<!--Enhanced HTML document created with Toppan Merrill Bridge  9.6.2.57--><!--Created on: 6/19/2020 04:55:33 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman';font-size:12pt;line-height:1pt;padding-bottom:1pt;padding-top:1pt;text-align:center;border-bottom:1.0pt solid #000000;border-top:3.0pt solid #000000;margin:0pt;"><font style="font-size:1pt;font-weight:bold;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;font-weight:bold;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">UNITED STATES </b></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION </b></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">WASHINGTON, D.C. 20549 </b></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;width:100%;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;font-weight:bold;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">FORM 8-K</b></p><div style="font-family:'Times New Roman';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;width:100%;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;font-weight:bold;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">CURRENT REPORT </b></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">PURSUANT TO SECTION&#160;13 OR 15(D) </b></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">OF THE SECURITIES EXCHANGE ACT OF 1934 </b></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Date of Report (Date of earliest event reported): June 16, 2020 </b></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;width:100%;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><b style="font-size:24pt;font-weight:bold;">BBQ HOLDINGS, INC.</b></p><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(Exact name of registrant as specified in its charter)</b></p><div style="font-family:'Times New Roman';font-size:13.5pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;width:100%;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman';font-size:7pt;min-height:7.0pt;margin:0pt;">&#160;</p><div><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:33.7%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:33.03%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:33.26%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr style="height:1pt;"><td style="vertical-align:top;width:33.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:33.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;margin:0pt;">&#160;</p></td><td style="vertical-align:top;width:33.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:1pt;margin:0pt;">&#160;</p></td></tr><tr><td style="vertical-align:top;width:33.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Minnesota</b></p></td><td style="vertical-align:top;width:33.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">001-39053</b></p></td><td style="vertical-align:top;width:33.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">83-4222776</b></p></td></tr><tr><td style="vertical-align:top;width:33.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(State or other jurisdiction</b></p><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">of incorporation)</b></p></td><td style="vertical-align:top;width:33.03%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(Commission</b></p><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">File Number)</b></p></td><td style="vertical-align:top;width:33.26%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(IRS Employer</b></p><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Identification No.)</b></p></td></tr></table></div><p style="font-family:'Times New Roman';font-size:7pt;min-height:7.0pt;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(Address of principal executive offices) (Zip Code)</b></p><p style="font-family:'Times New Roman';font-size:7pt;min-height:7.0pt;text-align:center;margin:0pt;">&#160;</p><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">12701 Whitewater Drive, Suite 290, Minnetonka, MN 55343</b></p><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(952) 294-1300</b></p><p style="font-family:'Times New Roman';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(Registrant&#8217;s telephone number, including area code)</b></p><p style="font-family:'Times New Roman';font-size:7pt;min-height:7.0pt;text-align:center;margin:0pt;">&#160;</p><div style="font-family:'Times New Roman';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;width:100%;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;text-align:center;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;margin:0pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;margin:0pt;"><font style="font-family:'Wingdings';"><font style="font-family:'Times New Roman';">&#9723;</font></font>&#160;&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;margin:0pt;"><font style="font-family:'Wingdings';"><font style="font-family:'Times New Roman';">&#9723;</font></font>&#160;&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;margin:0pt;"><font style="font-family:'Wingdings';"><font style="font-family:'Times New Roman';">&#9723;</font></font>&#160;&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;margin:0pt;"><font style="font-family:'Wingdings';"><font style="font-family:'Times New Roman';">&#9723;</font></font>&#160;&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:9pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;text-align:center;margin:6pt 0pt 6pt 0pt;">Securities registered pursuant to Section 12(b) of the Act:</p><div><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:37.52%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:9pt;margin:0pt;">DAVE</p></div></div></td><td style="vertical-align:top;width:24.96%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:37.51%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:37.52%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman';font-size:9pt;text-align:center;margin:0pt 0pt 2.2pt 0pt;">Title of each class</p></td><td style="vertical-align:top;width:24.96%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New 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#000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman';font-size:9pt;text-align:center;margin:0pt 0pt 2.2pt 0pt;"><b style="font-weight:bold;">BBQ</b></p></td><td style="vertical-align:top;width:37.