BNET Industries
Market Cap:$55.8M
Last Fiscal Year Sales:$140.3M
- Public
- US
Dow Jones Description
Folks like you made Dave "Famous". His barbeque and restaurants have been showered in more awards than he has walls to hang 'em on. Over three hundred for best ribs, best new restaurant, best music, best take-out and best barbeque joint. Heck, we didn't even have ta' bribe the judges. Fair and square, Famous Dave's offers great barbeque and fun. But that's for you to judge, 'cause after all, you're our best critics. Come on in, we'll treat y'all right.
President and Chief Executive Officer, Director (Principal Executive Officer)
Christopher O DonnellNumber of Employees 300
Contact Information
12701 Whitewater Dr Ste 200
Hopkins, Minnesota 55343-4165
(952) 294-1300
Peer Companies
NAICS Code Full-Service Restaurants: 722110
Recent Events
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Famous Dave's Reports Third Quarter Earnings of $0.13 Per Share
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Famous Dave's Updates Restaurant Opening Guidance, Further
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Famous Dave's Bar-B-Que Opens Restaurants in Lake Delton, WI; Topeka, KS; and Fort Collins, CO
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Famous Dave’s Bar-B-Que Opens Restaurants in Thousand Oaks, California and Amarillo, Texas
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Famous Dave's Reports Second Quarter Earnings of $0.26 per share
News & Analysis
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famous dave's of america inc. - All News and Analysis
Famous Dave's: Long-Term Targets Seem Achievable
Paul Price submits: Famous Dave’s (NDQ:DAVE) Oct. 3, 2009 close: $5.40 52-week range: $2.00 (Mar. 5, 2009) - $7.25 (Jul. 30, 2009) by Paul Price
Restaurants Add New Low-Price Promotions
Zacks.com submits: The restaurant industry had some good news earlier this summer, when restaurant traffic seemed to stabilize and stock prices increased. We chatted with Zacks senior restaurant industry analyst Ann Northrop, CFA to see if some positive sentiment remains in the group, or perhaps just for a...
Raw Data Report: Noble Roman's, Famous Dave's, BJ's
TickerMine submits: Each day, Wall Street is flooded with stock research offering a multitude of conflicting investment opinions. As such, TickerMine is not in the business of providing more opinions. We believe that accurate raw data points can be used to gain insight in to the stock...
Famous Dave’s of America Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator At this time, I would like to remind everyone in order to ask a question, press *, then the number 1 on your telephone keypad. If you would like to withdraw your question, press the pound key. We will pause for just a moment to...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Christopher O Donnell | President and Chief Executive Officer, Director (Principal Executive Officer) |
| Christopher O'Donnell | President and CEO |
| F. Lane Cardwell Jr. | Companys Interim President and Chief Executive Officer |
| Wilson Craft | Chief Executive Officer |
| Diana Purcel | Chief Financial Officer |
| Lisa A. Kro | Managing Director and Chief Financial Officer of Goldner Hawn Private Equity |
| Mary L. Jeffries | Chief Operating Officer |
| Andy Simpson | Vice President of Construction and Design |
| Aric Nissen | Vice President, Marketing, R & D |
| Ben Welshons | Vice President of Company Operations |
| Clark Grant | Vice President of Finance |
| Cory Kvasnicka | Vice President of Procurement & Construction |
| Jackie Kane Ottoson | Vice President of Human Resources |
| Jeff Abramson | Vice President of Procurement and Logistics |
| Jim Murphy | Vice President of Franchise Operations |
| David L. Anderson | Founder |
| David W. Anderson | Founder |
| Mike Bowar | |
| Richard L. Monfort | Dean A. Riesen Voting Securities and Principal Holders Thereof |
| Sammy Benmoha | |
| Lane Cardwell | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| K. Jeffrey Dahlberg | Chairman of the Company |
| David Goronkin | Board of Directors |
| Dean A. Riesen | Board of Directors |
Christopher O Donnell currently serves as the Company s President and Chief Executive Officer and as a member of the Company s Board of Directors. Mr. O Donnell has served in several capacities since joining the Company in February 1998, including as Vice President of Teaching and Learning from February 1998 to June 2002, as Senior Vice President of Operations from June 2002 to January 2006, as Executive Vice President of Operations from January 2006 to January 2007, and as Chief Operating Officer since January 2007. Mr O Donnell was promoted to the offices of President and Chief Executive Officer in September 2008. Prior to joining the Company, Mr. O Donnell was Vice President of Product Development for Pencom International, a producer of training products for restaurant and hotel operators. From 1982 to 1987, Mr. O Donnell was the operating partner in Premier Ventures, a high volume restaurant located in Denver, Colorado.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | President and Chief Executive Officer, Director (Principal Executive Officer) | Current |
