Famous Dave's Elects David Mastrocola as Chairman of the Board of Directors

Will Now Announce Q2 Earnings after Regularly Scheduled August Board Meeting

MINNEAPOLIS, July 28, 2014 // GLOBE NEWSWIRE // - Famous Dave's of America, Inc. (Nasdaq:DAVE) today announced that its Board of Directors has elected David J. Mastrocola as the Company's Chairman of the Board, effective July 28, 2014.

David Mastrocola currently serves as Co-Founder and Advisory Chairman of Pleasant Lake Partners, LLC. He previously served as a partner and Managing Director of Goldman Sachs & Co., a global investment banking, securities and investment management firm, where he worked from 1987 until his retirement in 2009. During that period, he held a number of senior management positions in the Investment Banking Division, including heading or co-heading the corporate finance, mergers/strategic advisory and industrials/natural resources departments. Mr. Mastrocola earned a Bachelor of Science degree from Boston College and an MBA from Harvard University. He currently serves as Lead Director on the Board of Directors of Cooper-Standard Holdings Inc., and as a trustee for Save the Children Federation, Inc.

Ed Rensi, Famous Dave's Chief Executive Officer, said, "I am thrilled to have David join our Board of Directors as Chairman. With his stewardship and vast business experience, I am confident that we can achieve the long-term goals we have set for Famous Dave's. Consequently, we have decided to move the announcement of our second quarter 2014 earnings to after market close on August 5, 2014, in order to give David the opportunity to participate in our regularly scheduled quarterly Board meeting which concludes on that date."

About Famous Dave's

Famous Dave's of America, Inc. develops, owns, operates and franchises barbeque restaurants. As of today, the company owns 53 locations and franchises 141 additional units in 34 states, the Commonwealth of Puerto Rico, and 1 Canadian province. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items and sandwiches, and unique made-from-scratch desserts.

SOURCE Famous Dave's of America

Contact:

Richard A. Pawlowski
Chief Financial Officer
952-294-1300

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