BurgerFi | Jotup

Derivative Action against BurgerFi Dismissed

Retrieved on:

Thursday, September 21, 2023

BurgerFi, Prejudice, District court, United States district court

FORT LAUDERDALE, Fla., Sept. 21, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza and wings concept under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) brand, announces that a derivative action filed August 30, 2023 by two BurgerFi shareholders purportedly on behalf of the Company against certain of its current and former directors and officers has been voluntarily dismissed.

Key Points:

FORT LAUDERDALE, Fla., Sept. 21, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza and wings concept under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) brand, announces that a derivative action filed August 30, 2023 by two BurgerFi shareholders purportedly on behalf of the Company against certain of its current and former directors and officers has been voluntarily dismissed.
The dismissal of this derivative lawsuit follows the recent dismissal of a related securities class action lawsuit, John Walker v. BurgerFi International, Inc. et al., Case No.
Both cases were dismissed in the preliminary stages without the company agreeing to any monetary or non-monetary settlement to the plaintiffs or their counsel.
"I am pleased to announce the dismissal of the derivative lawsuit so soon after the dismissal of the securities class action.

Anthony's Coal Fired Pizza & Wings Keeps It Real

Retrieved on:

Wednesday, September 20, 2023

BurgerFi, Anthony, Human, AI, Sales

FORT LAUDERDALE, Fla., Sept. 20, 2023 /PRNewswire/ -- Anthony's Coal Fired Pizza & Wings, owned by BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi"), is keeping it real and is doing away with its automated phone answering system. From now on, customers will have a real person at the restaurant taking calls for their orders. In a world full of AI robots, the company is staying true to their brand belief "being an Anthony"—real and authentic.

Key Points:

FORT LAUDERDALE, Fla., Sept. 20, 2023 /PRNewswire/ -- Anthony's Coal Fired Pizza & Wings , owned by BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi"), is keeping it real and is doing away with its automated phone answering system.
From now on, customers will have a real person at the restaurant taking calls for their orders.
In a world full of AI robots, the company is staying true to their brand belief "being an Anthony"—real and authentic.
For more information about Anthony's Coal Fired Pizza & Wings or to find the nearest location, visit www.acfp.com .

Kids Own Mondays at BurgerFi® With Free Kids Meals

Retrieved on:

Tuesday, September 19, 2023

Taste, Parent, BurgerFi, Hot dog, Grilled cheese, Nature, Restaurant, Caregiver, Fast food, Cheeseburger, Chicken

FORT LAUDERDALE, Fla., Sept. 19, 2023 /PRNewswire/ -- Starting on September 25, BurgerFi®, owned by BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi"), is serving up little Fi-natics with its Kids Eat Free program. Every Monday, children ages 12 and under can enjoy a free kids meal with the purchase of an adult meal at participating BurgerFi locations, exclusively for dine-in guests.

Key Points:

Every Monday, children ages 12 and under can enjoy a free kids meal with the purchase of an adult meal at participating BurgerFi locations, exclusively for dine-in guests.
"As children return to school, meal planning can become a bit of a juggling act for parents and caregivers.
"Our Kids Eat Free program presents a delicious, convenient option the whole family can enjoy during this busy time of year and beyond."
The Free Kids Meal is valid with any in-restaurant adult meal purchase.

Securities Class Action Lawsuit against BurgerFi Dismissed

Retrieved on:

Thursday, September 7, 2023

BurgerFi, District court, United States district court, Tobacco

FORT LAUDERDALE, Fla., Sept. 07, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza and wings concept under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) brand, announces that the lead plaintiffs in the previously disclosed securities class action lawsuit filed on April 6, 2023 against BurgerFi and certain current and former executives have voluntarily dismissed the lawsuit.

Key Points:

FORT LAUDERDALE, Fla., Sept. 07, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza and wings concept under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) brand, announces that the lead plaintiffs in the previously disclosed securities class action lawsuit filed on April 6, 2023 against BurgerFi and certain current and former executives have voluntarily dismissed the lawsuit.
On September 5, 2023, United States District Court Judge Raag Singhal for the Southern District of Florida issued an order dismissing the class action lawsuit in the case of John Walker v. BurgerFi International, Inc. et al., Case No.
023-cv-60657, and closed the case, with each party bearing its own fees and costs.
“BurgerFi is thankful that this lawsuit has been dismissed so that we can focus on moving forward without the distraction of the lawsuit,” stated BurgerFi’s Chief Executive Officer Carl Bachmann.

BurgerFi Reports Second Quarter 2023 Results

Retrieved on:

Wednesday, August 16, 2023

Same-store sales, BurgerFi, GAAP, Chain, Corporate-owned life insurance, Sale, ITV Digital Channels, EBITDA, Acquisition, Investment, Restaurant, Anthony, Depreciation, Digital, Adjustment, Video game, Fast food, Growth

Restaurant-level operating expenses for the second quarter of 2023 were $35.2 million compared to $36.2 million in the second quarter of 2022.

Key Points:

Restaurant-level operating expenses for the second quarter of 2023 were $35.2 million compared to $36.2 million in the second quarter of 2022.
For the BurgerFi brand, restaurant-level operating expenses, as a percentage of sales, increased 500 basis points for the second quarter of 2023, compared to the second quarter of 2022, primarily due to lower leverage on sales.
Adjusted EBITDA in the second quarter of 2023 decreased $0.6 million to $2.0 million compared to $2.6 million in the second quarter of 2022, driven by lost leverage on sales at BurgerFi partially offset by higher same-store sales and lower food costs at Anthony’s.
The Company will hold a conference call today, August 16, 2023, at 8:30 a.m. Eastern time to discuss its second quarter 2023 results.

