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|   | ☒ | Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year ended June 30, 2019. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------|

|   | ☐ | For the transition period from _____ to _____. |
|--------|---------|------------------------------------------------|

| Missouri                                                 |   | 45-3189287                           |
|----------------------------------------------------------|--------|--------------------------------------|
| (State or jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
| 3551 Plano Parkway                       |   |       |
|------------------------------------------|--------|------------|
| The Colony, Texas                        |   | 75056      |
| (Address of principal executive offices) |   | (Zip Code) |
| Title of each class           | Trading Symbol(s) | Name of each exchange on which registered |
|-------------------------------|-------------------|-------------------------------------------|
| Common Stock, $0.01 par value | RAVE              | Nasdaq Capital Market                     |

| Large accelerated filer ☐ | Accelerated filer ☐ | Non-accelerated filer ☑ | Smaller reporting company ☑ |
|---------------------------------|---------------------------|-------------------------------|-----------------------------------|
| Emerging growth company ☐ |                      |                          |                              |

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| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. |
|----------|---------------------------------------------------------|

| Name                    | Age | Positions with the Company         |
|-------------------------|-----|------------------------------------|
| Mark E. Schwarz         | 59  | Director and Chairman of the Board |
| Brian T. Bares          | 45  | Director                           |
| Clinton J. Coleman      | 42  | Director                           |
| William C. Hammett, Jr. | 73  | Director                           |
| Robert B. Page          | 60  | Director                           |
| Ramon D. Phillips       | 86  | Director                           |
| Brandon L. Solano       | 48  | Chief Executive Officer            |
| Robert W. Bafundo       | 63  | President                          |

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----

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| ITEM 11. | EXECUTIVE COMPENSATION. |
|----------|-------------------------|

| Name and Principal Position(s)                                   |   | Fiscal Year |     |   | Salary($) |   |           | Bonus($) |   |   | StockAwards($) (1) |   |   | All OtherCompensation($) (2) |      |   | Total ($) |   |
|------------------------------------------------------------------|--------|-------------|----------|--------|-----------|--------|----------------|----------|--------|--------|--------------------|--------|--------|------------------------------|-----------|--------|-----------|--------|
| Brandon L. SolanoChief Executive Officer (3)                     |   |        | 20192018 |   |      |   | ----           |     |   |   | ----               |   |   |                         | ----      |   |      |   | ---- |   |   |   | ---- |   |
| Robert W. BafundoPresident (4)                                   |   |        | 20192018 |   |      |   | 210,264189,490 |     |   |   | 29,05063,059       |   |   |                         | --74,401  |   |      |   | 2,7652,842 |   |   |   | 242,079329,792 |   |
| Mark E. Schwarz (5)Chairman                                      |   |        | 20192018 |   |      |   | ----           |     |   |   | ----               |   |   |                         | ----      |   |      |   | ---- |   |   |   | ---- |   |
| Scott CranePresident and Chief Executive Officer (6)             |   |        | 20192018 |   |      |   | 415,385400,000 |     |   |   | 184,186399,816     |   |   |                         | --635,000 |   |      |   | ---- |   |   |   | 599,5711,434,816 |   |
| Timothy E. MullanyChief  Financial Officer (7)              |   |        | 20192018 |   |      |   | 71,062298,000  |     |   |   | --56,226           |   |   |                         | --149,021 |   |      |   | 5,4005,960 |   |   |   | 76,462509,207 |   |
| Andrea K. AllenChief Accounting & Administrative Officer (8) |   |        | 20192018 |   |      |   | 202,782166,800 |     |   |   | 15,19532,984       |   |   |                         | --20,955  |   |      |   | 9021,828 |   |   |   | 218,879222,567 |   |

| (1) | Reflects the fair value of each restricted stock unit award estimated on the date of grant based on the probable outcome of certain performance conditions.  Restricted stock units represent the right to receive shares of common stock                  upon satisfaction of vesting requirements and performance conditions.  Assumptions used in calculating the grant date fair value are included in Note H to the Company’s audited financial statements included in its Annual Report on Form                  10-K for the fiscal year ended June 30, 2019.  Assuming that the highest level of performance conditions will be achieved, the grant date fair value of awards to Mr. Bafundo would be $131,632.   Restricted stock units of Mr. Crane, Mr.                  Mullany and Ms. Allen have been forfeited. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents the Company’s matching contribution to 401(k) plan. |
|-----|----------------------------------------------------------------------|

| (3) | Mr. Solano was appointed Chief Executive Officer effective October 21, 2019. |
|-----|------------------------------------------------------------------------------|

| (4) | Mr. Bafundo was appointed President on September 18, 2018. |
|-----|------------------------------------------------------------|

