Restaurant News Resource - Perkins Restaurant Industry News

Mr. Warne has over 13 years of experience in casual dining, having served as the President and Chief Executive officer of O'Charley's Inc. and in numerous leadership roles with Carlson Companies, Inc

Completion of Financial Restructuring Results in Stronger and Leaner Company

Perkins & Marie Callender's Inc. announced that the United States Bankruptcy Court for the District of Delaware has confirmed its second amended plan of reorganization. Confirmation of the Plan clears the way for the Company to emerge from bankruptcy by the end of November in a significantly strengthened financial position.

In connection with approving the Disclosure Statement, the Bankruptcy Court established a voting deadline of October 14, 2011 for creditors that are eligible to vote on the Plan and scheduled a hearing regarding confirmation of the Plan for October 31, 2011.

Perkins & Marie Callender's Inc has announced that the Company and its subsidiaries currently acting as debtors in possession under chapter 11 of the United States Bankruptcy Code have filed a joint plan of reorganization and an accompanying disclosure statement with the United States Bankruptcy Court for the District of Delaware.

On June 13, 2011, as part of its voluntary filing for reorganization under chapter 11 of the United States Bankruptcy Code, the Company submitted First Day Motions designed to support its domestic customers, vendors and employees.

Perkins & Marie Callender's Reaches Agreement on Pre-Arranged Financial Restructuring

With over 20 years of executive marketing and consulting experience in the restaurant industry including work with Famous Dave's, Buffets, Inc., and the Carlson Restaurant Group, Drasher has an impressive track record of leadership and innovation in marketing major chain restaurant concepts.

Perkins Restaurant & Bakery announced today that it has been listed on the U.S. Small Business Administration's (SBA) Franchise Registry, paving the way for a more streamlined application process and expedient loan processing time for franchisees.