the  Company's  subsidiaries  remained
contingently  liable on certain  leases that were assumed by the RTM  Restaurant
Group  in  connection  with  the  1997  Transaction.   Those  lease  obligations
approximated  $49.0  million  as of  July  3,  2005.  As a  result  of  the  RTM
Acquisition,  the Company's  subsidiaries are now directly  responsible for such
lease payments.

     A press release  issued by the Company  relating to the  appointment of Mr.
Umphenour is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits

(c)        Exhibits

99.1       Press release of Triarc Companies, Inc. dated August 11, 2005.







                               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.


                                      TRIARC COMPANIES, INC.


                                      By: /s/STUART ROSEN
                                          ------------------
                                          Stuart I. Rosen
                                          Senior Vice President and
                                          Secretary

Dated:   August 17, 2005





                             EXHIBIT INDEX

Exhibit                    Description
-------                    -----------

99.1     Press release of Triarc Companies, Inc. dated August 11, 2005