| (5) | Mr. Schwarz was appointed interim principal financial officer on September 25, 2019.  He does not receive any fixed compensation for his service as principal financial officer, but the board of directors may award him a discretionary                  bonus at the conclusion of his tenure.  See, “Director Compensation” below. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Mr. Crane’s tenure commenced January 9, 2017.  He ceased to be President on September 18, 2018, and his employment terminated on July 10, 2019. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Mr. Mullany’s employment terminated on July 31, 2018. |
|-----|-------------------------------------------------------------|

| (8) | Ms. Allen was appointed an executive officer on September 18, 2018.  Her employment terminated on June 13, 2019. |
|-----|-----------------------------------------------------------------------------------------------------------------------|

----

|                   |   | Option Awards                                                 |         |   | Stock Awards                                                    |   |
|------------------------|--------|---------------------------------------------------------------|--------------|--------|-----------------------------------------------------------------|--------|
| Name                   |   | Numberof SecuritiesUnderlyingUnexercisedOptions(#)Exercisable |         |   | Number ofSecuritiesUnderlyingUnexercisedOptions(#)Unexercisable |   |   | OptionExercisePrice($) |   |   | OptionExpirationDate |   |   | AwardDate (1) |   |   | Number ofUnearnedSharesUnderlyingRestrictedStock UnitsThat HaveNot Vested(#) (2) |   |   | MarketValue ofUnearnedSharesUnderlyingRestrictedStock UnitsThat HaveNot Vested($) (2)(3) |   |
| Brandon L. Solano      |   |                                                          | --           |   |                                                            |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
| Robert W. Bafundo      |   |                                                          | --           |   |                                                            |   | -- |   |   |   | -- |   |   |   | -- |   |   | 12/29/201711/15/2016 |   |   |   | 21,02913,520 |   |   |   | 64,76941,642 |   |
| Mark E. Schwarz (4)    |   |                                                          | 40,00015,000 |   |                                                            |   | -0--0- |   |   |   | 3.953.11 |   |   | 06/27/2606/25/22 |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
| Scott Crane (5)        |   |                                                          | --           |   |                                                            |   | -- |   |   |   | -- |   |   |   | -- |   |   | 12/29/201701/12/2017 |   |   |   | 133,333150,000 |   |   |   | ---- |   |
| Timothy E. Mullany (5) |   |                                                          | --           |   |                                                            |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
| Andrea K. Allen (5)    |   |                                                          | --           |   |                                                            |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |

| (1) | Restricted stock units granted November 15, 2016 and January 12, 2017 vest October 15, 2019.  Restricted stock units granted December 29, 2017 vest October 15, 2020. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Based on achieving all minimum performance conditions. |
|-----|--------------------------------------------------------|

| (3) | Based on the last closing market price of the Company’s common stock of $3.08 as of June 30, 2019. |
|-----|----------------------------------------------------------------------------------------------------------|

| (4) | Options were granted to Mr. Schwarz in his capacity as a director.  See, “Director Compensation” below. |
|-----|--------------------------------------------------------------------------------------------------------------------------|

| (5) | All stock options and restricted stock units previously granted to Mr. Crane, Mr. Mullany and Ms. Allen were forfeited when their employment terminated. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name                    |   | Fees Earned orPaid in Cash($) |   |   | OptionAwards($) (1) |   |   | Total($) |   |
|-------------------------|--------|-------------------------------|--------|--------|---------------------|--------|--------|----------|--------|
| Mark E. Schwarz         |   |                          | 30,750 |   |                |   | --     |     |   |   | 30,750 |   |
| Brian T. Bares          |   |                          | 23,500 |   |                |   | --     |     |   |   | 23,500 |   |
| Clinton J. Coleman      |   |                          | 22,000 |   |                |   | --     |     |   |   | 22,000 |   |
| William C. Hammett, Jr. |   |                          | 23,500 |   |                |   | --     |     |   |   | 23,500 |   |
| Robert B. Page          |   |                          | 24,250 |   |                |   | --     |     |   |   | 24,250 |   |
| Ramon D. Phillips       |   |                          | 25,750 |   |                |   | --     |     |   |   | 25,750 |   |

| (1) | No stock options were granted to non-employee directors in fiscal 2019.  As of June 30, 2019, Messrs. Bares, Page and Phillips held no unexercised stock options and Messrs. Schwarz, Coleman and Hammett held unexercised stock options                  for 55,000, 141,750 and 19,800 shares, respectively. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. |
|----------|-------------------------------------------------------------------------------------------------|

|  | • | Any person or group known to beneficially own more than 5% of the Company’s Common Stock; |
|--|---------|-------------------------------------------------------------------------------------------------|

|  | • | Each current director and Named Executive Officer of the Company; and |
|--|---------|-----------------------------------------------------------------------|

|  | • | All current directors and executive officers as a group. |
|--|---------|----------------------------------------------------------|

