Engaged Capital’s Agreement with Del Frisco’s for Board Representation

Olshan advised Engaged Capital on the contest

Engaged Capital and Del Frisco’s Restaurant Group reached an agreement pursuant to which Joe Reece was appointed to the company’s Board of Directors and as the Chairman of its Transaction Committee that is overseeing the company’s review of strategic alternatives.

Del Frisco’s Restaurant Group, Inc. develops, owns, and operates steakhouse restaurant chains in multiple states. The company, led by Norman J Abdallah, Neil Thomson and Juan Salas, in 2018 recorded $378 Million revenues.

As part of the agreement, Del Frisco’s also agreed to terminate its poison pill.

Olshan advised Engaged Capital with a team including Steve Wolosky (Picture) and Ryan Nebel.

Involved fees earner: Ryan Nebel – Olshan Frome Wolosky LLP; Steve Wolosky – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Engaged Capital, LLC;


Author: Ambrogio Visconti