On February 29, 2024, BJ's Restaurants, Inc. and Fund 1 Investments, LLC announced that they have entered into a cooperation agreement on February 27, 2024. Pursuant to the cooperation agreement, the board of directors of the Company (i) increased the size of the Board to 12 directors and appointed C. Bradford Richmond to serve on the Board with a term expiring at the 2024 annual meeting of shareholders, and (ii) agreed to nominate, support and recommend C. Bradford Richmond for election at the 2024 annual meeting.