CALABASAS HILLS, Calif.--(BUSINESS WIRE)--May 26, 2005--The
Cheesecake Factory Incorporated (NASDAQ:CAKE) announces the opening of
its 93rd Cheesecake Factory restaurant on May 23, 2005 at the
Burlington Mall in Burlington, Massachusetts. The restaurant contains
approximately 13,050 square feet and 330 seats.
The Company held its annual meeting of stockholders on May 24,
2005. Stockholders reelected the Company's CEO David Overton and
independent director Karl Matthies to the Board of Directors for a
three-year term each and until their successors are elected and
qualified. Stockholders also approved the material terms of the
performance incentive goals under The Cheesecake Factory Incorporated
Amended and Restated Annual Performance Incentive Plan and a proposal
to amend the Company's Certificate of Incorporation to increase the
maximum authorized number of shares of common stock from 150,000,000
to 250,000,000.
The Cheesecake Factory Incorporated operates 93 upscale, casual
dining restaurants under The Cheesecake Factory(R) name that offer an
extensive menu of more than 200 items with an average check of
approximately $16.60. The Company also operates a bakery production
facility that produces over 50 varieties of quality cheesecakes and
other baked products for the Company's restaurants and for other
leading foodservice operators, retailers and distributors.
Additionally, the Company operates five upscale casual dining
restaurants under the Grand Lux Cafe(R) name; one self-service,
limited menu "express" foodservice operation under The Cheesecake
Factory Express(R) mark inside the DisneyQuest(R) family entertainment
center in Orlando, Florida; and licenses two bakery cafe outlets to
another foodservice operator under The Cheesecake Factory Bakery
Cafe(R) name.
CONTACT: The Cheesecake Factory Incorporated
Jane Vallaire, (818) 871-3000
SOURCE: The Cheesecake Factory Incorporated