Sally J. Smith to Retire as President and CEO by End of Year
Board Initiates CEO Search Process
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) today announced that Sally J.
Smith has notified the Buffalo Wild Wings Board of Directors of her
decision to retire before the end of the year. Ms. Smith will continue
to serve as President and Chief Executive Officer until the end of the
year or until such time as a successor has been named. The Buffalo Wild
Wings Board has initiated a search process and will engage a leading
executive search firm to assist in identifying a successor. Ms. Smith
has also withdrawn her candidacy for election to the Board in connection
with the 2017 Annual Meeting of Shareholders and the Board will not be
nominating a replacement for Ms. Smith.
"Sally has delivered countless contributions to Buffalo Wild Wings for
more than two decades and much of our success to date is directly
attributed to her leadership," said Jerry R. Rose, Chairman of the Board
of Buffalo Wild Wings. "Under her guidance and stewardship, Buffalo Wild
Wings has transformed into an industry leader, and we look forward to
continuing to work together to ensure a seamless transition of executive
"I am proud of Buffalo Wild Wings' tremendous success. We have made
great strides in executing our strategic plan and continuing to innovate
to stay ahead of the competition," said Ms. Smith. "I will focus on
leading Buffalo Wild Wings and driving value-creating change until we
are ready to make a smooth transition. I am confident that the company,
including its excellent management and Board, are solidly positioned for
its next phase of growth and development. I would like to thank the
entire team at the home office, in the field and in the restaurants, as
well as all of our franchisees, for their hard work and commitment over
our more than 20 year history together and look forward to watching the
company's next chapter of growth."
About the Company
Buffalo Wild Wings, Inc., founded in 1982 and headquartered in
Minneapolis, is a growing owner, operator and franchisor of Buffalo Wild
Wings(R) restaurants featuring a variety of boldly-flavored,
made-to-order menu items including its namesake Buffalo, New York-style
chicken wings. The Buffalo Wild Wings menu specializes in 21
mouth-watering signature sauces and seasonings with flavor sensations
ranging from Sweet BBQ(TM) to Blazin'(R). Guests enjoy a welcoming
neighborhood atmosphere that includes an extensive multi-media system
for watching their favorite sporting events. Buffalo Wild Wings is the
recipient of hundreds of "Best Wings" and "Best Sports Bar" awards from
across the country. There are currently more than 1,220 Buffalo Wild
Wings locations around the world.
To stay up-to-date on all the latest events and offers for sports fans
and wing lovers, like Buffalo Wild Wings on Facebook, follow @BWWings on
Twitter and visit www.BuffaloWildWings.com.
Cautionary Statement Regarding Certain Information
This communication contains "forward-looking statements" within the
meaning of the federal securities laws. Such statements include
statements concerning anticipated future events and expectations that
are not historical facts. All statements other than statements of
historical fact are statement that could be deemed forward-looking
statements. Actual results may vary materially from those expressed or
implied by forward-looking statements based on a number of factors,
including the factors described under "Risk Factors" in Part I, Item 1A
of our Annual Report on Form 10-K for the fiscal year ended December 25,
2016, as updated or supplemented by subsequent reports we file with the
SEC. We do not assume any obligation to publicly update any
forward-looking statement after they are made, whether as a result of
new information, future events or otherwise.
Buffalo Wild Wings, Inc., its directors and certain of its executive
officers and employees are participants in the solicitation of proxies
from Buffalo Wild Wings shareholders in connection with its 2017 annual
meeting of shareholders to be held on June 2, 2017. Information
concerning the identity and interests of these persons is available in
the definitive proxy statement Buffalo Wild Wings filed with the SEC on
April 21, 2017.
Buffalo Wild Wings has filed a definitive proxy statement in connection
with its 2017 annual meeting. The definitive proxy statement, any
amendments thereto and any other relevant documents, and other materials
filed with the SEC concerning Buffalo Wild Wings are (or will be, when
filed) available free of charge at http://www.sec.gov
Shareholders should read carefully the definitive proxy statement and
any other relevant documents that Buffalo Wild Wings files with the SEC
when they become available before making any voting decision because
they contain important information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170602005724/en/
Buffalo Wild Wings, Inc.
Additional Investor Contact:
Bob Marese / Paul Schulman
Frank, Wilkinson Brimmer Katcher
Meaghan Repko / Nick Lamplough
Source: Buffalo Wild Wings, Inc.
News Provided by Acquire Media