Sandell reminds Bob Evans investors to take steps to ensure ability to vote Sandell Asset Management Corporation has issued the following statement to the shareholders of Bob Evans Farms: "Sandell reminds Bob Evans shareholders that they may need to take steps with their custodial banks and brokerage firms to ensure that they have the ability to vote their shares at the upcoming 2014 Annual Meeting. Bob Evans shareholders should pay particular attention to any shares presently held in swap arrangements or in margin accounts. In order to ensure that Bob Evans shareholders have the ability to vote their shares, they should consider beginning the process of promptly unwinding any swap accounts to allow sufficient time before the record date. Sandell also reminds Bob Evans shareholders that any shares held in margin accounts that may be loaned by a broker will need to be moved into a cash account in advance of the record date if shareholders want to vote their shares. While the company has not announced the record date for the 2014 Annual Meeting, we believe based on the broker notice sent by Bob Evans that July 3 is the record date for the company’s 2014 Annual Meeting."
News For BOBE From The Last 14 Days
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Bob Evans sees 10%-12% long-term EPS growth Sees long term average annual net sales growth of 3%-3.5%. It expects to up to 10 new restaurants annually. Expects long-term SSS and new restaurants expected to contribute equally to net sales growth, for about 1.5%-1.75% each. Expects BEF Foods long-term average annual net sales growth of 6%-7%. Expects FY15 CapEx to be between $85M-$90M. Comments taken from slides for company's Investor Day in July.