Articles from BT Brands, Inc.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the 52 weeks ending December 29, 2024. The results include our 39.6% share of the Bagger Dave’s Burger Tavern loss. BT Brands currently operates fifteen restaurants comprising the following:

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the third quarter, the thirteen weeks ending September 29, 2024.

BT Brands, Inc., West Fargo, North Dakota-BT Brands (NASDAQ: BTBD) today responded to the inquires of many Noble Roman shareholders (NROM) regarding BT Brands role in the upcoming shareholders’ meeting with the following update setting forth the continued efforts of Noble Roman Directors to prevent an open shareholder vote thereby disenfranchising current Noble Roman’s shareholders, including BT Brands, from exercising their shareholders' rights under Indiana law.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the second quarter, the thirteen weeks ending June 30, 2024.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), a growing multi-concept restaurant operator, today announced that its board of directors has approved the repurchase of up to 625,000 shares, representing approximately 10% of its outstanding common shares. The share purchases may be made from time to time on the open market at prevailing market prices in compliance with the established SEC regulations regarding share repurchases. The company expects open market repurchases under the repurchase program will be structured to comply with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The repurchase program does not require the company to acquire any specific number of shares, and the company may suspend, modify or discontinue repurchases at any time at management’s discretion. This decision reflects BT Brands' confidence in its future, its current cash position and its board’s recognition of the attractive share value.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the first quarter, the thirteen weeks ending March 31, 2024.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the 52 weeks ending December 31, 2023, and for the 13 weeks then ended. The results include our 40% share of Bagger Dave’s Burger Tavern results with its six locations. BT Brands currently operates a total of seventeen restaurants comprising the following:

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), announced it will report its fourth quarter and full year 2023 results after market close today Thursday, March 28th. The Company will also host a conference call today to discuss the results at 4:15 p.m. ET.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), and its 39.6 percent owned affiliate, Bagger Dave’s Burger Tavern, Inc. (OTCMarkets: BDVB), today announced plans to review strategic alternatives for the Bagger Dave’s public corporation and the six Bagger Dave’s operating restaurant locations. As part of this review, it is anticipated that a proposal will be made to Bagger Dave’s shareholders to change the name of Bagger Dave’s to align the name appropriately with a new business strategy. We anticipate proposing to shareholders a reverse split of Bagger Dave’s outstanding shares, and plan to retain a PCAOB-registered audit firm to review the Bagger Dave’s financial statements audited for inclusion in a potential equity offering registration statement, which would coincide with an uplisting of the shares to NASDAQ Markets or another exchange.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the thirteen weeks ending October 1, 2023, and for the 39-week period then ended. The results for 2023 include a full quarter for the three 2022 restaurant acquisitions, and our 41.2% share of Bagger Dave’s Burger Tavern results with its six locations. BT Brands operates a total of eighteen restaurants comprising the following:

BT Brands, Inc. (NASDAQ: BTND) announced today that it has withdrawn without prejudice its lawsuit in Federal Court for the Southern District of Indiana against Noble Roman’s, (“NROM”) and its Directors. BT Brands CEO, Gary Copperud, commented that the purpose of our lawsuit was to achieve a fair vote for Noble Roman shareholders. We were not successful in our effort to get a ruling favorable to NROM shareholders as in its preliminary ruling, the Court allowed the annual meeting to proceed. Without the BT Brands proxy votes, NROM failed to attain a quorum and the election of a Class III Director was postponed to the 2024 annual meeting. The result is that three board seats will be elected in 2024, and we expect to nominate representatives for each available seat. The BT Brands lawsuit also alleged that the NROM and its Directors violated federal law in omitting material information from its Definitive Proxy Statement and that NROM and its Directors violated fiduciary duties by preventing BT Brands’ nomination of Mr. Copperud, frustrating the expressed will of an overwhelming number of shares expected to vote at the annual meeting. We expect to further review these issues as part of an inspection of the NROM books and records and reserve the right to take further action as appropriate.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the thirteen weeks ending July 2, 2023, and for the 26-week period then end.

