Cheesecake execs to repay $940K in options-backdating settlement

CALABASAS HILLS Calif. The Cheesecake Factory Inc.’s chairman and chief executive, David Overton, and other current and former executives and board members have agreed to repay a total of $940,000 to the company to settle a shareholder lawsuit that alleged they benefited from the backdating of stock option grants.

In a filing Thursday with securities regulators, Cheesecake Factory said the Feb. 11 settlement also provides for a slate of corporate governance

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