WENDY'S INTERNATIONAL FOUNDER SELLS STOCK
WENDY'S INTERNATIONAL FOUNDER SELLS STOCK DUBLIN, Ohio, Nov. 6 /PRNewswire/ -- R. David Thomas, founder and
senior chairman of Wendy's International (NYSE: WEN), sold 590,000 shares of Wendy's common stock on Nov. 5, 1991. Thomas' holdings in Wendy's now total approximately 6,411,000, or 6.6 percent of the shares outstanding.
Thomas stated that the sale was done to make adjustments in his diversified portfolio for personal financial and family reasons and specifically, to protect his long-term interest in certain real estate investments. "My confidence in Wendy's International, its current management, and its future is absolute and has never been stronger. Our third quarter earnings were up 26 percent, the highest in five years and it looks like we're headed to report our best performance since 1985," he commented. "I continue to retain both an enormous financial and personal stake in the company." Wendy's recognizes that company officers will have personal financial requirements from time to time, such as charitable contributions, children's college education, home purchases, and portfolio realignments, as well as many other. Taking this into consideration, the company does not prohibit its officers from buying and selling stock and exercising options during specified periods that begin after earnings are announced, provided that these transactions are made in accordance with applicable securities laws. -0- 11/6/91 /CONTACT: Denny Lynch of Wendy's International, Inc. 614-764-3413/ (WEN) CO: Wendy's International, Inc. ST: Ohio IN: FOD SU: LC -- CL005 -- 1613 11/06/91 10:48 EST
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|Date:||Nov 6, 1991|
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