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SCHEDULE 14A
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
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[ ] Soliciting Material Pursuant to Section240.14a-11(c) or
Section240.14a-12
Frisch's Restarurants, Inc.
_____________________________________________________
(Name of Registrant as Specified In Its Charter)
Jerry L. Ruyan and Barry S. Nussbaum
_____________________________________________________
(Name of Person(s) Filing Proxy Statement)
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PRESS RELEASE ISSUED SEPTEMBER 12, 1996
For Immediate Release - September 11, 1996
Contact: Jerry L. Ruyan
1-800-205-0407
Barry S. Nussbaum
1-888-481-4814 (toll-free)
WOLVERINE PARTNERS RELEASE PLANS TO IMPROVE
FRISCH'S RESTAURANTS, INC.
Wolverine Partners, Cincinnati, Ohio, today released more
extensive details relating to their plans for improving the
Company while enhancing shareholder value.
Mr. Barry Nussbaum discussed the basis for the Wolverine Partners
Platform. "The more research we do with experts in the
restaurant field, the more we uncover very workable solutions to
the ongoing problem of growing sales and declining earnigns. I
am so convinced that once elected, the systems that we plan to
implement could result in dramatic increases in the net earning
of Frisch's. Towards that end, we have proposed an end to the
existing staggered board, and have proposed a requirement that a
majority of the directors be independent of management of the
Company. Clearly, by any measure, the existing system is just
not working. It is time for a significant change. That is why
we are here."
Mr. Jerry Ruyan stated his reason for running for one of the four
available board seats in next month's election, "This company
must have outside board management whose first and sole
responsibility is to the shareholders. To me, this means an
understanding that our job as managers is to create and maintain
profit margins that are commensurate with this industry. It is
inexcusable to me that in the recent past it has been acceptable
to report 'bottom of the barrel' earnings without making the
changes necessary to remedy the fisable problems. While CEO of
Meridian Diagbnostics, Inc. (KITS), I never forgot that I worked
for the shareholders. I was very successful in maximizing
shareholder equity there and I pledge to bring the same work
ethic to the Board of Frisch's.
The attached letter has been sent to all Frisch's shareholders
detailing the problems at the Company and the Wolverine
solutions.
[THE LETTER SENT TO FRISCH'S AND FILED WITH THE COMMISSION ON
SEPTEMBER 10, 1996 WAS ATTACHED TO THE PRESS RELEASE.]
