Del Taco Restaurants, Inc. Clarifies July 7, 2016 Form 4 Filings with the Securities and Exchange Commission
08 Luglio 2016 - 12:00PM
Business Wire
Del Taco Restaurants, Inc. (“Del Taco” or the “Company”)
(NASDAQ:TACO, TACOW), the second largest Mexican-American QSR chain
by units in the United States, received numerous inquiries after
the market close on July 7, 2016 regarding three Form 4 filings
filed with the Securities and Exchange Commission on July 7, 2016
that it would like to clarify so as to avoid confusion or
misinterpretation.
Levy Acquisition Sponsor, LLC owned common stock (known as
founder shares) and certain private placement warrants of the
Company, which were both held in escrow until June 30, 2016.
Following expiration of the lock-up period applicable to these
securities, the securities were released from escrow and, on July
6, 2016, distributed by Levy Acquisition Sponsor to its underlying
members pro rata in accordance with their ownership interests for
no consideration. The members of Levy Acquisition Sponsor consist
of entities controlled by members of the Company’s Board of
Directors, trusts for the benefit of the children of our chairman
of the Board, Lawrence F. Levy, and employees of Mr. Levy’s family
office, Levy Family Partners, LLC. There is no change in the
members’ pecuniary interest in the shares and warrants as a result
of the distribution.
About Del Taco Restaurants, Inc.
Founded in 1964 in Southern California, Del Taco (NASDAQ:TACO)
is the nation’s second largest Mexican Quick Service Restaurant
chain. Known for serving Mexican and American favorites prepared
fresh in every restaurants’ working kitchen, Del Taco’s menu items
taste better because they are made with fresh ingredients like
cheddar cheese grated from 40-lb blocks, hand chopped pico de
gallo, fresh sliced avocado, slow cooked beans made from scratch,
and fresh-grilled marinated chicken and carne asada steak. In June
2016, Del Taco reinvigorated its UnFreshing Believable® marketing
campaign to further communicate its commitment to serve guests
everything that they love, including choosing not to choose between
tacos and fries, fresh prep and fair price, or great tasting food
and the convenience of a drive thru. With nearly 550 restaurants in
16 states, Del Taco serves more than three million guests each
week. For more information, follow Del Taco on Twitter, Facebook
and Instagram or visit www.deltaco.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160708005151/en/
For Del Taco Restaurants, Inc.Media:Julia Young,
646-277-1280julia.young@icrinc.comorInvestor Relations:Raphael
Gross, 203-682-8253investor@deltaco.com
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