| Famous Dave's of America, Inc. | Chief Operating Officer | Former |
| Human Resources Incorporated | Company S Vice President | Former |
| Pencom International | Vice President of Development | Former |
Christopher joined Famous Dave’s in January 1998, and has held the positions of VP, Human Resources, as well as Senior VP Operations and EVP, Operations. Christopher has overall responsibility for Company Operations, Franchise Operations, and Franchise Relationships. Prior to Famous Dave's of America, O’Donnell was the Vice President of Development for Pencom International in Denver, Colorado. From 1982 to 1997, O’Donnell was the operations partner in Premier Ventures—a high volume restaurant company in Denver, Colorado.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | President and CEO | Current |
| Famous Dave's Barbeque Ribs and Sauces | Senior Vice President of Operations | Current |
| Famous Dave's of America, Inc. | Board of Directors | Current |
| Famous Dave's of America, Inc. | COO | Former |
| Pencom International | Vice President of Development | Former |
| Famous Dave's Barbeque Ribs and Sauces | Vice President of Human Resources | Former |
| Premier Ventures Inc. | Partner | Former |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Companys Interim President and Chief Executive Officer | Current |
| The Chain Gang Ltd. | Partner | Current |
| Batrus Hollweg | Advisory Board Member | Current |
| P.F. Chang's China Bistro, Inc. | Director | Current |
| Famous Dave Ltd | Board of Directors | Current |
| Famous Dave's of America, Inc. | Board of Directors | Current |
| Bakery.Com | President | Former |
| North Texas Food Bank | President | Former |
| Brinker International, Inc. | Chief Administrative Officer | Former |
| Brinker International, Inc. | Executive Vice President | Former |
| Famous Dave's of America, Inc. | Executive Compensation | Former |
| Brinker International, Inc. | Member, Board of Directors | Former |
| University of North Texas | MBA In Finance | Former |
| Southern Methodist University | Bba In Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Chief Executive Officer | Current |
| Longhorn Steakhouse | Executive Vice President of Operations | Current |
| Brinker International, Inc. | Senior Vice President | Former |
| Famous Dave's of America, Inc. | Board of Directors | Current |
Ms. Purcel has served as Chief Financial Officer and Secretary of the Company since November 19, 2003. Prior to joining the Company, Ms. Purcel served as Vice President and Chief Financial Officer of Paper Warehouse, Inc., a publicly held chain of retail stores specializing in party supplies and paper goods, from 2002 until September 2003, during which time that company filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Minnesota. While she was with Paper Warehouse, she also served as its Vice President, Controller and Chief Accounting Officer from 1999 to 2002. Over the course of her career, Ms. Purcel has held financial and accounting positions with Provell, Inc (formerly Damark International, Inc.) and Target Corporation (formerly Dayton Hudson Corporation). Ms. Purcel is a certified public accountant who spent five years with the firm of Arthur Andersen in the late 1980s and early 1990s.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Chief Financial Officer | Current |
| Women's Foodservice Forum | Board of Directors | Current |
| National Restaurant Association | Board of Directors | Current |
| Provell, Inc. | Former | |
| Target Corporation | Former | |
| Tulane University | Former |
Lisa A. Kro joined Goldner Hawn Private Equity in 2004 as Chief Financial Officer and became a Managing Director in 2005. Prior to joining Goldner Hawn she was at KPMG LLP, an international public accounting firm from 1987-2004, where she was an audit partner. Ms. Kro also serves on the board of a privately held company.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Managing Director and Chief Financial Officer of Goldner Hawn Private Equity | Current |
| Famous Dave's of America, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Chief Operating Officer | Current |
| Famous Dave's of America, Inc. | Chairperson | Current |
| Healthcare Services | Assistant Controller | Former |
| Fairview Hospital | Assistant Controller | Former |
| St. Paul Venture Capital Inc. | Former | |
| Famous Dave's of America, Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President of Construction and Design | Current |
