Chanticleer Holdings Inc. (NASDAQ: BURG) is a public company that owns, operates and franchises restaurant brands in the U.S. and abroad.
Investor fact sheet
Investor Presentation BURG Sep 2018
Year End 2017 Earnings Release
Most Recent 10Q
Michael D. Pruitt - Chairman/CEO
Michael Pruitt founded Avenel Financial Group, a boutique financial services firm concentrating on emerging technology company investments, in 1999. In 2001, he formed Avenel Ventures, a technology investment and private venture capital firm. In February 2005, Mr. Pruitt formed Chanticleer Holdings, Inc., which commenced operations in June 2005 with him as Chairman of the Board of Directors and President, roles he continues to serve today. In January 2011, Mr. Pruitt became a director of the board of Hooters of America, LLC. Mr. Pruitt received a Bachelor of Arts degree from Coastal Carolina University in Conway, South Carolina, where he sits on the Board of Visitors of the E. Craig Wall Sr. College of Business Administration, the Coastal Education Foundation Board, and the Athletic Committee of the Board of Trustees.
Fred Glick - President
Fred joined Chanticleer Holdings in November 2018. He found his passion for hospitality after graduating with a B.S. in Business Administration from Lehigh University in 1986. Fred grew a Hooters Restaurant franchise from one location in Omaha, NE, to $70 million, 25 locations in five states including, California, Oregon, Washington, Iowa and Nebraska. In 2008, Fred facilitated San Diego institution Phil’s BBQ’s growth, adding locations and winning USA Today’s best ballpark food with the Padres at Petco Park and franchising in San Diego Regional Airport. In 2013, Fred joined longtime friends and Karl Strauss co-founders to grow the Karl Strauss Brewing Company brand. In 2016 Karl opened their two largest brewpubs and in 2017 Karl was named again to restaurant business magazine’s Future 50 restaurant brands for the 2nd time in four years. Each year, Fred gladly donates his time, talents and/or treasure to many local service and charitable organizations and serves on the state board of directors of the California Restaurant Association and CRAF (California Restaurant Association Foundation).
Rich Adams - President, American Roadside Burgers, Inc.
Rich Adams has more than 35 years of restaurant experience starting at the age of 16 scrubbing sidewalks for Carl’s Jr Restaurants. There, he worked his way through the ranks where he ultimately served as Regional Vice President. After 21 years with CKE, Rich moved to Louisiana where he became the Area Vice President for a Burger King Franchisee and led 100 restaurants. Mr. Adams joined Bojangles’ Restaurants in Charlotte, North Carolina and served for 10 years in different capacities, including Director of Training, and Vice President of Franchise Operations. In his five years as Bojangles’ Regional Vice President of Company Operations he led the company’s core market in Charlotte. Mr. Adams joined the Company’s subsidiary, American Roadside Burgers, Inc., in November of 2013 as the President and Chief Operating Officer, and he continues to serve in these roles.
Patrick Harkleroad - Chief Financial Officer
Patrick Harkleroad joined Chanticleer Holdings as Chief Financial Officer in January 2019. With over 15 years of CFO experience, Mr. Harkleroad joined Chanticleer from Sherpa, LLC, an accounting and finance recruiting firm, where he led and managed the Financial Consulting Division. Previously, Mr. Harkleroad was a CFO consultant with the Business Enhancement Group of Carolina Financial Group (CFG), which focuses on providing financial and operational consulting to CFG’s portfolio and client companies. Mr. Harkleroad served as the Chief Financial Officer for one of CFG’s portfolio companies, Trinity Frozen Foods, LLC.
Prior to his CFO role at Trinity, Harkleroad served as Chief Financial Officer of Landmark Leisure Group (LLG) in Charlotte, NC, a development company with a national footprint that created, owned, and operated original restaurant and pub concepts, including Blackfinn Ameripub, Vida Mexican Kitchen, and Strike City Lanes. LLG also partnered with real estate developers to create dining and entertainment destinations in the pub, restaurant and entertainment industries.
Additionally, Mr. Harkleroad spent eight years in investment banking at Wachovia Securities, where he was primarily engaged in corporate finance and M&A advisory transactions focused on the Financial Institution & Specialty Finance sector, and at Harris Williams & Co, an investment bank focused on middle market M&A advisory services.
Mr. Harkleroad received his B.S. in Finance from the University of Virginia’s McIntire School of Commerce and earned an MBA from Vanderbilt University’s Owen School of Management.
