Popeye's 2004 Annual Report Download - page 10

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8
BOARD OF DIRECTORS
Frank J. Belatti
Chairman and CEO
AFC Enterprises, Inc.
Director since: 1992 Age: 57
Victor Arias, Jr.
Partner
Heidrick & Struggles
Director since: 2001 Age: 48
Carolyn Hogan Byrd
Founder, Chair & CEO
GlobalTech Financial, LLC
Director since: 2001 Age: 56
R. William Ide, III
Partner
McKenna Long & Aldridge, LLP
Director since: 2001 Age: 64
Kelvin J. Pennington
President
Pennington Partners & Co.
Director since: 1996 Age: 46
John M. Roth
Principal
Freeman Spogli & Co.
Director since: 1996 Age: 46
Ronald P. Spogli
Principal
Freeman Spogli & Co.
Director since: 1996 Age: 57
Peter Starrett
President
Peter Starrett Associates
Director since: 1998 Age: 57
DIRECTORS and SHAREHOLDER INFORMATION
PRINCIPAL OFFICE
Six Concourse Parkway
Suite 1700
Atlanta, GA 30328-5352
770-391-9500
OTHER INFORMATION
The Company’s press releases,
annual report and other information
can be accessed through its home
page on the World Wide Web at
www.afce.com.
STOCK TRANSFER AGENT
SunTrust Bank
Stock Transfer Department
Mail Code 0258
P. O. Box 4625
Atlanta, GA 30302-4625
800-568-3476
www.suntrust.com
ANNUAL MEETING
AFC’s 2005 Annual Meeting will
be held at the Crowne Plaza Hotel
Atlanta-Ravinia (Perimeter Center)
4355 Ashford Dunwoody
Atlanta, GA 30346
9:00 a.m., May 3, 2005
www.cpravinia.com
FORM 10-K
The Company’s 2004 Annual Report
on Form 10-K, as filed with the
Securities and Exchange
Commission, is being delivered with
this Letter to Our Stakeholders.
Copies of the Annual Report on
Form 10-K are also available without
charge upon written request to:
AFC Enterprises, Inc.
Six Concourse Parkway
Suite 1700
Atlanta, GA 30328-5352
Attn: Investor Relations
www.investor.afce.com
On December 28, 2004,
AFC sold its Church’s
ChickenTM brand to an
affiliate of Crescent Capital
Investments, Inc. for approxi-
mately $379.0 million in cash and a $7.0 million
subordinated note. Concurrent with the sale of
Church’s, the Company sold certain real property
to a Church’s franchisee for approximately $3.7
million in cash. The combined cash proceeds of
these two sales, net of transaction-related costs,
are estimated at $373.0 million.
On November 4,
2004, AFC sold its
Cinnabon®subsidiary
to Focus Brands Inc. for approximately $21.0
million in cash. The agreement included the
sale of certain franchise rights for Seattle’s
Best Coffee®, which were retained following
the sale of the Seattle Coffee Company to
Starbucks Corporation in July 2003.
Church’s Chicken™ is a registered trademark of Cajun
Operating Company, under license by Cajun Funding Corp.
Cinnabon® is a registered trademark of Cinnabon, Inc.
Seattle’s Best Coffee® is a registered trademark of
Seattle’s Best Coffee, LLC.