Board of Directors

Clifford Hudson
Clifford Hudson has spent the last 33 years of his career at Sonic Corp., an Oklahoma City-based, publicly-held company that owns, operates and franchises SONIC Drive-In restaurants (NASDAQ: SONC). Today, he is chairman of the board and chief executive officer of this public company with 3,500 franchised and company-operated drive-in restaurants.

Hudson was named chairman of Sonic Corp. in January 2000, and has been chief executive officer (CEO) of Sonic Corp. since April 1995. Prior to that time, he served the company in a variety of capacities, including general counsel, chief financial officer and chief operating officer.

During Hudson’s tenure as CEO of SONIC, system sales have grown from $880 million to $4.5 billion. The company’s enterprise value (the public value of its common stock plus debt) has grown from approximately $200 million to more than $2.0 billion.

Hudson has been affiliated with many nonprofit and community activities. He served as chairman of the board of directors of the Securities Investor Protection Corporation (SIPC), a presidential appointment, from 1994-2001. He served as chairman of the Oklahoma City School Board from 2001-2008, a position created in 2000 as part of a $530 million turnaround of a 40,000 student, inner-city Oklahoma City Public School system, for which he received the 2012 David T. Kearns Award for Excellence and Innovation in Education. He is a past trustee of the Ford Foundation (New York) and is a past chairman of the board of the National Trust for Historic Preservation. He currently serves as the chairman of the Foundation for Oklahoma City Public Schools.

In his position, Hudson has earned achievements such as the 2004 Silver Plate – Foodservice Operator of the Year Award from International Foodservice Manufacturers Association and 2000 Multi-Unit Foodservice Operators (MUFSO) Golden Chain Award from Nation’s Restaurant News. Most recently, SONIC has also received national recognition from publications such as Forbes, Entrepreneur, QSR and Restaurants & Institutions. He has been a frequent and requested guest on multiple business and financial news channels including Bloomberg, CNBC and FOX News.



Recent Stock Transactions by Clifford Hudson
Date Type Shares Traded Price Range
Jun 11, 2018 Disposition (Non Open Market) 357,054 0.00 - 32.84
Jun 11, 2018 Option Execute 463,373 6.80 - 31.29
Nov 17, 2017 Disposition (Non Open Market) 103,397 24.57
Nov 17, 2017 Option Execute 167,765 6.80
Nov 17, 2017 Disposition (Non Open Market) 103,397 24.57
Nov 17, 2017 Option Execute 167,765 6.80
Nov 9, 2017 Disposition (Non Open Market) 74,078 24.39
Nov 9, 2017 Option Execute 103,913 11.19
Dec 21, 2016 Disposition (Non Open Market) 1,840 n/a
Oct 26, 2016 Disposition (Non Open Market) 840 n/a
Aug 10, 2016 Disposition (Non Open Market) 145,472 28.34
Aug 10, 2016 Option Execute 235,644 8.74
Jun 16, 2016 Disposition (Non Open Market) 840 n/a
May 31, 2016 Disposition (Non Open Market) 7,370 n/a
Apr 5, 2016 Sell 42,421 35.22
Apr 4, 2016 Sell 51,320 35.30 - 35.32
Mar 18, 2016 Disposition (Non Open Market) 2,000 n/a
Jan 13, 2016 Option Execute 127,501 10.15 - 19.30
Jan 13, 2016 Disposition (Non Open Market) 76,869 29.58
Dec 22, 2015 Disposition (Non Open Market) 500 n/a
Dec 15, 2015 Disposition (Non Open Market) 3,400 n/a
Dec 3, 2015 Disposition (Non Open Market) 2,955 n/a
Dec 2, 2015 Disposition (Non Open Market) 1,045 n/a
Nov 6, 2015 Disposition (Non Open Market) 900 n/a
Oct 1, 2015 Disposition (Non Open Market) 500 n/a
Sep 25, 2015 Disposition (Non Open Market) 1,050 n/a
Jul 2, 2015 Disposition (Non Open Market) 490 n/a
Apr 9, 2015 Disposition (Non Open Market) 31,465 n/a
Mar 4, 2015 Disposition (Non Open Market) 4,570 n/a
Jan 14, 2015 Sell 190,000 31.55 - 31.58
Jan 7, 2015 Disposition (Non Open Market) 112,338 29.72
Jan 7, 2015 Option Execute 135,507 22.24
Jun 30, 2014 Disposition (Non Open Market) 58,990 22.08
Jun 30, 2014 Option Execute 60,078 21.14 - 21.65
Apr 16, 2014 Disposition (Non Open Market) 49,605 20.84
Apr 16, 2014 Option Execute 64,046 14.22
Mar 31, 2014 Sell 100,000 22.64
Mar 25, 2014 Disposition (Non Open Market) 91,585 23.23
Mar 25, 2014 Option Execute 93,500 22.54
Sep 23, 2013 Sell 63,000 18.10
Sep 20, 2013 Sell 107,000 18.42
Sep 19, 2013 Sell 130,000 18.59 - 18.70
Apr 9, 2013 Sell 51,698 12.39
Apr 9, 2013 Disposition (Non Open Market) 676 n/a
Apr 9, 2013 Acquisition (Non Open Market) 676 n/a
Apr 9, 2013 Option Execute 52,374 12.09
Apr 8, 2013 Sell 1,397 12.60
Apr 8, 2013 Option Execute 1,397 12.09
Apr 4, 2013 Sell 22,516 12.60
Apr 4, 2013 Option Execute 22,516 12.09

