BJ's Restaurants Comments on Director Nominations
March 06 2014 - 11:00AM
BJ's Restaurants, Inc. (Nasdaq:BJRI) ("BJ's") today reported that
PW Partners Atlas Fund II LP, in conjunction with Luxor Capital
Partners, LP, which collectively own approximately 12.4% of BJ's
outstanding shares, has stated its intention to nominate five
representatives to stand for election to BJ's Board of Directors at
the Company's 2014 Annual Meeting of Shareholders. BJ's also
reported today that Clinton Relational Opportunity Master Fund,
L.P., has separately informed the Company that it owns
approximately 0.48% of BJ's outstanding shares and intends to
nominate five representatives to stand for election to BJ's Board
at the Company's 2014 Annual Meeting.
BJ's has always been committed to engagement with its
shareholders, including regarding corporate governance
matters. The Board remains highly focused on creating the
optimal conditions to generate long-term value and will continue to
take actions that support the interests of all
shareholders.
The Board's Governance and Nominating Committee will review
these director nominations and will present its recommendations to
BJ's Board for inclusion in BJ's definitive proxy statement and
other materials, to be filed with the Securities and Exchange
Commission (the "SEC"). The date of BJ's 2014 Annual Meeting has
not yet been announced, and shareholders are not required to take
any action at this time.
About BJ's Restaurants, Inc.:
BJ's Restaurants, Inc. currently owns and operates 147 casual
dining restaurants under the BJ's Restaurant & Brewery®, BJ's
Restaurant & Brewhouse®, BJ's Pizza & Grill® and BJ's
Grill® brand names. BJ's Restaurants offer an innovative and
broad menu featuring award-winning, signature deep-dish pizza
complemented with generously portioned salads, appetizers,
sandwiches, soups, pastas, entrees and desserts, including the
Pizookie® dessert. Quality, flavor, value, moderate prices and
sincere service remain distinct attributes of the BJ's
experience. The Company operates several microbreweries in
addition to using independent third party brewers to produce and
distribute BJ's critically acclaimed proprietary craft beers
throughout the chain. The Company's restaurants are located in
California (64), Texas (29), Florida (15), Arizona (6), Colorado
(5), Nevada (5), Ohio (4), Washington (4), Oklahoma (3), Oregon
(3), Kentucky (2), Virginia (2), Indiana (1), Kansas (1), Louisiana
(1), Maryland (1) and New Mexico (1). Visit BJ's Restaurants,
Inc. on the Web at http://www.bjsrestaurants.com.
Important Additional Information:
The Company, its directors and certain of its executive officers
may be deemed to be participants in the solicitation of proxies
from the Company's shareholders in connection with the matters to
be considered at the Company's upcoming annual
meeting. Information concerning such participants is available
in the Company's proxy statement for the 2013 annual meeting of
shareholders filed with the SEC on April 26, 2013, and in
subsequent SEC filings on Forms 3 and 4. The Company intends to
file a proxy statement and proxy card with the SEC in connection
with any such solicitation of proxies from the Company's
shareholders. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED
TO READ SUCH PROXY STATEMENT, ACCOMPANYING PROXY CARD AND ALL OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION,
INCLUDING INFORMATION WITH RESPECT TO THE ABOVE MENTIONED
PARTICIPANTS. Shareholders will be able to obtain any proxy
statement, any amendments or supplements to the proxy statement and
other documents filed by the Company with the SEC at no charge at
the SEC's website at www.sec.gov. Copies will also be
available at no charge at the Company's website at
www.bjsrestaurants.com in the section "Investors."
CONTACT: Investor Contacts:
Greg Levin
BJ's Restaurants, Inc.
(714) 500-2400
JCIR
(212) 835-8500
bjri@jcir.com
Media Contacts:
Sard Verbinnen & Co
John Christiansen / Michael Henson
(415) 618-8750 / (212) 687-8080
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