BJ’s Restaurants, Inc. (NASDAQ:BJRI) held its annual meeting of
shareholders on Wednesday, June 3, 2009. Shareholders re-elected Gerald
W. Deitchle, Peter A. Bassi, Larry D. Bouts, Shann M. Brassfield, James
A. Dal Pozzo, J. Roger King and John F. Grundhofer to the Board of
Directors to serve for one-year terms until the next annual meeting.
Additionally, shareholders also ratified the selection of Ernst & Young
LLP to serve as the Company’s independent registered public accounting
firm for fiscal 2009. Management also provided shareholders with an
overview of the Company’s fiscal 2008 financial results and an update on
the Company’s current expansion plan and key initiatives in progress.
“In spite of the current economic recession, BJ’s continues to steadily
gain market share in the estimated $80-$85 billion casual dining segment
of the restaurant industry,” commented Jerry Deitchle, Chairman and CEO.
“Currently, our estimated share of the segment’s annual sales is only
about one-half of one percent. Accordingly, the bulk of our national
growth opportunity remains well ahead of us. Our previously announced
2009 new restaurant expansion plan remains solidly on track, and work is
well underway in developing a reasonable expansion plan for next year.
Our team has worked very hard during the last four to five years to more
clearly position the BJ’s concept as a ‘casual-plus’ competitor that
delivers a higher quality, more differentiated dining experience at a
price point that remains the same or lower than most of our ‘mass
market’ casual dining competitors. We will continue to make prudent
investments in our concept and our growth infrastructure to further
reinforce our competitive positioning as we navigate our way through the
current recession and become an even stronger competitive force when the
recession eventually abates.”
BJ's Restaurants, Inc. currently owns and operates 84 casual dining
restaurants under the BJ's Restaurant & Brewery, BJ's Restaurant &
Brewhouse or BJ's Pizza & Grill brand names. BJ's restaurants offer an
innovative and broad menu featuring award-winning, signature deep-dish
pizza complemented with generously portioned salads, appetizers,
sandwiches, soups, pastas, entrées and desserts. Quality, flavor, value,
moderate prices and sincere service remain distinct attributes of the
BJ's experience. The Company operates several microbreweries which
produce and distribute BJ's critically acclaimed handcrafted beers
throughout the chain.