Aric Nissen joined Famous Daves of America, Inc in January 2009 as Vice President of Marketing and R&D. Mr. Nissen brings over 15 years of brand management and marketing expertise to the company where his job includes leading a team of marketing professionals, creative agencies, and culinary talent. Prior to joining the company, Mr. Nissen was Vice President of Brand Marketing for Dairy Queen where he worked for seven years. His accomplishments include increasing awareness and achieving large sales gains for the signature “Blizzard” brand and overseeing menu strategy for more than 5,600 Dairy Queen® locations and approximately 400 Orange Julius® locations across North America. Mr. Nissen began his career as a graphic designer and was a principle in the firm Design Time. He has led marketing efforts for the Country Kitchen and Leeann Chin restaurant chains. Mr. Nissen has appeared on television with Food Network and with Donald Trump as a guest judge on NBC’s The Apprentice. His marketing efforts have been featured in publications including Nation’s Restaurant News, Restaurant Business, USA Today, and Brandweek. In 2009 Mr. Nissen was named a “Forty under 40” honoree by the Minneapolis-St. Paul Business Journal. Mr. Nissen is active in professional associations and currently serves on the Board of Directors for the Marketing Executives Group (MEG) of the National Restaurant Association. He holds an Executive M.B.A. from the Carlson School of Management and a Bachelors Degree from the University of Minnesota in Minneapolis.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President, Marketing, R & D | Current |
| National Restaurant Association | Board of Directors | Current |
| Carlson School of Management | M.B.A. | Former |
| University of Minnesota | Bachelors Degree | Former |
Ben Welshons joined Famous Dave's in it's infancy in May of 1997 and while with FDA, has held the subsequent positions of General Manager, Area Director and most recently, Director of Operations. As Vice President of Company Operations, Ben will have responsibility for all Company restaurants, Operations Services, Corporate Catering/Off-site sales, as well as the Famous Dave's traveling Rib Team. Ben has over 30 years of experience in the restaurant industry, successfully working with independent operators as well as publicly held companies. Immediately prior to joining Famous Dave's, Ben worked for Ground Round Inc., as a multi-unit supervisor overseeing and working with both Company and Franchise restaurants in the Upper Midwest.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President of Company Operations | Current |
Clark Grant has been the Controller at Famous Dave's of America, Inc. since April 2004 and most recently was promoted to Vice President of Finance in January 2006. Prior to Famous Dave's, Mr. Grant worked on special projects at Granite City Food and Brewery from January 2003 to March 2004, and at Buffets, Inc. from 1984 to 2002. Clark began his career at Buffets as the Controller in 1984. He was subsequently promoted to Treasurer in May of 1986, Vice President of Finance in January 1991, Executive Vice President of Finance and Administration in December 1994, and Senior Vice President in March 1998. From 1977 to 1984, Clark held a variety of positions with Pizza Ventures, Inc., Godfather's Pizza Franchises, and Pizza Hut.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President of Finance | Current |
| Buffets Inc. | Controller | Former |
| Famous Dave's of America, Inc. | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's Barbeque Ribs and Sauces | Vice President of Purchasing | Current |
| Famous Dave's of America, Inc. | Vice President of Procurement & Construction | Current |
| Rainforest café | Director of Purchasing | Former |
| Famous Dave's Barbeque Ribs and Sauces | Director of Purchasing | Former |
Jackie Kane Ottoson joined Famous Daves of America, Inc. in August 2008 as Vice President of Human Resources. She is responsible for the overall Human Resources and Training and Development functions within the organization. Prior to joining Famous Daves, Ms. Ottoson held positions in human resources management, including senior HR management roles with McKesson Medication Management, Caremark Rx, Deluxe Corporation, and Bon Secours Health Corporation. As a member of the senior leadership teams, her primary responsibilities included leadership, integration and strategic direction of human resources, health, safety and facilities functions for thousands of employees in a variety of industries. Ms. Ottoson holds a B.S. degree in management from St. Cloud State University and has completed credits toward a M.S. in business from John Hopkins University. Ms. Ottoson also holds her SPHR certification.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President of Human Resources | Current |
| St. Cloud State University | B.S. Degree In Management | Former |
Jeffrey Abramson came to Famous Dave's in November of 2008, with nearly 20 years of experience in the food and beverage industry, including extensive experience in purchasing, supply chain management and contract negotiations. Jeff began his career in food service operations with United Airlines in 1990, before serving as a Purchasing Agent for United Airlines world headquarters from 1995 to 1999. After spending a year as Director of Purchasing for the Rainforest Cafe chain, Jeff joined BUCA, Inc., a Minneapolis-based casual dining concept, in 2001. Jeff spent the last seven-plus years at BUCA, where he rose to the rank of Vice President of Purchasing.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President of Procurement and Logistics | Current |
