BNET Industries

Market Cap:$674.0M
Last Fiscal Year Sales:$814.5M
  • Public
  • US
Dow Jones Description

Chuck E. Cheese's was founded by Nolan Bushnell (founder of Atari & Pong), in May 1977. The first Chuck E. Cheese's was located on Winchester Boulevard, in San Jose, California. The concept for Chuck E. Cheese's evolved from Mr. Bushnell's belief that there were not enough places where young people could go to play video games that had a family atmosphere.

President & CEO
Michael Magusiak
Number of Employees 16,800
Contact Information

4441 W Airport Fwy

Irving, Texas 75062-5834

www.chuckechees...

(972) 258-8507

NAICS Code Limited-Service Restaurants: 722211

Recent Events

  • CEC Entertainment Rose To Nearly Three-Month High Friday

    11/02/09 - Financial Announcement - View Story

  • Chuck E. Cheese's to debut attractions, direct mail

    8/24/09 - Financial Announcement - View Story

  • CEC Entertainment Reports Financial Results for the Second Quarter of Fiscal 2009

    7/30/09 - Financial Announcement - View Story

News & Analysis

cec entertainment inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael Magusiak President & CEO
Christopher D. Morris CFO, Treasurer & Executive Vice President
Michael Beacham COO, Intl Dev & Senior Vice President
Walter Tyree Chief Operating Officer, Boston Chicken, Texas
Gene Cramm Executive Vice President, Games & Concept Evolution
John R. Cardinale Executive Vice President, Development & Purchasing
Mark Flores Executive Vice President
Richard T. Huston Executive Vice President, Marketing
Thomas Oliver General Counsel & Executive Vice President
James Mabry Controller & Vice President
Jon Rice Vice President, Marketing
Lois Perry Vice President, Advertising
Chuck E Cheese Founder of Atari & Pong
Nikki Thompkinson Coordinator, Marketing
Louis P. Neeb Director
Tim T. Morris Director
Cynthia I Pharr Lee Committee Member

Board of Directors

Name (plus bio) Position
Richard M. Frank Chairman of the Board
Arthur Anderson Board of Directors
Cynthia I. Pharr Lee Board of Directors
Cynthia Pharr Board of Directors
Larry T. McDowell Board of Directors
Raymond E. Wooldridge Board of Directors
Tommy R. Franks Board of Directors

MICHAEL H. MAGUSIAK was elected President of the Company in June 1994. He had previously served as Executive Vice President, Chief Financial Officer and Treasurer since June 1988. He has also served as a Director of the Company since 1988. He was Vice President of the Company from October 1987 to June 1988 and Controller of the Company from October 1987 to January 1989. He joined the Company in July 1987.

Organization Position Status
CEC Entertainment, Inc. President & CEO Current
CEC Entertainment, Inc. Board of Directors Current
CEC Entertainment, Inc. President Former
CEC Entertainment, Inc. Vice President Former
CEC Entertainment, Inc. Controller Former

Organization Position Status
CEC Entertainment, Inc. CFO, Treasurer & Executive Vice President Current

Organization Position Status
CEC Entertainment, Inc. COO, Intl Dev & Senior Vice President Current

WALTER TYREE was elected as a Director of the Company in June 1997. Mr. Tyree is currently Division President of Boston Chicken, Inc. Mr. Tyree has served in that position since October 1999. He previously held the position of Vice President of Operations for Boston Chicken from October 1998 until October 1999. Mr. Tyree had served as Chief Operating Officer of BCBM Southwest, Inc., a Boston Market franchisee, from January 1993 until October 1998. From 1980 to 1992, Mr. Tyree served in various positions with Steak and Ale, a restaurant company, most recently as a Regional Director.

