Oak Street the latest to push for change at casual-dining company
Red Robin Gourmet Burgers Inc. pushed back Tuesday after an investor group publicly stepped up pressure on the casual-dining company to make changes to its board and strategic direction. Investor group Oak Street Capital Management LLC, which owns about 13.3 percent of Red Robin’s outstanding shares, sent a letter to the company’s management Monday seeking changes on the company’s board of directors; a reduction of corporate overhead; a moratorium on growth until ...
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