BJ's Restaurants enters cooperation agreement with Act III Holdings (Ron Shaich) through 2027

BJs RESTAURANTS INC

Cooperation agreement with Act III (Ron Shaich) provides standstill, voting commitments, and collaboration through May 4, 2027.
Warrant termination extended to May 4, 2027; exercisable for 876,949 shares at $26.94 per share.
Act III must vote with Board recommendations on director elections and most proposals, subject to ISS/Glass Lewis exceptions.
Company will collaborate with Act III on culinary, supply chain, marketing, design, technology, and recruiting initiatives.
Board expressed confidence in Interim CEO Brad Richmond and President Lyle Tick's vision for growth and value creation.

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