BJ's Restaurants Enters into a Cooperation Agreement with Fund 1 Investments
March 29, 2024 at 06:40 pm EST
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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.
BJ's Restaurants, Inc. is a casual dining restaurant. The Companyâs restaurants feature a menu with approximately 100 menu items designed to offer various items, including slow roasted entrees, such as prime rib, EnLIGHTened Entrees, such as Cherry Chipotle Glazed Salmon, original signature deep-dish pizza, the Pizookie dessert and BJs craft beers. Its craft beer is produced at five in-house brewing facilities and by independent third-party brewers using its recipes. The Company is a national restaurant chain, which owns and operates approximately 200 casual dining restaurants located in 30 states, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia and Washington.