Organization Position Status
CEC Entertainment, Inc. Chief Operating Officer, Boston Chicken, Texas Current
CEC Entertainment, Inc. Director Current
CEC Entertainment, Inc. Committee Member Current
Boston Market Corporation Chief Operating Officer Former
Steak and Ale Regional Director Former

Organization Position Status
CEC Entertainment, Inc. Executive Vice President, Games & Concept Evolution Current

Organization Position Status
CEC Entertainment, Inc. Executive Vice President, Development & Purchasing Current

Organization Position Status
CEC Entertainment, Inc. Executive Vice President Current

RICHARD T. HUSTON has served as Executive Vice President of the Company since July 1986 and as Director of Marketing and Strategic Development since January 1993. He has also served as a Director of the Company since 1999. His responsibilities as an officer of the Company were expanded from June 1994 to March 1997 to include Entertainment as well as Marketing. He served as Director of Marketing and Development from October 1988 to January 1993. He served as Vice President from October 1985 to July 1986, and as Director of Marketing from October 1985 to October 1988. He joined the Company in 1985.

Organization Position Status
CEC Entertainment, Inc. Executive Vice President, Marketing Current
CEC Entertainment, Inc. Board of Directors Current
CEC Entertainment, Inc. Director of Marketing and Strategic Development Former

Organization Position Status
CEC Entertainment, Inc. General Counsel & Executive Vice President Current

Organization Position Status
CEC Entertainment, Inc. Controller & Vice President Current
CEC Entertainment, Inc. Board of Directors Current

Organization Position Status
CEC Entertainment, Inc. Vice President, Marketing Current

Organization Position Status
CEC Entertainment, Inc. Vice President, Advertising Current

Organization Position Status
CEC Entertainment, Inc. Founder of Atari & Pong Current
CEC Entertainment, Inc. Board of Directors Current

Organization Position Status
CEC Entertainment, Inc. Coordinator, Marketing Current

Organization Position Status
Westwood Management Corporation Member of Audit Committee Current
CEC Entertainment, Inc. Chairman of the Board Current
Westwood Management Corporation Director Current
Westwood Holdings Group, Inc. Director Current
Westwood Trust Director Current
CEC Entertainment, Inc. President Former
CEC Entertainment, Inc. Chief Operating Officer Former
CEC Entertainment, Inc. Director Former

LARRY T. McDOWELL was elected as a Director of the Company in February 2005. Mr. McDowell retired in 1997 from Arthur Anderson, LLP, a public accounting firm. Mr. McDowell was employed by Arthur Anderson, LLP from 1963 to 1997, serving as a Tax Partner from 1974 through 1997. In addition thereto, he held positions of head of U.S. Financial Institutions Tax Specialty Team and a member of the firm's Tax Division's Long-Range Planning Committee. Mr. McDowell is currently a Member of the Audit and Ethics Committee of United Way of Metropolitan Dallas, and had previously served as Treasurer and one of its Board Members.

Organization Position Status
CEC Entertainment, Inc. Board of Directors Current

CYNTHIA I. PHARR LEE was elected as an independent, non-management Director of the Company in August 1994. Since 1993, Ms. Pharr Lee has served as President of C. Pharr & Company, a communications and human capital consulting firm. A co-founder of Texas Women Ventures Fund, Ms. Pharr Lee serves on the Fund’s Investment Advisory Committee and is also a board member of Southwest Venture Forum. Ms. Pharr Lee is a former President of Executive Women of Dallas and National Chairman of the Counselor’s Academy of the Public Relations Society of America. From May 1989 through February 1993, Ms. Pharr Lee was President and Chief Executive Officer of Tracy Locke/Pharr Public Relations, a division of Omnicom (NYSE). From August 1986 through April 1989, Ms. Pharr Lee was President and Owner of C. Pharr & Company, a public relations agency. Ms. Pharr Lee served as a Director of Spaghetti Warehouse, Inc. from August 1991 through January 1999 when the company was sold.

