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Article: Pizza Inn, Inc.'s CEO Repays Remaining Loan Balance.
- Article from:
- PR Newswire
- Article date:
- June 11, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pizza Inn, Inc. announced today that Ronald W. Parker, the Company's President and Chief Executive Officer, repaid in full his outstanding loan to the Company, which had a current remaining balance of approximately $676,000. This loan originated from his purchase of Company stock through the exercise of stock options. The Company has no other outstanding loans to officers. The Company will use the proceeds to reduce its outstanding indebtedness under its existing revolving credit facility which balance is currently $1.2 million (before repayment).
Pizza Inn, Inc. is headquartered in The Colony, Texas, along with its ...
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