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SNS Updates - Wayne Kelley Resigns and January Form D Filing


Parsad
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Steak'n Shake's board is now pretty much entirely in line with Sardar and his team.  Wayne Kelley resigned on March 22nd.

 

http://www.sec.gov/Archives/edgar/data/93859/000009385909000020/form8k32609.htm

 

In regards to the Form D Filing from January that some were inquiring about, I received a copy of the filing under the SEC Public Disclosure request guidelines.  It is definitely related to aligning interests of certain service providers (marketers, restaurant consultants) at SNS with shareholder interests.  The total dollar amount of the offering is allocated at $2.499M, but they've only issued $170.5K so far.  Nothing to be concerned about in the slightest.  I would post the PDF, but I'm not sure exactly what the laws are against releasing copies of the filing.  Cheers!

 

 

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