Not independent
Tenure on this board
0.8 yrs
12 nominees · 1 ballot item.
One proposal to approve a reverse stock split of Noodles & Company Class A common stock, to be implemented at the Board's discretion within one year, with a ratio ranging from 1-for-2 to 1-for-15, primarily to regain Nasdaq listing by raising the stock price; the proposal is sponsored by management and includes a board recommendation to vote FOR.
Amend the Certificate of Incorporation to effect a reverse stock split of Class A common stock by a ratio in the range of 1-for-2 to 1-for-15, as determined by the Board, with such action to be effected within one year after the Special Meeting; no fractional shares will be issued and the number of authorized shares remains unchanged; purpose to increase the per-share price to maintain Nasdaq listing and potentially improve liquidity.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Mill Road Capital Management LLC | 10.0% | 587,393 | $5M |
| 2 | Nantahala Capital Management, LLC | 9.4% | 553,746 | $5M |
| 3 | Mill Road Capital Management LLC | 4.8% | 283,267 | $2M |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.9% | 230,727 | $2M |
| 5 | BlackRock, Inc. | 1.1% | 62,258 | $532K |
| 6 | JANE STREET GROUP, LLC | 0.8% | 46,896 | $401K |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 0.8% | 44,720 | $382K |
| 8 | VANGUARD FIDUCIARY TRUST CO | 0.4% | 25,124 | $215K |
| 9 | Centiva Capital, LP | 0.4% | 24,923 | $213K |
| 10 | STATE STREET CORP | 0.4% | 22,743 | $194K |
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