---
title: "Del Frisco Restaurant Group Inc. and Activist Investor Engaged Capital LLC Reach an Agreement"
url: https://burnaze.com/article/ef9d1ebd-c363-4ad7-be74-8af607bc189c
source: "1851 Franchise"
original_url: https://1851franchise.com/del-frisco-restaurant-group-inc-and-activist-investor-engaged-capital-llc-reach-an-agreement-2709089
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A"]
published: 2019-02-05T22:17:01.000Z
modified: 2026-11-01T02:33:25.995Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/e63fc9391babf66b62626e586c2d21745559.jpg
---

# Del Frisco Restaurant Group Inc. and Activist Investor Engaged Capital LLC Reach an Agreement

**TL;DR:** Del Frisco Restaurant Group Inc. reached an agreement with activist investor Engaged Capital LLC, including the appointment of a new board member. The agreement comes as Del Frisco's board reviews strategic alternatives to a potential whole or partial company sale.

*originally published in 1851 Franchise on 2019-02-05. [Read the original](https://1851franchise.com/del-frisco-restaurant-group-inc-and-activist-investor-engaged-capital-llc-reach-an-agreement-2709089).*

## Story

Don Frisco Restaurant Group Inc. reached dètente with their investor Engaged Capital LLC on Monday, according to an article in Nation’s Restaurant News.

According to the article, “The Irving, Texas-based parent to the Del Frisco’s Double Eagle Steakhouse, Del Frisco’s Grill, Barcelona Wine Bar and Bartaco concepts said it was also terminating a shareholder rights plan it adopted in December after noticing unusual activity in its share trading.”

Engaged Capital LLC owns almost 10 percent of the company’s shares. The agreement with Del Frisco’s “includes the appointment of activist-endorsed board member Joe Reece, founder and CEO of Helena Capital,” the article said.

The change comes as Del Frisco’s board reviews “strategic alternatives” to a potential whole or partial company sale, announced in December, the article said.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- Nation's Restaurant News (publication)
- board appointment (topic)
- strategic alternatives (topic)
- company sale (topic)
- shareholder rights (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/del-frisco-restaurant-group-inc-and-activist-investor-engaged-capital-llc-reach-an-agreement-2709089). Summarized by Burnaze (https://burnaze.com/article/ef9d1ebd-c363-4ad7-be74-8af607bc189c).