Tony D. Bartel has over 20 years of experience in the consumer products industry, including 14 years in the restaurant industry. Mr. Bartel has served as Chief Operating Officer of Gamestop Corporation since 2014. He served as President of Gamestop from 2010 to 2014. He also served as Executive Vice President of Merchandising and Marketing for Gamestop from 2007 until 2010 and as Senior Vice President of International Finance for Gamestop from 2005 until 2007. Prior to that, Mr. Bartel worked for NCH Corporation for two years and Pizza Hut, Inc. for 14 years, serving in various management positions including Chief Financial Officer, Vice President of Strategic Planning and Vice President of Field Finance. He is a certified public accountant and began his career with KPMG LLP, where he served for three years as a tax specialist. Mr. Bartel’s experience in marketing and strategy for multi-unit retail and restaurant brands provides a significant broad-based understanding of retailing, including marketing and strategic planning. In addition, Mr. Bartel’s background in finance, tax and accounting provides the Board with valuable perspective on the Company’s strategic initiatives, financial oversight and stewardship of capital.

R. Neal Black served as Chief Executive Officer and President of Jos. A. Bank Clothiers, Inc., a designer, retailer and direct marketer of men’s tailored and casual clothing, from 2008 to 2014. During his tenure, Mr. Black helped grow the business from $100 million to $1 billion in revenue, until 2014 when the business was acquired by The Men’s Wearhouse. He also served on the corporate board of the Jos. A. Bank Clothiers, Inc. from 2008 to 2014. Prior to joining Jos. A. Bank Clothiers in 2000, Mr. Black served as Senior Vice President and General Merchandising Manager of the department store chain Proffitt’s, Inc., from 1998 to 2000. Prior to his tenure with Proffitt’s, Inc., Mr. Black served as Senior Vice President and General Merchandising Manager as well as Senior Vice President of Product Development of Venture Stores, Inc., from 1995 to 1998. He served as Vice President and General Merchandising Manager as well as Vice President and Divisional Merchandising Manager of Gottschalks, Inc., from 1992 to 1995. Prior to his tenure with Gottschalks, Inc., Mr. Black served as President and General Manager of Design Linens, Inc., a series of retail stores owned by a home textile and bed linen distributor, from 1983 to 1992.  Since 2014, Mr. Black has served on the Board of Advisors of Custom Cut Clothiers International. He brings to the Board his significant leadership skills as well as extensive expertise in retail operations and management.

