MINNETONKA, Minn. – Famous Dave’s of America Inc.’s board of directors approved a reorganization whereby it will become a wholly owned subsidiary a new public holding company named BBQ Holdings Inc.
Once finalized, issued and outstanding common shares of Famous Dave’s stock will be converted into one common share of BBQ Holdings stock, with a value of $0.01 per share. There is no financing condition and the reorganization is not subject to Famous Dave stockholders. The effective date is Sept. 17, 2019 and will allow flexibility in the growth of the company.
In other news Famous Dave’s news, select restaurants in Colorado and Minnesota began testing Beyond Meat menu options on Sept. 12. Thirteen of the company’s 130 locations are the first major barbecue chain restaurants to offer meatless options. The plant-based protein menu options will include:
• BBQ Street Tacos featuring BBQ seasoned Beyond Meat stuffed into three warm corn tortillas, topped with lettuce, tomatoes, red onions and Fritos
• Fritos BBQ Nachos featuring Fritos Corn Chips, topped with seasoned Beyond Meat, BBQ beans, crisp lettuce, chopped tomatoes, red onions, jalapeños and finished off with Famous Dave's Famous Texas Pit
• BBQ Bowl featuring BBQ seasoned Beyond Meat loaded with crisp lettuce, cilantro lime rice, hearty chili beans, roasted sweet corn, jalapeños, chopped tomatoes and red onions
• Tropical Burger featuring a Beyond Burger stacked with sweet grilled pineapple and topped with Famous Dave's Famous Texas Pit sauce and Signature Spicy Hell-Fire Pickles
“We have always been proud to provide our customers a variety of quality menu options and look forward to what these new additions bring to the table,” said Jeffery Crivello, CEO of Famous Dave’s. “We’re committed to offering our guests the power of choice when it comes to plant-based protein items, which is why we have carefully crafted these four delicious options that are sure to please our beloved customers and encourage new guests to join us at our locations.”