BurgerFi to Report Second Quarter 2023 Financial Results on August 16, 2023

Retrieved on:

Wednesday, August 9, 2023

BurgerFi

FORT LAUDERDALE, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), will report financial results for the second quarter ended July 3, 2023 on Wednesday, August 16, 2023 prior to market close.

Key Points:

FORT LAUDERDALE, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi”), owner of one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”), will report financial results for the second quarter ended July 3, 2023 on Wednesday, August 16, 2023 prior to market close.
Management will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results.
The conference call will be broadcast live and available for replay on the Company’s Investor Relations website at ir.burgerfi.com.
Please call the conference telephone number 5-10 minutes prior to the start time.

BurgerFi® Tests New Meal- It's BurgerFi's BFD!

Retrieved on:

Tuesday, July 25, 2023

Cael Sanderson, BurgerFi, Meal, Cheese, Lettuce, Hormone, Restaurant, Meatheads Burgers & Fries, Steroid, Fast food

FORT LAUDERDALE, Fla., July 25, 2023 /PRNewswire/ -- BurgerFi International Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi" or the "Company"), owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony's Coal Fired Pizza & Wings, is cracking the code on summer savings with its Burger, Fries, and Drink (B*F*D) deal. Participating BurgerFi South Florida locations will serve up the B*F*D (Burger, Fries, and Drink) starting at $9.99 for a limited time.

Key Points:

Participating BurgerFi South Florida locations will serve up the B*F*D (Burger, Fries, and Drink) starting at $9.99 for a limited time.
"We want to ensure that it's a win for guests, a win for our teams to execute, and a win for our stakeholders."
"We love going above and beyond for our Fi-natics to make sure they have the best experience at our restaurants."
For more information about BurgerFi or to find the nearest location, visit www.burgerfi.com and download the BurgerFi app for free fries on your first order.

BurgerFi International, Inc. CEO, Carl Bachmann Invests in Company

Retrieved on:

Wednesday, July 12, 2023

BurgerFi, Smashburger, Bachmann, Fast food, Management

FORT LAUDERDALE, Fla., July 12, 2023 (GLOBE NEWSWIRE) -- On Carl J. Bachmann ’s first day as Chief Executive Officer of BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony’s Coal Fired Pizza & Wings, he announced that he has become one of the largest individual management team investors in the company.

Key Points:

FORT LAUDERDALE, Fla., July 12, 2023 (GLOBE NEWSWIRE) -- On Carl J. Bachmann ’s first day as Chief Executive Officer of BurgerFi International, Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony’s Coal Fired Pizza & Wings, he announced that he has become one of the largest individual management team investors in the company.
“I want to signal to our employees, franchisees, and existing investors, my belief and commitment to our brand.
I can think of no better way to do so than acquiring shares in the company,” said Carl Bachmann , CEO of BurgerFi International, Inc.
Bachmann purchased 63,500 shares of BurgerFi common stock (Nasdaq: BFI) in an open market transaction.
“I am excited for the new leadership direction and Carl’s vision to further build best-in-class brands.”
Prior to joining BurgerFi, Bachmann served as President for Smashburger, the Denver-based chain that specializes in custom burgers.

BurgerFi International, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)

Retrieved on:

Monday, July 10, 2023

Employment, RSU, Bachmann, BurgerFi, Jones, Security (finance)

As previously disclosed, the Company and Mr. Bachmann entered into an employment agreement, dated May 23, 2023 (the “Bachmann Employment Agreement”), in connection with his appointment as Chief Executive Officer, effective July 10, 2023.

Key Points:

As previously disclosed, the Company and Mr. Bachmann entered into an employment agreement, dated May 23, 2023 (the “Bachmann Employment Agreement”), in connection with his appointment as Chief Executive Officer, effective July 10, 2023.
As contemplated by the Bachmann Employment Agreement, the Company agreed to grant Mr. Bachmann an employment inducement award consisting of (i) 500,000 time-based restricted stock units (“Bachmann Time-Based RSUs”), and (ii) 500,000 performance-based restricted stock units (“Bachmann Performance-Based RSUs”), each with an effective grant date of July 10, 2023.
The inducement awards described above to Mr. Bachmann and Mr. Jones were granted as a material inducement to their employment and were approved by the Company’s Board of Directors and by the Compensation Committee of the Board of Directors as of July 10, 2023, in accordance with Nasdaq Listing Rule 5635(c)(4).
The awards were granted outside of the Company’s 2020 Omnibus Equity Incentive Plan.

BurgerFi International Inc. Announces Chris Jones as CFO

Retrieved on:

Tuesday, June 13, 2023

BurgerFi International Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony’s Coal Fired Pizza & Wings, is announcing a change in senior leadership as Christopher Jones will be joining as Chief Financial Officer on July 10, 2023.

Key Points:

BurgerFi International Inc. (Nasdaq: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony’s Coal Fired Pizza & Wings, is announcing a change in senior leadership as Christopher Jones will be joining as Chief Financial Officer on July 10, 2023.
Mr. Jones is replacing the current Chief Financial Officer Mike Rabinovitch, who is transitioning to Lionheart Capital as a Senior Advisor.
In this role, Jones spearheaded Mohegan’s corporate finance, investor relations, and international financial development.
Jones holds a Bachelor of Science from Boston University - School of Management, where he majored in both Accounting and Finance.