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman';font-size:9pt;text-align:center;margin:0pt 0pt 2.2pt 0pt;"><b style="font-weight:bold;">The Nasdaq Global Market</b></p></td></tr></table></div><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:9pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;text-align:justify;margin:0pt;">Indicated by check mark whether the registrant is an emerging growth company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2&#160;of this chapter). </p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt;">Emerging growth company&#160;<font style="font-family:'Wingdings';"><font style="font-family:'Times New Roman';">&#9723;</font></font></p><p style="font-family:'Times New Roman';font-size:12pt;line-height:7pt;margin:0pt;"><font style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:9pt;text-align:justify;margin:0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not 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style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="vertical-align:super;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item&#160;</b><b style="font-weight:bold;white-space:pre-wrap;">5.02.  Departure of Directors or Certain Officers&#8217; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></p><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:10pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">(d)</font></font>At its 2020 Annual Meeting of Shareholders (the &#8220;Annual Meeting&#8221;), BBQ Holdings, Inc. (the &#8220;Company&#8221;) elected Charles E. Davidson to the Company&#8217;s Board of Directors. &#160;Mr. Davidson, age 67, co-founded Wexford Capital LP, a registered investment advisor, in 1994 and serves as its Chairman and Chief Investment Officer. &#160;Mr. Davison has primary responsibility for the overall strategic direction of Wexford&#8217;s investment activities, serves as the Portfolio Manager for the Wexford Spectrum Funds, the Wexford Catalyst Funds, and the Wexford Credit Opportunities Funds and is the Chairman of the hedge fund investment committee. &#160;From 1984 to 1994, Mr. Davidson was a General Partner of Steinhardt Partners, L.P. where he was responsible for all fixed income arbitrage, risk arbitrage, private equity, distressed/bankruptcy and special situation investments of the multi-billion dollar hedge fund. &#160;From 1977 to 1984, Mr. Davidson was employed by Goldman Sachs &amp; Co. where he was the head of domestic corporate bond trading and proprietary trading. &#160;Mr. Davidson holds a MBA and a BA in economics from the University of California &#8211; Los Angeles.</p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">An entity that Mr. Davidson controls is a franchisee of the Company. As a Company franchisee, Mr. Davidson paid approximately $314,000 and $308,000 in franchise royalties and contributions to the Company&#8217;s system-wide marketing fund for the Company&#8217;s 2018 and 2019 fiscal years, respectively.</p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On December 8, 2017, as a part of settlement of a legal dispute and distressed situation, the Company approved the transfer of seven franchise restaurants in Utah and Washington (the &#8220;Transferred Restaurants&#8221;) to an entity (the &#8220;Acquirer&#8221;) controlled by Mr. Davidson.</p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The previous franchisee of these seven restaurants experienced financial difficulties for more than one year and, at the time of the sale to the Acquirer, was more than one year in arrears with royalty, miscellaneous and national advertising fund payments that totaled approximately $1.4 million. The previous franchisee engaged a broker who marketed the franchise for several months, which resulted in two potential buyers, one of whom dropped out of the process. These stores were severely neglected, and this was determined to be the best path to economic recovery.</p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">In connection with settling the dispute with the previous franchisee, the Company collected $350,000 in cash from the previous franchisee. Pursuant to the settlement, the Company wrote off accounts receivable of approximately $1.0 million.</p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">As part of the transaction, the Company agreed to certain concessions in order to facilitate the transfer of the Transferred Restaurants to the Acquirer and to incentivize the Acquirer to invest the funds necessary to improve the operations of the Transferred Restaurants and to provide innovation to the Famous Dave&#8217;s concept. 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style="vertical-align:middle;width:0.35%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"></div></div></td><td style="vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"></div></div></td><td style="vertical-align:middle;width:33.07%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"></div></div></td><td style="vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"></div></div></td><td style="vertical-align:middle;width:40.84%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"></div></div></td></tr><tr><td style="vertical-align:middle;width:1.15%;margin:0pt;padding:0pt;"></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;">(i) </p></td><td style="vertical-align:middle;width:0.89%;margin:0pt;padding:0pt;"></td><td colspan="8" style="vertical-align:top;width:94.81%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 5.35pt 5pt 0pt;">The shareholders elected eight directors to serve as members of the Company&#8217;s Board of Directors until the next annual meeting of shareholders.