BNET Industries
Market Cap:$28.9M
Last Fiscal Year Sales:$75.8M
- Public
- US
Dow Jones Description
Kona Grill brings a taste of the islands to the landlocked parts of America. Founded in 1994 and headquartered in Scottsdale, AZ, Kona Grill Inc. (NASDAQ: KONA) owns and operates a chain of restaurants. The company has about 10 Kona Grill restaurants located in shopping malls and lifestyle and entertainment centers in 7 US states, mostly in the Southwest and Midwest. It serves seafood and American food with island themes, and a variety of sushi. It also offers drinks and happy hours. The company employs about 1,100 people and had 2005 revenue of about $36.8 million. In April 2006, it opened its tenth restaurant, in Dallas, Texas.
Chairman, President & CEO
Marcus E. JundtNumber of Employees 1,910
Peer Companies
NAICS Code Full-Service Restaurants: 722110
Recent Events
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Kona Grill COO Bartholomay resigns
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Kona Grill Announces Resignation of Mark Bartholomay
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Kona Grill appoints new CEO
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Kona Grill cuts loss in 3QSCOTTSDALE, Ariz. (Oct. 27, 2009)
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Kona Grill opens its first Minnesota restaurant: The Arizona chain, with many Twin Cities ties,...
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Kona Grill Reports Second Quarter Results
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Kona Grill says buyout offer is too low
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13D Filings
News & Analysis
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call transcript and kona grill inc. - All News and Analysis
Kona Grill, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Robert Brown – Craig-Hallum. Robert Brown – Craig-Hallum [inaudible] in your comp base units and compare to the non comp units? Mark Robinow I’m sorry we didn’t hear the first part of your questions. Robert Brown – Craig-Hallum I was...
Kona Grill, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Robert Brown - Craig-Hallum Capital. Robert Brown - Craig-Hallum Capital Could you just give a little more color on your guidance, what comp expectation do you have for Q3 and what are the trends you've seen thus far in...
Kona Grill, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, gentlemen. Operator Instructions We’ll go first to Brad Whittington - KeyBanc Capital Markets Brad Whittington - KeyBanc Capital Markets Let me start off by checking on the markets you just talked about opening, planned openings, you said one more and might have to delay...
Kona Grill, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Yes. Thank you. Operator Instructions Your first question comes from Matthew Difrisco - Oppenheimer & Co. Matthew Difrisco - Oppenheimer & Co. Mark, I think you said, if I heard right, you had cash at the end of the year of $5.5 million, though...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Jason J. Merritt | COO & Executive Vice President |
| Mark S. Robinow | CFO, Executive Vice President & Secretary |
| Daniel Walsh | Vice President, Development |
| Mark L Bartholomay | |
| Frank B. Bennett | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Marcus E. Jundt | Chairman, President & CEO |
| C. Donald Dempsey | Board of Directors |
| Douglas G. Hipskind | Board of Directors |
| Kent D. Carlson | Board of Directors |
| Mark A. Zesbaugh | Board of Directors |
| Mark L. Batholomay | Board of Directors |
| Richard J. Hauser | Board of Directors |
| Tony Winczewski | Board of Directors |
| W. Kirk Patterson | Board of Directors |
Marcus E. Jundt has served as our President and Chief Executive Officer since July 2006, as Chairman of the Board since March 2004, and as a director of our company since September 2000. Prior to joining our company, Mr. Jundt served as Vice Chairman and President of the investment advisory firm of Jundt Associates, Inc. During November 2007, a receiver was appointed to administer the assets of Jundt Associates, Inc. From November 1988 to March 1992, Mr. Jundt served as a research analyst for Victoria Investors covering the technology, health care, financial services, and consumer industries. From July 1987 until October 1988, Mr. Jundt served in various capacities on the floor of the Chicago Mercantile Exchange with Cargill Investor Services. Mr. Jundt also serves as a director of Acuo Technologies and Spineology, both private companies.
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Chairman, President & CEO | Current |
| Jundt Funds, Inc. | Current | |
| Northwestern University | Graduate School | Former |
| CME Group, Inc. | Former | |
| Kona Grill Inc. | Chairman | Former |
| Kona Grill Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | COO & Executive Vice President | Current |
Mark S. Robinow has served as our Executive Vice President, Chief Financial Officer, and Secretary since October 2004. Prior to joining our company, Mr. Robinow served as the Chief Financial Officer of Integrated Decisions and Systems, Inc. (IDeaS) from July 2000 until October 2004. Mr. Robinow served as the Senior Vice President and Chief Financial Officer of Rainforest Cafe, Inc. from November 1995 until January 2000. Mr. Robinow served as the Chief Financial Officer of Edina Realty, Inc. from 1993 until 1995, and as Chief Financial Officer, Secretary, and Treasurer of Ringer Corporation from 1986 until 1993. Mr. Robinow also served as a senior auditor with Deloitte & Touche from 1980 until 1983.
