Pizza Inn CEO pays off stock option loan

June 13, 2004

THE COLONY, Texas—Pizza Inn President and CEO Ronald W. Parker has repaid the $676,000 balance on a loan given him by the 400-unit chain to purchase its stock.

According to a news release, the company will use the cash to halve the debt currently in its revolving credit facility.

The company has no other outstanding loans to officers.





Topics: Public Companies

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