BT Brands, Inc. (NASDAQ: BTBD) (“BT Brands or BT”) today announced steps forward in its effort to achieve a fair vote for Noble Roman's shareholders. On August 2, 2023, together with its CEO Gary Copperud, BT Brands brought a lawsuit in Federal Court for the Southern District of Indiana (the “Court”) naming Noble Roman’s, Inc. (“NROM” or the “Company”) and members of the NROM board of directors as Defendants. The suit alleges that the Company and its directors violated federal law in omitting material information from its Definitive Proxy Statement and that NROM and its directors have violated their fiduciary duties to shareholders in attempting to prevent BT’s nomination of Mr. Copperud to the board. NROM’s actions are subverting the will of an overwhelming majority of NROM shareholders. The lawsuit notes that Mr. Copperud was recognized by Noble Roman’s as an approved board candidate and was placed on the ballot for the July 6, 2023, annual meeting, now scheduled for August 10, 2023. Both candidates solicited proxies; a recent tabulation of proxy votes shows BT’s candidate, Gary Copperud, with 10,194,885 proxy votes far exceeding the 2,851,046 proxies returned for the NROM incumbent candidate, Scott Mobley. The current tallies represent a 3.5:1 margin of potential victory.

BT Brands, Inc. (NASDAQ: BTBD and BTBDW) in an important step in its effort to achieve a fair vote for Noble Roman shareholders, together with CEO Gary Copperud, on August 2, 2023, filed a lawsuit in Federal Court for the Southern District of Indiana naming both the Company, Noble Roman’s, (“NROM”) and its Directors as Defendants. The suit alleges that the Company and its Directors violated federal law in omitting material information from its Definitive Proxy Statement, that the Company and its Directors have violated their fiduciary duties in attempting to prevent BT Brands’ nomination of Mr. Copperud, frustrating the expressed will of an overwhelming number of shares. The lawsuit notes that Mr. Copperud was recognized as an approved candidate for election as a director at the July 6, 2023, Noble Roman annual meeting of stockholders, scheduled for August 10, 2023. A recent tabulation of votes shows shareholders favor Gary Copperud, BT Brands, Inc.’s nominee, leading Scott Mobley, NROM’s nominee, by several million votes representing nearly a 3.5:1 margin of potential victory. Also, today, BT Brands and Mr. Copperud together filed a motion requesting the Court to order the Company and its Directors to hold an annual meeting at which Mr. Copperud’s nomination will be duly considered, the votes in his favor counted, and the results of the shareholders’ directive respected.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), (“BT”) Commenting on the June 28, 2023, press release by Noble Roman’s, Inc. (“NROM”), Gary Copperud, BT’s CEO, a NROM shareholder and nominee for the contested board seat, noted, “The Mobley’s are communicating their desperation in the press release. Of course, their claim that BT, in any manner, admitted it falsely represented its ownership of NROM stock is a total fabrication. Noble Roman’s attacks on the process are intended to divert investors’ attention from NROM’s management team’s abysmal financial performance over the last eight years, during which management continued to reward itself with exorbitant salaries and millions of stock options. Ironically, Paul Mobley (NROM's Chairman) believes that he has effectively refuted our criticism of his company’s financial performance because the financial results are what they are. NROM’s financial performance speaks volumes about management and are clear to any reader. How have the facts shown actual performance been refuted? BT’s case to NROM shareholders always has been to state the facts regarding the company’s performance over the last eight years.” To demonstrate the transparency of the nomination and election process, Mobley noted that “(…our by-laws have been publicly available for many years)” when, in fact, NROM’s articles of incorporation are not available on the SEC website. If the company’s “foundational” (their word) documents are so essential and corporate governance is so important, raises the questions as to why investors cannot access several significant documents on the SEC website including the Articles of Incorporation, the Company’s stock option plan, and a Form 8-K describing the most recent revision in its senior debt agreement increasing monthly debt service to $83,000 from $33,000.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW). Faced with a potentially crushing defeat in the upcoming shareholder vote, Noble Roman’s (OTC: NROM) has resorted to attempting to use a technical interpretation of its by-laws to exclude BT Brands’ nominee from the ballot for the July 6, shareholder election. In an eleventh-hour move, Noble Roman’s has taken the position that shares held in a brokerage account do not qualify as ownership for nominating a director candidate and soliciting a proxy. BT Brands and its CEO, Gary Copperud, own approximately 9% of the outstanding shares of Noble Roman’s. In this latest move, Noble Roman’s is disenfranchising its shareholders by preventing shareholders from having the opportunity to vote on a nominee in the upcoming board election. BT Brands notes it is reviewing its legal options under Indiana law and likely will challenge the latest move by Noble Roman’s. We also expect to further address the fiduciary responsibility of the current Board of Directors to all shareholders.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the first quarter, the thirteen weeks ending April 2, 2023.

