Article: CKE Restaurants, Inc. Announces Chairman William P. Foley, II Decision to Waive FY 2003 Bonus and Reduce Compensation Due to Fidelity National Financial, Inc. Pending Acquisition of Allied Information Services; Ron Maggard Nominated to Serve as an Independent Director.

CKE Restaurants, Inc. , announced today that its Chairman of the Board, William P. Foley, II, has proposed and agreed to a restructuring of his compensation package with the Company. Pursuant to this agreement, Mr. Foley will receive no bonus for the fiscal year ended January 27, 2003; terminate his employment agreement with the Company; and enter into a director's compensation agreement with the Company providing for a Chairman of the Board of Directors stipend. Mr. Foley stated in a letter to the Company that because of Fidelity National Financial Inc.'s pending $850 million acquisition of Alltel Information Services, he was agreeing to reduce his annual compensation ...

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