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): March 20, 2006

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

      Delaware                         1-2207                    38-0471180
 (State or other jurisdiction   (Commission File Number)       (IRS Employer
      of incorporation)                                      Identification No.)


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


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

                                 Not Applicable
         (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))





Item 8.01.   Other Events

     On March 20, 2006,  Triarc Companies,  Inc. (the "Company")  announced that
the trustee under the  Indenture  (the  "Indenture")  governing the Company's 5%
Convertible  Notes due 2023 (the  "Notes")  has  determined  that holders of the
Notes are entitled to convert their Notes during the fiscal quarter beginning on
April 3,  2006 and  ending on July 2,  2006,  in  accordance  with the terms and
conditions of the Indenture.  Any  determination  regarding the right to convert
the Notes during any subsequent  fiscal quarter shall be made in accordance with
the terms of the Indenture. A copy of the Company's March 20, 2006 press release
making  this  announcement  and a copy of the  Notice  of the  Right to  Convert
delivered  to the holders of the Notes are  attached  hereto as Exhibit 99.1 and
Exhibit 99.2, respectively.

Item 9.01.  Financial Statements and Exhibits

(c)      Exhibits

99.1     Press Release, dated March 20, 2006.

99.2     Notice of Right to Convert, dated March 20, 2006.






                                   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.

Dated:  March 20, 2006

                             TRIARC COMPANIES, INC.



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






                                  EXHIBIT INDEX

Exhibit
Number        Description of Document
--------      -----------------------
99.1          Press Release, dated March 20, 2006.

99.2          Notice of Right to Convert, dated March 20, 2006.