Troy M. Shadoin - Chief Accounting Officer
Troy Shadoin joined Chanticleer Holdings in January 2019 as the Chief Accounting Officer. He previously served as the Corporate Controller of Air T, Inc., a publicly-traded holding company, where he oversaw the financial reporting and accounting of the consolidated group of companies. Prior to that role, he was a Senior Manager at Cherry Bekaert LLP where he served clients in various industries, primarily focusing on publicly-traded companies and manufacturing companies as he grew in the Firm. He has more than 13 years of accounting and financial reporting experience. He is a Certified Public Accountant. He earned a Masters in Accounting from NC State University and a BS in Business Administration from the University of North Carolina at Chapel Hill.
BOARD OF DIRECTORS
Michael Pruitt - Chairman/CEO
Michael Pruitt, a long-time entrepreneur with a proven track record, possesses the expertise to evaluate potential investments, form key relationships and recognize a strong management team. Mr. Pruitt founded Avenel Financial Group, a boutique financial services firm concentrating on emerging technology company investments. The business succeeded immediately, and in order to grow Avenel Financial Group to its full potential and better represent the company’s ongoing business model, he formed Avenel Ventures, an innovative technology investment and business development company. In the late 1980s, Mr. Pruitt owned Southern Cartridge, Inc., which he eventually sold to MicroMagnetic, Inc., where he continued working as Executive Vice President and a Board member until the company was sold to Carolina Ribbon in 1992. From 1992 to 1996, Mr. Pruitt worked in a trucking firm where he was instrumental in increasing revenues from $6 million to $30 million. Between 1997 and 2000, Mr. Pruitt assisted several public and private companies in raising capital, recruiting management and preparing companies to go public or be sold. He was the CEO and President of RCG Companies, Inc. (later changed to One Travel), a publicly traded holding company listed on the AMEX. Mr. Pruitt received a Bachelor of Arts degree from Coastal Carolina University in Conway, South Carolina, where he sits on the Board of Visitors of the Wall School of Business, the Coastal Education Foundation Board and the Athletic Committee of the Board of Trustees. He also sits on the Board of Chanticleer Holdings, Inc. (HOTR).
Neil G. Kiefer
Neil is a native of Pittsburgh, Pennsylvania. He received his Bachelor’s Degree from Bethany College in Bethany, West Virginia and received his Law Degree from Hofstra University in Hempstead, New York. Neil was admitted to the Florida Bar in 1979.
Neil practiced law in St. Petersburg from 1979 to May of 1992: He was asked to serve as Chief Executive Officer of the newly formed Hooters Management Corporation in Clearwater, Florida. Hooters Management Corporation was created to manage, operate and further develop the Hooters restaurant concept which was founded in Clearwater, Florida in 1983.
Since 1992, Neil has continued to serve as Chief Executive Officer of Hooters Management Corporation, Hooters, Inc. and all of its affiliated companies. In 1994 Neil was appointed as a board member of those entities and has continued to serve in the foregoing capacities. He was also Chief Executive Officer of the Hooters Casino Hotel in Las Vegas, Nevada from 2006-2012 and was also a holder of a Gaming Operator’s License issued by the Nevada State Gaming Control Board.
Neil has also served the community over his professional career in the Tampa Bay Area. Neil served from 1990-2012 as a voluntary assistant varsity boy’s basketball coach at Boca Ciega High School in Gulfport, Florida. Additionally, Neil has served as a board member for the Pinellas County Urban League, the Pinellas County Police Athletic League, Tampa Bay Sports Commission and the Pinellas County Educational Foundation.
Neil is married to his wife, Selina “CeCe” Kiefer and has (2) adult sons Byron and David and one adult stepson, Tyler and a stepdaughter, Katy (15).
Keith J. Johnson
A highly accomplished senior executive and corporate officer with extensive experience in business and technology management, accounting systems, financial controls, business development and management intelligence. Previously, Mr. Johnson served as Executive Vice President and Chief Financial Officer of The Telemetry Company in Dallas, Texas (1997-2004). He had previously been at Brinks Home Security from 1986-1992 where he was a member of the start-up team and the original Chief Financial Officer responsible for creating the business model and servicing operations infrastructure. From 1992-1995, Mr. Johnson was the Chief Financial Officer of BAX Global in London, England. BAX was an ex-patriot assignment in which Mr. Johnson was responsible for Europe, Africa and Middle East business development, financial planning and accounting functions with a global staff of 75 professionals.