Steven A. Davis served as Chairman and Chief Executive Officer of Bob Evans Farms, Inc. (“Bob Evans”), a family-style restaurant chain and packaged foods distributor, from 2006 to 2014. Mr. Davis was the first non-family member Chief Executive Officer and charged with re-branding and maturing the internal organization and the overall business in 18 key areas across finance, legal, human resources, operations, supply chain and marketing. During his tenure, Bob Evans’ stock appreciated 96 percent and performed at or above the industry restaurant peer group from 2006 to 2014 and returned more than $800 million in shareholder value through share repurchases, dividend increases and debt reduction. Prior to joining Bob Evans, Mr. Davis served in a variety of executive and management positions with YUM! Brands from 1993 to 2006 and with Kraft General Foods from 1984 to 1993. Mr. Davis serves as a director of Marathon Petroleum Corporation and of New Albertsons, Inc., a privately-held national food and drug retail company. From May 2006 to July 2009, he served as a director of EMBARQ Corporation, a local and long-distance phone service and high-speed Internet access provider. CenturyTel, Inc., an integrated communications company that provides local exchange services, long-distance, Internet access and broadband services, acquired EMBARQ Corporation in July 2009, and Mr. Davis served as director until August 2009. He also served as director of Walgreen Company/Walgreens Boots Alliance, a retail drugstore operator, from March 2009 to June 2015.

A seasoned restaurant and consumer packaged goods executive with significant experience in the areas of marketing and branding, retail food products, mergers and acquisitions, real estate, auditing and finance, Mr. Davis brings to the board his strategic planning skills, leadership and restaurant operating knowledge.

Lauren R. Hobart has served as a Director of Dick’s Sporting Goods, Inc. since 2018 and as its President since 2017. Ms. Hobart also has served as President of The Dick’s Sporting Goods Foundation since 2012. She served as Executive Vice President and Chief Customer and Digital Officer of Dick’s Sporting Goods from February 2017 to May 2017, and served as Executive Vice President and Chief Marketing Officer of Dick’s Sporting Goods from 2015 until February 2017. She served as Senior Vice President and Chief Marketing Officer of Dick’s Sporting Goods from 2011 to 2015. Ms. Hobart held a variety of management positions with Pepsi-Cola North America from 1997 until 2011, including Chief Marketing Officer, Carbonated Soft Drinks Brand. She began her career in the banking industry having six years of experience with JPMorgan Chase & Company and Wells Fargo Bank. Ms. Hobart brings to the Board her marketing and strategic planning skills as a senior marketing executive at Fortune 500 companies. She also provides valuable insight into consumer needs and marketplace trends currently influencing the retail industry.

S. Kirk Kinsell has served as Principal of Panther Ridge Partners, LLC, an investment and advisory company focused on the hospitality sector, since January 2017. He served as Chief Executive Officer and President of Loews Hotels and Resorts from March 2015 to January 2017. Mr. Kinsell served as President, The Americas and Executive Director of InterContinental Hotels Group, PLC from July 2011 until February 2015. He served in various other progressive executive positions for InterContinental Hotels Group from 2003 until June 2011, including President, Europe Middle East and Africa. Mr. Kinsell served on the Board of Popeyes Louisiana Kitchen, Inc. from January 2015 until March 2017 and on the Board of InterContinental Hotels Group PLC from August 2010 to February 2015. Mr. Kinsell brings to the Board broad managerial and operational experience, as demonstrated by his leadership positions at major international hotel companies and a distinguished career of more than 30 years of proven operational and management experience. He also brings broad experience in franchising, hospitality and international transactions.

Kate S. Lavelle has over 20 years of experience in finance and accounting, including 12 years in the restaurant and food service industry.  Ms. Lavelle served as the Executive Vice President and Chief Financial Officer of Dunkin’ Brands, Inc. from December 2004 until July 2010.  She served as Global Senior Vice President for Finance and Chief Accounting Officer of LSG Sky Chefs, a wholly owned subsidiary of Lufthansa Airlines, from January 2003 until August 2004.  Mrs. Lavelle served in various other management positions for LSG Sky Chefs, from March 1998 until January 2003.  She began her career at Arthur Andersen LLP where for more than 10 years she served as Senior Audit Manager in charge of administration of audits and other professional engagements.  From 2005 until July 2007, Ms. Lavelle served as a Director of Swift & Company, an American food processing company which was acquired in 2007 by JBS S.A., a Brazilian company.  From May 2013 to May 2015, she served as a director of Jones Lang LaSalle, a global financial and professional services firm specializing in commercial real estate services and investment management.  With over 20 years of experience in the finance and accounting industry, and six of those years as the Chief Financial Officer of a large, multi-brand, franchised quick-service restaurant business, Ms. Lavelle brings to the Board her extensive expertise in finance and direct knowledge and understanding of restaurant operations and management.

