BJ's Restaurants, Inc. will nominate three new, independent directors at its 2014 annual meeting. One of the directors has been appointed to the Board of Directors, effective immediately.
Under the agreement with the PW Partners/Luxor Group, Mark McEachen has been appointed to the Board of Directors and will serve on the Board's Compensation Committee and Audit Committee.
Additionally, McEachen, Patrick Walsh, and Noah Elbogen will be included on the company's slate of Board nominees for election at the 2014 Annual Meeting. Current Board members John "Jack" Grundhofer and William "Bill" Hyde will retire from the Board effective at the 2014 Annual Meeting. As a result, BJ's Board of Directors has been increased by one seat to 11 members.
"Our Board of Directors and management team remain committed to the continued execution of our national restaurant expansion plan as a key driver in building the BJ's brand and creating sustainable long-term value for our shareholders," says Jerry Deitchle, BJ's Chairman of the Board. "The new independent directors and additional initiatives announced today reflect our ongoing commitment to pursuing opportunities to steadily build shareholder value as we grow our business in a high-quality and scalable manner."
News and information presented in this release has not been corroborated by FSR, Food News Media, or Journalistic, Inc.