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8-K - FORM 8-K - O CHARLEYS INC | g25545e8vk.htm |
Exhibit 99.1
NEWS RELEASE
CONTACTS:
|
R. Jeffrey Williams | Gene Marbach | ||
OCharleys Inc. | Investor Relations | |||
(615) 782-8982 | Makovsky + Company | |||
jwilliams@ocharleys.com | (212) 508-9600 | |||
gmarbach@makovsky.com |
OCHARLEYS INC. ANNOUNCES RESIGNATION
OF CHIEF FINANCIAL OFFICER
OF CHIEF FINANCIAL OFFICER
NASHVILLE, Tenn. (December 16, 2010) OCharleys Inc. (Nasdaq: CHUX) today announced that
Lawrence E. Hyatt has resigned as chief financial officer and treasurer effective at the end of
fiscal 2010, to accept a position with another company. R. Jeffrey Williams, the Companys chief
accounting officer and corporate controller will serve as interim CFO and treasurer. The Company
plans to conduct a search for a new CFO and treasurer, and expects Mr. Williams to be a candidate.
We appreciate all of Larrys contributions during his six years as CFO of OCharleys
Inc., said David W. Head, the Companys president and chief executive officer. We wish him all
the best in the future, and look forward to working with him during the transition. Jeff Williams
is in his 10th year of service with the Company and has held positions of increasing
responsibility since he arrived. He has led our highly talented accounting and finance teams to a
strong level of performance. I know that he will approach this opportunity with great enthusiasm
and I look forward to working with him as he assumes his new responsibilities.
About OCharleys Inc.
OCharleys Inc., (NASDAQ: CHUX), headquartered in Nashville, Tenn., is a multi-concept
restaurant company. The Company operates or franchises a total of 348 restaurants under three
brands: OCharleys, Ninety Nine Restaurants, and Stoney River Legendary Steaks. The OCharleys
concept includes 230 restaurants in 19 states in the Southeast and Midwest, including 221
company-owned and operated OCharleys restaurants, and 9 restaurants operated by franchisees. The
menu, with an emphasis on fresh preparation, features several specialty items, such as hand-cut and
aged USDA choice steaks, a variety of seafood and chicken, freshly baked yeast rolls, fresh salads
with special-recipe salad dressings and signature caramel pie. The company operates Ninety Nine
Restaurants in 107 locations throughout New England and Upstate New York. Ninety Nine has earned a
strong reputation as a friendly, comfortable place to gather and enjoy great American food and
drink at a terrific price. The menu features a wide selection of appetizers, salads, sandwiches,
burgers, entrees and desserts. The company operates 11 Stoney River Legendary Steaks restaurants in
six states in the Southeast and Midwest. The steakhouse concept appeals to both upscale
casual-dining and fine-dining guests by offering high-quality food and attentive customer service
typical of high-end steakhouses, but at more moderate prices.