September 20, 2014 9:40 AM ET

Hotels, Restaurants and Leisure

Company Overview of CEC Entertainment Inc.

Company Overview

CEC Entertainment, Inc. develops, operates, and franchises family dining and entertainment centers under the Chuck E. Cheese’s name in the United States and internationally. Its stores provide various dining selections, such as pizzas, sandwiches, wings, appetizers, salad bars, beverages, and desserts, as well as musical and comic entertainment through computer-controlled robotic characters, family-oriented arcade-style and skill-oriented games, video games, rides, and other activities for families with children between 2 and 12 years of age. As of March 13, 2014, the company and its franchisees operated 571 Chuck E. Cheese's stores in 48 states, and 10 foreign countries or territories. The ...

4441 West Airport Freeway

Irving, TX 75062

United States

Founded in 1977

18,800 Employees

Phone:

972-258-8507

Key Executives for CEC Entertainment Inc.

Chief Executive Officer
Executive Vice President and Director of Operations
Age: 52
President of International Division
Age: 54
Principal Accounting Officer
Age: 41
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2014.

CEC Entertainment Inc. Key Developments

CEC Entertainment Inc. Hires Temple Weiss as Chief Financial Officer, Effective September 29, 2014

CEC Entertainment Inc. has hired a new chief financial officer to replace Tiffany Kice, who left the company to pursue other opportunities. The company appointed Temple Weiss, former CFO of Pegasus Solutions. He will begin serving as CFO on Sept. 29, 2014. In addition to Pegasus, Weiss formerly served as CFO for ACE Cash Express, and LQ Management, a private equity portfolio company comprising more than 800 La Quinta hotels. Weiss also spent five years with Irving-based La Quinta Corp. during which he led the sale of the company to The Blackstone Group in 2006.

CEC Entertainment, Inc. Announces Executive Changes, Effective July 23, 2014

CEC Entertainment Inc. announced that its Board of Directors appointed Thomas Leverton as chief executive officer, effective July 23, 2014. Mr. Leverton succeeds Michael H. Magusiak, who retired as president and CEO on June 2, 2014. Tom has had a long career in multisite businesses. He recently served as CEO of Topgolf.

CEC Entertainment, Inc. Announces Retirement of Michael H. Magusiak as President and Chief Executive Officer, Effective June 2, 2014

CEC Entertainment Inc. announced that Michael H. Magusiak, President and Chief Executive Officer, intends to retire from the Company, effective June 2, 2014. The CEC Board of Directors has initiated a search process to identify a new Chief Executive Officer, which will include a full review of both internal and external candidates.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 11, 2014
CEC Entertainment Inc., 14,305-Square-Foot Chuck E. Cheese's Restaurant at 1636 N. Germantown
Merger/Acquisition
January 16, 2014
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