| Famous Dave's of America, Inc. | Difference Maker | Former |
| UAL Corporation | Former | |
| Buca, Inc. | Former |
Jim Murphy, Vice President of Franchise Operations has been with Famous Dave’s since April, 2005. Prior to his promotion, Mr. Murphy served as a Franchise Business Consultant at Famous Dave’s. In that role, he developed productive and collaborative relationships with franchisees assigned to him, and developed systems and processes that have strengthened the support provided to all franchise partners. As Vice President of Franchise Operations, he will have increased responsibility for supporting the operations of franchise partners with services and consultations. Prior to joining Famous Dave’s, Mr. Murphy worked for 20 years at Buffets Inc., most recently as Vice President of Operations.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Vice President of Franchise Operations | Current |
| Famous Dave's of America, Inc. | Franchise Business Consultant | Former |
| Organization | Position | Status |
|---|---|---|
| Vspring | CFO | Current |
| Dionex Corporation | Managing Director of Sutter Hill Ventures, Director | Current |
| Sutter Hill Ventures | managing director | Current |
| Famous Dave's of America, Inc. | Founder | Current |
| Famous Dave's Barbeque Ribs and Sauces | Founder & Head Cook | Current |
| Famous Dave's Lifeskills for Success | Member of the Chippewa and Choctaw Tribes | Current |
| Content House | Current | |
| Prosperous America | Board of Directors | Current |
| Famous Dave's Lifeskills for Success | Board of Directors | Current |
| Brierley & Partners | Board of Directors | Current |
| Famous Dave's Barbeque Ribs and Sauces | Board of Directors | Current |
| Dionex Corporation | Board of Directors | Current |
| BroadVision, Inc. | Board of Directors | Current |
| Molecular Devices Corporation | Board member | Current |
| Famous Dave's of America, Inc. | Member of the Chippewa and Choctaw Tribes | Current |
| Western Association of Venture Capitalists | President | Former |
| Grand Casinos Inc. | Executive Vice President | Former |
| Grand Casinos Inc. | Co-Founder | Former |
| Vspring | limited partner reporting | Former |
| U.S. Department of the Interior | Assistant Secretary | Former |
| Famous Dave's Barbeque Ribs and Sauces | Member of the Chippewa and Choctaw Tribes | Former |
| Vspring | financial management | Former |
| LSI Corporation | start, up funding | Former |
| WJ Communications Incorporated | Solid State Division | Former |
| Linear Technology Corp. | start, up funding | Former |
| Entrepreneurs Foundation | founding member | Former |
| Quantum Corporation | start, up funding | Former |
| Mentor Graphics Corporation | start, up funding | Former |
| San Francisco Ballet | Trustee | Former |
| Famous Dave's of America, Inc. | Chairman | Former |
| E-Rewards, Inc. | Board member | Former |
| Western Association of Venture Capitalists | Director | Former |
| Harvard Business School Alumni Association | Director | Former |
| Hybritech | Board member | Former |
| Sutter Hill Ventures | Director | Former |
| Harvard University | Master's Degree | Former |
| Harvard Business School | MBA | Former |
| Utah State University | BS in Accounting | Former |
| Massachusetts Institute of Technology | B.S. in electrical engineering | Former |
| Harvard University | Degrees | Former |
| Massachusetts Institute of Technology | graduated in electrical engineering | Former |
Dave Anderson is the founder of Famous Dave's of America, the legendary BBQ franchise, with over 170 restaurants and growing. Voted the "Hottest Restaurant Concept in America" by Nation's Restaurant News, Famous Dave's has received unprecedented recognition. Most recently, Dave has created KeyLime Cove, an indoor water park paradise just north of Chicago. Dave believes that KeyLime Cove Resort will "Revolutionize the way America goes on vacation!" Anderson was also the first investor in the Rainforest Cafe, another highly successful nationwide restaurant company. Anderson has helped found three publicly traded companies on Wall Street and created over 20,000 new jobs. In Dave's own life, he has experienced adversity, frustration, and bankruptcy as well as tremendous success. Dave's life story is featured in two New York Times bestsellers. He has served two Presidents and three governors in advisory positions. David has provided key testimony before Congress and the U.S. Senate. Always tackling the impossible, this bottom half of the class high school student has earned his Master's Degree from Harvard University without an undergraduate degree! He has appeared on all major networks including: Regis and Kathy Lee, Oprah Winfrey, CNBC The Next Big Idea with Donny Deutsch, Crook & Chase, the Discovery Channel, the Food Network, National Public Radio and over 200 radio shows. As a highly sought after keynote speaker, Dave shares his heartfelt optimism using his life's story to share valuable insight and life lessons in dealing with today's fast changing and challenging world. Dave is an enthusiastic advocate of the American Dream, he stresses that no matter how tough things may seem today, if you never give up your dream and work hard tomorrow's rewards will always come. About David W. Anderson: As a Native American, Dave devotes his life to making a difference in his community and in the lives of others less fortunate. Oprah Winfrey's Angel Network recently recognized Dave's leadership development work with at risk youth.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Founder | Current |
