| Business Summary | | Meritage
Hospitality
Group,
Inc.
is
the
United
States'
only
publicly
traded
"Wendy's
Old
Fashioned
Hamburgers"
restaurant
franchisee.
The
Company
serves
more
than
six
million
customers
annually
through
its
operation
of
33
Wendy's
restaurants
in
Western
and
Southern
Michigan.
All
restaurants
are
operated
pursuant
to
franchise
agreements
with
Wendy's
International,
Inc.,
the
franchisor
of
the
nationally
recognized
quick-service
restaurant
system
that
operates
under
the
"Wendy's"
brand
name. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MHG
is
engaged
in
the
quick-service
restaurant
business
through
its
operation
of
29
``Wendy's
Old
Fashioned
Hamburgers''
restaurants
in
western
and
southern
Michigan.
For
the
six
months
ended
5/31/01,
revenues
rose
15%
to
$17.6
million.
Net
income
applicable
to
Common
totaled
$88
million
vs.
a
loss
of
$346
thousand.
Revenues
reflect
the
opening
of
new
restaurants.
Net
income
also
reflects
the
inclusion
of
a
$460
thousand
gain
on
the
sale
of
impaired
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Schermer, Sr., 65 Chairman
of Directors | -- | Robert Schermer, Jr., 42 CEO,
Director | $137K | Robert Riley, 53 Pres | -- | Pauline Krywanski, 40 CFO,
VP-Fin., Treasurer | 109K | James Saalfeld, 33 VP,
Sec., Gen. Counsel | 99K | Dollar amounts are as of 30-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|