Organization Position Status
CEC Entertainment, Inc. Board of Directors Current

CYNTHIA I. PHARR was elected as a Director of the Company in August 1994. She is currently President and owner of C. Pharr & Company, a communications management consulting firm. She has served in that position since March 1993. From May 1989 through February 1993, Ms. Pharr was President and Chief Executive Officer of Tracy Locke/Pharr P R, a public relations firm. From August 1986 through April 1989, she was President and owner of C. Pharr & Company, Inc. a public relations agency. Ms. Pharr had served as a member of the Board of Directors of Spaghetti Warehouse, Inc. from August 1991 until January 1999, and as Chairman of the Board of GuestCare, Inc., a privately held technology company, from February 1994 until June 1999.

Organization Position Status
C. Pharr & Company Owner Current
CEC Entertainment, Inc. Board of Directors Current
C. Pharr & Company President Former
Spaghetti Warehouse, Inc. Director Former

LARRY T. McDOWELL was elected as an independent, non-management Director of the Company in February 2005. Mr. McDowell retired in 1997 from Arthur Andersen, LLP, a public accounting firm. Mr. McDowell was employed by Arthur Andersen, LLP from 1963 to 1997; serving as a Tax Partner from 1974 through 1997. In addition, he held the position of head of U.S. Financial Institutions Tax Specialty Team and a member of the firm’s Tax Division’s Long-Range Planning Committee. Mr. McDowell is currently a Member of the Audit and Ethics Committee of United Way of Metropolitan Dallas, and had previously served as Treasurer and one of its Board Members.

Organization Position Status
CEC Entertainment, Inc. Board of Directors Current
United Way of Metropolitan Dallas, Inc Member of the Audit and Ethics Committee Current
CEC Entertainment, Inc. Committee Member Current
Arthur Anderson & Co. Tax Partner Former
United Way of Metropolitan Dallas, Inc Board Member Former

Louis P. Neeb served as interim Chief Executive Officer of the Company from December 15, 2006 to April 4, 2007. He has served as Chairman of the Board of the Company since October 1995, as Chief Executive Officer of the Company from April 1996 to May 2000, and as interim President from August 1997 to April 1998. Since 1982 Mr. Neeb has also served as President of Neeb Enterprises, Inc., a restaurant consulting company. From July 1991 to January 1994, Mr. Neeb served as President of Spaghetti Warehouse, Inc. From September 1989 to June 1991, Mr. Neeb served as President of Geest Foods USA. From 1982 to 1987, Mr. Neeb served as President and Chief Executive Officer of Taco Villa, Inc. and its predecessors, a publicly held corporation controlled by W.R. Grace & Co., where he oversaw the development of the Applebee's restaurant chain, and the operation of the Del Taco restaurant chain. From 1980 to 1982, Mr. Neeb served as Chairman of the Board and Chief Executive Officer of Burger King Corporation. From 1973 to 1980, Mr. Neeb served in various positions, including President and Chief Operating Officer of Steak & Ale Restaurants. During that time, Mr. Neeb directed the development of the Bennigan's restaurant concept. Mr. Neeb serves as a director of CEC Entertainment, Inc. and Denny’s Corporation.

Organization Position Status
Mexican Restaurants, Inc. Chairman of the Board Current
Pillsbury Chairman Current
Franchise Finance Corporation of America Director Current
Denny's Corporation Board of Directors Current
Silver Diner, Inc. Director Current
CEC Entertainment, Inc. Director Current
CEC Entertainment, Inc. Committee Member Current
Spaghetti Warehouse, Inc. Chief Executive Officer Former
W.R. Grace & Company Chief Executive Officer Former
Spaghetti Warehouse, Inc. President Former
Pillsbury Executive Vice President Former
Steak & Ale Restaurants Vice President of Operations and President Former
Pillsbury Director of Operations Former
Franchise Finance Director Former
The George Washington University Mba Former
University of Notre Dame B.B. A. In Marketing Former
Georgetown University Bachelor of Arts degree in Philosophy Former
University of Pittsburgh B.B.A. in Accounting Former

