Denny’s Franchisee Group: Dissidents Have Private Documents

biz.yahoo.com:

Denny’s Corporation today released a letter from Craig Barber, Chairman of the Denny’s Franchisee Association (DFA), to Debra Smithart-Oglesby, Denny’s Chair, regarding certain claims made by a group of dissident stockholders currently waging a proxy contest against the Company. The letter from Mr. Barber, on behalf of the DFA, refutes the claims of the dissident group that Denny’s management has not been responsive to its franchisees and specifically expresses its desire to continue working with the current Board and Company leadership team to continue the improvements that have been achieved in the brand’s performance.

Ms. Smithart-Oglesby stated, “We are very pleased to receive this encouraging and supportive letter from our franchisee association with whom we have worked so hard and so closely in recent months to strengthen the Denny’s brand.

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