Red Robin (RRGB) Gourmet Burgers announced that affiliates of JCP Investment Management and Jumana Capital invested an additional $8.3M into the company, strengthening its balance sheet and demonstrating their long-term commitment to the strategy and brand. Additionally, the company announced the appointment of James Pappas and Christopher Martin to its Board of Directors, pursuant to a cooperation agreement with JCP and Jumana. Upon Pappas’ and Martin’s respective appointments, the Board will expand to 10 directors, nine of whom will be independent.
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