David M. Resha Elected to the Board of Directors of ShoLodge.Business Editors HENDERSONVILLE, Tenn.--(BUSINESS WIRE)--Dec. 1, 2000 ShoLodge, Inc. (Nasdaq:LODG LODG Lodge (street suffix) ) today announced that David M. Resha has been elected to its Board of Directors. Additionally, he was appointed to serve on the Board's Executive, Audit, and Compensation Committees. Mr. Resha currently is Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Finova Mezzanine Capital Mezzanine capital (or mezzanine debt) is a broad financial term that refers to unsecured, high-yield, subordinated debt or preferred stock that represents a claim on a company's assets that is senior only to that of a company's shareholders. , Inc., formerly known as Sirrom Capital Corporation. He is also a member of the Board of Advisers of Empirical Capital Partners, L.P., a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , and serves on the Board of Directors of Community Financial Group, Inc. (Nasdaq:CFGI CFGI Comité Français de Géologie de l'Ingénieur et de l'Environnement CFGI Confidential Foreign Government Information ). Prior to 1995, Mr. Resha was Senior Vice President of First Union Bank of Tennessee, where he managed the bank's Middle Market and Corporate Group. He is the former president and member of the Board of Directors of the Brentwood, Tennessee, Chamber of Commerce, and is active in various social and civic organizations. Commenting on the announcement, Leon Moore, chairman and chief executive officer of ShoLodge said, "We are indeed pleased to have David join ShoLodge's Board. His in-depth knowledge of the financial markets and his broad background will allow him to contribute significantly to our company. We look forward to his participation as a Director." ShoLodge owns or manages 16 Shoney's Inns and franchises an additional 58 Shoney's Inns. |
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