BT Brands, Inc. (Nasdaq: BTBD and BTBDW), today reported its financial results for the fiscal year ending January 1, 2023.

WEST FARGO, ND / ACCESSWIRE / June 2, 2022 / BT Brands, Inc. (NASDAQ:BTBD and BTBDW), "BT Brands" operator of quick-service Burger Time restaurants, Keegan's Seafood Grille and Pie in the Sky Bakery and Coffee businesses, announced today that it had acquired 11,095,085 common shares representing 41.4% of Bagger Dave's Burger Tavern, Inc. ("Bagger Dave's") (www.baggerdaves.com) for $1,260,000, approximately $.114 per share. Prior to completing the purchase of shares from Michael Ansley, founder and CEO of Bagger Dave's, agreed to cancel all voting preferred shares. In addition, upon closing, the current Bagger Dave's directors, including Mr. Ansley, resigned from the Company, and its Board of Directors and representatives of BT Brands are assuming those positions.

WEST FARGO, ND / ACCESSWIRE / May 18, 2022 / BT Brands, Inc. (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of quick-service Burger Time restaurants and its recently acquired Keegan's Seafood Grille and Pie in the Sky Bakery and Coffee businesses, reported financial results for the 13 weeks ended April 3, 2022. Highlights of the Company's financial results include: - Total revenues for 2022 increased 6.8% to $2.1 million for the 13 weeks compared to the

WEST FARGO, ND / ACCESSWIRE / May 12, 2022 / BT BRANDS, INC. (NASDAQ:BTBD) announced today that it completed the acquisition of Pie in the Sky Coffee and Bakery in Woods Hole, Massachusetts. www.piecoffee.com, Pie in the Sky has served the local community and the many visitors passing through the Ferry Terminal at Woods Hole since 1982. Pie in the Sky roasts its coffee and offers high-quality organic fresh-brewed coffee beverages, pastries, and

WEST FARGO, ND / ACCESSWIRE / March 16, 2022 / BT Brands, Inc. (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of fast-casual restaurant Burger Time and the recently acquired Keegan's Seafood Grille, reported financial results for the fiscal fourth quarter and the fiscal year ended January 2, 2022. Key highlights of the Company's financial results include: - Total revenues for fiscal 2021 increased 3.6% to $8.5 million for the 52-week year compared to

WEST FARGO, ND / ACCESSWIRE / March 11, 2022 / BT Brands, Inc. (NASDAQ:BTBD), announced today that Company would be making its initial investment conference presentation at the 2022 Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, on March 28th - 30th from 9:00 a.m. - 5:00 p.m. EDT. Sign up here to access the presentation During this virtual conference, investors will hear from executives from a wide range of

WEST FARGO, ND / ACCESSWIRE / March 3, 2022 / BT BRANDS, INC. (NASDAQ:BTBD) announced today that it completed the acquisition of the assets of Keegan's Seafood Grill. Keegan's has served an extensive menu of local seafood favorites in the Indian Rocks, Florida community near Clearwater, Florida, for more than 35 years. Commenting on the acquisition, CEO Gary Copperud noted, "the Keegan's purchase is expected to exceed our target returns and is an

WEST FARGO, ND / ACCESSWIRE / November 17, 2021 / BT Brands, Inc. (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of fast-casual restaurants including Burger Time, in its first report since its successful public equity offering last week today reported financial results for the fiscal third quarter ended October 3, 2021. Key highlights of the Company's financial results include: - Earnings per share for the 39 weeks ended October 3, 2021, were $.14 per

WEST FARGO, ND / ACCESSWIRE / November 12, 2021 / BT Brands, Inc. ("BT Brands" or the "Company") (NASDAQ:BTBD; BTBDW), owner and operator of quick service restaurants, in a move forward with its plan to acquire additional restaurant businesses, today announced the pricing of its initial public offering of 2,400,000 units at a price of $5.00 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common