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August 30, 2015 2:41 AM ET

Hotels, Restaurants and Leisure

Company Overview of Apex Restaurant Management, Inc

Company Overview

Apex Restaurant Management, Inc owns and operates a chain of fast food restaurants. The company operates restaurants of Yum! Brands and Long John Silver's franchise. The company was founded in 2005 and is based in Carrollton, Texas.

4117 North Josey Lane

Carrollton, TX 75007

United States

Founded in 2005

Phone:

972-394-8519

Key Executives for Apex Restaurant Management, Inc

Co-Founder, President, and Chief Executive Officer
Co-Founder and Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2015.

Apex Restaurant Management, Inc Key Developments

Shareholder Files Class Action Complaint Against Morgan's Foods, Inc., Apex Restaurant Management, Inc. and Apex Brands Foods

On April 15, 2014, an alleged shareholder filed a derivative action and a purported class action complaint in the Court of Common Pleas of Cuyahoga County, Ohio, relating to the recently announced agreement and plan of merger, dated as of March 30, 2014, by and among Morgan's Foods, Inc., Apex Restaurant Management, Inc. (Apex) and Apex Brands Foods, Inc. (Sub), pursuant to which Morgan's Foods will become a wholly owned subsidiary of Apex. The complaint names Morgan's Foods, the members of the board of directors of Morgan's Foods, Apex, and Sub as defendants, and generally alleges that, in connection with approving the merger, the directors breached their fiduciary duties owed to Morgan's Foods and its shareholders, and that Apex and Sub aided and abetted the directors' alleged breaches of fiduciary duty. It also alleges Morgan's Foods preliminary proxy statement filed with the Securities Exchange Commission on April 4, 2014, omits and misrepresents material information necessary to shareholders in order for them to be able to make a fully informed vote to adopt the Merger. The complaint seeks, among other things, certification of the case as a class action, an injunction against the consummation of the transaction, rescission or rescissory damages if the merger is consummated, a judgment against the defendants for damages, and an award of fees, expenses and costs to plaintiffs and their attorneys. Morgan's Foods and the directors believe the allegations of the complaint are without merit and intend to vigorously defend the allegations contained in it.

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