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | CFO, Executive Vice President & Secretary | Current |
| Deloitte Touche Tohmatsu | senior auditor | Former |
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Vice President, Development | Current |
Mr. Bartholomay has served as our Senior Vice President of Development since May 2007 and was appointed to act as interim Chief Operating Officer during November 2008. Mr. Bartholomay has over 12 years of experience in real estate development, construction, prototype design, operations, and finance. Mr. Bartholomay served as the Founder and Senior Partner of GBG Consulting, LLC, a private restaurant consulting firm from July 2005 until May 2007. From July 2000 to June 2005, he served as Vice President of Business Development at Famous Dave's of America, Inc., a publicly traded owner, operator, and franchisor of restaurants. Prior to that, Mr. Bartholomay served as Senior Vice President of International Development and Operations at Rainforest Cafe, Inc., a publicly traded restaurant company. Mr. Bartholomay served as a director of the Company between January 2006 and May 2007.
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Board of Directors | Current |
| Caribou Coffee Company Inc. | Chief Executive Officer | Former |
| Kona Grill Inc. | President & CEO | Former |
| Caribou Coffee Company Inc. | President | Former |
Douglas G. Hipskind has served as a director of our company since November 2003. Mr. Hipskind has served as a Principal and Chief Operating Officer of Vail Development, LLC, a hotel development company which is designing and developing the Four Seasons Resort in Vail, Colorado, since June 2004. Mr. Hipskind also served as a Managing Director of Jundt Associates, Inc., from January 2001 to November 2006. From August 1999 to January 2001 he served as Controller of Jundt Associates, Inc. From December 1993 to August 1999, Mr. Hipskind served in the Financial Services practice of KPMG LLP, where he was responsible for tax and consulting matters for his mutual fund and investment partnership clients. Mr. Hipskind is a certified public accountant.
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Board of Directors | Current |
| KPMG International | Former | |
| Four Seasons Resort, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Fairfax Financial Holdings Ltd. | President | Current |
| Dowling & Partners | Current | |
| Aon Re Canada Inc. | Deputy Chairman | Current |
| Odyssey Re Holdings Corp. | Board of Directors | Current |
| Northbridge Financial Corporation | Board of Directors | Current |
| Multiband Corporation | Director | Current |
| Kona Grill Inc. | Director | Current |
| Piper Jaffray Companies | Vice President | Former |
| Fairfax Financial Holdings Ltd. | audit committee member | Former |
| Fairfax Financial Holdings Ltd. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Fireman's Fund Insurance Company | Current | |
| Kona Grill Inc. | Board of Directors | Current |
| Allianz Life Insurance Company of North America | CEO | Former |
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Board of Directors | Current |
Richard J. Hauser has served as a director of our company since December 2004. Mr. Hauser serves as the President and owner of Capital Real Estate, Inc., a commercial real estate development company based in Minneapolis, Minnesota, which he founded in 2001. In addition, Mr. Hauser is the Manager and owner of Net Lease Development, LLC, which is a controlled operating company under Capital Real Estate, Inc. Prior to founding Capital Real Estate, Inc. and Net Lease Development, LLC, Mr. Hauser served as a partner with Reliance Development Company, LLC from 1992 to 2001, where he was responsible for the management, development, and sale of retail properties.
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commercial Partners Title, LLC | Principal, President | Current |
| Commercial Partners Title, LLC | Owner | Current |
| Minnesota Land Title Association | Current | |
| Msca | Board of Directors | Current |
| National Association of Industrial and Office Properties | Board of Directors | Current |
| Kona Grill Inc. | Board of Directors | Current |
| National Association of Industrial and Office Properties | Member | Current |
| Msca | Member | Current |
| Commercial Partners Title, LLC | Co-Founder | Current |
| Commercial Partners Title, LLC | Paralegal | Former |
W. Kirk Patterson has served as a director of our company since January 2005. Mr. Patterson has served as Vice President and Chief Financial Officer of Staktek Holdings, Inc., a provider of high-density memory solutions, since November 2003. From July 2003 to November 2003, Mr. Patterson served as Acting Chief Financial Officer, Vice President of Finance, and Corporate Controller of Cirrus Logic, Inc., a developer of mixed-signal integrated circuits. From February 2000 to November 2003, he served in a variety of roles at Cirrus Logic, including Vice President of Finance and Corporate Controller, Treasurer, and Director of Financial Planning and Analysis. From November 1999 to February 2000, Mr. Patterson served as Regional Manager of Accounting Services of PricewaterhouseCoopers, a public accounting firm. From June 1980 to November 1999, Mr. Patterson served in several positions with BP Amoco Corporation, a provider of energy and petrochemicals, most recently as Manager, Planning and Economics, for the Amoco Energy Group North America.
| Organization | Position | Status |
|---|---|---|
| Kona Grill Inc. | Board of Directors | Current |
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