The Chefs' Warehouse, Inc. Announces Resignation of John Debenedetti from its Board of Directors
April 20, 2018 at 08:30 am EDT
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The Chefs Warehouse, Inc. announced that John DeBenedetti has resigned from its Board of Directors, effective immediately, to pursue other endeavors. The vacant Board seat will not be replaced. In the Cooperation Agreement reached with Legion Partners earlier this year, the Company agreed to reduce the size of the Board by one director in both 2018 and 2019 so that, immediately following the 2019 annual meeting of stockholders, the Board will be fixed at 10 directors. Mr. DeBenedetti served as a director of the Company since May 2016.
The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States, the Middle East and Canada. The Company offers stock-keeping units (SKUs), ranging from specialty foods and ingredients to basic ingredients and staples, produce and center-of-the-plate proteins. Its product categories include center-of-the-plate, dry goods, pastry, cheeses and charcuterie, produce, dairy and eggs, oils and vinegars and kitchen supplies. It operates through the food product distribution segment, which is concentrated primarily in the United States. The Companyâs customer base consists primarily of menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolateries, cruise lines, casinos and specialty food stores. Its center-of-the-plate products include custom cut beef, seafood and hormone-free poultry, as well as produce and food products, such as cooking oils, butter, eggs, milk and flour.