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."
The party supply company told employees on Friday that it’s going out of business.
