THE CHEESECAKE FACTORY INCORPORATED (NASDAQ:CAKE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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THE CHEESECAKE FACTORY INCORPORATED (NASDAQ:CAKE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

The Cheesecake Factory Incorporated (the “Company”) announced that, effective July 7, 2017, W. Douglas Benn, Executive Vice President and Chief Financial Officer of the Company, will retire from his positions with the Company.

On May 11, 2017, the Company’s Board of Directors (the “Board”), appointed Matthew Clark, age 48, the Company’s current Senior Vice President, Finance and Strategy, as the Company’s Executive Vice President and Chief Financial Officer, such appointment effective concurrently with Mr. Benn’s retirement on July 7, 2017. Mr. Clark, who brings over 11 years of experience with the Company, has been employed by the Company from 2009 through 2017 as Senior Vice President, Finance and Strategy, and prior to that position, he was the Company’s Vice President of Strategic Planning, from 2006 to 2009. Mr. Clark has no related party transactions to disclose to Item 404 of Regulation S-K.

The compensatory arrangements in connection with Mr. Clark’s appointment have not been determined as of the date of filing this Form 8-K; the Company will provide such information on a Form 8-K/A within four business days following the determination of such arrangements. Effective on July 7, 2017, Mr. Clark will become eligible to participate equitably with the Company’s other executive officers in any of the Company’s plans relating to incentive compensation, pension, profit sharing, disability income insurance, life insurance, education, medical coverage, automobile allowance or leasing, or other retirement or employee benefits.

The Board thanked Mr. Benn for his years of service and for his assistance during the transition period from May 11, 2017 through July 7, 2017.

ITEM 8.01 OTHER EVENTS

In a press release dated May 11, 2017, the Company announced the retirement of W. Douglas Benn, Executive Vice President and Chief Financial Officer, effective July 7, 2017. The Company also announced that the Board appointed Matthew Clark, the Company’s current Senior Vice President, Finance and Strategy, as the Company’s Executive Vice President and Chief Financial Officer, effective concurrently with Mr. Benn’s retirement on July 7, 2017.

The full text of the press release is attached as Exhibit 99.1 to this report and is hereby incorporated by reference herein.

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS.

(d)         Exhibits

99.1 Press release dated May 11, 2017 entitled, “Chief Financial Officer W. Douglas Benn to Retire From The Cheesecake Factory Incorporated”


About THE CHEESECAKE FACTORY INCORPORATED (NASDAQ:CAKE)

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other. It also operates bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. Its restaurants offer lunch and dinner, as well as Sunday brunch. Its restaurants also offer a bar. As of January 3, 2017, its menu consisted of over 200 items in addition to items presented on supplemental menus, such as its SkinnyLicious menu, which offers approximately 50 items. Its Grand Lux Cafe is a casual dining concept that offers artisan cuisine. It offers appetizers, seafood and steaks.

THE CHEESECAKE FACTORY INCORPORATED (NASDAQ:CAKE) Recent Trading Information

THE CHEESECAKE FACTORY INCORPORATED (NASDAQ:CAKE) closed its last trading session down -1.89 at 60.48 with 852,170 shares trading hands.