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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K/A

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

      Date of Report (date of earliest event reported): December 21, 2006

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


                                    DELAWARE
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                          (State or other jurisdiction
                               of incorporation)


                  1-2207                             38-0471180
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          (Commission File Number)        (IRS Employer Identification No.)


                280 PARK AVENUE
                  NEW YORK, NY                                 10017
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      (Address of principal executive offices)               (Zip Code)


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


                                 NOT APPLICABLE
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          (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):

     |_| 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))

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ITEM 5.02.  DEPARTURE  OF  DIRECTORS   OR  PRINCIPAL   OFFICERS;   ELECTION  OF
DIRECTORS;  APPOINTMENT OF PRINCIPAL  OFFICERS;  COMPENSATORY  ARRANGEMENTS  OF
CERTAIN OFFICERS.

            On December 28, 2006, Triarc Companies, Inc. (the "Company") issued
a Current  Report on Form 8-K that  indicated  that the  Company  will record a
non-cash charge of approximately $1.8 million for the fiscal year ended January
1, 2006 for the estimated  Black-Scholes  value of the additional stock options
granted to Messrs.  Schorr and McCarron.  This Amended  Current  Report on Form
8-K/A is being  filed  solely to clarify  that the  Company  will record such a
non-cash  charge for the fiscal year ending  December 31, 2006,  not January 1,
2006.




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                                   SIGNATURES

            Pursuant to the  requirements  of the  Securities  Exchange  Act of
1934,  Triarc  has duly  caused  this  report to be signed on its behalf by the
undersigned hereunto duly authorized.


Dated: December 29, 2006

                                          TRIARC COMPANIES, INC.



                                          By: /s/ Stuart I. Rosen
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                                              Name:   Stuart I. Rosen
                                              Title:  Senior Vice President and
                                                      Secretary











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