SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current
Report Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): January 19, 2011
DAVE
& BUSTER’S, INC.
(Exact
name of registrant as specified in its charter)
|
Missouri
(State
of
incorporation)
|
001-15007
(Commission
File
Number)
|
43-1532756
(IRS
Employer
Identification
Number)
|
2481
Manana Drive
Dallas
TX 75220
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (214) 357-9588
Check the
appropriate box if the Form 8-K filing is intended to simultaneously satisfy the
reporting obligation of the registrant under any of the following
provisions:
|
o
|
Written
communications pursuant to Rule 425 under the Securities
Act
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 of the Exchange
Act
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) Exchange
Act
|
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) Exchange
Act
|
Item
5.02. Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officer; Compensatory Arrangements of Certain Officers.
On
January 19, 2011, Dave & Buster’s, Inc. (the “Company”) reached an agreement
with Dolf Berle to serve as the Company’s President and Chief Operating Officer,
effective February 14, 2011.
Dolf
Berle, age 47, has been Executive Vice President of Hospitality and Business and
Sports Club Division Head for ClubCorp USA, Inc., the largest owner and operator
of golf, country club and business clubs, since August
2009. Previously, Mr. Berle served as President of Lucky Strike
Entertainment, an upscale chain of bowling alleys, from December 2006 to July
2009 and Chief Operating Officer of House of Blues Entertainment, Inc., a chain
of live music venues, from April 2004 to December 2006.
Pursuant
to the terms of his offer letter, Mr. Berle will receive an annual salary of
$350,000.00 and will be eligible to participate in the Company’s annual
Executive Incentive Plan. Mr. Berle’s target incentive opportunity
for the 2011 fiscal year will be 50% of his base salary, pro-rated based on his
start date.
Following
his start date, Mr. Berle will be granted approximately 4,000 stock
options. These will be a combination of service-based stock options
which will vest in five (5) equal annual installments beginning on the first
anniversary of the grant date and performance-based stock options that vest upon
the attainment of certain pre-established performance targets.
Item
9.01. Financial Statements
and Exhibits.
|
(d)
|
Exhibits.
|
|
99
|
Press
release dated January 19,
2011.
|
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
| DAVE & BUSTER’S, INC. | |||
|
Date:
January 24, 2011
|
By:
|
/s/ Jay L. Tobin | |
| Jay L. Tobin | |||
|
Senior
Vice President, General Counsel and
Secretary
|
|||
 |
EXHIBIT
99
Media
Contact:
April
Spearman, Dave & Buster’s
214-904-2201
April_Spearman@daveandbusters.com
|
FOR
IMMEDIATE RELEASE
Dave
& Buster’s Names Dolf Berle as
New
President & COO
DALLAS – January 19, 2011 –
Dave & Buster's Inc, the innovator in restaurant/entertainment, has named
Dolf Berle president and chief operating officer. Berle was most
recently executive vice president of hospitality for ClubCorp USA, the nation’s
largest operator of private clubs. Prior to that, he served as president of
Lucky Strike Entertainment, LLC, an upscale bowling concept as well as chief
operating officer of House of Blues Entertainment, Inc., the premier chain of
live music venues.
“The
strong blend of food, beverage and entertainment brands that Dolf has helped
lead and grow, makes him a perfect fit for our business”, said Steve King, chief
executive officer of Dave & Buster’s. “These experiences,
combined with his passion for excellence and developing people make him a great
addition to the Dave & Buster’s team.”
"We
believe Dolf's well-rounded background and skill set will enable him to be a
major contributor to the company's future success. His track record
of leadership and expertise in the entertainment and food and beverage
industries will be invaluable as we continue to emphasize the customer
experience and grow Dave & Buster's unique, category defining-concept," said
Tyler Wolfram, chairman of Dave & Buster's and partner at Oak Hill Capital
Partners.
About
Dave & Buster’s
Dave
& Buster's was founded in 1982 and is headquartered in Dallas, Texas. Dave
& Buster's now operates 57 large venue, high-volume restaurant/entertainment
complexes throughout the United States that offer a food and fun-filled
experience to adults and families. The exciting environment of the Dave &
Buster's complex contributes to each guest's experience and also provides the
perfect setting for corporate and group events.
Each Dave
& Buster's offers an impressive selection of high-quality food and beverage
items, combined with an extensive array of interactive entertainment attractions
such as pocket billiards, shuffleboard, state-of the-art simulators, virtual
reality and traditional carnival-style amusements and games of skill. Dave &
Buster's emphasizes high levels of guest service in an upscale atmosphere to
create casual, yet sophisticated, ideal playing conditions. www.daveandbusters.com
In May 2010, Oak Hill Capital Partners
and the Dave & Buster's management team formed a partnership to acquire Dave
& Buster's. Oak Hill Capital Partners is a private equity firm with
more than $8.2 billion of committed capital from leading entrepreneurs,
endowments, foundations, corporations, pension funds and global financial
institutions. Robert M. Bass is the lead investor. Over a
period of more than 24 years, the professionals at Oak Hill Capital Partners and
its predecessors have invested in more than 60 significant private equity
transactions. Oak Hill Capital Partners is one of several Oak
Hill partnerships, each of which has a dedicated and independent management
team. These Oak Hill partnerships comprise over $30 billion of investment
capital across multiple asset classes. For more information about Oak Hill
Capital Partners, visit www.oakhillcapital.com.
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