JCP Urges Fiesta Restaurant Group Stockholders To Vote The Gold Card
Fiesta Restaurant Group, Inc. (FRGI)
Last fiesta restaurant group, inc. earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
frgi.com/investor-relations/default.aspx
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Source: PR Newswire
HOUSTON, June 6, 2017 /PRNewswire/ -- JCP Investment Management, LLC, together with its affiliates and the other participants in its solicitation (collectively, "JCP" or "we"), collectively one of the largest stockholders of Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ: FRGI), with aggregate ownership of approximately 9.0% of the Company's outstanding shares, today reminded stockholders to vote the GOLD proxy card at the Company's upcoming Annual Meeting to be held on June 7, 2017.In its detailed investor presentation, which is available at https://tinyurl.com/FRGI-Presentation, JCP outlined a prudent strategy for Fiesta to achieve $150 million in EBITDA in 4 years. Illustrative Plan2021ETaco CabanaPollo TropicalConsolidatedRevenues377,937420,006797,943Restaurant Level EBITDA before Ads88,447117,560206,007Franchise Fees6,3114,60010,911Ads10,00010,00020,000G&A 20,15725,46245,619Adjusted EBITDA 64,60186,698151,299EV / Adjusted EBITDA
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