Raymond E. Wooldridge has served as a director of Westwood since its inception in December 2001. He has served as a director of Westwood Trust since 2000. He is a director of CEC Entertainment, Inc., a Dallas-based NYSE company that operates a chain of pizza and children's entertainment restaurants, D. A. Davidson & Company, Inc., an investment firm located in the Pacific Northwest. From 1986 to 1999, he was a director of SWS; from 1996 to 1999, he served as the Vice Chairman and Chairman of the Executive Committee of SWS; from 1993 to 1996, he served as Chief Executive Officer of SWS; and from 1986 to 1993, he served as President and Chief Operating Officer of SWS. He is a past Chairman of the National Securities Clearing Corporation, a national clearing agency registered with the SEC and past Vice Chairman of the Board of Governors of the National Association of Securities Dealers.

Organization Position Status
Westwood Management Corporation Committee Chair for Audit Committee Current
Westwood Holdings Group, Inc. Committee Chair for Audit Committee Current
Northern California Power Agency Board of Directors Current
University of Dallas Board of Directors Current
CEC Entertainment, Inc. Board of Directors Current
D.A. Davidson & Co Director Current
Westwood Trust Director Current
The Westwood Board of Directors Current
Security Bank Corporation Member Current
Davidson Trust Company Member Current
National Securities Clearing Corporation Past Chairman Former
Westwood Management Corporation Director Former
Episcopal School of Dallas Board Member Former

TIM T. MORRIS was elected as a Director of the Company in June 1997. Mr. Morris is currently the President of Morris Capital Management, LLC, and investment firm. From 1990 through 2002, Mr. Morris was the President of River Associates, LLC, an investment firm. From 1981 through 1990 Mr. Morris was an Office Managing Partner of Deloitte & Touche, an accounting firm. From 1977 through 1981 Mr. Morris was a Partner of Rogers, Morris, Millsaps & Underwood, CPA's, an accounting firm. From 1968 through 1977 Mr. Morris was a Partner of Hazlett, Lewis & Bieter, CPA's, an accounting firm.

Organization Position Status
CEC Entertainment, Inc. Director Current
CEC Entertainment, Inc. Committee Member Current
River Associates, LLC President Former
Hazlett, Lewis & Bieter Partner Former

GEN. TOMMY FRANKS, retired, was elected as an independent director of the Company on March 26, 2008. General Franks has operated Franks & Associates, LLC, a private consulting firm, since 2003. He served in the United States Army from 1965 to 2003. In August 2003, he retired as a four star general. He currently serves on the Compensation and Nominating/Corporate Governance Committees. General Franks currently serves on the Board of Directors and Audit Committee of Bank of America, NA, a New York Stock Exchange listed company.

Organization Position Status
CEC Entertainment, Inc. Board of Directors Current
The United States Army General Former
Bank of America Corporation Board of Directors Former

Organization Position Status
C. Pharr & Company President Current
CEC Entertainment, Inc. Committee Member Current
Omnicom, Inc. Chief Executive Officer Former
Omnicom, Inc. President Former
C. Pharr & Company Owner Former

Executive News

  • Chuck E. Cheese's to debut attractions, direct mailIRVING, Texas (Aug. 24, 2009)

    Nations Restaurant News - 8/24/09 - View Story

  • Chuck E. Cheese's to debut attractions, direct mail

    Nations Restaurant News - 8/24/09 - View Story

  • BofA names Robert Scully to board

    San Francisco Business Times - 8/24/09 - View Story

  • BofA names Robert Scully to board

    Twin Cities Business Journal - 8/23/09 - View Story

  • BofA names Robert Scully to board

    Biz Journals - 8/22/09 - View Story

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     CEC $29.64 +0.49 (1.68% )
Average Volume 273,359
Shares Outstanding 22.74M
Market Cap 674.0M
Year High 34.77
Year Low 13.5
Earnings Per Share 2.54
P/E Ratio 11.67
Dividend N/A
Yield N/A
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