Company Restaurant Growth. We opened 38 new Jack in the Box company-operated restaurants in fiscal 2005, including 15 restaurants on a shared site with a Quick Stuff store and fuel station, and 12 new Qdoba company-operated restaurants. We believe our convenience store concept provides a strong unit economic model and allows for increased penetration of existing and new contiguous markets by providing additional site development flexibility in unique locations where development costs are shared among the restaurant, convenience store and fuel station. Fiscal year 2005 restaurant growth was in existing markets, as we continue to see opportunities to increase our market penetration, and intend to leverage media, supervision, and food delivery costs. Our fiscal year 2006 growth strategy includes entering new contiguous markets which we will be able to support with our existing operations and distribution infrastructure

EX-10.21 4 a15215exv10w21.htm EXHIBIT 10.21 exv10w21
 

Exhibit 10.21
EXECUTIVE COMPENSATION – BASE SALARIES
Effective October 3, 2005, the Compensation Committee of Jack in the Box Inc. approved new annual base salaries for Chairman and Chief Executive Officer Linda A. Lang of $700,000, President and Chief Operating Officer Paul L. Schultz of $485,000 and Executive Vice President Jerry P. Rebel of $365,000. Effective November 14, 2005, the Compensation Committee approved new annual base salaries for Executive Vice President Lawrence E. Schauf of $354,000, for Senior Vice President David M. Theno of $332,000 and for Gary Beisler, the Chief Executive Officer of the Company’s wholly owned subsidiary Qdoba Restaurant Corporation, of $300,000.