The Cheesecake Factory Incorporated Appoints Janice L. Meyer as A Director and to the Audit Committee; Declares A Quarterly Cash Dividend Payable on March 20, 2020
February 19, 2020 at 05:02 pm EST
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On February 18, 2020, the Board of Directors of The Cheesecake Factory Incorporated appointed Janice L. Meyer as a director of the Company and also appointed her to the Audit Committee of the Board effective as of February 18, 2020. Ms. Meyer will also stand for election at the 2020 Annual Meeting of Stockholders. On February 18, 2020, the Board increased the number of directors from seven to eight, effective February 18, 2020 in accordance with the Company's Bylaws. Following a 20-year career in sell-side research and investment banking covering the restaurant industry at Credit Suisse AG, Donaldson, Lufkin & Jenrette and Morgan Stanley, Ms. Meyer co-founded Rellevant Partners, a private equity firm that focuses on lower middle-market restaurant and food & beverage companies. As a Managing Partner of the firm, Ms. Meyer is responsible for overseeing all aspects of the investment process, including analyzing, advising and monitoring portfolio companies. She also serves on the Board of Directors of Tillster Inc., a restaurant industry-focused technology company, is a Trustee of The Windward School and a former board member of Chop't Creative Salad Company.
Also on February 18, 2020, the Board declared a quarterly cash dividend of $0.36 per share which will be paid on March 20, 2020 to the stockholders of record of each share of the Company's common stock at the close of business on March 9, 2020. Future dividends, if any, will be subject to Board approval.
The Cheesecake Factory Incorporated is an experiential dining company focused on hospitality. The Company owns and operates about 334 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory (216 locations), North Italia (37 locations) and a collection within its Fox Restaurant Concepts (FRC) business. The Company's bakery division operates two facilities that produce cheesecakes and other baked products for its restaurants, international licensees, and third-party bakery customers. The Cheesecake Factory menu features about 225 items, exclusive of beverage and dessert items and including items presented on supplemental menus, such as its SkinnyLicious menu that offers items at 590 calories or less. Its menu offerings include appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches, and omelets, including a selection of vegan and gluten-free items. It operates 32 Flower Child and 41 other FRC locations.
The Cheesecake Factory Incorporated Appoints Janice L. Meyer as A Director and to the Audit Committee; Declares A Quarterly Cash Dividend Payable on March 20, 2020
THE CHEESECAKE FACTORY INCORPORATED 
