BJ's Restaurants To Add New Directors In Deal With Investors

Law360, New York (April 22, 2014, 5:48 PM EDT) -- BJ's Restaurants, Inc. has reached an agreement with two funds to nominate three new independent directors at its annual shareholder meeting, the national restaurant chain announced Tuesday.

PW Partners Atlas Fund II LP and Luxor Capital Partners LP have agreed to pool their collective 16 percent stake in the company to vote for activist investor Patrick Walsh, the managing director of PW Partners, as well as Mark McEachen and Noah Elbogen, to join the company's board of directors at its annual shareholder meeting, BJ's said.

McEachen has been appointed effective immediately, and current board members John Grundhofer and William Hyde will...

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