Researched & Compiled by:
Cali Lavey
Michael Counihan
Kilandra Bass
Corey Devine
Part 1:
The first Buffalo Wild Wings began operation in Columbus, OH in 1982. With wings, beer and sports showcased as the main attractions, BWW markets itself as a gathering place for friends, family and sports fans alike. With the exception of Rhode Island, Buffalo Wild Wings continues to expand both throughout the United States and internationally.
The company is currently led by Chief Executive Officer Sally Smith, who has been acting CEO and President since July 1996, and acted as CFO two years prior. Additionally, BWW is led by Executive VP, CFO and Treasurer Mary Twinem, COO James Schmidt, Executive VP of Global Brand and Business Development Kathleen Benning, Executive VP of North American Operations Judith Shoulak, and directors Dale Applequist, Robert MacDonald, Warren Mack, J. Oliver Maggard, Michael Johnson, James Damian and Jerry Rose.
Number Outstanding Shares
Number Owned by CEO/President
Number Owned by Officers/Directors
% Owned by CEO/President
% Owned by Officers/Directors
18,757,239
89,842
354,392
.48%
1.9%
The following table depicts what percentage of the company is owned by the aforementioned officers and directors:
The means of producing these percentages can be further explained on page 25 of the company’s 2013 proxy report. It states Buffalo Wild Wings instituted a stock ownership guideline program where the stock ownership guidelines were as follows:
CEOs, COOs, VPs and directors all must own a percentage of stocks with respect to their title, based off of their salary. In addition to considering the officers and directors are a group of twelve individuals who own almost 2% of the company, and about ¼ of this percentage is owned by the CEO, the requirements and policies instilled by the stock ownership guidelines above definitely incentive the company leaders to align their interests with those