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J. Clifford Hudson
Chairman of the Board and Chief Executive Officer, Sonic Corp. -
Clifford Hudson has spent the last 25 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. Sonic's common stock is included in the S&P MidCap 600 Index.
Hudson was named chairman of Sonic Corp. in January 2000. Previously, Hudson was chief executive officer (CEO) and president of Sonic Corp., positions he held 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, average drive-in profit has grown from $78,000 to almost $160,000, average drive-in sales from $602,000 to $1.1 million, system-wide sales from $880 million to almost $4 billion and brand awareness has doubled. The company's revenues are seven times greater and enterprise value (the public value of its common stock plus debt) has grown from approximately $200 million to more than $1.0 billion.
In his position, Hudson has earned achievements 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 magazines. He has been a guest on various national business programs including CNBC's Mad Money, Squawkbox and Power Lunch, as well as various Bloomberg news programs.
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 recently served as Chairman of the Oklahoma City School Board from 2001-2008, a position created in 2000 as part of a $530 million turn
around of a 40,000 student, inner-city Oklahoma City Public School system. He currently serves as trustee of the Ford Foundation (New York) and is the Chairman of the Board of the National Trust for Historic Preservation.
Through his education work, Hudson has been involved with art and music programs, including leading a Sonic-sponsored music group, The Sonic Tones. In addition to performing with the Oklahoma City symphony in 2003, The Sonic Tones performed at the Rock and Roll Hall of Fame in Cleveland, Ohio through the Fortune magazine-sponsored "Battle of Corporate Bands".
Hudson graduated from the University of Oklahoma, which he attended with Phi Beta Kappa and President's Leadership scholarships. In 1998, Hudson was honored as a distinguished alumnus of the University of Oklahoma College of Arts and Sciences, where he serves as a member of the College of Arts and Sciences Board of Visitors. In 2001, he received the University's Regents Award from its board of regents.
Hudson graduated from the Georgetown University Law Center, where he was a member of the legal honor society, Phi Delta Phi. In 1979, he served as an editor of the International Law Journal, a publication of the Association of Student International Law Societies. He is also a member of the board of visitors of Georgetown University Law Center and in 2006 was given the Paul Dean Award for service to the school.
He and his wife, Leslie, an epidemiologist, have two sons and live in Oklahoma City.
Holdings: 41,789 shares
View Transactions
Date Type Shares Traded Price Range Apr 20, 2010 Sell 66,700 12.25 Apr 20, 2010 Option Execute 108,489 5.71 Aug 5, 2009 Disposition (Non Open Market) 60,000 n/a Apr 28, 2009 Disposition (Non Open Market) 41,000 n/a Mar 26, 2009 Disposition (Non Open Market) 5,200 n/a Mar 3, 2009 Disposition (Non Open Market) 66,397 8.03 Mar 3, 2009 Option Execute 93,050 5.73 Dec 18, 2008 Disposition (Non Open Market) 11,000 n/a Mar 7, 2008 Disposition (Non Open Market) 24,272 20.10 Mar 7, 2008 Option Execute 114,797 4.25 Feb 29, 2008 Disposition (Non Open Market) 500 21.33 Oct 26, 2007 Sell 183,636 25.00 Oct 25, 2007 Sell 93,700 25.00 Oct 24, 2007 Sell 1,500 25.00 Oct 17, 2007 Disposition (Non Open Market) 30,000 n/a Jan 5, 2007 Disposition (Non Open Market) 61,543 22.29 Jan 5, 2007 Option Execute 174,034 2.37 Dec 28, 2006 Disposition (Non Open Market) 4,200 24.34 Oct 2, 2006 Disposition (Non Open Market) 11,500 22.65 Jul 6, 2006 Disposition (Non Open Market) 400 20.84 Jan 6, 2006 Disposition (Non Open Market) 22,796 28.40 Jan 6, 2006 Option Execute 170,376 3.80 -
Leonard Lieberman
Private Investor -
Holdings: 114,331 shares
View Transactions
Date Type Shares Traded Price Range Apr 29, 2010 Sell 10,125 11.79 Apr 29, 2010 Option Execute 10,125 7.13 Jan 15, 2010 Option Execute 1,378 n/a Jan 14, 2010 Sell 10,125 8.68 Jan 14, 2010 Option Execute 10,125 6.27 Jul 11, 2008 Option Execute 60,750 4.87 Jun 9, 2006 Disposition (Non Open Market) 7,500 22.09 -
Michael J. Maples
Consultant and Former Executive Vice President and Member of the Office of the President Microsoft Corp. -
Holdings: 7,378 shares
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Date Type Shares Traded Price Range Jan 15, 2010 Option Execute 1,378 n/a Nov 15, 2005 Buy 4,000 28.52 -
J. Larry Nichols
Chairman and Chief Executive Officer
Devon Energy Corporation -
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Federico F. Peña
Managing Director
Vestar Capital Partners -
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H.E. Rainbolt
Chairman
BancFirst Corp. -
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Frank E. Richardson
Chairman
F.E. Richardson & Co. Inc. -
Holdings: 1,853,762 shares
View Transactions
Date Type Shares Traded Price Range Jan 15, 2010 Option Execute 1,378 n/a Jan 11, 2010 Option Execute 10,125 6.27 Jan 14, 2009 Sell 29,920 9.98 Jan 14, 2009 Option Execute 60,750 4.87 Apr 7, 2008 Sell 175,000 22.06 - 22.31 Oct 30, 2007 Disposition (Non Open Market) 4,500 24.42 Nov 1, 2005 Sell 50,000 28.56 - 28.76 -
Robert M. Rosenberg
Retired President and Chief Executive Officer
Allied-Domecq Retailing U.S.A. -
Holdings: 115,908 shares
View Transactions
Date Type Shares Traded Price Range Jan 15, 2010 Option Execute 1,378 n/a Dec 18, 2008 Sell 27,555 12.04 May 4, 2007 Disposition (Non Open Market) 2,500 23.04 Mar 13, 2007 Disposition (Non Open Market) 10,695 20.88 Mar 13, 2007 Option Execute 38,250 4.87 - 7.13 Dec 18, 2006 Disposition (Non Open Market) 2,250 23.81 Dec 28, 2005 Disposition (Non Open Market) 1,500 29.75 Sep 29, 2005 Disposition (Non Open Market) 3,980 27.55 Sep 29, 2005 Option Execute 15,000 7.31 Aug 25, 2005 Sell 645 31.06 -
Kathryn L Taylor
Governor's Chief of Education Strategy and Innovation
State of Oklahoma -
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Douglas N. Benham
President and Chief Executive Officer of DNB Advisors, LLC -



