IRVING, Texas-- CEC Entertainment, Inc. (NYSE: CEC), parent company of 440-store Chuck E. Cheese's, announced that Rodney Carter, its executive vice president and chief financial officer, has resigned to pursue other business interests.

According to a release, Carter had been with the company for three years. No reasons were given for his departure.

In another release, CEC announced the initiation of a stock repurchase plan in which it will buy back $25 million worth of its own shares.

According to the release, the timing and extent of the purchases will depend on market conditions; they will be funded by operating cash flow and, as necessary, the company's credit facility.

Over the past 10 years, CEC has repurchased some $135 million of its own common stock.

Shares of CEC traded near $35.80 each on June 18, down about 4 percent from the prior day's close.

Related Content

User Comments – Give us your opinion!
Products & Services

Put your menu in your customers' pocket

http://global.networldalliance.com/new/images/products/1293.png

1293/Put-your-menu-in-your-customers-pocket

Hardware

http://global.networldalliance.com/new/images/products/4553.png

4553/Hardware

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

PeopleMatter HIRE™

http://global.networldalliance.com/new/images/products/4625.png

4625/PeopleMatter-HIRE

Advanced Wireless

http://global.networldalliance.com/new/images/products/6635.png

6635/Advanced-Wireless

Solutions

http://global.networldalliance.com/new/images/products/4551.png

4551/Solutions

Luzianne iced tea

http://global.networldalliance.com/new/images/products/6957.png

6957/Luzianne-iced-tea

POS health test: do a quick check

http://global.networldalliance.com/new/images/products/1288.png

1288/POS-health-test-do-a-quick-check

Restaurant Digital Signage Advertising Network

http://global.networldalliance.com/new/images/products/6691.png

6691/Restaurant-Digital-Signage-Advertising-Network

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

Digital Menu Boards and ROI
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.