Risk Factors Update Summary
- The purchase of beef now represents approximately 25% of food and beverage costs.
- Failure to maintain effective internal control over financial reporting could lead to significant consequences.
- The number of new restaurant openings may decrease from approximately seven to twelve.
- The number of licensed STK restaurants increased from five to six.
- The percentage of employees earning the lower minimum wage decreased from 34% to 33%.
- The estimated percentage of sales by credit or debit cards is approximately 80%.
- The term for future leases has been extended from 5 years to 10 years.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1399520&owner=exclude
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