CALABASAS HILLS, Calif., May 27, 2009 (BUSINESS WIRE) -- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced the
results of its Annual Meeting of Stockholders, which was held on May 20,
2009.
Stockholders voted to reelect independent directors Alexander L.
Cappello and Jerome I. Kransdorf to the Company's Board of Directors. In
addition, stockholders elected David B. Pittaway, also an independent
director, to fill the vacancy resulting from the retirement of Wayne H.
White. In addition to serving on the Board of Directors, Mr. Pittaway
will serve on the Audit Committee. Each of the directors elected will
serve a term that expires at the Company's 2011 Annual Meeting of
Stockholders. In 2011, all directors will stand for election to one-year
terms as a result of the elimination of the Company's classified board
structure, which stockholders approved last year.
Stockholders also ratified the selection of PricewaterhouseCoopers LLP
to serve as the Company's independent registered public accounting firm
for fiscal 2009, which ends on December 29, 2009. Proposals to amend the
Company's Certificate of Incorporation to remove certain supermajority
voting provisions and to permit stockholder action by written consent in
certain circumstances did not receive the requisite number of votes and
were therefore not approved by stockholders.
"On behalf of the Board of Directors, we extend a warm welcome to David
Pittaway," said David Overton, Chairman and CEO. "David brings extensive
restaurant industry, as well as finance and general business experience
to our Board, which will complement the knowledge and expertise already
represented on our Board."
About The Cheesecake Factory Incorporated
The Cheesecake Factory Incorporated created the upscale casual dining
segment in 1978 with the introduction of its namesake concept. The
Company operates 146 restaurants throughout the U.S. under The
Cheesecake Factory(R) name with an extensive menu of more than 200 items
and fiscal 2008 average annual unit sales of approximately $9.8 million.
Grand Lux Cafe(R), the Company's second concept, has 13 units in operation
across the U.S. offering a broad menu of more than 150 items and average
annual unit sales of approximately $10.6 million in fiscal 2008. The
Company also operates one unit of its newest concept, RockSugar Pan
Asian Kitchen(R), and two bakery production facilities in Calabasas Hills,
CA and Rocky Mount, NC that produce over 70 varieties of quality
cheesecakes and other baked products. Additionally, the Company licenses
two bakery cafe outlets to another foodservice operator under The
Cheesecake Factory Bakery Cafe(R) mark. For more information, please visit thecheesecakefactory.com.
SOURCE: The Cheesecake Factory Incorporated
The Cheesecake Factory Incorporated
Jill Peters
(818) 871-8342
jpeters@thecheesecakefactory.com