BJ's Restaurants: BJ's Restaurants, Inc. Announces Cooperation Agreement with Act III Holdings

HUNTINGTON BEACH, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- BJ's Restaurants, Inc. ("BJ's" or the "Company") (NASDAQ:BJRI) today announced that it has entered into a cooperation agreement (the "Cooperation Agreement") with Act III Holdings, LLC and various affiliates of Ronald M. Shaich (collectively with its affiliates, "Act III")."We are pleased to announce this agreement with Act III and its Managing Partner and Chief Executive Officer, Ron Shaich, who are well regarded for their restaurant industry acumen and results," said Lea Anne S. Ottinger, Chair of the Board of Directors. "We are confident they can support the Board, Brad Richmond, the Company's Interim Chief Executive Officer, and Lyle Tick, the Company's President and Chief Concept Officer, as we develop and execute against BJ's vision and strategic plan.""We are excited to enter into this Cooperation Agreement with BJ's Restaurants, Inc.," said Mr. Shaich, who also founded Panera Bread Company and serves as Chair of the Board of Directors of Cava Group, Inc. "We strongly support the actions that BJ's Board of Directors has taken, including the appointment of new leadership to guide the Company through its next chapter of growth and value creation. After engaging with BJ's Board and management, we ...Full story available on Benzinga.com