Stockholders Are Not Required to Take Any Action at this Time
Fiesta Restaurant Group, Inc. (“Fiesta” or the “Company”) (NASDAQ:FRGI),
parent company of the Pollo Tropical® and Taco Cabana® fast casual
restaurant brands, today confirmed that it has received a notice from
JCP Investment Partnership, LP (“JCP”) that JCP intends to nominate
three candidates to stand for election to the Board of Directors
(“Board”) at the Company’s 2017 Annual Meeting of Stockholders (the
“2017 Annual Meeting”).
Fiesta’s Board and management team are committed to acting in the best
interests of all Company stockholders and welcome their views in order
to pursue a common goal of maximizing long-term stockholder value. The
Board will review the nomination notice of JCP and will present its
recommendations to stockholders in its proxy statement with respect to
the 2017 Annual Meeting to be filed with the Securities and Exchange
Commission, which will be mailed to all stockholders eligible to vote at
the 2017 Annual Meeting. Stockholders are not required to take any
action at this time.
About Fiesta Restaurant Group, Inc.
Fiesta is the parent company of the Pollo Tropical and Taco Cabana
restaurant brands. The brands specialize in the operation of
fast-casual, ethnic restaurants that offer distinct and unique Caribbean
and Mexican inspired flavors with broad appeal at a compelling value.
The brands feature made-from-scratch cooking, fresh salsa bars,
drive-thru service and catering. For more information about Fiesta,
visit the corporate website at www.frgi.com.
Important Additional Information
The Company, its directors and certain of its executive officers are
participants in the solicitation of proxies from the Company’s
stockholders in connection with the Company’s 2017 Annual Meeting of
Stockholders. The Company intends to file a proxy statement and white
proxy card with the U.S. Securities and Exchange Commission (the “SEC”)
in connection with any such solicitation of proxies from the Company’s
stockholders. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO
READ SUCH PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information
regarding the ownership of the Company’s directors and executive
officers in Company stock, restricted stock and options is included in
the Company’s SEC filings on Forms 3, 4, and 5, which can be found
through the Company’s website www.frgi.com
in the section “Investor Relations” or through the SEC’s website at www.sec.gov.
Information can also be found in the Company’s other SEC filings,
including the Company’s definitive proxy statement for the 2016 Annual
Meeting of Stockholders and its Annual Report on Form 10-K for the year
ended January 3, 2016. Updated information regarding the identity of
potential participants, and their direct or indirect interests, by
security holdings or otherwise, will be set forth in the definitive
proxy statement and other materials to be filed with the SEC in
connection with the 2017 Annual Meeting. Stockholders will be able to
obtain any proxy statement, any amendments or supplements to the proxy
statement and other documents filed by the Company with the SEC at no
charge at the SEC’s website at www.sec.gov.
Copies will also be available at no charge at the Company’s website at www.frgi.com
in the section “Investor Relations.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20170130006200/en/
Source: Fiesta Restaurant Group, Inc.