&#160;&#160;The shareholders present in person or by proxy cast the following numbers of votes 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0pt;">&#160;</p></td></tr><tr><td colspan="7" style="vertical-align:middle;width:21.6%;border-bottom:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Nominee</b></p></td><td style="vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="vertical-align:middle;width:33.07%;border-bottom:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0.05pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Votes For</b></p></td><td style="vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="vertical-align:middle;width:40.84%;border-bottom:1.5pt solid #000000;margin:0pt;padding:0pt;"><p 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Gala</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">6,487,520 </p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">173,595 </p></td></tr><tr><td colspan="7" style="vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">Charles E. Davidson</p></td><td style="vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">6,489,749</p></td><td style="vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">171,366</p></td></tr><tr><td colspan="7" style="background-color:#cceeff;vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">Peter O. Haeg</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">5,942,953</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">718,162</p></td></tr><tr><td colspan="7" style="vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">Richard A. Shapiro</p></td><td style="vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">5,894,773</p></td><td style="vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">766,342</p></td></tr><tr><td colspan="7" style="background-color:#cceeff;vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">Jeffery Crivello</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">6,441,078</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">220,037</p></td></tr><tr><td colspan="7" style="vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">Bryan L. Wolff</p></td><td style="vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">5,889,161</p></td><td style="vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">771,954</p></td></tr><tr><td colspan="7" style="background-color:#cceeff;vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">Richard Welch</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">3,513,578</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">3,147,537</p></td></tr><tr><td colspan="7" style="vertical-align:middle;width:21.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 0pt;">David L. Kanen</p></td><td style="vertical-align:bottom;width:2.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;">&#160;</p></td><td style="vertical-align:middle;white-space:nowrap;width:33.07%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">5,233,714</p></td><td style="vertical-align:bottom;width:2.18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0.05pt 0pt 0.05pt 0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:40.84%;margin:0pt;padding:0pt 3pt 0pt 0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:right;margin:0pt;">1,427,401</p></td></tr><tr><td colspan="4" style="vertical-align:middle;width:6.62%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:8.88%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:5.74%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:0.35%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:2.28%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:33.07%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:2.18%;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:40.84%;margin:0pt;padding:0pt;"></td></tr><tr><td style="vertical-align:middle;width:1.15%;margin:0pt;padding:0pt;"></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;">(ii) </p></td><td style="vertical-align:middle;width:0.89%;margin:0pt;padding:0pt;"></td><td colspan="8" style="vertical-align:top;width:94.81%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 5pt 0pt;">The shareholders ratified the appointment of Schechter, Dokken, Kanter, Andrews &amp; Selcer, Ltd. as the Company&#8217;s independent registered public accounting firm for fiscal year 2020.&#160;&#160;There was 8,058,647 votes cast for the proposal; 23,780 votes were cast against the proposal; 20,410 votes abstained; and there were no broker non-votes.</p></td></tr><tr><td style="vertical-align:middle;width:1.15%;margin:0pt;padding:0pt;"></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;">(iii) </p></td><td style="vertical-align:middle;width:0.89%;margin:0pt;padding:0pt;"></td><td colspan="8" style="vertical-align:top;width:94.81%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 5pt 0pt;">The shareholders approved the amendment to the Company&#8217;s 2015 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance from 1,000,000 to 1,500,000, as described by the Company&#8217;s Proxy Statement.&#160; There were 6,342,378 votes cast for the proposal; 294,679 votes cast against the proposal; 24,058 votes abstained; and there were 1,441,722 broker non-votes. &#160; &#160;</p></td></tr><tr><td style="vertical-align:middle;width:1.15%;margin:0pt;padding:0pt;"></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;">(iv) </p></td><td style="vertical-align:middle;width:0.89%;margin:0pt;padding:0pt;"></td><td colspan="8" style="vertical-align:top;width:94.81%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 5pt 0pt;">The shareholders approved the Company&#8217;s executive compensation, as described by the Company&#8217;s Proxy Statement. There were 6,202,795 votes cast for the proposal; 417,583 votes were cast against the proposal; 40,737 votes abstained; and there were 1,441,722 broker non-votes.</p></td></tr></table></div><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:bold;text-align:justify;">Item&#160;9.01.</b></font><b style="font-weight:bold;">Financial Statements and Exhibits.</b></p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">(d)</font></font>Exhibits. </p><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The following exhibit is furnished as part of this Current Report on Form 8-K:</p><div align="left"><table style="border-collapse:collapse;font-size:16pt;width:99.89%;"><tr style="height:1pt;"><td style="vertical-align:top;width:13.87%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:83.34%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:13.87%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Exhibit No.