Preliminary Voting Shows Noble Roman’s’ Stockholders Prefer Copperud 78% to 22% Over Mobley
July 24 2023 - 5:47PM
Business Wire
Preliminary results for the election of a Class III director at
the 2023 annual meeting of stockholders of Noble Roman’s, Inc.
(“NROM”), originally scheduled for July 6, 2023, adjourned to
August 10, 2023, shows shareholders favor Gary Copperud, BT Brands,
Inc.’s nominee, over Scott Mobley, NROM’s nominee, by nearly a 3:1
margin 10,188,563 (78.1%) to 2,851,046 (21.8%).
BT Brands nominated Mr. Copperud to serve as a director of NROM
to add a fresh perspective to the NROM board, including reviews of
policies concerning executive compensation and corporate borrowing.
Preliminary voting results show that NROM’s shareholders
overwhelmingly support BT Brands’ efforts to elect Mr. Copperud to
replace Mr. Mobley on NROM’s board of directors.
NROM previously notified BT Brands that Mr. Copperud is not
eligible for this election because BT Brands' and Mr. Copperud's
shares were held by brokers in “street name”; therefore, they were
not reflected directly as owners as of the record date. BT Brands’
results show that steps to disqualify Mr. Copperud frustrate the
shareholders’ overwhelming desire to inject fresh ideas onto the
board. BT Brands has retained legal counsel to investigate NROM’s
actions and explore all available remedies under Indiana and
Federal law. Additionally, BT Brands' CEO, Gary Copperud, added,
“The results of this vote cannot be ignored by the independent
directors bearing a responsibility to represent the interests of
all shareholders.”
We remind shareholders that voting in the 2023 annual meeting of
shareholders of NROM is ongoing and notwithstanding BT Brands’
continuing efforts to overturn NROM’s disqualification of Mr.
Copperud as a nominee for director, it is possible that we may not
be successful. We advise shareholders that they remain eligible to
vote in NROM’s annual meeting and that they should continue to vote
on the BLUE proxy in support of Mr. Copperud.
About BT Brands, Inc.: BT, Inc. (BTBD and BTBDW) owns and
operates a fast-food restaurant chain called Burger Time, with
locations in North and South Dakota and Minnesota. In addition, the
Company owns the Pie In The Sky Coffee and Bakery in Woods Hole,
Massachusetts, the Village Bier Garten in Cocoa, Florida, and
Keegan’s Seafood Grille near Clearwater, Florida. BT is seeking
acquisitions within the restaurant industry.
Forward-Looking Statements
This press release may contain statements that might be
considered forward-looking statements or predictions of future
operations. Such statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and are based on management’s belief or interpretation of
information currently available. These statements and assumptions
involve certain risks and uncertainties. Actual events may also
differ from these expectations as a result of the risks identified
from time to time in our filings with the Securities and Exchange
Commission. We assume no duty to update these statements as of any
future date.
Investors Contact:
InvestorCom LLC John Glenn Grau, 203-972-9300
info@investor-com.com proxy@investor-com.com 19
Old Kings Highway S., Suite 130 Darien, CT 06820
(203) 972-9300 or (877) 972-0090
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version on businesswire.com: https://www.businesswire.com/news/home/20230724936525/en/
KENNETH BRIMMER 612-229-8811
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