----

|   Beneficial Owner                                     |   | No. of SharesBeneficiallyOwned |      |   | PercentOf Class |   |
|------------------------------------------------------------------|--------|--------------------------------|-----------|--------|-----------------|--------|
| 5% Beneficial Owners:                                            |   |                           |      |   |            |   |
| Newcastle Partners, L.P. (1)(2)                                  |   |                           | 3,381,953 |   |            |   | 21.8 |   |
| Newcastle Partners, L.P. (3)(4)                                  |   |                           | 5,970,730 |   |            |   | 37.9 |   |
| Newcastle Capital Management, L.P. (3)(4)                        |   |                           |      |   |            |   |   |   |
| Newcastle Capital Group, L.L.C. (3)(4)                           |   |                           |      |   |            |   |   |   |
| NCM Services, Inc. (3)(4)                                        |   |                           |      |   |            |   |   |   |
| Schwarz 2012 Family Trust (3)(4)                                 |   |                           |      |   |            |   |   |   |
| Hallmark Financial Services, Inc. (3)(4)                         |   |                           |      |   |            |   |   |   |
| American Hallmark Insurance Company of Texas (3)(4)              |   |                           |      |   |            |   |   |   |
| Hallmark Insurance Company (3)(4)                                |   |                           |      |   |            |   |   |   |
| Hallmark Specialty Insurance Company (3)(4)                      |   |                           |      |   |            |   |   |   |
| Mark E. Schwarz (3)(4)                                           |   |                           |           |   |            |   |  |   |
| Directors and Named Executive Officers:                          |   |                           |      |   |            |   |   |   |
| Mark E. Schwarz (3)(4)                                           |   |                           | 5,970,730 |   |            |   | 37.9 |   |
| Brian T. Bares                                                   |   |                           | 1,388,715 |   |            |   | 9.2 |   |
| Clinton J. Coleman (5)                                           |   |                           | 288,578   |   |            |   | 1.9 |   |
| William C. Hammett, Jr. (5)                                      |   |                           | 36,900    |   |            |   | * |   |
| Robert B. Page                                                   |   |                           | --        |   |            |   | -- |   |
| Ramon D. Phillips (6)                                            |   |                           | 16,923    |   |            |   | * |   |
| Brandon L. Solano                                                |   |                           | --        |   |            |   | -- |   |
| Robert W. Bafundo                                                |   |                           | --        |   |            |   | * |   |
| Scott Crane (7)                                                  |   |                           | 387,272   |   |            |   | 2.6 |   |
| Timothy E. Mullany (7)                                           |   |                           | --        |   |            |   | -- |   |
| Andrea K. Allen (7)                                              |   |                           | --        |   |            |   | -- |   |
| All directors, nominees and current executive officers (3)(4)(5) |   |                           | 7,701,846 |   |            |   | 48.3 |   |

| (1) | The general partner of Newcastle Partners, L.P. (“NP”) is Newcastle Capital Management, L.P. (“NCM”), the general partner of NCM is Newcastle Capital Group, L.L.C. (“NCG”), the sole member of NCG is NCM Services, Inc. (“NCMS”), the                  sole shareholder of NCMS is the Schwarz 2012 Family Trust (“Schwarz Trust”) and the sole trustee of the Schwarz Trust is Mark E. Schwarz. Accordingly, each of NCM, NCG, NCMS, the Schwarz Trust and Mr. Schwarz may be deemed to beneficially                  own the shares of Common Stock directly owned by NP. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes 2,989,453 shares directly owned by NP and 392,500 shares which may be acquired upon conversion of 4% Convertible Senior Notes due 2022 (“Convertible Notes”). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | NP, NCM, NCG, NCMS, the Schwarz Trust, Mr. Schwarz, Hallmark Financial Services, Inc. (“HFS”), American Hallmark Insurance Company of Texas (“AHIC”), Hallmark Insurance Company (“HIC”) and Hallmark Specialty Insurance Company (“HSIC”)                  may be considered a “group” for purposes of Section 13(d)(3) of the Exchange Act.  Accordingly, each member of such group may be deemed to share voting and investment power over and beneficially own all shares of the Common Stock owned by                  all other members of the group.   The address for NP, NCM, NCG, NCMS, the Schwarz Trust and Mr. Schwarz is 200 Crescent Court, Suite 1400, Dallas, Texas 75201.  The address for HFS, AHIC, HIC and HSIC is 5420 Lyndon B Johnson Freeway,                  Suite 1100, Dallas, Texas 75240. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Includes (a) 2,989,453 shares directly owned by NP and 392,500 shares which may be acquired upon conversion of Convertible Notes, (b) 1,741,230 shares directly owned by AHIC and 79,700 shares which may be acquired upon conversion of                  Convertible Notes, (c) 252,428 shares directly owned by HIC and 46,700 shares which may be acquired upon conversion of Convertible Notes, (d) 252,428 shares directly owned by HSIC and 46,700 shares which may be acquired upon conversion of                  Convertible Notes, and (e) 100,691 shares directly owned by Mr. Schwarz, 13,900 shares which may be acquired upon conversion of Convertible Notes and 55,000 shares which may be acquired pursuant to currently exercisable stock options. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5) | Includes the following shares which may be acquired upon conversion of Convertible Notes: (a) for Mr. Coleman, 40,150 shares; and (b) for Mr. Hammett, 2,100 shares. Includes the following shares which may be acquired pursuant to                  currently exercisable options:  (a) for Mr. Coleman, 141,750 shares; and (b) for Mr. Hammett, 19,800 shares. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Includes 5,333 shares over which Mr. Phillips shares voting and dispositive power by virtue of his position as a director and officer of the corporation holding such shares. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Was not an executive officer as of October 24, 2019.  With respect to Mr. Crane, represents shares held at the time employment terminated on July 10, 2019. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE. |
|----------|---------------------------------------------------------------------------|

