Current Report · Form 8-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 8-K Current Report 3 15K
2: EX-10 Exhibit 10.1 - Employment Agreement 7 55K
3: EX-99 Exhibit 99.1 - Press Release 2± 10K
EX-99 · Exhibit 99.1 - Press Release
EXHIBIT 99.1
FOR IMMEDIATE RELEASE:
BARBRICK NAMED CEO OF AVADO BRANDS
MADISON, Ga. Sept. 30, 2004 -- Avado Brands (OTC:AVDO.PK) today announced
that Raymond P. ("Rick") Barbrick has been named chief executive officer. Avado
Brands is the parent company of Don Pablo's Mexican Kitchen, Hops Grillhouse &
Brewery and the new Hops City Grille.
Since 1992, Barbrick has been with Bertucci's Corp. and New England
Restaurant Group of North Borough, Mass. Since December 2001, he has served as
president and chief operating officer for Bertucci's Corp. and also held the
positions of executive vice president and chief operating officer and division
president at the company. He spearheaded the chain's transformation from
"pizzeria" to a full-service casual dining concept. In doing so, he developed
and executed the strategic plan encompassing marketing, training and re-imaging
of 67 units and a new expanded menu offering more than 60 items.
Prior to his career with Bertucci's, Barbrick was part of the Back Bay
Restaurant Group in Boston and held posts with MSM Management/CEV Corp., also of
Boston.
"Rick Barbrick is a proven and resourceful leader with an impressive
background in foodservice and an outstanding track record for building and
rebuilding companies. He will lead the continued turnaround of Avado Brands and
build on the forward progress that has been made in our brands," said Avado
Brands' interim Chief Executive Officer Kevin Leary of AlixPartners LLC.
"I'm extremely proud to have been chosen to lead Avado Brands," Barbrick
commented. "This company has two well-established concepts and a dedicated and
determined team rich in foodservice talent. Together, we will build a stronger
company that promises to have a very bright future."
Avado Brands has been operating under Chapter 11 of the U.S. Bankruptcy
Code since Feb. 4, 2004. Barbrick was selected through a collaborative search
conducted by the company, members of the Official Committee of Unsecured
Creditors and certain post-petition lenders to the company. The terms of
Barbrick's employment were approved on Sept. 27, 2004, by the bankruptcy court
overseeing the company's reorganization.
About Avado Brands
Avado Brands owns and operates two proprietary brands comprised of 102 Don
Pablo's Mexican Kitchens and 37 Hops Grillhouse & Breweries. The company
recently introduced a new Hops City Grille concept that is currently in test in
Florida. Additional information about Avado Brands is available at
www.avado.com.
Statements contained in the press release that are not historical facts are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. All forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ from those
anticipated. Factors that may cause actual results to differ from the
forward-looking statements contained in this release and that may affect the
Company's prospects in general are described in Exhibit 99.1 to the Company's
Form 10-Q for the fiscal quarter ended April 2, 2000 and the Company's other
filings with the Securities and Exchange Commission.
Dates Referenced Herein and Documents Incorporated By Reference
| This 8-K Filing | | Date | | Other Filings |
|---|
| |  |
| | 4/2/00 | | 10-Q |
| | 2/4/04 |
| | 9/27/04 |
| | 9/30/04 |
| Filed On / Filed As Of / For The Period Ended | | 10/1/04 |
| |
| Top | | List All Filings |
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