</b></p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-size:10pt;font-weight:bold;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.34%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Description</b></p></td></tr><tr><td style="vertical-align:top;width:13.87%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:justify;margin:0pt;">10.1</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:12pt;text-align:justify;margin:0pt;"><font style="font-size:10pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:83.34%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman';font-size:12pt;text-align:justify;margin:0pt;"><a href="tmb-20200616xex10d1.htm"><font style="font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;text-align:justify;">Amended and Restated 2015 Equity Incentive Plan.</font></a></p></td></tr></table></div><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:21.6pt;min-height:41.75pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;">Page 3 of 4</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="vertical-align:super;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;min-height:21.05pt;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;">SIGNATURE</p><p style="font-family:'Times New Roman';font-size:12pt;text-align:center;margin:0pt;"><font style="font-size:10pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:24.5pt;margin:0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:10pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:46%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt;">BBQ HOLDINGS, INC.</p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" 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Gilbertson</p></td></tr><tr style="height:61.75pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0pt;">Title: Chief Financial Officer and Chief Operating Officer</p><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:10pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><div style="height:0pt;position:relative;width:100%;"><div style="height:21.05pt;left:0%;position:absolute;top:0pt;width:201.95pt;z-index:251659264;"><div style="height:20.8pt;left:0.35pt;padding-bottom:0pt;position:relative;top:0.25pt;width:201.6pt;"><img src="tmb-20200616x8k006.jpg" alt="Graphic" style="height:20.8pt;width:201.6pt;"></div></div></div><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:21.6pt;min-height:41.75pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;text-align:center;margin:0pt;">Page 4 of 4</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:avoid;width:79.3%;border-width:0;"></body></html>
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{"company-data": {"conformed-name": "BBQ HOLDINGS, INC.", "cik": "0001021270", "assigned-sic": "5812", "irs-number": "411782300", "state-of-incorporation": "MN", "fiscal-year-end": "0103"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-39053", "film-number": "20975079"}, "business-address": {"street1": "12701 WHITEWATER DRIVE", "street2": "SUITE 290", "city": "MINNETONKA", "state": "MN", "zip": "55343", "phone": "952-294-1300"}, "mail-address": {"street1": "12701 WHITEWATER DRIVE", "street2": "SUITE 290", "city": "MINNETONKA", "state": "MN", "zip": "55343"}, "former-company": {"former-conformed-name": "FAMOUS DAVES OF AMERICA INC", "date-changed": "20001026"}}
​
​
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
​
​
FORM 8-K
​
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
​
Date of Report (Date of earliest event reported): June 16, 2020
​
BBQ HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Minnesota
001-39053
83-4222776
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
(Address of principal executive offices) (Zip Code)
12701 Whitewater Drive, Suite 290, Minnetonka, MN 55343
(952) 294-1300
(Registrant's telephone number, including area code)
​
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
​
◻
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
​
◻
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
​
◻
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
​
◻
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
​
Securities registered pursuant to Section 12(b) of the Act:
DAVE
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value
BBQ
The Nasdaq Global Market
​
​
Indicated by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
​
Emerging growth company
◻
​
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
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Page 1 of 4
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Item
5.02.  Departure of Directors or Certain Officers' Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
​
(d)
At its 2020 Annual Meeting of Shareholders (the "Annual Meeting"), BBQ Holdings, Inc. (the "Company") elected Charles E. Davidson to the Company's Board of Directors.  Mr. Davidson, age 67, co-founded Wexford Capital LP, a registered investment advisor, in 1994 and serves as its Chairman and Chief Investment Officer.  Mr. Davison has primary responsibility for the overall strategic direction of Wexford's investment activities, serves as the Portfolio Manager for the Wexford Spectrum Funds, the Wexford Catalyst Funds, and the Wexford Credit Opportunities Funds and is the Chairman of the hedge fund investment committee.  From 1984 to 1994, Mr. Davidson was a General Partner of Steinhardt Partners, L.P. where he was responsible for all fixed income arbitrage, risk arbitrage, private equity, distressed/bankruptcy and special situation investments of the multi-billion dollar hedge fund.  From 1977 to 1984, Mr. Davidson was employed by Goldman Sachs & Co. where he was the head of domestic corporate bond trading and proprietary trading.  Mr. Davidson holds a MBA and a BA in economics from the University of California – Los Angeles.
An entity that Mr. Davidson controls is a franchisee of the Company. As a Company franchisee, Mr. Davidson paid approximately $314,000 and $308,000 in franchise royalties and contributions to the Company's system-wide marketing fund for the Company's 2018 and 2019 fiscal years, respectively.
On December 8, 2017, as a part of settlement of a legal dispute and distressed situation, the Company approved the transfer of seven franchise restaurants in Utah and Washington (the "Transferred Restaurants") to an entity (the "Acquirer") controlled by Mr. Davidson.
