BJ's Restaurants, Inc. Holds Annual Meeting of Shareholders; Management to Present At Two Investor Conferences in June
June 09 2010 - 5:28PM
BJ's Restaurants, Inc. (Nasdaq:BJRI) held its annual meeting of
shareholders on Tuesday, June 8, 2010. Shareholders re-elected
Gerald W. Deitchle, Peter A. Bassi, Larry D. Bouts, James A. Dal
Pozzo, J. Roger King, William L. Hyde, Jr. and John F. Grundhofer
to the Board of Directors to serve for one-year terms until the
next annual meeting. Shareholders also approved the proposed
amendments to the Company's Articles of Incorporation and 2005
Equity Incentive Plan, and also ratified the selection of Ernst
& Young LLP to serve as the Company's independent registered
public accounting firm for fiscal 2010. Management also
provided shareholders with an overview of the Company's fiscal 2009
financial results and an update on the Company's current expansion
plan and key initiatives in progress.
"Despite the recent economic challenges which have motivated
many casual dining companies to either slow or stop new unit
development and reduce their investments in the overall guest
dining experience, BJ's continues its forward momentum on both of
those fronts," commented Jerry Deitchle, Chairman and CEO. "As
a result, we continue to target double-digit annual capacity growth
for both 2010 and 2011, enabling BJ's to continue gaining market
share in the estimated $80 billion casual dining segment of the
restaurant industry. With only 96 restaurants open as of
today, we are confident that the bulk of our future growth remains
well ahead of us."
The Company also announced that management will be presenting at
two investor conferences during the month of June. The details
of the conferences are listed below:
- William Blair 30th Annual Growth Stock Conference at the Four
Seasons Hotel, Chicago, IL – The Company's presentation will begin
at approximately 11:20am (Central) on Wednesday, June 16,
2010.
- Oppenheimer 10th Annual Consumer, Gaming, Lodging & Leisure
Conference at the Four Seasons Hotel, Boston, MA – The Company's
presentation will begin at approximately 11:50am (Eastern) on
Tuesday, June 29, 2010.
The formal presentations for both the William Blair and
Oppenheimer conferences will be broadcast over the Internet.
Interested parties can listen to the presentations by accessing the
"Investors" page of the Company's website located at
www.bjsrestaurants.com. To access the live simulcast of either
presentation, please go to the Company's website at least 15
minutes prior to the presentation to download and install any
necessary audio software. Archives of the webcasts will be
made available following the live presentation for a period of 30
days from the date of the presentation.
BJ's Restaurants, Inc. currently owns and operates 96 casual
dining restaurants under the BJ's Restaurant & Brewery, BJ's
Restaurant & Brewhouse or BJ's Pizza & 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. Quality, flavor, value, moderate prices and
sincere service remain distinct attributes of the BJ's experience.
The Company operates several microbreweries which produce and
distribute BJ's critically acclaimed handcrafted beers throughout
the chain. The Company's restaurants are located in California
(50), Texas (19), Arizona (5), Colorado (3), Oregon (2), Nevada
(3), Florida (5), Ohio (2), Oklahoma (2), Kentucky (1), Indiana
(1), Louisiana (1) and Washington (2). Visit BJ's Restaurants,
Inc. on the Web at http://www.bjsrestaurants.com.
Certain statements in the preceding paragraphs and all other
statements that are not purely historical constitute
"forward-looking" statements for purposes of the Securities Act of
1933 and the Securities and Exchange Act of 1934, as amended, and
are intended to be covered by the safe harbors created
thereby. Such statements include, but are not limited to,
those regarding expected comparable restaurant sales growth in
future periods, those regarding the effect of new sales-building
initiatives, future guest traffic, as well as those regarding the
number of restaurants expected to be opened in future periods and
the timing and location of such openings. These "forward-looking"
statements involve known and unknown risks, uncertainties and other
factors which may cause actual results to be materially different
from those projected or anticipated. Factors that might cause
such differences include, but are not limited to: (i) the effect of
credit and equity market disruptions on our ability to finance our
continued expansion on acceptable terms, (ii) our ability to manage
an increasing number of new restaurant openings, (iii) construction
delays, (iv) labor shortages, (v) minimum wage increases, (vi) food
quality and health concerns, (vii) factors that impact California,
where 50 of our current 96 restaurants are located, (viii)
restaurant and brewery industry competition, (ix) impact of certain
brewery business considerations, including without limitation,
dependence upon suppliers, third party contractors and related
hazards, (x) consumer spending trends in general for casual dining
occasions, (xi) potential uninsured losses and liabilities, (xii)
fluctuating commodity costs and availability of food in general and
certain raw materials related to the brewing of our handcrafted
beers and energy, (xiii) trademark and service-mark risks, (xiv)
government regulations, (xv) licensing costs, (xvi) beer and liquor
regulations, (xvii) loss of key personnel, (xviii) inability to
secure acceptable sites, (xix) limitations on insurance coverage,
(xx) legal proceedings, (xxi) other general economic and regulatory
conditions and requirements, (xxii) the success of our key
sales-building and related operational initiatives and (xxiii)
numerous other matters discussed in the Company's filings with the
Securities and Exchange Commission, including its recent reports on
Forms 10-K, 10-Q and 8-K. The "forward-looking" statements
contained in this press release are based on current assumptions
and expectations and BJ's Restaurants, Inc. undertakes no
obligation to update or alter its "forward-looking" statements
whether as a result of new information, future events or
otherwise.
CONTACT: BJ's Restaurants, Inc.
Greg Levin
(714) 500-2400
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