July 23, 2014 4:34 AM ET

Hotels, Restaurants and Leisure

Company Overview of Mexican Restaurants Inc.

Company Overview

Mexican Restaurants, Inc., together with its subsidiaries, operates and franchises full-service Mexican-themed restaurants primarily in Texas, Louisiana, and Oklahoma. The company operates restaurants under the Casa Olé, Monterey’s Little Mexico, Tortuga Coastal Cantina, and Crazy Jose’s names, as well as a burrito fast casual concept under the Mission Burrito name. As of September 29, 2013, it operated 48 restaurants; 10 franchisee–operated restaurants under the Casa Olé name; and 1 licensee operated restaurant under the Monterey’s name. The company was formerly known as Casa Olé Restaurants, Inc. and changed its name to Mexican Restaurants, Inc. in May 1999. Mexican Restaurants, Inc. was f...

12000 Aerospace Avenue

Houston, TX 77034

United States

Founded in 1974

Phone:

832-300-5858

Fax:

832-300-5859

Key Executives for Mexican Restaurants Inc.

Chairman and Chief Executive Officer
Age: 48
President and Chief Development Officer
Chief Financial Officer
Age: 45
Chief People Officer
Compensation as of Fiscal Year 2014.

Mexican Restaurants Inc. Key Developments

Mexican Restaurants, Inc. Announces Executive Appointments

Mexican Restaurants Inc. (MRI) has appointed Douglas Hipskind as chief financial officer and promoted Nancy Cross to chief people officer, effective immediately. Doug joined MRI after serving as CFO of Lake Street Capital Markets. Nancy has been with MRI for 18 years, most recently as vice president of human resources. Prior to joining MRI, Nancy served with the Pappa's Brothers and Brinker International.

Mexican Restaurants, Inc. Announces Management Changes

Mexican Restaurants Inc. (MRI) announced that Curt Glowacki is no longer MRI's President and Chief Executive Officer and that Loic Porry is no longer MRI's Chief Operating Officer. MRI also announced that MRI has appointed Marcus Jundt as Chief Executive Officer, Perry Brush, President and Chief Development Officer and Lawrence Neumann, Chief Financial Officer. Marcus Jundt is currently the Chief Executive Officer of Williston Holding Company Inc. (WHC). Perry Brush is currently the President and Chief Development Officer of WHC and has extensive restaurant experience with companies such as Kona Grill and P.F. Chang's. Lawrence Neumann is currently the Chief Financial Officer of WHC and has extensive accounting and financial experience.

Mexican Restaurants Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

Mexican Restaurants Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenue of $17,032,567 compared to $16,934,875 a year ago. Operating income was $125,958 compared to $43,147 a year ago. Income before income taxes was $113,395 compared to loss before income taxes of $2,559 a year ago. Net income was $115,361 compared to $48,826 a year ago. For the nine months ended, the company reported revenue of $52,020,780 compared to $50,987,170 a year ago. Operating income was $853,805 compared to operating loss of $61,500 a year ago. Income before income taxes was $769,910 compared to loss before income taxes of $222,666 a year ago. Net income was $722,322 compared to net loss of $36,495 a year ago. Net cash provided by operating activities was $2,465,664 compared to $1,459,054 a year ago. Purchase of property and equipment was $1,423,472 compared to $1,134,519 a year ago.

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