| Name                    | Executive | Audit  | Compensation | Nominating &Governance |
|-------------------------|-----------|--------|--------------|----------------------------|
| Mark E. Schwarz         | X         |   |         |                       |
| Brian T. Bares          |      |   | X            | X                          |
| Clinton J. Coleman      |      |   |         |                       |
| William C. Hammett, Jr. |      | X      |         | X                          |
| Robert B. Page          | X         | X      | X            |                       |
| Ramon D. Phillips       | X         | X      | X            |                       |

| ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES. |
|----------|-----------------------------------------|

|       |   | 2019 |    |   | 2018   |   |
|------------|--------|------|---------|--------|--------|--------|
| Audit Fees |   | $    | 110,115 |   |   | $      | 138,641 |   |
| Tax Fees   |   | $    | 47,232  |   |   | $      | 73,139 |   |
| Total      |   | $    | 157,347 |   |   | $      | 211,780 |   |

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| ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. |
|----------|---------------------------------------------|

| (a) 3. | Exhibits: |                                                                   |
|--------|-----------|------------------------------------------------------------------------|
|   |      |                                                                   |
|   | 31.3      | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer. |
|   |      |                                                                   |
|   | 31.4      | Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer. |
|   |      |                                                                   |
|   | 102       | Interactive data files pursuant to Rule 405 of Regulation S-T.         |

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|                   | Rave Restaurant Group, Inc. |
|------------------------|-----------------------------|
| Date: October 25, 2019 | By:                         | /s/ Brandon L. Solano |
|                   |                        |  | Brandon L. Solano |
|                   |                        |  | Chief Executive Officer |
| Name and Position                                               |   | Date             |   |
|-----------------------------------------------------------------|--------|------------------|--------|
| /s/ Brandon L. Solano                                           |   | October 25, 2019 |   |
| Brandon L. Solano                                               |   |             |   |
| Chief Executive Officer(Principal Executive Officer)            |   |             |   |
|                                                            |   |             |   |
| /s/Mark E. Schwarz                                              |   | October 25, 2019 |   |
| Mark E. Schwarz                                                 |   |             |   |
| Director and Chairman of the Board(Principal Financial Officer) |   |             |   |
|                                                            |   |             |   |
| /s/Ramon D. Phillips                                            |   | October 25, 2019 |   |
| Ramon D. Phillips                                               |   |             |   |
| Director and Vice Chairman of the Board                         |   |             |   |
|                                                            |   |             |   |
| /s/ Brian T. Bares                                              |   | October 25, 2019 |   |
| Brian T. Bares                                                  |   |             |   |
| Director                                                        |   |             |   |
|                                                            |   |             |   |
| /s/Robert B. Page                                               |   | October 25, 2019 |   |
| Robert B. Page                                                  |   |             |   |
| Director                                                        |   |             |   |
|                                                            |   |             |   |
| /s/ William C. Hammett, Jr.                                     |   | October 25, 2019 |   |
| William C. Hammett, Jr.                                         |   |             |   |
| Director                                                        |   |             |   |
|                                                            |   |             |   |
| /s/ Clinton J. Coleman                                          |   | October 25, 2019 |   |
| Clinton J. Coleman                                              |   |             |   |
| Director                                                        |   |             |   |

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