Buffalo Wild Wings fight pits recent troubles against long-term success

May 26, 2017

Should Buffalo Wild Wings Inc. management and its board of directors get credit for the chain’s long-term success, or do recent problems warrant major changes?

That’s the question facing investors of the Minneapolis-based chicken wing chain, who will decide on June 2 whether to give board seats to an activist shareholder, Marcato Capital Management.

The results could be significant. Marcato wants longtime Buffalo Wild Wings CEO Sally Smith to resign. The activist has also said that the vast majority of the chain’s more than 600 company-owned restaurants should be refranchised.

The changes would dramatically shift course at Buffalo Wild Wings,