Chuck E. Cheese Parent Pays Out $3M in Executive Bonuses Ahead of Possible Bankruptcy Filing

CEC Entertainment, Inc., the parent of pizza and entertainment restaurant chain Chuck E. Cheese, said in an SEC filing that its Board of Directors approved a "Key Employee Retention Program" (KERP) to retain employees in their current roles through the earlier of either 12 months or 30 days following a restructuring. After most of its dine-in restaurants were closed due to impacts from the COVID-19 pandemic, the company said it was looking into options including bankruptcy, according to a Wall Street Journal report.

Source Fool.com