Wendys Co (WEN.O) Key Developments | Reuters.com
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Wendys Co (WEN.O)

WEN.O on Nasdaq

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

NPC International to acquire 39 Wendy's units from Wendy's co
Wednesday, 29 Jun 2016 09:43am EDT 

NPC International [NPCI.UL] : NPC International Inc announces agreement to acquire 39 Wendy's units from Wendy's Co . NPC International says to acquire 35 Wendy's restaurants for $29.2 million . NPC International says also agreed to acquire four restaurants recently constructed by Wendy's for a cost of $7.4 million . NPC International says it plans to remodel certain acquired and existing restaurants in Wendy's new image activation format . NPC International says restaurants will be owned and operated by co's unit NPC Quality Burgers Inc .says units to be acquired are located in Raleigh-Durham metropolitan area.  Full Article

Franchisee Wendy's Japan to acquire First Kitchen
Wednesday, 1 Jun 2016 03:45am EDT 

Wendys Co : Franchisee wendy's japan to acquire first kitchen with 136 restaurants . Closing of deal, which involves 136 restaurants, is anticipated at end of june .Wendy's japan , has entered into a definitive agreement to acquire 100% of equity of first kitchen ltd. From suntory holdings ltd.  Full Article

The Wendy's Company appoints Todd Penegor as CEO
Thursday, 26 May 2016 08:30am EDT 

Wendys Co : Todd Penegor has been appointed chief executive officer of company, in addition to his current role as president . Emil Brolick has retired from management duties with company . Bob Wright, EVP and chief operations officer, will assume leadership responsibilities for international division on May 30 . Penegor has served as chief financial officer of company since 2013 . Brolick will continue to serve on board of directors, and Penegor will join board of directors .The Wendy's Company appoints Todd Penegor chief executive officer.  Full Article

Wendy's Co announces leadership changes
Tuesday, 19 Apr 2016 04:35pm EDT 

Wendy's Co:Gunther Plosch will join the Company on May 2, 2016 and will serve as the Company's Chief Financial Officer following a transition period during the month of May.Brolick is expected to be succeeded as Chief Executive Officer by current President and Chief Financial Officer Todd Penegor.Brolick is expected to continue to serve on the Company's Board of Directors following his retirement to ensure continuity of leadership and strategic focus for the Company.  Full Article

The Wendy's Company Announces Regular Quarterly Cash Dividend Of $0.06 Per Share
Wednesday, 17 Feb 2016 04:05pm EST 

The Wendy's Company:Says declaration of its regular quarterly cash dividend of $0.06 per share.payable on March 15, 2016, to shareholders of record as of March 1, 2016.  Full Article

The Wendy'S Co gives FY 2016 and long-term outlook
Tuesday, 9 Feb 2016 06:01am EST 

The Wendy'S Co:Expects FY 2016 adjusted earnings per share of $0.35 to $0.37, with adjusted EBITDA down 2 percent to flat, due primarily to the timing of the 327 company-operated restaurants sold during 2015.Expects FY 2016 same-restaurant sales growth of about 3 percent for North America system.Expects adjusted earnings per share growth in high teens in FY 2017 and adjusted earnings per share growth of greater than 20 percent beginning in FY 2018.Expects adjusted EBITDA to be about flat in FY 2017 due to the impact of the anticipated sale of about 315 company-operated restaurants during FY 2016.Expects adjusted EBITDA to increase about 10 percent during FY 2018.  Full Article

The Wendy'S Co probing likely fraudulent payment-card charges - Reuters
Wednesday, 27 Jan 2016 12:13pm EST 

The Wendy'S Co:Wendy's Co WEN.O said on Wednesday it was investigating reports of unusual activity with payment cards used at some of its 5,700 locations in the United States - RTRS."Reports indicate fraudulent charges may have occurred elsewhere after payment cards were legitimately used at some restaurants," Wendy's spokesman Bob Bertini told Reuters in an email statement. - RTRS."Until this investigation is completed, it is difficult to determine with certainty the nature or scope of any potential incident," Bertini said. "We have hired a cyber security firm to assist, but are not disclosing the name at this point." - RTRS.Security blog Krebs on Security first reported the development earlier in the day. - RTRS.  Full Article

The Wendy'S Co says Todd Penegor appointed President with plans to assume CEO role in 2016
Thursday, 17 Dec 2015 04:15pm EST 

The Wendy'S Co:Wendy's company begins planned CEO succession process.Says Todd Penegor appointed president with plans to assume CEO role in 2016.Says the company is currently conducting an external CFO search to succeed penegor.Brolick is expected to continue as chief executive officer until the transition of penegor's duties as chief financial officer.Says Brolick is expected to continue as chief executive officer until the transition of penegor's duties as chief financial officer.Says Brolick is also expected to continue to serve on the board of directors upon his retirement.  Full Article

The Wendy'S Co - Protesters for higher U.S. fast-food worker wages march in New York - RTRS
Tuesday, 10 Nov 2015 08:07am EST 

The Wendy'S Co:U.S. fast-food workers launched a nationwide protest in Brooklyn early Tuesday to argue for higher wages and union rights that they hope will catch the attention of candidates in the 2016 elections - RTRS.A couple hundred protesters marched down downtown Brooklyn's Fulton Street, blocking traffic, chanting "We are the workers, the mighty workers fighting for justice." - RTRS.Organizers of the Fight for $15 campaign say the protests will be followed by rallies in 500 cities by low-wage workers in such sectors as fast food and home and child care - RTRS.The protests and strikes are aimed at gaining candidates' support heading into the 2016 election for a minimum wage of $15 an hour and union rights, it said - RTRS.The strikes and protests will include workers from McDonald’s, Wendy’s, Burger King, KFC and other restaurants, the statement said - RTRS.The scheduled protests will take place as McDonald's is holding an investor meeting - RTRS.  Full Article

Wendy'S Co Authorizes 9 Percent Dividend Rate Increase
Wednesday, 28 Oct 2015 04:05pm EDT 

Wendy'S Co:Authorized a 9 percent increase in the quarterly cash dividend rate from 5.5 cents to 6 cents per share.The increase will be effective with the next quarterly cash dividend, which is payable Dec. 15, to shareholders of record as of Dec. 1.  Full Article

BRIEF-NPC International to acquire 39 Wendy's units from Wendy's co

* NPC International Inc announces agreement to acquire 39 Wendy's units from Wendy's Co