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Stock impact report

BJ’s Restaurants, Inc. Engages PW Partners to Provide Cost Structure Recommendations

BJ's Restaurants, Inc. (BJRI) 
Last bj's restaurants, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.bjsrestaurants.com
Company Research Source: GlobeNewswire
HUNTINGTON BEACH, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (“BJ’s” or the “Company”) (Nasdaq: BJRI) today announced that it has engaged PW Partners, LLC (“PW Partners”) to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors (the “Board”). In conjunction with PW Partners’ engagement, the Company entered into a cooperation agreement (the “Cooperation Agreement”) with PW Partners, a beneficial owner of more than 5% of the Company’s common stock. Pursuant to the Cooperation Agreement, PW Partners agreed to withdraw a slate of director nominees that it had previously submitted for election to the Board at the Company’s 2024 annual meeting of shareholders. PW Partners is an investment management and advisory firm focused on cost structure analysis and long-term value creation for small and mid-cap companies. PW Partners’ objective is to maximize the value of its portfolio companies by influencing corporate p Show less Read more
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