Wendy's/Arby's Group, Inc. Announces Results of 2009 Annual Meeting of Stockholders
Atlanta, (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. ("Wendy's") and Arby's Restaurant Group, Inc. ("Arby's"), announced the results of its 2009 Annual Meeting of Stockholders, which was held earlier today in New York City.
The Company's stockholders voted to re-elect the 12 current directors: Nelson Peltz, Peter W. May, Hugh L. Carey, Clive Chajet, Edward P. Garden, Janet Hill, Joseph A. Levato, J. Randolph Lewis, David E. Schwab II, Roland Smith, Raymond S. Troubh, and Jack G. Wasserman. Each director will serve until the 2010 Annual Meeting of Stockholders.
In addition, the Company's stockholders voted overwhelmingly in favor of several proposals to amend the Company's certificate of incorporation, a proposal to re-approve the performance goal bonus awards portion of the Company's 1999 Executive Bonus Plan, and a proposal to ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accountants.
Roland Smith, President and Chief Executive Officer of Wendy's/Arby's Group, said: "On behalf of the entire board of directors and management team, we thank our stockholders for their support. We share their confidence in the future of our Company as we continue to successfully execute on our stated goals of restaurant margin improvement at the Wendy's brand and significant general and administrative cost savings by the end of 2011. We believe Wendy's/Arby's Group is well-positioned to create value for our stockholders as we grow sales with distinct premium and value-oriented product offerings and effectively control costs at both the corporate and restaurant levels. We look forward to communicating our progress in the months and years ahead."
About Wendy's/Arby's Group, Inc.
Wendy's/Arby's Group, Inc., which is the third largest quick-service restaurant company in the U.S., includes Wendy's International, Inc., the franchisor of the Wendy's(R) restaurant system, and Arby's Restaurant Group, Inc., the franchisor of the Arby's(R) restaurant system. The combined restaurant systems include more than 10,000 restaurants in the United States and 24 countries and U.S. territories worldwide.
SOURCE: Wendy's/Arby's Group, Inc.