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8-K - FORM 8-K - O CHARLEYS INC | g28090e8vk.htm |
EXHIBIT 99.1
NEWS RELEASE
Contacts: |
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R. Jeffrey Williams
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Scott Brittain | |
Chief Financial Officer
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Corporate Communications Inc. | |
OCharleys Inc.
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(615) 254-3376 ext. 308 | |
(615) 782-8982 |
OCHARLEYS INC. APPOINTS MARC BUEHLER AS
OCHARLEYS CONCEPT PRESIDENT
OCHARLEYS CONCEPT PRESIDENT
NASHVILLE, Tenn., Sept. 14, 2011 OCharleys Inc. (NASDAQ: CHUX) today announced the appointment
of Marc A. Buehler as Concept President for OCharleys, effective September, 16, 2011. Buehler
brings an extensive and successful record of accomplishments in the casual dining industry to
OCharleys. Most recently, he was President, CEO and a director of Kona Grill, Inc., serving from
November 2009 until June 2011. Previously, he served as CEO of LS Management, Inc., the operator
of two restaurant concepts with a total of nearly 200 locations: The Lone Star Steakhouse & Saloon
and the Texas Land & Cattle Steak House. In addition, Buehler was also with Romacorp, which
operated or franchised over 200 Tony Romas, joining the company as Vice President of Marketing and
rising to President, CEO and director.
OCharleys, Inc. President and CEO, David W. Head remarked, Marc Buehler has an outstanding
reputation as a result of his demonstrated capabilities in all aspects of leading a restaurant
concept, as well as a strong commitment to deliver memorable dining experiences through outstanding
food and superior service. We are confident of Marcs ability to contribute significantly to our
ongoing work of returning the OCharleys concept to a path of long-term profitable growth and
development.
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CHUX Appoints Mark Buehler As OCharleys Concept President
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Sept. 14, 2011
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Sept. 14, 2011
Consistent with the Companys philosophy of aligning the interests of its management with
those of its shareholders, the Company has granted Mr. Buehler stock option awards for an aggregate
of 100,000 shares of the Companys common stock that will cliff vest after three years. This award
constitutes an inducement award under NASDAQ Stock Market Rule 5635(c)(4).
About OCharleys Inc.
OCharleys Inc., headquartered in Nashville, Tennessee, is a multi-concept restaurant company
that operates or franchises a total of 343 restaurants under three brands: OCharleys, Ninety Nine
Restaurant, and Stoney River Legendary Steaks. The OCharleys concept includes 227 restaurants in
18 states in the Southeast and Midwest, including 221 company-owned and operated OCharleys
restaurants, and 6 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 Ninety Nine concept includes 106 restaurants 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
Stoney River Legendary Steaks concept includes 10 restaurants in six states in the Southeast and
Midwest. This 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.
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