Benihana Inc. Announces Results of Special Meeting of Shareholders
MIAMI (BUSINESS WIRE) -- Benihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation's largest chain of Japanese theme and sushi restaurants, today announced the results of its Special Meeting of Shareholders, which was held yesterday on February 22, 2010 at The Westin Hotel in Fort Lauderdale, Florida.
The Company's shareholders voted in favor of the proposed merger by and between Benihana Inc. and its wholly-owned subsidiary BHI Mergersub, Inc. The Company is the surviving corporation in the merger, the sole purpose of which was to effect an amendment to the Certificate of Incorporation of the Company to increase by 12,500,000 the number of shares of Class A common stock which the Company is authorized to issue.
Darwin C. Dornbush, Chairman of the Board of Directors, said, "On behalf of the entire board of directors, we thank our shareholders for their support and share their confidence in the future of our Company. As we have stated repeatedly, the increase in the authorized shares is one step in a series of actions being taken to ensure that the Company has the flexibility and capability to take advantage of opportunities and to respond to rapidly changing economic conditions and credit markets."
Benihana Inc. (Nasdaq: BNHNA - News) (Nasdaq: BNHN - News) operates 98 restaurants nationwide, including 64 Benihana teppanyaki restaurants, nine Haru sushi restaurants, and 25 RA Sushi Bar restaurants. Under development is one Benihana teppanyaki restaurant. In addition, 23 franchised Benihana teppanyaki restaurants are operating in the U.S., Latin America and the Caribbean.
SOURCE: Benihana Inc.