Printer Friendly

MASCOTT ANNOUNCES RESIGNATION OF CHAIRMAN

 LIVINGSTON, N.J., May 12 /PRNewswire/ -- Mascott Corporation (NASDAQ: DINE) today announced that Richard Gillman, the chairman of the board of the company since 1989, resigned both as the chairman of the board and as a director of the company, effective immediately. In a letter to Scott M. Gillman, the company's chief executive officer, Richard Gillman explained that since he is the company's largest creditor and may in the future enter into negotiations with the company regarding the possibility of providing additional loans to the company, Richard Gillman believed that it was no longer appropriate for him to serve the company as an executive officer or director.
 Mascott Corporation currently owns and operates 13 Cinnabon bakery franchises and three Willie Mays Chicken establishments in regional shopping malls, as well as two full service restaurants, Markers Restaurant & Bar located in Jersey City, N.J. and Markers Italian Grille located in Somers Point, N.J.
 -0- 5/12/93
 /CONTACT: Scott M. Gillman, chief executive officer of the Mascott Company, 201-535-1000/
 (DINE)


CO: Mascott Corporation ST: New Jersey IN: LEI SU: PER

TS-LR -- NY001 -- 7453 05/12/93 10:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1993
Words:189
Previous Article:MATTEL BOARD INCREASES DIVIDEND, AUTHORIZES EXPANDED SHARE REPURCHASE
Next Article:AMERICAN EXPLORATION COMPANY ANNOUNCES IMPROVED FIRST QUARTER RESULTS
Topics:


Related Articles
MASCOTT ANNOUNCES EXPANSION OF CINNABON INTO NEW ENGLAND; ADDITIONAL WILLIE MAYS GRILLED & ROASTED CHICKEN LOCATIONS; THIRD QUARTER EARNINGS
CIATTI'S ANNOUNCES RESIGNATION OF DIRECTORS
MASCOTT FILES WITH SEC FOR UNIT OFFERING
MASCOTT CORP. FILES TO WITHDRAW REGISTRATION STATEMENT
MASCOTT ANNOUNCES $945,000 CHARGE REFLECTING THE WRITE-OFF OF CERTAIN ASSETS AND FOURTH QUARTER RESULTS
MASCOTT CORPORATION SUSPENSION OF OPERATIONS OF MARKERS ITALIAN GRILLE
MASCOTT CORPORATION ANNOUNCES EXPANSION OF ITS WILLIE MAYS COUNTRY CHICKEN CONCEPT
MASCOTT CORPORATION ANNOUNCES 1 FOR 5 REVERSE STOCK SPLIT
MASCOTT CORPORATION ANNOUNCES SALE OF ASSETS OF MARKERS ITALIAN GRILLE
MASCOTT CORPORATION AND DINE, LLC ANNOUNCE A TENDER OFFER BY DINE, LLC

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters