BJ’s Restaurants has engaged PW Partners to provide recommendations regarding cost structure and efficiencies to the Company and its board of directors. In conjunction with PW Partners’ engagement, the Company entered into a cooperation agreement with PW Partners, a beneficial owner of more than 5% of the Company’s common stock. Pursuant to the Cooperation Agreement, PW Partners agreed to withdraw a slate of director nominees that it had previously submitted for election to the Board at the Company’s 2024 annual meeting of shareholders.
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