The previous franchisee of these seven restaurants experienced financial difficulties for more than one year and, at the time of the sale to the Acquirer, was more than one year in arrears with royalty, miscellaneous and national advertising fund payments that totaled approximately $1.4 million. The previous franchisee engaged a broker who marketed the franchise for several months, which resulted in two potential buyers, one of whom dropped out of the process. These stores were severely neglected, and this was determined to be the best path to economic recovery.
In connection with settling the dispute with the previous franchisee, the Company collected $350,000 in cash from the previous franchisee. Pursuant to the settlement, the Company wrote off accounts receivable of approximately $1.0 million.
As part of the transaction, the Company agreed to certain concessions in order to facilitate the transfer of the Transferred Restaurants to the Acquirer and to incentivize the Acquirer to invest the funds necessary to improve the operations of the Transferred Restaurants and to provide innovation to the Famous Dave's concept. The economic concessions consisted of the following:
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A $500,000 repairs and maintenance credit (the "R&M Credit"), payable through a 50% reduction in required royalty payments until the credit is exhausted;
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Royalty relief, in addition to the R&M Credit, of 2.0% in months one through 12 for an effective royalty rate of 3.0% and 1.0% in months 13 through 24 for an effective royalty rate of 4.0%, and a full royalty of 5.0% to be paid thereafter;
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Development rights in the states of Utah and Washington in exchange for a commitment to open three restaurants before May 1, 2027; and
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Waiver of initial and future franchise fees and area development fees.
In addition to these economic concessions, the Company modified its standard franchise agreement to eliminate or limit certain obligations of Acquirer as a franchisee, including:
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Waiver of reacquisition fees for two additional ten-year terms;
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Acquirer will spend 1.0% of net sales on local marketing, as opposed to the standard 1.5%.
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(e)
At the Company's Annual Meeting on June 16, 2020, the Company's shareholders approved an amendment to the Company's 2015 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance from 1,000,000 shares to 1,500,000 shares.  The Amended Plan is a long-term incentive plan pursuant to which awards may be granted to certain employees, independent contractors and directors of the Company, in the form of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units and performance-based awards.
The foregoing description of the Amended Plan is not complete and is qualified in its entirety by the complete terms and conditions of the Amended Plan, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.  In addition, a description of the material terms of the Amended Plan was included in the Company's definitive proxy statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on April 27, 2020 (the "Proxy Statement").
Item 5.07.  Submission of Matters to a Vote of Security Holders.
The Annual Meeting of the Company was held on June 16, 2020. At the Annual Meeting, the Company's shareholders took the following actions:
(i)
The shareholders elected eight directors to serve as members of the Company's Board of Directors until the next annual meeting of shareholders.  The shareholders present in person or by proxy cast the following numbers of votes in connection with the election of directors, resulting in the election of all director nominees:
Nominee
Votes For
Votes Withheld
Anand D. Gala
6,487,520
173,595
Charles E. Davidson
6,489,749
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171,366
Peter O. Haeg
5,942,953
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718,162
Richard A. Shapiro
5,894,773
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766,342
Jeffery Crivello
6,441,078
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220,037
Bryan L. Wolff
5,889,161
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771,954
Richard Welch
3,513,578
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3,147,537
David L. Kanen
5,233,714
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1,427,401
(ii)
The shareholders ratified the appointment of Schechter, Dokken, Kanter, Andrews & Selcer, Ltd. as the Company's independent registered public accounting firm for fiscal year 2020.  There was 8,058,647 votes cast for the proposal; 23,780 votes were cast against the proposal; 20,410 votes abstained; and there were no broker non-votes.
(iii)
The shareholders approved the amendment to the Company's 2015 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance from 1,000,000 to 1,500,000, as described by the Company's Proxy Statement.  There were 6,342,378 votes cast for the proposal; 294,679 votes cast against the proposal; 24,058 votes abstained; and there were 1,441,722 broker non-votes.
(iv)
The shareholders approved the Company's executive compensation, as described by the Company's Proxy Statement. There were 6,202,795 votes cast for the proposal; 417,583 votes were cast against the proposal; 40,737 votes abstained; and there were 1,441,722 broker non-votes.
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Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
The following exhibit is furnished as part of this Current Report on Form 8-K:
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Exhibit No.
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Description
10.1
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Amended and Restated 2015 Equity Incentive Plan.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BBQ HOLDINGS, INC.
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Date: June 19, 2020
By:
/s/ James G. Gilbertson
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Name: James G. Gilbertson
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Title: Chief Financial Officer and Chief Operating Officer
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