OTHER NEWS - March 22, 1994
From Times Staff and Wire Reports
Hamburger Hamlet Stockholders Want CEO to Quit: A major group of shareholders in Hamburger Hamlet Group Restaurants Inc. may seek the resignation of Thomas McFall as chairman, chief executive and acting president. The Hamb Investor Group, which owns a 16.2% stake in the Sherman Oaks-based chain, plans to propose that McFall resign his titles, according to a Schedule 13D filed at the Securities and Exchange Commission. However, “the Hamb Investors Group has not yet determined whether to actively seek the removal of McFall or any other incumbent directors, nor whether it will solicit proxies for such purposes,” the filing said. The company’s stock slipped 12.5 cents to $6.375 on Nasdaq.
