BJ's Restaurants amends cooperation agreement with Act III; extends term to June 2027, raises ownership cap

BJs RESTAURANTS INC

Amendment extends Cooperation Agreement expiration from May 4, 2027 to June 30, 2027.
Standstill cap raised to 2,091,011 shares (about 9.9% of outstanding common stock), excluding Noah Elbogen's shares.
Act III Parties may acquire additional shares up to the cap, subject to customary standstill restrictions.
Act III Parties continue to vote with Board recommendations on most proposals and support management initiatives.

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