Russell J. Page
A thirty-five year investor relations executive and currently the founder and principal of Rusty Page & Company, a unique equity marketing/investor relations consulting firm engaging with small, mid-cap, and large cap companies. Mr. Page formerly sat on the Board of Directors of The Diamond Hill Financial Trends Fund. Previously, Mr. Page served as Senior Managing Director of The NASDAQ Stock Market. He also served for 17 years as Senior Vice President and Equity Marketing Executive for NationsBank Corporation, the predecessor of Bank of America, where Mr. Page was responsible for investor relations and all equity related capital markets functions for that $ 1 trillion plus asset financial services company. During that time, NationsBank raised $10 billion in equity capital and became the most widely followed public company in America. Previous to joining NationsBank, Mr. Page was Executive Vice President for public and financial affairs at PCA International, Inc. Mr. Page was also a former board member of IXC Communications (predecessor of Cincinnati Bell, Inc.) and former Vice Chairman of the National Board of Directors of The National Investor Relations Institute. Mr. Page in an alumnus of the University of North Carolina in Charlotte.
Larry S. Spitcaufsky
Larry S. Spitcaufsky is the owner and director of Petroleum Technologies Inc., an oil and natural gas exploration company in Kansas City, Missouri established in April 1983 and the founder and chairman of Hootwinc, LLC, a restaurant franchisee in California, established August 1992. He has been a partner and board member of Healthcare Delivered, LLC, a mobile dental company that delivers dental care directly to senior homes since May 2015. He has also served on the board of the La Jolla Institute of Allergy and Immunology since August 2015. Mr. Spitcaufsky has additional business investments, including LBBIG, which is currently developing the Southern California market for Little Big Burger, a Chanticleer brand specializing in made-to-order burgers and truffle fries.
Mr. Spitcaufsky spent 28 years as a partner in the family-owned Arrow Truck Sales in Kansas City, the largest pre-owned heavy-duty and medium-duty truck dealership in the United States and Canada. When Arrow was sold in 1998 to Volvo Truck Corporation, Mr. Spitcaufsky stayed on in his capacity as executive vice president and Chairman of the Board until 2000. He was also a board member, from May 2011 through June 2014, and treasurer, from May 2012 through June 2014, of the Rancho Santa Fe Association.
He joined Chanticleer’s board August 25, 2017.
Mr. Wagoner has served as a Managing Director and Head of the High-Yield & Distressed Securities division of Source Capital Group since 1995. Mr. Wagoner has over 35 years of investment securities experience and has developed specialized expertise in high yield and distressed debt instruments. Over the years, he has served on a variety of creditor committees for high profile commercial bankruptcies. He serves as a member of the board of directors of Argus Research Group, a leading independent equity research firm, and is a member of the Board of Visitors at Wake Forest University.
Mr. Wagoner is a graduate of the University of North Carolina with a BA in psychology and received his MBA from the Babcock Graduate School of Management at Wake Forest University. Mr. Wagoner holds NASD Series 7, 24 and 63 licenses.
David P. Osborn
Mr. Osborn is the Senior Vice President of Advisory Services for HealthTrust. In this role he directs and supports HealthTrust’s advisory services and consulting practices, including its offerings in Total Spend Management, Supply Chain Management, Workforce and Labor Management, and Clinical Performance. He has over 30 years of experience consulting with healthcare clients in the areas of business strategy, operations, innovation and technology.
He has served as a Partner and held leadership positions in global consulting firms, including Andersen Consulting (now Accenture) and KPMG. Mr. Osborn also serves as Chairman of the Board for Blue Coast Burrito, a company that owns and operates fast-casual, southwest-style restaurants in four states in the southeastern United States.
Mr. Osborn is a graduate of Harding University and holds a Ph.D. in Management from the University of Tennessee-Knoxville. He serves as the Chairman of the Board for the Make-A-Wish Foundation of Middle Tennessee and serves on the Advisory Boards for the American Heart Association and the Mercy Children’s Clinic.
|Independent Directors||Audit Committee||Compensation Committee|
|Keith J. Johnson|
|Russell J. Page|
|Neil G. Kiefer|
View all our financial reports on the US Securities and Exchange Commission.
|11/10/16||10-Q||Quarterly report pursuant to Section 13 or 15(d)|
|08/11/16||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|05/16/16||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|03/31/16||10-K||Annual report pursuant to Section 13 and 15(d)||XLSX||XBRL|
|11/16/15||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|08/14/15||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|05/20/15||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|04/15/15||10-K||Annual report pursuant to Section 13 and 15(d)||XLSX||XBRL|
|11/14/14||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|08/14/14||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|05/15/14||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|03/31/14||10-K||Annual report pursuant to Section 13 and 15(d)||XLSX||XBRL|
|11/15/13||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|08/12/13||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|05/15/13||10-Q||Quarterly report pursuant to Section 13 or 15(d)||XLSX||XBRL|
|04/03/13||10-K||Annual report pursuant to Section 13 and 15(d)||XLSX||XBRL|
Audit Committee Charter
Compensation Committee Charter
Nominating Committee Charter
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