Ed Rensi gave up 75,000 stock options when he abruptly resigned as Famous Dave's CEO in June after only a year in the post.
Dave's ex-CEO loses stock options
When Ed Rensi departed two months ago, he forfeited 75,000 options
August 10, 2015 at 6:05PM
Last week, along with releasing a dismal quarterly earnings report, Famous Dave's criticized Rensi for making changes that upset customers.
Rensi, a onetime high-ranking McDonald's executive, resigned as Dave's CEO on June 18. Upon his resignation, 75,000 stock options granted in January 2015 were "forfeited," Famous Dave's said in a federal securities filing Friday.
Rensi had undertaken a major initiative to remodel the barbeque chain's restaurants and add items to the menu.
But Dave's, currently being run by interim CEO and board member Adam Wright, said in a statement that "the changes included smaller portions, different plateware and changes to iconic items such as cornbread muffins and other poor decisions."
On a 3-2 vote, the state Public Utilities Commission sided with Magellan Pipeline Co. over tribes who consider the area foundational to their religious beliefs.
