05:34 PM EST, 01/02/2025 (MT Newswires) -- BJ's Restaurants (BJRI) said Thursday it signed a cooperation agreement with Act III and various affiliates of Ronald Shaich.

Terms of the agreement include standstill provisions, voting agreements aligning with the board's recommendations, a commitment to avoid disparaging or suing each other, and collaborative efforts on key initiatives.

The agreement is valid until May 4, 2027, according to BJ's Restaurants.