Waitr Holdings Announces Management and Board Changes
October 16 2019 - 4:05PM
Business Wire
Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr,” “we” or the
“Company”) today announced that Jeff Yurecko, the Company’s current
Chief Financial Officer, will resign from the position effective
November 1, 2019. The Company has initiated a search process to
select a Chief Financial Officer.
“We would like to thank Jeff for his dedication to Waitr and
Bite Squad since he joined Bite Squad in 2016,” said Adam Price,
Chief Executive Officer of Waitr. “We are grateful for a strong
finance and accounting team - including our Chief Accounting
Officer Karl Meche who has over 20 years of experience leading
accounting, treasury, SEC reporting, internal audit, tax and
compliance – who will be a great asset until we find a permanent
replacement for Jeff.”
“Waitr’s unique relationship-based approach, through a
three-sided marketplace, as well as the front runner position we
have in many of the markets we serve has provided a stable
foundation for the Company. I continue to be excited about the
improvement opportunities sitting in front of the business that we
are looking to take advantage of over the next 6, 12 and 24
months,” concluded Price.
In addition, the Company also announced that Board members, Sue
Collyns and Scott Fletcher have resigned from the Board. The Board
has initiated a search process to select new Board members.
Jeff, Sue and Scott’s decisions to resign were not related to a
disagreement with the Company over any of its operations, policies
or practices.
The Company will announce the details for their November
earnings call to discuss its Q3 2019 results once they are
available.
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements,” as
defined by the federal securities laws, including statements
regarding the future performance of the Company. Forward-looking
statements reflect Waitr’s current expectations and projections
about future events at the time, and thus involve uncertainty and
risk. The words “believe,” “expect,” “anticipate,” “will,” “could,”
“would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,”
“potential,” “continue,” and the negatives of these words and other
similar expressions generally identify forward-looking statements.
Such forward-looking statements are subject to various risks and
uncertainties, including those described under the section entitled
“Risk Factors” in Waitr’s Annual Report on Form 10-K, filed with
the SEC on March 15, 2019, as such factors may be updated from time
to time in Waitr’s periodic filings with the SEC, which are
accessible on the SEC’s website at www.sec.gov. Accordingly, there
are or will be important factors that could cause actual outcomes
or results to differ materially from those indicated in these
statements. These factors should not be construed as exhaustive and
should be read in conjunction with the other cautionary statements
that are included in this release and in Waitr’s filings with the
SEC. While forward-looking statements reflect Waitr’s good faith
beliefs, they are not guarantees of future performance. Waitr
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, new information, data or methods, future
events or other changes after the date of this press release,
except as required by applicable law. You should not place undue
reliance on any forward-looking statements, which are based only on
information currently available to Waitr (or to third parties
making the forward-looking statements).
About Waitr Holdings Inc.
Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a
leader in on-demand food ordering and delivery. Waitr, along with
recently acquired food delivery company Bite Squad, connect local
restaurants to hungry diners in underserved U.S. markets. Together
they are the most convenient way to discover, order and receive
great food from the best local restaurants and national chains. As
of June 30, 2019, Waitr operated in small and medium sized markets
in the United States across approximately 700 cities.
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version on businesswire.com: https://www.businesswire.com/news/home/20191016005793/en/
Investors WaitrIR@icrinc.com or Media Liz Sniegocki Director of
Communications liz.sniegocki@waitrapp.com
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