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April 01, 2015 7:16 AM ET

Hotels, Restaurants and Leisure

Company Overview of Boston Market Corporation

Company Overview

Boston Market Corporation owns and operates a chain of fast-casual restaurants in the United States. Its menu includes individual and family meals, market bowls, home style sides, sandwiches, salad bowls and soups, desserts, sauces, rotisserie chicken items, BBQ ribs, and hand-carved meats. The company also provides catering services for various occasions. In addition, it engages in franchising its restaurant chain with units in airports, hospitals, hotels, military bases, and university and college campuses. Boston Market Corporation was formerly known as Boston Chicken, Inc. and changed its name to Boston Market Corporation in February 1995. The company was founded in 1985 and is based in ...

14103 Denver West Parkway

Golden, CO 80401

United States

Founded in 1985

12,470 Employees

Phone:

303-216-5108

Fax:

303-216-5550

Key Executives for Boston Market Corporation

Chief Executive Officer
Senior Vice President and Chief Financial Officer
Chief Executive Officer - Boston Market Concept and President - Boston Market Concept
President of Boston Market Concept
Age: 59
Senior Vice President, Secretary and General Counsel
Age: 56
Compensation as of Fiscal Year 2014.

Boston Market Corporation Key Developments

SEC Revokes Registration Of Registered Securities Of Boston Chicken

An Administrative Law Judge has issued an Initial Decision of Default as to Boston Chicken, Inc. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against Boston Chicken For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Boston Chicken, Inc.. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Business Development Corporation of America Closes Direct Originated Financing Transaction for Boston Market Corporation

Business Development Corporation of America (BDCA) closed on a direct originated financing transaction for Boston Market Corporation. The financing provided by BDCA consisted of a $54 million second lien senior secured credit facility, with a five-year term and one-year call premium. Proceeds from the financing were used to refinance an existing credit facility, provide working capital liquidity for new store build outs and to distribute a small return of capital to the sponsor. BDCA retained $25 million of the financing.

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