| Famous Dave's of America, Inc. | Member of the Chippewa and Choctaw Tribes | Current |
| Famous Dave's of America, Inc. | Chairman | Former |
| Harvard University | Master's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Current |
From 1991 to 1995, Richard L. Monfort served as Group Vice President and Chief Executive Officer of ConAgra Red Meats division, which had approximately $8 billion in annual pork and beef sales. From September 1995 to the present, Mr. Monfort has been engaged in the management of various private business and investment interests, including acting as managing partner of the Hyatt Grand Champions Hotel in Palm Springs, California, and being an owner of the Hilltop Steakhouse in Boston, Massachusetts and a partner in the Montera Cattle Company. Since 1997, Mr. Monfort has served as Vice Chairman of the Colorado Rockies, a professional baseball team. Committee: Audit.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Dean A. Riesen Voting Securities and Principal Holders Thereof | Current |
| Famous Dave's of America, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Current |
K. Jeffrey Dahlberg has served as Chairman of the Company s Board of Directors since December 2003. Mr. Dahlberg also serves as President of Sugarloaf Ventures, Inc. a business development and investment firm. Mr. Dahlberg, who co-founded Grow Biz International, Inc. in 1990, served as its Chairman from inception until March 2000 and as its Chief Executive Officer from 1999 until March 2000.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Chairman of the Company | Current |
| Famous Dave's of America, Inc. | Board of Directors | Former |
David Goronkin was appointed to the position of Chief Executive Officer and Board Member of Famous Dave's of America in August 2003. Prior to Famous Dave's, Mr. Goronkin served as Chief Operating Officer since August 2000, Director since October of 2000, and as Executive Vice President of Operations with Buffets, Inc. since October 1996. David was formerly Vice President of Operations with HomeTown Buffet Inc., prior to HomeTown Buffets' merger with Buffets, Inc. Mr. Goronkin began his career with HomeTown Buffet in May 1994 and held a variety of operations-related positions. From 1984 through 1994, David held a variety of positions with Chi-Chi's Mexican Restaurants, TGI Friday's and Godfather's Pizza.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's Barbeque Ribs and Sauces | Chief Executive Officer | Current |
| Famous Dave's of America, Inc. | Board of Directors | Current |
| Onosys | Board of Directors | Current |
| S-Board Ltd. | Member | Current |
| Famous Dave's of America, Inc. | Chief Executive Officer | Former |
| Famous Dave's of America, Inc. | President | Former |
| Buffets Inc. | Executive Vice President of Operations | Former |
| Home Town Buffet Inc. | Vice President of Operations | Former |
| Buffets Inc. | Executive Officer | Former |
| Buffets Inc. | Director | Former |
Appointed as a director in March 2003, Dean A. Riesen has been Managing Partner of Rimrock Capital Partners, LLC and Riesen & Company, LLC since 2001, both real estate investment entities. Riesen also serves as a member of Meridian Bank, N.A.’s Board of Directors and Chairman of its Audit Committee. Previously, Mr. Riesen served as Chief Financial Officer of Carlson Holdings, Inc. (parent of Carlson Companies, Inc. and T.G.I. Friday’s, Inc.) from 1999-2001. Mr. Riesen was also President & CEO of Tonkawa, Inc. from 1999-2001 and President, CEO, and General Partner of Carlson Real Estate Company from 1985-2001. Mr. Riesen served on Carlson Companies’ Investment Committee from 1989-1999. Mr. Riesen was a member of Thomas Cook Holdings LTD (U.K.) Board of Directors and a member of its Audit Committee. Mr. Riesen is also Vice Chairman of the Cornell College Board of Trustees.
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Board of Directors | Current |
| Meridian Bank | Board of Directors | Current |
| Carlson Real Estate Company | CEO | Former |
| Carlson Real Estate Company | President | Former |
| Carlson Holdings, Inc. | Chief Financial Officer | Former |
| Carlson Real Estate Company | General Partner | Former |
| College Board | Former |
| Organization | Position | Status |
|---|---|---|
| Famous Dave's of America, Inc. | Director | Current |
| P.F. Chang's China Bistro, Inc. | Director | Current |
| Famous Dave's of America, Inc. | Companys Interim President and Chief Executive Officer | Former |
| Bakery.Com | President | Former |
Executive News
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Famous Dave’s Bar-B-Que Opens Restaurants in Thousand Oaks, California and Amarillo, Texas
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