Dave & Buster’s Entertainment, Inc. Announces the Appointment of Atish Shah to its Board of Directors
April 21 2021 - 8:00AM
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) (the
“Company”), an owner and operator of entertainment and dining
venues, today announced the appointment of Atish Shah to the
Company’s Board of Directors, effective April 16, 2021.
Since April 2016, Mr. Shah has served as
Executive Vice President, Chief Financial Officer and Treasurer of
Xenia Hotels & Resorts (NYSE:XHR), a lodging REIT that owns a
select, curated portfolio of luxury and upper-upscale hotel
properties.
“We are pleased to welcome Atish as a new
independent director,” said Kevin Sheehan, newly elected Board
Chair. “He brings deep financial and upscale hospitality industry
experience to the Board that will be extremely relevant as we work
to create lasting value for our stakeholders.”
Brian Jenkins, Chief Executive Officer, said,
“Dave & Buster’s is emerging from the challenges of the past
year as a stronger, more competitive company. Atish’s hospitality
expertise and business acumen will be invaluable as we work to
fortify our leading position in the dining and entertainment
industry.”
Mr. Shah commented, “I am delighted to join Dave
& Buster’s Board of Directors and am a big believer in the
Company’s unique brand positioning and its four culture pillars. I
look forward to applying my prior experience and working closely
with my fellow Directors and the management team to guide Dave
& Buster’s on its path to higher levels of success for all
stakeholders.”
About Atish Shah
Atish Shah joined Xenia Hotels & Resorts as
Executive Vice President, Chief Financial Officer and Treasurer in
April 2016. Prior to Xenia, Mr. Shah was with Hyatt Hotels
Corporation, most recently serving as Senior Vice President,
Strategy, Financial Planning and Analysis, and Investor Relations.
He joined Hyatt in 2009 and was Interim Chief Financial Officer
from April 2015 to March 2016. Previously, he served as Senior Vice
President – Portfolio Management at Lowe Enterprises, a private
real estate company with nearly $6 billion in assets under
management. From 1998 to 2007, Mr. Shah worked for Hilton Hotels
Corporation in a variety of finance roles. He began his career in
the hospitality consulting practice of Coopers & Lybrand, LLP.
Mr. Shah earned an MBA from The Wharton School of the University of
Pennsylvania, a Master of Management in Hospitality from Cornell
University, and a B.S. with honors from Cornell University.
About Dave & Buster’s Entertainment,
Inc.
Founded in 1982 and headquartered in Dallas,
Texas, Dave & Buster's Entertainment, Inc., is the owner and
operator of 141 venues in North America that combine entertainment
and dining and offer customers the opportunity to "Eat Drink Play
and Watch," all in one location. Dave & Buster's offers a full
menu of entrées and appetizers, a complete selection of alcoholic
and non-alcoholic beverages, and an extensive assortment of
entertainment attractions centered around playing games and
watching live sports and other televised events. Dave &
Buster's currently has stores in 40 states, Puerto Rico, and
Canada.
Forward-Looking Statements
The Company cautions that this release contains
forward-looking statements, including, without limitation,
statements relating to the impact on our business and operations of
the global spread of the novel coronavirus outbreak. These
forward-looking statements involve risks and uncertainties and,
consequently, could be affected by the uncertain and unprecedented
impact of the coronavirus on our business and operations and the
related impact on our liquidity needs; our ability to satisfy
covenant requirements under our revolving credit facility; the
duration of government-mandated and voluntary shutdowns; the speed
with which our stores safely can be reopened and the level of
customer demand following reopening; the economic impact of the
coronavirus and related disruptions on the communities we serve;
our overall level of indebtedness; general business and economic
conditions, including as a result of the coronavirus; the impact of
competition; the seasonality of the Company's business; adverse
weather conditions; future commodity prices; guest and employee
complaints and litigation; fuel and utility costs; labor costs and
availability; changes in consumer and corporate spending, including
as a result of the coronavirus; changes in demographic trends;
changes in governmental regulations; unfavorable publicity, our
ability to open new stores, and acts of God. Accordingly, actual
results may differ materially from the forward-looking statements,
and the Company therefore cautions you against relying on such
forward-looking statements. Dave & Buster's intends these
forward-looking statements to speak only as of the time of this
release and does not undertake to update or revise them as more
appropriate information becomes available, except as required by
law.
For Investor Relations Inquiries:Scott Bowman, CFODave &
Buster’s Entertainment,
Inc.972.813.1151scott.bowman@daveandbusters.com
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