BJ's Restaurants, Inc. (ticker: BJRI, exchange: NASDAQ Global Market (.O))
News Release -
10-Sep-2009
BJ's Restaurants, Inc. Appoints Bill Hyde to Its Board of Directors HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Sep. 10, 2009--
BJ's Restaurants, Inc. (NASDAQ:BJRI) today announced the appointment of
Mr. William L. Hyde, Jr. to the Company's Board of Directors as an
independent director, effective immediately. Mr. Hyde will also serve on
the Board's Compensation Committee. Mr. Hyde's appointment brings the
total number of the Company's board members to eight.
Mr. Hyde, a 35-year veteran of the national restaurant scene, has
managed both private and publicly-held restaurant companies during his
career, including past service as Chief Executive Officer of Chart House
Restaurants, President of Morton's Restaurant Group and Chief Executive
Officer of Ruth's Chris Steak House, Inc. After his retirement in 2003,
he formed Briarwood West Investments LLC to principally focus on the
creation and development of higher-end casual dining concepts. Mr. Hyde
has served on various industry and charitable boards including the
National Restaurant Association, Goodwill Industries, National
Restaurant Association Educational Foundation, American Institute of
Wine and Food, American Beverage Institute and Distinguished Restaurants
of North America. In 2002, Mr. Hyde was appointed to the United States
Department of Commerce's Travel and Tourism Promotion Advisory Board.
"We are very pleased to welcome Bill Hyde to our board of directors,"
said Jerry Deitchle, Chairman and CEO. "Bill is a distinguished
restaurant industry executive and operator with significant experience
in leading the successful growth of national restaurant concepts. His
extensive background and experience will be of considerable value to
BJ's as we continue to execute our national expansion plan."
BJ's Restaurants, Inc. currently owns and operates 87 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, entrées 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 (45), Texas (15), Arizona (5), Colorado (3), Oregon (2),
Nevada (3), Florida (5), Ohio (2), Oklahoma (2), Kentucky (1), Indiana
(1), Louisiana (1) and Washington (2). The Company also has a licensing
interest in a BJ's restaurant in Lahaina, Maui. 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, 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 recent 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 45 of our current 87 restaurants are located, (viii)
restaurant and brewery industry competition, (ix) impact of certain
brewery business considerations, including without limitation,
dependence upon suppliers 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
servicemark 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. 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.
For further information, please contact Greg Levin of BJ's Restaurants,
Inc. at (714) 500-2400.
Source: BJ's Restaurants, Inc.
BJ's Restaurants, Inc. Greg Levin, 714-500-2400
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