Federico F. Peña is a Senior Advisor of the Colorado Impact Fund, a venture capital fund dedicated to supporting local companies that generate consistent investment returns in addition to positive community outcomes. Mr. Peña previously served as a Senior Advisor of Vestar Capital Partners, a global private equity firm specializing in management buyouts, recapitalizations and going private transactions. Prior to joining Vestar, Mr. Peña served as the United States Secretary of Energy from 1997 to 1998 and the United States Secretary of Transportation from 1993 to 1997. Mr. Peña served as the Mayor of the City and County of Denver, Colorado from 1983 through 1991, the first Latino to hold that elected office. Mr. Peña founded Peña Investment Advisors in 1991 and was its President and Chief Executive Officer from 1991 until 1993. He served in the Colorado House of Representatives from 1979 until 1983 and practiced law for 10 years in Colorado. Mr. Peña has demonstrated sound leadership skills and brings his extensive investment experience to the Board.

Jeffrey H. Schutz is a managing director of Centennial Ventures, a Denver-based venture capital firm with approximately $500 million of assets currently under management.  Mr. Schutz has been a general partner in seven Centennial-sponsored partnerships and involved with the start-up, growth and development of approximately 50 companies over the past 24 years.  In his position with Centennial Ventures, Mr. Schutz has directly contributed to the strategic planning and direction of these companies.  Prior to joining Centennial Ventures in 1987, Mr. Schutz was Vice President and Director of PNC Venture Capital Group, an affiliate of PNC Financial.  As a result of his background in building and growing entrepreneurial businesses, Mr. Schutz provides knowledgeable advice to the Company’s other directors and to senior management as the Company continues to strengthen its brand and grow its market share.

Kathryn L. Taylor has served as Chief of Economic Development, City of Tulsa, Oklahoma since December 2016. She served as Mayor of the City of Tulsa, Oklahoma from 2006 to 2009, managing a budget of more than $500 million and more than 4,000 employees. Ms. Taylor’s public service has also included two cabinet positions for the State of Oklahoma, where she served as Chief of Education Strategy and Innovation from January 2010 until January 2011 and as Secretary of Commerce and Tourism from 2003 to 2006. She was a partner in the Oklahoma law firm of Crowe and Dunlevy, where she was Chair of the Franchising and Distribution Section from 1994 until 1998. From 1994 to 1997, Ms. Taylor was a principal owner and director of National Car Rental. From 1988 to 1994, she served as the Executive Vice President and General Counsel of Dollar-Thrifty Car Rental. Both National Car Rental and Dollar-Thrifty Car Rental operate and franchise car rental locations world-wide. Ms. Taylor serves as Leadership Council Chair of Impact Tulsa, a partnership of business and education leaders working to improve student outcomes. Ms. Taylor’s background and experience in franchising and securities law, as well as her development and oversight of the City of Tulsa’s annual capital and operating budget, allows her to provide significant knowledge to the Board on franchising, corporate governance and financial matters. She also provides broad insight into executive leadership, strategy and public affairs.

Susan E. Thronson served in a variety of marketing management positions from 1989 to July 2013 at Marriott International, Inc., a worldwide operator, franchisor and licensor of hotels and corporate housing properties. Her most recent positions with Marriott were Senior Vice President, Global Marketing from 2005 to July 2013 and Senior Vice President, International Marketing, International Lodging Organization from 1997 to 2005. Ms. Thronson is a National Association of Corporate Directors (NACD) Governance Fellow and also serves as a director of Angie’s List, Inc. Ms. Thronson provides extensive global and brand marketing expertise to the Company, including digital marketing platforms as well as leadership experience with global operations and franchising.

Stock transaction information provided by EDGAR Online. Sonic Corp. makes no representation or warranty with respect to any of the information contained herein, takes no responsibility for supplementing, updating or correcting any such information and shall have no liability with respect to any such information. This listing does not include derivatives, such as stock option grants or shares purchased through an employee stock purchase plan. For recent transactions, including derivative transactions, see our Section 16 SEC filings page.

Stock Quote (NASDAQ: SONC)

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